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LCNB National Bank Review

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LCNB National Bank Savings
0.30% APY
1. Overview 2. How We Rated It 3. Products Offered 4. Branch Locations

Overview

LCNB National Bank was founded in 1877 and has its headquarters in Lebanon, Ohio. It owns assets of $1 billion as well as $1 billion in deposits, which makes it a medium-size bank. LCNB National Bank lacks premium access to customer service, with no options for live chat or all-day service. It is a conventional brick-and-mortar bank with in-person service, in addition to its online and mobile offerings. SmartAsset has rated the bank 4.1 stars out of 5, which means LCNB National Bank is a respectable bank that deserves your consideration. LCNB National Bank has a complete selection of banking products, which include savings accounts, checking accounts, money market accounts, CDs, IRAs, mortgage products and credit cards. It has a fair savings rate; other popular banks have higher rates. If you're interested in stress-free personal checking, LCNB National Bank's most basic checking account does not carry a monthly maintenance fee. Institutions that offer free checking and a high savings APY are your best bet for returning the highest income on your deposits while maintaining easy access to your money.

How We Rated It

SmartAsset's Overall Rating

4.1/5
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

LCNB National Bank has a savings rate of 0.30%, which is poor compared to the national average. Its CDs feature a rate of 0.60% and 1.25% for the one-year and five-year term lengths, respectively, while its highest-yielding money market account earns at a rate of 0.20%. Given LCNB National Bank's noncompetitive savings rate, you should think about taking a look at other banks for savings accounts.

How LCNB National Bank's Savings Rates Compare

LCNB National Bank Savings 0.30 National Average 0.26 Compare Offers
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Fees

4.5
SmartAsset Average: 4.4

LCNB National Bank charges its customers low fees compared to the national average. With no monthly fee, LCNB National Bank is ideal for those who want a basic banking experience. Additionally, at $35.00, LCNB National Bank has a lower overdraft fee compared to the national average. LCNB National Bank doesn't refund out-of-network ATM fees, which means you will need to locate a LCNB National Bank ATM or accept the withdrawal fee.

Monthly Fee $0 National Average: $3.21
Non-network ATM Fee N/A National Average: $1.20
Overdraft Fee $35.00 National Average: $35.00
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Service Quality

3.6
SmartAsset Average: 3.7

LCNB National Bank is a brick-and-mortar bank, with 36 total branches in Ohio. With mobile and web apps, LCNB National Bank makes mobile banking convenient, even on the go. LCNB National Bank receives inferior feedback from users for its mobile banking services. The LCNB National Bank mobile app is rated at 3.4 out of 5 (with 59 ratings on iOS and Android) compared to the national average of 3.8. LCNB National Bank's mobile app allows you to control your funds by checking current statements, transferring funds as well as accessing support representatives. LCNB National Bank receives a superb consumer satisfaction rating based on comparatively few consumer complaints brought to the Consumer Financial Protection Bureau (CFPB), a government-backed consumer protection agency.

Overall Mobile Rating 3.4/5
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

LCNB National Bank is a medium-size bank and owns $1 billion in assets as well as $1 billion in deposits. It has an excellent Texas Ratio of 1.95%, suggesting a minute chance of failure. Additionally, LCNB 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 LCNB National Bank to Other Competitive Offers

Products Offered

Product Current Terms and Rates Minimum Balance for APY
Savings Account 0.3% APY $1
Certificates of Deposit
  • 12 Month: 0.60% APY
  • 24 Month: 0.85% APY
  • 36 Month: 1.01% APY
  • 48 Month: 1.15% APY
  • 60 Month: 1.25% APY
$1000 for all terms

LCNB National Bank has several deposit products including savings accounts, checking accounts, money market accounts and CDs that provide you with many options to manage your money. LCNB National Bank 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. LCNB National Bank's CD rates are fair in comparison to other U.S. banks.

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Find a LCNB National Bank Near Me

LCNB National Bank has 36 branches in the U.S.

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