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City National Bank of West Virginia Review

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City National Bank of West Virginia Savings
0.15% APY
1. Overview 2. How We Rated It 3. Products Offered 4. Branch Locations

Overview

City National Bank of West Virginia was founded in 1957 with headquarters located in Charleston, West Virginia. City National Bank of West Virginia manages assets of $4 billion and deposits totaling $3 billion, classifying it as a large bank. City National Bank of 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. SmartAsset has rated City National Bank of West Virginia 4.1 stars out of 5, which means it is a respectable bank that you should consider. City National Bank of West Virginia has a complete suite of banking products, which include savings accounts, checking accounts, money market 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 interested in stress-free personal checking, the bank's standard checking account does not have a monthly charge. Finding a checking account with no monthly fee as well as a savings account with a high interest rate at the same bank is your best bet for gaining the most income on your deposits alongside easy access to your funds.

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 has a savings rate of 0.15%, which is poor in comparison to other U.S. banks. City National Bank of West Virginia's one-year CD has 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 a rate of 0.65%. Given its below average savings rate, you should think about choosing another bank to earn more on your deposits.

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

City National Bank of West Virginia Savings 0.15 National Average 0.26 Compare Offers
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Fees

4.2
SmartAsset Average: 4.4

On average, City National Bank of West Virginia charges customers average fees in comparison to the national average. City National Bank of West Virginia's checking account has no monthly fee, ranking it excellent for anyone looking for a simple account. Additionally, City National Bank of West Virginia has an overdraft fee of $36.00, which is somewhat greater than the average overdraft fee charged by U.S. banks. City National Bank of West Virginia doesn't refund out-of-network ATM charges, which means you will need to locate 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. It also offers access to mobile and web apps for straightforward 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 platforms receive fair marks from customers. Out of 440 ratings on Apple and Android platforms, the City National Bank of West Virginia mobile app has an overall rating of 3.7 out of 5 (compared to the national average of 3.8). City National Bank of West Virginia's mobile app allows you to manage your bank accounts by looking at current statements, sending and receiving funds and reaching customer service. City National Bank of West Virginia gets an exceptional consumer satisfaction score due to relatively few consumer complaints brought to the Consumer Financial Protection Bureau (CFPB), a government financial 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 is currently a large bank owning assets totaling $4 billion and $3 billion in deposits. It has an excellent Texas Ratio of 3.32%, suggesting that City National Bank of West Virginia is in superb financial health 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 0.15% 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: 1.95% APY
  • 60 Month: 2.25% APY
$500 for all terms
Money Market Accounts 0.25% APY 0.65% APY $10000 $15000

City National Bank of West Virginia has several deposit products like savings accounts, checking accounts, money market accounts and CDs that provide you with 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 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. City National Bank of West Virginia's CD rates are fair in comparison to 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 locations in the U.S.

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