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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 started in 1984 and has its headquarters in Midland, Texas. Community National Bank handles $1 billion in assets as well as deposits totaling $1 billion, classifying it as a medium-size bank. Community National Bank lacks premium access to support representatives, with no options for live chat or all-day service. It is a traditional brick-and-mortar bank with access to service representatives at a physical location, in addition to its online and mobile apps. At a SmartAsset rating of 4.3 stars out of 5, Community National Bank should be solidly in contention for your choice of bank. Community National Bank provides customers with the complete slate of product offerings, including 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 interested in stress-free personal checking, the bank's most basic checking account does not carry a monthly maintenance charge. Using an institution with no-fee checking as well as a high savings APY is the best option for gaining the most income on your deposits alongside easy access to your money.

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 poor in comparison to the average U.S. bank. Community National Bank's one-year CD has a rate of 1.01%, while its highest-yielding money market account has an APY of 0.05%. Given Community National Bank's 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

On average, Community National Bank charges customers extremely low fees compared to the national average. Its checking account has no monthly fee, rating it excellent for anyone looking for a hassle-free account. Community National Bank unfortunately doesn't refund out-of-network ATM fees, meaning you'll need to locate a Community National Bank ATM or pay the withdrawal fee.

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. It also offers access to mobile and web apps for simple access and banking on the go. Community National Bank receives moderately decent ratings from users for its mobile banking services. The Community National Bank mobile app rates a 4.3 out of 5 (with 22 customer reviews on iOS and Android) compared to the national average of 3.8. You can access Community National Bank's mobile app to control your accounts by checking current statements, sending and receiving funds as well as accessing support representatives. Community National Bank receives a superb consumer satisfaction rating 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 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 with $1 billion in assets and $1 billion in deposits. Its Texas Ratio is 10.47%, denoting a small possibility of failure. 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: 1.01% APY
  • 24 Month: 1.16% APY
  • 36 Month: 1.16% APY
$1000 for all terms
Money Market Account 0.05% APY $25000

Community National Bank offers several deposit products including 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 consider 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. Community National Bank's CD rates are fair in comparison to other U.S. banks.

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Find a Community National Bank Near Me

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

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