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Heartland National Bank Review

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Heartland National Bank Savings
0.10% APY
1. Overview 2. How We Rated It 3. Products Offered 4. Branch Locations

Overview

Started in 1999, Heartland National Bank has $374 million in assets along with deposits totaling $337 million, making the institution a small bank. Heartland National Bank, whose headquarters are in Sebring, Florida, 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 access to service representatives at a physical location, in addition to its online and mobile offerings. Coming in at an average 3.8 out of 5 stars, Heartland National Bank is an acceptable bank choice, but may leave you wanting more. Heartland National Bank has a mixture of banking products, which include savings accounts, checking accounts, money market accounts, CDs and IRAs. It has a fair savings rate compared to the average savings account. The bank's standard checking product carries a monthly fee of $5.00, although banks sometimes have requirements that allow you to waive the fee. Banks that offer no-fee checking, in addition to a high interest rate savings account are the best option for returning the most income on your deposits alongside convenient access to your money.

How We Rated It

SmartAsset's Overall Rating

3.8/5
National Average: 4.1

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

Rates

3.4
SmartAsset Average: 3.5

With a savings rate of 0.10%, Heartland National Bank ranks poorly compared to other U.S. banks. Its CDs feature a rate of 1.25% and 2.00% for the one-year and five-year term lengths, respectively, while its highest-yielding money market account earns at a rate of 0.30%. Given its noncompetitive savings rate, you should consider opting for higher earning savings accounts with other banks.

How Heartland National Bank's Savings Rates Compare

Heartland National Bank Savings 0.10 National Average 0.26 Compare Offers
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Fees

3.0
SmartAsset Average: 4.4

Heartland National Bank charges its customers high fees compared to the average U.S. bank. At $5.00 per month, Heartland National Bank's checking account is not great for people who need an easy checking account. Heartland National Bank unfortunately does not refund out-of-network ATM charges, which means you'll have to locate a Heartland National Bank ATM or eat the withdrawal fee.

Monthly Fee $5.00 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

3.7
SmartAsset Average: 3.7

Heartland National Bank is a brick-and-mortar bank, with four total bank locations in Florida. It also offers access to mobile and web apps for an easy mobile-banking experience. Heartland National Bank receives fair reviews from users for its online presence. With 14 ratings on iOS and Android platforms, the Heartland National Bank mobile app has an overall rating of 3.5 out of 5 (compared to the national average of 3.8). Heartland National Bank's mobile app lets you control your accounts by looking at current statements, sending and receiving funds and reaching customer service. Heartland National Bank gets a superb consumer satisfaction score due to comparatively few consumer complaints brought to the Consumer Financial Protection Bureau (CFPB), a government-backed consumer protection agency.

Overall Mobile Rating 3.5/5
Consumer Satisfaction Rating 5.0/5
Online Banking Portal No
Live Chat No
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Financial Health

5.0
SmartAsset Average: 4.8

Heartland National Bank is a small bank and handles assets totaling $374 million and $337 million in deposits. It has an excellent Texas Ratio of 0.60%, signifying a low probability of failure. Additionally, Heartland 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.

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Compare Heartland National Bank to Other Competitive Offers

Products Offered

Product Current Terms and Rates Minimum Balance for APY
Savings Account 0.1% APY $1
Checking Account 0.05% APY $1000
Certificates of Deposit
  • 12 Month: 1.25% APY
  • 24 Month: 1.50% APY
  • 36 Month: 1.60% APY
  • 48 Month: 1.70% APY
  • 60 Month: 2.00% APY
$1000 for all terms
Money Market Accounts 0.15% APY 0.3% APY $10000 $15000

Heartland National Bank has several deposit products like savings accounts, checking accounts, money market accounts and CDs to give you many options to manage your money. Heartland 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. Heartland National Bank's CD rates are fair in comparison to the average U.S. bank.

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Find a Heartland National Bank Near Me

Heartland National Bank has four physical locations across the U.S.

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