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.
The overall rating is a weighted average of rates, fees, service quality and financial health.Read more
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
There is insufficient data on Eastern National Bank's fees to provide a full SmartAsset rating.
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.
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
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
|Product||Current Terms and Rates||Minimum Balance for APY|
|Savings Account||0.05% APY||$1|
|Checking Account||0.05% APY||$1|
|Certificates of Deposit|| ||$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