Started in 1995, Heritage Bank of Nevada has $823 million in assets along with $730 million in deposits, ranking the institution as a medium-size bank. Heritage Bank of Nevada, whose headquarters are in Reno, Nevada, lacks premium access to customer service, 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 offerings. With a score of 4.4 stars out of 5, Heritage Bank of Nevada should be solidly in contention for your choice of bank. Heritage Bank of Nevada provides customers with a varied choice of banking products, which include savings accounts, checking accounts, money market accounts, CDs, IRAs and mortgage products. It has a fair savings rate compared to the average savings account. If you're interested in stress-free personal checking, Heritage Bank of Nevada offers an option without a monthly fee. Using an institution with no-fee checking as well as a high interest rate savings account is your best bet for getting the most income from your deposits while having easy access to your money.
The overall rating is a weighted average of rates, fees, service quality and financial health.Read more
Heritage Bank of Nevada has a savings rate of 0.20%, which is poor compared to other U.S. banks. Heritage Bank of Nevada's one-year and five-year term lengths CDs earn at a rate of 0.35% and 0.90%, respectively, while its highest-yielding money market account has a rate of 0.35%. Given its below average savings rate, you should think about looking elsewhere to open savings accounts.
How Heritage Bank of Nevada's Savings Rates Compare
Heritage Bank of Nevada has generally extremely low fees in comparison to the average U.S. bank. Its checking account has no monthly fee, making it excellent for anyone looking for a hassle-free account. Heritage Bank of Nevada doesn't reimburse out-of-network ATM charges, which means you will be required to find a Heritage Bank of Nevada ATM or pay the fee.
Heritage Bank of Nevada is a brick-and-mortar bank, with eight total bank locations in Nevada. With mobile and web apps, Heritage Bank of Nevada makes mobile banking convenient, even on the go. Heritage Bank of Nevada receives positive scores from customers for its mobile banking services. The Heritage Bank of Nevada mobile app scored a 5.0 out of 5 (out of 3 reviews on Apple and Android) compared to the national average of 3.8. Heritage Bank of Nevada's mobile app allows you to control your accounts by reviewing monthly statements, transferring funds as well as reaching support representatives. Heritage Bank of Nevada gets an excellent consumer satisfaction rating based on comparatively few consumer complaints registered with the Consumer Financial Protection Bureau (CFPB), a government agency that protects consumers in the financial sector.
Heritage Bank of Nevada ranks as a medium-size bank with assets totaling $823 million as well as $730 million in deposits. Heritage Bank of Nevada has an excellent Texas Ratio of 3.26%, indicating a negligible probability of failure. Additionally, Heritage Bank of Nevada 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 Heritage Bank of Nevada to Other Competitive Offers
|Product||Current Terms and Rates||Minimum Balance for APY|
|Savings Account||0.2% APY||$100|
|Checking Account||0.1% APY||$1500|
|Certificates of Deposit|| ||$10000 for all terms|
|Money Market Account||0.25% APY||$10000|
Heritage Bank of Nevada has several deposit products like savings accounts, checking accounts, money market accounts and CDs to give you many options to manage your money. Heritage Bank of Nevada does not have the best savings rate, which means you should consider 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. Heritage Bank of Nevada's CD rates are fair compared to the average U.S. bank.Back to Overview
Find a Heritage Bank of Nevada Near Me
Heritage Bank of Nevada has eight branches across the U.S.Back to Overview