Loading
Tap on the profile icon to edit
your financial details.

Eastern National Bank Review

Your Details Done
by Updated
We maintain strict editorial integrity in our writing and assessments. This post contains links from our advertisers, and we may receive compensation when you click these links. Any opinions, analyses, reviews or recommendations expressed in this article are those of the author’s alone. | Advertiser Disclosure We maintain strict editorial integrity in our writing and assessments. This post contains links from our advertisers, and we may receive compensation when you click these links. Any opinions, analyses, reviews or recommendations expressed in this article are those of the author’s alone. | Advertiser Disclosure
Eastern National Bank Savings
0.05% APY
1. Overview 2. How We Rated It 3. Products Offered 4. Branch Locations

Overview

Eastern National Bank was founded in 1969 with its headquarters in Miami, Florida. It owns $447 million in assets as well as deposits totaling $370 million, ranking it as a medium-size bank. Eastern 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 in-person service, in addition to its online and mobile offerings. Coming in at an average 3.5 out of 5 stars, Eastern National Bank is a bank with better alternatives. Eastern National Bank has multiple product offerings, which include savings accounts, checking accounts, money market accounts and mortgage products. It has a fair savings rate; you can find higher rates with other banks. Finding a checking account with no monthly fee, in addition to a savings account with a high interest rate at the same bank is the best option for returning the most income on your deposits alongside easy access to your money.

How We Rated It

SmartAsset's Overall Rating

3.5/5
National Average: 4.1

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

Rates

3.1
SmartAsset Average: 3.5

Eastern National Bank features a savings rate of 0.05%, which is fair as compared against the national average. Its one-year CD has a rate of 0.60% and the five-year CD earns at a rate of 1.00%, while its highest-yielding money market account earns at a rate of 0.05%. Given its noncompetitive savings rate, you should think about opting for higher earning savings accounts with other banks.

How Eastern National Bank's Savings Rates Compare

Eastern National Bank Savings 0.05 National Average 0.26 Compare Offers
Back to Overview

Fees

NR
SmartAsset Average: 4.4

There is insufficient data on Eastern 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
Back to Overview

Service Quality

2.5
SmartAsset Average: 3.7

Eastern National Bank is a brick-and-mortar bank, with five total bank locations in Florida. It also offers access to a web app, for an easy online-banking experience. Eastern National Bank receives a superb consumer satisfaction rating based on relatively few complaints brought to the Consumer Financial Protection Bureau (CFPB), a government-backed consumer protection agency.

Overall Mobile Rating NR
Consumer Satisfaction Rating 5.0/5
Online Banking Portal No
Live Chat No
Back to Overview

Financial Health

4.8
SmartAsset Average: 4.8

Eastern National Bank ranks as a medium-size bank owning $447 million in assets as well as deposits totaling $370 million. Its Texas Ratio is 4.36%, suggesting a negligible chance of failure. Additionally, Eastern 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

4.36%
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.

Back to Overview

Compare Eastern National Bank to Other Competitive Offers

Products Offered

Product Current Terms and Rates Minimum Balance for APY
Savings Account 0.05% APY $1
Checking Account 0.05% APY $1
Certificates of Deposit
  • 12 Month: 0.60% APY
  • 24 Month: 1.00% APY
  • 60 Month: 1.00% APY
$2500 for all terms
Money Market Accounts 0.05% APY 0.05% APY $10000 $15000

Eastern National Bank has several deposit products including savings accounts, checking accounts and money market accounts that provide you with many options to manage your money. Eastern National Bank 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. Eastern National Bank's CD rates are fair compared to the average U.S. bank.

Back to Overview

Find a Eastern National Bank Near Me

Eastern National Bank has five physical locations across the U.S.

Back to Overview
Save more with these rates that beat the National Average
Unfortunately, we are currently unable to find savings account that fit your criteria. Please change your search criteria and try again.
Searching for accounts...
Ad Disclosure
Unfortunately, we are currently unable to find savings account that fit your criteria. Please change your search criteria and try again.
Searching for accounts...
Ad Disclosure