Citizens & Northern Bank Review

Overview

Started in 1864, Citizens & Northern Bank has assets totaling $1 billion along with $1 billion in deposits, making the institution a medium-size bank. Citizens & Northern Bank, whose headquarters are in Wellsboro, Pennsylvania, lacks premium access to support representatives, with no live chat or all-day service options available. It is a traditional brick-and-mortar bank with access to service representatives at a physical location, in addition to its online and mobile offerings. Overall, Citizens & Northern Bank is a good bank that deserves your consideration, with a score of 4.1 out of 5 stars from our team. Citizens & Northern Bank provides customers with a selection of banking products, which include savings accounts, checking accounts, CDs, IRAs, mortgage products and credit cards. It has a fair savings rate; you can find higher rates with other banks. If you're looking for a checking account for everyday use, Citizens & Northern Bank offers an option without a monthly fee. Finding a checking account with no monthly fee and a savings account with a high APY at the same institution is your best option for accruing the most income on your deposits while maintaining convenient access to your funds.

The overall rating is a weighted average of rates, fees, service quality and financial health.Read more

Citizens & Northern Bank has a savings rate of 0.10%, which is poor in comparison to the national average. Citizens & Northern Bank's one-year CD earns at a rate of 1.10% and the five-year CD has a rate of 1.91%, while its highest-yielding money market account has a rate of 0.25%. Given its below average savings rate, you should consider opting for higher earning savings accounts with other banks.

How Citizens & Northern Bank's Savings Rates Compare

Citizens & Northern Bank typically has low fees compared to the national average. With no monthly fee, Citizens & Northern Bank's checking account is perfect for people who need a hassle-free banking experience. Additionally, at $35.00, Citizens & Northern Bank's overdraft fee is lower than the national average. Citizens & Northern Bank does not reimburse out-of-network ATM fees, meaning you will have to search for a Citizens & Northern Bank ATM or eat the ATM charge.

Citizens & Northern Bank is a brick-and-mortar bank, with 26 total branches in New York and Pennsylvania. It also offers access to mobile and web apps for a straightforward mobile-banking experience. Citizens & Northern Bank's online and mobile banking platforms get reasonably good feedback from customers. The Citizens & Northern Bank mobile app has been given a 4.3 out of 5 (with 140 customer reviews on iOS and Android) compared to the national average of 3.8. You can access Citizens & Northern Bank's mobile app to manage your funds by checking current statements, sending and receiving funds as well as accessing support representatives. Citizens & Northern Bank receives an exceptional consumer satisfaction rating based on relatively few complaints brought to the Consumer Financial Protection Bureau (CFPB), a government financial agency that protects consumers in the financial sector.

Citizens & Northern Bank ranks as a medium-size bank and handles $1 billion in assets and deposits totaling $1 billion. Citizens & Northern Bank's Texas Ratio is 10.28%, suggesting a tiny likelihood of failure. Additionally, Citizens & Northern Bank is FDIC-insured, meaning that your money is insured up to $250,000, even in the event of bank failure.

Texas Ratio Analysis

The Texas Ratio, a measure of a "bad assets" against available capital, can provide an early warning sign of bank failure. A low ratio indicates smaller chance of failure; a higher ratio suggests greater risk.

Products Offered

Citizens & Northern Bank offers several deposit products like savings accounts, checking accounts and CDs to give you many options to manage your money. Citizens & Northern Bank does not have the best savings rate, which means you should think about taking a look elsewhere for banks that deliver more return for your money. CDs can be a terrific option to achieve higher returns, but there are limitations to accessing your money. Citizens & Northern Bank's CD rates are fair compared to other U.S. banks.

Find a Citizens & Northern Bank Near Me

Citizens & Northern Bank has 26 locations across the U.S.