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Community National Bank Review

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Community National Bank Savings
0.20% APY
1. Overview 2. How We Rated It 3. Products Offered 4. Branch Locations

Overview

Started in 1984, Community National Bank has assets totaling $436 million along with $391 million in deposits, ranking the institution as a medium-size bank. Community National Bank, whose headquarters are in Seneca, Kansas, lacks premium access to support representatives, with no live chat or all-day service options available. It is a traditional brick-and-mortar bank with in-person service, in addition to its online and mobile offerings. With a commendable 4.4 stars out of 5, Community National Bank is a solid pick to be your bank. Community National Bank offers a diverse array of banking products, including savings accounts, checking accounts, money market accounts, CDs, IRAs, mortgage products and credit cards. It has a fair savings rate compared to the average savings account. If you're interested in stress-free personal checking, Community National Bank's standard checking account does not have a monthly fee. Banks that offer free checking and a high savings APY are the best option for gaining the highest income on your deposits alongside easy access to your money.

How We Rated It

SmartAsset's Overall Rating

4.4/5
National Average: 4.1

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

Rates

3.6
SmartAsset Average: 3.5

With a savings rate of 0.20%, Community National Bank ranks poorly in comparison to the average U.S. bank. Its one-year CD earns at a rate of 1.25% and the five-year CD has a rate of 1.70%, while its highest-yielding money market account earns at an APY of 0.55%. Given Community National Bank's noncompetitive savings rate, you should think about choosing another bank to earn more on your deposits.

How Community National Bank's Savings Rates Compare

Community National Bank Savings 0.20 National Average 0.26 Compare Offers
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Fees

5.0
SmartAsset Average: 4.4

Community National Bank generally has extremely low 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. Community National Bank doesn't reimburse out-of-network ATM fees, meaning you'll need to locate 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

4.2
SmartAsset Average: 3.7

Community National Bank is a brick-and-mortar bank, with four total branches in Kansas. It also offers access to mobile and web apps for a simple mobile-banking experience. Community National Bank's online and mobile banking services get high marks from customers. The Community National Bank mobile app scored a 4.5 out of 5 (out of 10 reviews on iOS and Android) compared to the national average of 3.8. Community National Bank's mobile app allows you to manage your finances by monitoring account balances, sending and receiving money and reaching customer service. Community National Bank receives an exceptional consumer satisfaction score based on comparatively few complaints reported to the Consumer Financial Protection Bureau (CFPB), a government financial agency that protects consumers in the financial sector.

Overall Mobile Rating 4.5/5
Consumer Satisfaction Rating 5.0/5
Online Banking Portal No
Live Chat No
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Financial Health

4.9
SmartAsset Average: 4.8

Community National Bank is a medium-size bank owning $436 million in assets as well as $391 million in deposits. Community National Bank has an excellent Texas Ratio of 2.10%, indicating that the bank is in superb financial condition 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

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 0.2% APY $50
Certificates of Deposit
  • 12 Month: 1.25% APY
  • 24 Month: 1.75% APY
  • 36 Month: 2.10% APY
  • 48 Month: 1.60% APY
  • 60 Month: 1.70% APY
$5000 for all terms
Money Market Accounts 0.4% APY 0.55% APY $10000 $15000

Community National Bank offers 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 average U.S. bank.

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Find a Community National Bank Near Me

Community National Bank has four physical locations across the U.S.

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