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City National Bank of West Virginia Review

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City National Bank of West Virginia Savings
0.07% APY
1. Overview 2. How We Rated It 3. Products Offered 4. Branch Locations

Overview

Established in 1957, City National Bank of West Virginia has assets totaling $4 billion along with $3 billion in deposits, ranking the institution as a large bank. City National Bank of West Virginia, whose headquarters are in Charleston, West Virginia, has above-average customer service access with a live chat feature, great for getting help during the work week. It is a conventional brick-and-mortar bank with in-person service, in addition to its online and mobile apps. With a score of 4.1 out of 5 stars, City National Bank of West Virginia should be solidly in contention for your choice of bank. City National Bank of West Virginia has a variety of banking products, which include savings accounts, checking accounts, money market accounts, CDs, IRAs, mortgage products and credit cards. City National Bank of West Virginia has a fair savings rate compared to the average savings account. If you're interested in stress-free personal checking, City National Bank of West Virginia's standard checking account does not have a monthly fee. Finding an institution with no-fee checking as well as a high savings APY is the best option for accruing the highest income from your deposits while having easy access to your money.

How We Rated It

SmartAsset's Overall Rating

4.1/5
National Average: 4.1

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

Rates

3.3
SmartAsset Average: 3.5

City National Bank of West Virginia features a savings rate of 0.07%, which is poor as compared against the national average. Its one-year and five-year term lengths CDs earn at a rate of 1.25% and 2.25%, respectively, while its highest-yielding money market account has an APY of 0.50%. Given its noncompetitive savings rate, you should think about other options to earn more on your deposits.

How City National Bank of West Virginia's Savings Rates Compare

City National Bank of West Virginia Savings 0.07 National Average 0.26 Compare Offers
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Fees

4.2
SmartAsset Average: 4.4

City National Bank of West Virginia has generally average fees in comparison to the national average. Its checking account has no monthly fee, which makes it excellent for anyone looking for a simple account. Also, at $36.00, it has a slightly steeper overdraft fee compared to the average U.S. overdraft fee. City National Bank of West Virginia unfortunately doesn't reimburse out-of-network ATM charges, which means you'll need to search for a City National Bank of West Virginia ATM or pay the cost of withdrawal.

Monthly Fee $0 National Average: $3.21
Non-network ATM Fee N/A National Average: $1.20
Overdraft Fee $36.00 National Average: $35.00
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Service Quality

4.0
SmartAsset Average: 3.7

City National Bank of West Virginia is a brick-and-mortar bank, with 86 total branches in Kentucky, Ohio, Virginia and West Virginia. With mobile and web apps, City National Bank of West Virginia makes mobile banking easy, even on the go. Additionally, City National Bank of West Virginia offers a live chat feature, giving customers an easy access point throughout the day. City National Bank of West Virginia receives average reviews from customers for its mobile banking services. The City National Bank of West Virginia mobile app has been given a 3.7 out of 5 (with 440 reviews on iOS and Android) compared to the national average of 3.8. You can use City National Bank of West Virginia's mobile app to control your accounts by checking monthly statements, sending and receiving money and reaching support representatives. City National Bank of West Virginia receives an outstanding consumer satisfaction score based on relatively few complaints reported to the Consumer Financial Protection Bureau (CFPB), a government agency that protects consumers in the financial sector.

Overall Mobile Rating 3.7/5
Consumer Satisfaction Rating 5.0/5
Online Banking Portal No
Live Chat Yes
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Financial Health

4.9
SmartAsset Average: 4.8

City National Bank of West Virginia ranks as a large bank with $4 billion in assets and deposits totaling $3 billion. City National Bank of West Virginia has an excellent Texas Ratio of 3.32%, signifying that City National Bank of West Virginia is in terrific financial condition and improbable to fail. Additionally, City National Bank of West Virginia is FDIC-insured, meaning that your money is insured up to $250,000, even in the event of bank failure.

Texas Ratio Analysis

3.32%
High Risk 75% 50% 20% 10% Low Risk

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.

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Compare City National Bank of West Virginia to Other Competitive Offers

Products Offered

Product Current Terms and Rates Minimum Balance for APY
Savings Account 0.07% APY $1
Checking Account 0.05% APY $1
Certificates of Deposit
  • 12 Month: 1.25% APY
  • 24 Month: 1.50% APY
  • 36 Month: 1.75% APY
  • 48 Month: 1.90% APY
  • 60 Month: 2.25% APY
$500 for all terms
Money Market Account 0.15% APY $1

City National Bank of West Virginia has several deposit products like savings accounts, checking accounts, money market accounts and CDs to give you many options to manage your money. City National Bank of West Virginia does not have the best savings rate, which means you should consider other options 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. City National Bank of West Virginia's CD rates are fair as compared against the national average.

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Find a City National Bank of West Virginia Near Me

City National Bank of West Virginia has 86 physical branches in the U.S.

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