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CNB Bank Review

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We maintain strict editorial integrity in our writing and assessments. This post contains links from our advertisers, and we may receive compensation when you click these links. Any opinions, analyses, reviews or recommendations expressed in this article are those of the author’s alone. | Advertiser Disclosure
We maintain strict editorial integrity in our writing and assessments. This post contains links from our advertisers, and we may receive compensation when you click these links. Any opinions, analyses, reviews or recommendations expressed in this article are those of the author’s alone. | Advertiser Disclosure
CNB Bank Savings
2.02% APY

Overview

Our Rating: 4.4/5 How we calculated this rating

Founded in 1934, CNB Bank has assets totaling $3 billion and deposits totaling $2 billion, classifying it as a large bank. CNB Bank, whose headquarters are in Clearfield, Pennsylvania, does not have the access to customer service other banks offer. It is a traditional brick-and-mortar bank, which means in-person service, in addition to its online and mobile apps. Coming in at a commendable 4.4 out of 5 stars, CNB Bank is a solid pick to be your bank. 

CNB Bank has a complete array of banking products, including savings accounts, checking accounts, CDs, IRAs, mortgage products and credit cards. Ideal for growing your cash, CNB Bank's savings account interest rate is extremely competitive. A great, everyday account, CNB Bank's ordinary checking account does not have a monthly fee. Why have checking and savings accounts with one bank? Fast transferring of funds between the two accounts means you can still get higher interest rates in your savings account but still spend your funds from your checking.

Service Quality

CNB Bank is a brick-and-mortar bank, with 41 total branches in New York, Ohio and Pennsylvania. With mobile and web apps, CNB Bank makes mobile banking straightforward, even on the go. It does not provide access to all-day customer service with representatives. You can get help during its customer service hours, which are Monday through Friday, 7:00 a.m. to 6:00 p.m. ET; Saturday, 8:00 a.m. to 3:00 p.m. ET. 

CNB Bank receives reasonably high marks from customers for its mobile app: the CNB Bank mobile app has been given a 3.0 out of 5 (with 61 reviews on iOS and Android) compared to the national average of 3.8. You can access CNB Bank's mobile app to control your bank accounts by looking at account balances, transferring money and reaching customer service. CNB Bank gets an excellent consumer satisfaction rating based on relatively few complaints registered with the Consumer Financial Protection Bureau (CFPB), a government-backed consumer protection agency. 

Products Offered

Product Current Terms and Rates Minimum Balance for APY  
Savings Accounts 2.02% APY $100 Compare Offers
Certificates of Deposit
  • 12 Month: 1.00% APY
  • 24 Month: 1.61% APY
  • 36 Month: 2.02% APY
  • 48 Month: 2.14% APY
  • 60 Month: 2.26% APY
$500 for all tiers Compare Offers
Money Market Accounts 10K tier: 0.41% APY $10,000 Compare Offers
Checking Accounts 0.10% APY $1 Compare Offers

CNB Bank has several deposit products which include savings accounts, checking accounts and CDs, meaning you have many options to manage your money. Its savings account has an exceptional interest rate, perfect for those who have extra money to save. CDs can be a terrific option to achieve higher returns, but there are limitations to accessing your money. CNB Bank's CD rates are competitive compared to the national average. 

Rates

CNB Bank has a savings rate of 2.02%, which is pretty high as compared against the national average. CNB Bank's one-year and five-year term lengths CD's earn at a rate of 1.00% and 2.26%, respectively, while its highest-yielding money market account has an APY of 0.41%. With a superb savings rate, CNB Bank's savings account is ideal if you want especially for an important life event such as sending your kids to college.

Compare CNB Bank to Other Competitive Offers

Fees

CNB Bank charges customers extremely low fees compared to the average U.S. bank. Its checking account has no monthly fee, rating it excellent for anyone looking for a simple account. 

Financial Health

CNB Bank ranks as a large bank and has $3 billion in assets and $2 billion in deposits. CNB Bank's Texas Ratio is 6.26%, signifying a small opportunity of failure. Additionally, CNB Bank is FDIC-insured, meaning that your money is insured (up to $250,000) even in the event of bank failure.

Find a CNB Bank Near Me

CNB Bank has 41 branches across the U.S.

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