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Los Alamos National Bank Review

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Los Alamos National Bank Savings
0.05% APY
1. Overview 2. How We Rated It 3. Products Offered 4. Branch Locations

Overview

Los Alamos National Bank started in 1963 and has its headquarters in Los Alamos, New Mexico. Los Alamos National Bank owns assets of $1 billion along with deposits totaling $1 billion, ranking it as a medium-size bank. Los Alamos National Bank lacks premium access to customer service, 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 apps. Overall, Los Alamos National Bank is a decent choice, but with better options out there, with a rating of 3.8 out of 5 stars from our team. Los Alamos National Bank has an array product offerings, including savings accounts, checking accounts, CDs, IRAs and mortgage products. Los Alamos National Bank has a fair savings rate compared to the average savings account. Finding an institution with no-fee checking as well as a high savings APY is your best option for gaining the highest income on your deposits while maintaining convenient access to your funds.

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

3.2
SmartAsset Average: 3.5

Los Alamos National Bank features a savings rate of 0.05%, which is poor in comparison to other U.S. banks. Los Alamos National Bank's one-year CD earns at a rate of 0.80% and the five-year CD has a rate of 1.31%, while its highest-yielding money market account has an APY of 0.05%. Given Los Alamos National Bank's noncompetitive savings rate, you should think about taking a look at other banks for savings accounts.

How Los Alamos National Bank's Savings Rates Compare

Los Alamos National Bank Savings 0.05 National Average 0.26 Compare Offers
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Fees

4.2
SmartAsset Average: 4.4

Los Alamos National Bank charges customers average fees compared to other U.S. banks. For those who use cash often, Los Alamos National Bank is fair because it has an out-of-network ATM fee of $1.50, which is reasonable compared to the average U.S. bank. Additionally, it has an overdraft fee of $33.00, which is lower than the national average. Los Alamos National Bank doesn't reimburse out-of-network ATM fees, which means you'll need to search for a Los Alamos National Bank ATM or eat the cost of withdrawal.

Monthly Fee N/A National Average: $3.21
Non-network ATM Fee $1.50 National Average: $1.20
Overdraft Fee $33.00 National Average: $35.00
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Service Quality

3.6
SmartAsset Average: 3.7

Los Alamos National Bank is a brick-and-mortar bank, with six total bank locations in New Mexico. With mobile and web apps, Los Alamos National Bank makes mobile banking easy, even on the go. It does not have all-day customer service with actual service representatives. You can get help during its hours, which are Monday through Thursday, 9:00 a.m. to 5 p.m. MT; Friday, 9:00 a.m. to 6:00 p.m. MT; Saturday, and 9:00 a.m. to 12:00 p.m. MT. Los Alamos National Bank's online and mobile banking platforms get poor scores from customers. The Los Alamos National Bank mobile app has been given a 3.3 out of 5 (with 29 customer reviews on iOS and Android) compared to the national average of 3.8. Los Alamos National Bank's mobile app lets you control your bank accounts by monitoring account balances, sending and receiving money as well as reaching customer service. Los Alamos National Bank gets a superb consumer satisfaction rating due to relatively few complaints brought to the Consumer Financial Protection Bureau (CFPB), a government-sponsored consumer protection agency.

Overall Mobile Rating 3.3/5
Consumer Satisfaction Rating 5.0/5
Online Banking Portal No
Live Chat No
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Financial Health

4.2
SmartAsset Average: 4.8

Los Alamos National Bank ranks as a medium-size bank and handles $1 billion in assets and $1 billion in deposits. It has a strong Texas Ratio of 17.53%, denoting that the bank is in good financial well-being and unlikely to fail. Additionally, Los Alamos 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

17.53%
High Risk 75% 50% 20% 10% Low Risk

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 Los Alamos National Bank to Other Competitive Offers

Products Offered

Product Current Terms and Rates Minimum Balance for APY
Savings Account 0.05% APY $1
Checking Account 0.01% APY $1
Certificates of Deposit
  • 12 Month: 0.80% APY
  • 24 Month: 0.90% APY
  • 36 Month: 1.00% APY
  • 48 Month: 1.11% APY
  • 60 Month: 1.31% APY
$500 for all terms
Money Market Accounts 0.01% APY 0.05% APY $10000 $15000

Los Alamos National Bank offers several deposit products including savings accounts, checking accounts and CDs that provide you with many options to manage your money. Los Alamos 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. Los Alamos National Bank's CD rates are fair compared to the national average.

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Find a Los Alamos National Bank Near Me

Los Alamos National Bank has six physical branches in the U.S.

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