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Glens Falls National Bank and Trust Company Review

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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
Glens Falls National Bank and Trust Company Savings
0.05% APY
1. Overview 2. How We Rated It 3. Products Offered 4. Branch Locations

Overview

Started in 1851, Glens Falls National Bank and Trust Company has assets totaling $2 billion and $2 billion in deposits, ranking it as a large bank. Glens Falls National Bank and Trust Company, whose headquarters are in Glens Falls, New York, lacks premium access to support representatives, with no live chat or all-day service options available. 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. With a score of 4.3 stars out of 5, Glens Falls National Bank and Trust Company should be solidly in contention for your choice of bank. Glens Falls National Bank and Trust Company provides customers with a full selection of product offerings, which include savings accounts, checking accounts, money market accounts, CDs, IRAs, brokerage accounts, mortgage products and credit cards. Glens Falls National Bank and Trust Company has a fair savings rate compared to the average savings account. If you're looking for a checking account for everyday use, the bank's standard checking account does not carry a monthly charge. Finding a checking account with no monthly fee and a savings account with a high interest rate at the same bank is the best bet for accruing the most income on your deposits while having convenient access to your funds.

How We Rated It

SmartAsset's Overall Rating

4.3/5
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

Glens Falls National Bank and Trust Company has a savings rate of 0.05%, which is poor in comparison to other U.S. banks. Glens Falls National Bank and Trust Company's one-year and five-year term lengths CDs earn at a rate of 0.50% and 1.11%, respectively, while its highest-yielding money market account has a rate of 0.15%. Given Glens Falls National Bank and Trust Company's noncompetitive savings rate, you should think about other options to earn more on your deposits.

How Glens Falls National Bank and Trust Company's Savings Rates Compare

Glens Falls National Bank and Trust Company Savings 0.05 National Average 0.26 Compare Offers
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Fees

5.0
SmartAsset Average: 4.4

Glens Falls National Bank and Trust Company has generally extremely low fees compared to other U.S. banks. With no monthly fee, Glens Falls National Bank and Trust Company is perfect for those who want a basic banking experience. Glens Falls National Bank and Trust Company doesn't refund out-of-network ATM fees, meaning you'll need to find a Glens Falls National Bank and Trust Company ATM or accept the ATM charge.

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

4.3
SmartAsset Average: 3.7

Glens Falls National Bank and Trust Company is a brick-and-mortar bank, with 30 total branches in New York. With mobile and web apps, Glens Falls National Bank and Trust Company makes account access easy, even on the go. Glens Falls National Bank and Trust Company gets high marks from customers for its mobile banking services. Out of 1,200 ratings on Apple and Android platforms, the Glens Falls National Bank and Trust Company mobile app has an overall rating of 4.6 out of 5 (compared to the national average of 3.8). Glens Falls National Bank and Trust Company's mobile app allows you to manage your bank accounts by reviewing account balances, sending and receiving money as well as accessing support representatives. Glens Falls National Bank and Trust Company gets an excellent consumer satisfaction score due to comparatively few consumer complaints filed with the Consumer Financial Protection Bureau (CFPB), a government financial agency that protects consumers in the financial sector.

Overall Mobile Rating 4.6/5
Consumer Satisfaction Rating 5.0/5
Online Banking Portal No
Live Chat No
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Financial Health

4.9
SmartAsset Average: 4.8

Glens Falls National Bank and Trust Company ranks as a large bank and has $2 billion in assets and deposits totaling $2 billion. Glens Falls National Bank and Trust Company's Texas Ratio is 2.87%, denoting that the bank is in superb financial health and unlikely to fail. Additionally, Glens Falls National Bank and Trust Company 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.

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Compare Glens Falls National Bank and Trust Company to Other Competitive Offers

Products Offered

Product Current Terms and Rates Minimum Balance for APY
Savings Account 0.05% APY $100
Checking Account 0.05% APY $250
Certificates of Deposit
  • 12 Month: 0.50% APY
  • 24 Month: 0.90% APY
  • 36 Month: 1.01% APY
  • 48 Month: 1.06% APY
  • 60 Month: 1.11% APY
$1000 for all terms
Money Market Accounts 0.1% APY 0.15% APY $10000 $15000

Glens Falls National Bank and Trust Company has several deposit products including savings accounts, checking accounts, money market accounts and CDs to give you many options to manage your money. Glens Falls National Bank and Trust Company 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. Glens Falls National Bank and Trust Company's CD rates are fair as compared against the national average.

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Find a Glens Falls National Bank and Trust Company Near Me

Glens Falls National Bank and Trust Company has 30 physical branches across the U.S.

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