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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

Established in 1987, Community National Bank & Trust has assets totaling $963 million as well as deposits totaling $809 million, classifying it as a medium-size bank. Community National Bank & Trust, whose headquarters are in Chanute, Kansas, 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 in-person service, in addition to its online and mobile offerings. Coming in at a commendable 4.1 stars out of 5, Community National Bank & Trust proves it is a good bank that gets the job done. Community National Bank & Trust offers a mixture of banking products, which include savings accounts, checking accounts, money market accounts, CDs, IRAs, mortgage products and credit cards. Community National Bank & Trust has a fair savings rate; you can find higher rates with other banks. If you're interested in stress-free personal checking, Community National Bank & Trust's standard checking does not carry a monthly maintenance fee. Locating a checking account with no monthly fee, in addition to a savings account with a high APY at the same institution is your best option for returning the most income on your deposits while maintaining 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 features a savings rate of 0.40%, which is fair compared to other U.S. banks. Community National Bank & Trust's one-year CD has a rate of 1.51% and the five-year CD has a rate of 2.55%, while its highest-yielding money market account has a rate of 0.55%. Given Community National Bank & Trust's below average savings rate, you should think about choosing another bank to earn more on your deposits.

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 generally has extremely low fees in comparison to other U.S. banks. With no monthly fee, Community National Bank & Trust is perfect for those who want a simple banking experience. Community National Bank & Trust unfortunately does not refund out-of-network ATM fees, meaning you will have to search for a Community National Bank & Trust ATM or accept 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

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. It also offers access to mobile and web apps for simple access and banking on the go. It provides all-day access to representatives. Community National Bank & Trust's online and mobile banking services receive mediocre scores from users. The Community National Bank & Trust mobile app has an overall rating of 3.3 out of 5 (with 95 customer reviews on Apple and Android) compared to the national average of 3.8. You can access Community National Bank & Trust's app to control your bank accounts by checking monthly statements, transferring funds and accessing support representatives. Community National Bank & Trust receives an exceptional consumer satisfaction rating due to comparatively few complaints reported to the Consumer Financial Protection Bureau (CFPB), a government agency that protects consumers in the financial sector.

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 ranks as a medium-size bank with assets totaling $963 million and $809 million in deposits. Its Texas Ratio is 7.70%, indicating that Community National Bank & Trust is in good financial well-being and far from failure. 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 1.1% APY $1
Certificates of Deposit
  • 12 Month: 1.51% APY
  • 24 Month: 2.00% APY
  • 36 Month: 2.25% APY
  • 48 Month: 2.35% APY
  • 60 Month: 2.55% APY
$1000 for all terms
Money Market Accounts 0.47% APY 0.55% APY $10000 $15000

Community National Bank & Trust has several deposit products including savings accounts, checking accounts, money market accounts and CDs to give you many options to manage your money. Community National Bank & Trust does not have the best savings rate, which means you should think about 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 & Trust's CD rates are fair compared to the average U.S. bank.

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Find a Community National Bank & Trust Near Me

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

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