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Community National Bank Review

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Community National Bank Savings
0.10% APY
1. Overview 2. How We Rated It 3. Products Offered 4. Branch Locations

Overview

Community National Bank first started operating in 1851 and its headquarters are located in Derby, Vermont. Community National Bank manages assets of $666 million as well as deposits totaling $561 million, classifying it as a medium-size bank. Community National Bank lacks premium access to customer service, with no live chat or all-day service options available. 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 3.8 stars out of 5, Community National Bank should be near the middle of the pack in your search for a bank. Community National Bank offers a complete choice of product offerings, 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. Locating an institution with free checking, in addition to a high savings APY is the best bet for accruing the most income from your deposits while having easy access to your money.

How We Rated It

SmartAsset's Overall Rating

3.8/5
National Average: 4.1

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

Rates

3.0
SmartAsset Average: 3.5

With a savings rate of 0.10%, Community National Bank ranks poorly in comparison to the average U.S. bank. Its one-year CD has a rate of 0.45% and the five-year CD earns at a rate of 1.02%, while its highest-yielding money market account has an APY of 0.25%. 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 0.10 National Average 0.26 Compare Offers
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Fees

NR
SmartAsset Average: 4.4

There is insufficient data on Community National Bank's fees to provide a full SmartAsset rating.

Monthly Fee N/A 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

3.7
SmartAsset Average: 3.7

Community National Bank is a brick-and-mortar bank, with 12 total branches in Vermont. It also offers access to mobile and web apps for straightforward access and banking on the go. Community National Bank's online and mobile banking platforms receive fair scores from customers. With 23 customer reviews across iOS and Android platforms, the Community National Bank mobile app rates a 3.6 out of 5 (compared to the national average of 3.8). You can use Community National Bank's mobile app to control your funds by looking at account balances, transferring funds and reaching support representatives. Community National Bank gets a superb consumer satisfaction rating based on comparatively few complaints brought to the Consumer Financial Protection Bureau (CFPB), a government-sponsored consumer protection agency.

Overall Mobile Rating 3.6/5
Consumer Satisfaction Rating 5.0/5
Online Banking Portal No
Live Chat No
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Financial Health

4.7
SmartAsset Average: 4.8

Community National Bank is currently a medium-size bank and has assets totaling $666 million and $561 million in deposits. Its Texas Ratio is 6.03%, indicating a tiny opportunity 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

6.03%
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 0.1% APY $100
Checking Account 0.05% APY $500
Certificates of Deposit
  • 12 Month: 0.45% APY
  • 24 Month: 0.53% APY
  • 36 Month: 0.68% APY
  • 48 Month: 0.87% APY
  • 60 Month: 1.02% APY
$10000 for all terms
Money Market Accounts 0.25% APY 0.25% APY $10000 $15000

Community National Bank has 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 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. 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 12 physical locations across the U.S.

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