Founded in 2003, Liberty National Bank has $390 million in assets as well as $337 million in deposits, classifying it as a small bank. Liberty National Bank, whose headquarters are in Sioux City, Iowa, 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 in-person service, in addition to its online and mobile offerings. We gave Liberty National Bank a 4.5 stars out of 5, suggesting it is a superb bank that would be an ideal pick. Liberty National Bank provides customers with a complete array of product offerings, which include savings accounts, checking accounts, money market accounts, CDs, IRAs, mortgage products and credit cards. It has a fair savings rate compared to the average savings account. If you're looking for a checking account for everyday use, Liberty National Bank's standard checking account does not have a monthly fee. Obtaining a checking account with no monthly fee as well as a savings account with a high interest rate at the same bank is the best option for getting the most income from your deposits while having convenient access to your funds.
The overall rating is a weighted average of rates, fees, service quality and financial health.Read more
With a savings rate of 0.20%, Liberty National Bank ranks poorly in comparison to other U.S. banks. Liberty National Bank's one-year CD has a rate of 1.10% and the five-year CD has a rate of 2.30%, while its highest-yielding money market account has a rate of 0.30%. Given its poor savings rate, you should consider opting for higher earning savings accounts with other banks.
How Liberty National Bank's Savings Rates Compare
On average, Liberty National Bank charges its customers extremely low fees in comparison to the national average. With no monthly fee, Liberty National Bank is perfect for people who want a basic checking account. Liberty National Bank unfortunately doesn't refund out-of-network ATM charges, which means you'll be required to search for a Liberty National Bank ATM or pay the ATM charge.
Liberty National Bank is a brick-and-mortar bank, with 12 total branches in Iowa and South Dakota. It also offers access to mobile and web apps for straightforward access and banking on the go. Liberty National Bank receives high marks from customers for its mobile platform. With 52 ratings across both Apple and Android platforms, the Liberty National Bank mobile app is scored at 4.8 out of 5 (compared to the national average of 3.8). Liberty National Bank's mobile app lets you control your finances by checking account balances, transferring funds and reaching support representatives. Liberty National Bank gets a superb consumer satisfaction rating based on comparatively few consumer complaints reported to the Consumer Financial Protection Bureau (CFPB), a government financial agency that protects consumers in the financial sector.
Liberty National Bank is a small bank owning $390 million in assets and $337 million in deposits. Liberty National Bank's Texas Ratio is 0.00%, signifying that the bank is in outstanding financial shape and improbable to fail. Additionally, Liberty 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 Liberty National Bank to Other Competitive Offers
|Product||Current Terms and Rates||Minimum Balance for APY|
|Savings Account||0.2% APY||$1|
|Checking Account||0.05% APY||$100|
|Certificates of Deposit|| ||$10000 for all terms|
|Money Market Accounts||0.2% APY 0.3% APY||$10000 $15000|
Liberty National Bank has several deposit products including savings accounts, checking accounts, money market accounts and CDs to give you many options to manage your money. Liberty 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. Liberty National Bank's CD rates are fair as compared against the national average.Back to Overview
Find a Liberty National Bank Near Me
Liberty National Bank has 12 physical branches in the U.S.Back to Overview