Started in 1864, Citizens & Northern Bank has $1 billion in assets as well as $1 billion in deposits, ranking it as 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. SmartAsset experts rated the bank 4.1 out of 5 stars, suggesting Citizens & Northern Bank is a respectable bank that you should consider. Citizens & Northern Bank offers a selection of product offerings, including savings accounts, checking accounts, CDs, IRAs, mortgage products and credit cards. Citizens & Northern Bank has a fair savings rate; you can find higher rates with other banks. If you're interested in stress-free personal checking, Citizens & Northern Bank's standard checking account does not have a monthly fee. Banks that offer free checking as well as a high interest rate savings account are the best option for returning the most income from your deposits alongside convenient access to your funds.
The overall rating is a weighted average of rates, fees, service quality and financial health.Read more
With a savings rate of 0.10%, Citizens & Northern Bank ranks poorly as compared against the national average. Citizens & Northern Bank's one-year CD has a rate of 0.90% and the five-year CD has a rate of 1.91%, while its highest-yielding money market account earns at an APY of 0.25%. Given Citizens & Northern Bank's below average savings rate, you should consider taking a look at other banks for savings accounts.
How Citizens & Northern Bank's Savings Rates Compare
Citizens & Northern Bank generally has low fees compared to the national average. With no monthly fee, Citizens & Northern Bank is perfect for those who want a simple checking account. Also, it has an overdraft fee of $35.00, which is on par with the average overdraft fee charged by U.S. banks. Citizens & Northern Bank does not refund out-of-network ATM fees, which means you will have to search for a Citizens & Northern Bank ATM or pay the ATM charge.
Citizens & Northern Bank is a brick-and-mortar bank, with 26 total bank locations in New York and Pennsylvania. With mobile and web apps, Citizens & Northern Bank makes account access convenient, even on the go. Citizens & Northern Bank gets moderately high marks from customers for its mobile banking services. The Citizens & Northern Bank mobile app has an overall rating of 4.3 out of 5 (out of 140 customer reviews on Apple and Android) compared to the national average of 3.8. You can use Citizens & Northern Bank's mobile app to manage your bank accounts by reviewing monthly statements, transferring money as well as reaching customer service. Citizens & Northern Bank gets a superb consumer satisfaction score due to relatively few consumer complaints filed with the Consumer Financial Protection Bureau (CFPB), a government-backed consumer protection agency.
Citizens & Northern Bank ranks as a medium-size bank and handles assets totaling $1 billion and $1 billion in deposits. Citizens & Northern Bank's Texas Ratio is 10.28%, indicating that Citizens & Northern Bank is in good financial well-being and far from 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.Back to Overview
Compare Citizens & Northern Bank to Other Competitive Offers
|Product||Current Terms and Rates||Minimum Balance for APY|
|Savings Account||0.1% APY||$200|
|Certificates of Deposit|| ||$10000 for all terms|
|Money Market Account||0.15% APY||$5000|
Citizens & Northern Bank has several deposit products including 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 in comparison to the average U.S. bank.Back to Overview
Find a Citizens & Northern Bank Near Me
Citizens & Northern Bank has 26 locations across the U.S.Back to Overview