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Community National Bank & Trust Review

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Community National Bank & Trust Savings
0.40% APY
1. Overview 2. How We Rated It 3. Products Offered 4. Branch Locations

Overview

Community National Bank & Trust started in 1987 and is headquartered in Chanute, Kansas. Community National Bank & Trust manages assets of $963 million along with $809 million in deposits, classifying it as a medium-size bank. Community National Bank & Trust has above-average access to customer service with all-day support available, which is helpful for those that work during typical customer service hours. It is a conventional brick-and-mortar bank with access to service representatives at a physical location, in addition to its online and mobile apps. Coming in at a commendable 4.1 out of 5 stars, Community National Bank & Trust is a good bank that deserves your consideration. Community National Bank & Trust offers a full array of product offerings, including savings accounts, checking accounts, money market accounts, CDs, IRAs, mortgage products and credit cards. It has a fair savings rate; you can find higher rates with other banks. If you're looking for a checking account for everyday use, Community National Bank & Trust offers an option without a maintenance or monthly fee. Institutions that offer no-fee checking as well as a high interest rate savings account are your best option for gaining the highest income from your deposits while having easy access to your money.

How We Rated It

SmartAsset's Overall Rating

4.1/5
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

Community National Bank & Trust has a savings rate of 0.40%, which is fair in comparison to other U.S. banks. Community National Bank & Trust's one-year CD earns at a rate of 1.05% and the five-year CD has a rate of 2.22%, while its highest-yielding money market account earns at an APY of 0.55%. Given its noncompetitive savings rate, you should consider taking a look at other banks for savings accounts.

How Community National Bank & Trust's Savings Rates Compare

Community National Bank & Trust Savings 0.40 National Average 0.26 Compare Offers
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Fees

5.0
SmartAsset Average: 4.4

Community National Bank & Trust typically has extremely low fees in comparison to the national average. Community National Bank & Trust's checking account has no monthly fee, making it excellent for anyone looking for a hassle-free account. Community National Bank & Trust does not refund out-of-network ATM charges, which means you will be required to search for a Community National Bank & Trust ATM or eat 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

3.8
SmartAsset Average: 3.7

Community National Bank & Trust is a brick-and-mortar bank, with 33 total bank locations in Kansas and Missouri. With mobile and web apps, Community National Bank & Trust makes mobile banking straightforward, even on the go. It offers all-day customer service. Community National Bank & Trust gets inferior feedback from users for its online presence. With 95 customer reviews on both iOS and Android platforms, the Community National Bank & Trust mobile app is scored at 3.3 out of 5 (compared to the national average of 3.8). Community National Bank & Trust's mobile app lets you manage your bank accounts by monitoring current statements, transferring money and accessing customer service. Community National Bank & Trust gets an exceptional consumer satisfaction score based on relatively few complaints brought to the Consumer Financial Protection Bureau (CFPB), a government-sponsored consumer protection agency.

Overall Mobile Rating 3.3/5
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 & Trust is a medium-size bank with $963 million in assets and deposits totaling $809 million. Its Texas Ratio is 7.70%, indicating that Community National Bank & Trust is in good financial health and improbable to fail. Additionally, Community National Bank & Trust is FDIC-insured, meaning that your money is insured up to $250,000, even in the event of bank failure.

Texas Ratio Analysis

7.7%
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 & Trust to Other Competitive Offers

Products Offered

Product Current Terms and Rates Minimum Balance for APY
Savings Account 0.4% APY $100
Checking Account 0.47% APY $900
Certificates of Deposit
  • 12 Month: 1.05% APY
  • 24 Month: 1.65% APY
  • 36 Month: 1.70% APY
  • 48 Month: 1.85% APY
  • 60 Month: 2.22% APY
$1000 for all terms
Money Market Account 0.47% APY $900

Community National Bank & Trust 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 & Trust does not have the best savings rate, which means you should consider 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 & Trust's CD rates are fair compared to other U.S. banks.

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Find a Community National Bank & Trust Near Me

Community National Bank & Trust has 33 locations in the U.S.

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