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Community National Bank Review

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


Community National Bank first started operating in 1984 with its headquarters in Midland, Texas. It handles $1 billion in assets along with deposits totaling $1 billion, classifying it as a medium-size bank. Community National Bank lacks premium access to support representatives, with no live chat or all-day service options available. It is a conventional brick-and-mortar bank with in-person service, in addition to its online and mobile offerings. On the whole, Community National Bank is a solid pick to be your bank, with a score of 4.3 out of 5 stars from our team. Community National Bank has the complete package of product offerings, which include savings accounts, checking accounts, money market accounts, CDs, IRAs and mortgage products. Community National Bank has a fair savings rate; other popular banks have higher rates. If you're looking for a checking account for everyday use, the bank's standard checking does not have a monthly maintenance charge. Using an institution with free checking and a high savings APY is the best bet for accruing the highest income on your deposits while having easy access to your funds.

How We Rated It

SmartAsset's Overall Rating

National Average: 4.1

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


SmartAsset Average: 3.5

Community National Bank features a savings rate of 0.15%, which is fair compared to the average U.S. bank. Community National Bank's one-year CD earns at a rate of 1.20%, while its highest-yielding money market account earns at an APY of 0.05%. Given its poor savings rate, you should consider opting for higher earning savings accounts with other banks.

How Community National Bank's Savings Rates Compare

Community National Bank Savings 0.15 National Average 0.26 Compare Offers
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SmartAsset Average: 4.4

Community National Bank typically has extremely low fees as compared against the national average. Its checking account has no monthly fee, ranking it excellent for anyone looking for a hassle-free account. Community National Bank does not reimburse out-of-network ATM fees, which means you'll have to find a Community National Bank ATM or accept the cost of withdrawal.

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

SmartAsset Average: 3.7

Community National Bank is a brick-and-mortar bank, with 10 total branches in Texas. With mobile and web apps, Community National Bank makes account access convenient, even on the go. Community National Bank receives reasonably good feedback from customers for its mobile app. The Community National Bank mobile app is rated at 4.3 out of 5 (with 22 reviews on iOS and Android) compared to the national average of 3.8. Community National Bank's mobile app lets you control your funds by monitoring monthly statements, sending and receiving money and accessing customer service. Community National Bank receives a superb consumer satisfaction score due to comparatively few consumer complaints brought to the Consumer Financial Protection Bureau (CFPB), a government agency that protects consumers in the financial sector.

Overall Mobile Rating 4.3/5
Consumer Satisfaction Rating 5.0/5
Online Banking Portal No
Live Chat No
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Financial Health

SmartAsset Average: 4.8

Community National Bank ranks as a medium-size bank owning assets totaling $1 billion as well as $1 billion in deposits. Community National Bank has a strong Texas Ratio of 10.47%, indicating that the bank is in fine financial shape and unlikely to fail. Additionally, Community National Bank is FDIC-insured, meaning that your money is insured up to $250,000, even in the event of bank failure.

Texas Ratio Analysis

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 Community National Bank to Other Competitive Offers

Products Offered

Product Current Terms and Rates Minimum Balance for APY
Savings Account 0.15% APY $100
Checking Account 0.05% APY $300
Certificates of Deposit
  • 12 Month: 1.20% APY
  • 24 Month: 1.35% APY
  • 36 Month: 1.35% APY
$1000 for all terms
Money Market Account 0.05% APY $25000

Community National Bank has several deposit products like savings accounts, checking accounts, money market accounts and CDs that provide you with many options to manage your money. Community National Bank does not have the best savings rate, which means you should think about 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. Community National Bank's CD rates are fair in comparison to the national average.

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Find a Community National Bank Near Me

Community National Bank has 10 locations across the U.S.

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