City National Bank of West Virginia Review

Overview

City National Bank of West Virginia was founded in 1957 and has its headquarters in Charleston, West Virginia. It manages assets of $4 billion along with $3 billion in deposits, making it a large bank. City National Bank of West Virginia has above-average access to customer service 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 commendable 4.1 stars out of 5, City National Bank of West Virginia is a good bank that should be given a look. City National Bank of West Virginia has a full choice of product offerings, including 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; you can find higher rates with other banks. If you're looking for a checking account for everyday use, City National Bank of West Virginia's standard checking account does not have a monthly charge. Banks that offer free checking and a high interest rate savings account are your best option for returning the most income from your deposits while having easy access to your funds.

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

City National Bank of West Virginia features a savings rate of 0.15%, which is fair compared to the national average. Its one-year CD earns at a rate of 1.25% and the five-year CD has a rate of 2.25%, while its highest-yielding money market account earns at an APY of 0.65%. Given City National Bank of West Virginia's poor savings rate, you should consider opting for higher earning savings accounts with other banks.

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

On average, City National Bank of West Virginia charges customers average fees in comparison to other U.S. banks. Its checking account has no monthly fee, rating it excellent for anyone looking for a simple account. Also, at $36.00, City National Bank of West Virginia has a slightly greater overdraft fee compared to the average overdraft fee charged by U.S. banks. City National Bank of West Virginia does not refund out-of-network ATM charges, which means you will be required to search for a City National Bank of West Virginia ATM or accept the withdrawal fee.

City National Bank of West Virginia is a brick-and-mortar bank, with 86 total bank locations in Kentucky, Ohio, Virginia, and West Virginia. It also offers access to mobile and web apps for simple access and banking on the go. City National Bank of West Virginia also offers a live chat feature, something to consider if you work during the customer service hours. City National Bank of West Virginia's online and mobile banking services get fair scores from customers. The City National Bank of West Virginia mobile app scored a 3.7 out of 5 (with 440 reviews on iOS and Android) compared to the national average of 3.8. You can utilize City National Bank of West Virginia's mobile app to manage your bank accounts by monitoring account balances, transferring funds and reaching customer service. City National Bank of West Virginia receives a superb consumer satisfaction score based on comparatively few complaints filed with the Consumer Financial Protection Bureau (CFPB), a government-sponsored consumer protection agency.

City National Bank of West Virginia is currently a large bank owning assets totaling $4 billion as well as deposits totaling $3 billion. Its Texas Ratio is 3.32%, indicating that City National Bank of West Virginia is in outstanding 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

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

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 think about looking 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. City National Bank of West Virginia's CD rates are fair in comparison to the average U.S. bank.

Find a City National Bank of West Virginia Near Me

City National Bank of West Virginia has 86 locations across the U.S.