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McCook National Bank Review

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McCook National Bank Savings
0.20% APY
1. Overview 2. How We Rated It 3. Products Offered 4. Branch Locations

Overview

Started in 1907, McCook National Bank has $344 million in assets as well as deposits totaling $283 million, ranking it as a small bank. McCook National Bank, whose headquarters are in Mccook, Nebraska, lacks premium access to support representatives, with no live chat or all-day service options available. It is a traditional brick-and-mortar bank with in-person service, in addition to its online and mobile offerings. With a commendable 4.3 out of 5 stars, McCook National Bank proves it is a solid pick to be your bank. McCook National Bank offers a mixture of banking products, which include savings accounts, checking accounts, CDs, IRAs and mortgage products. It has a fair savings rate; other popular banks have higher rates. If you're looking for a checking account for everyday use, McCook National Bank offers an option without a monthly fee. Banks that offer no-fee checking, in addition to a high savings APY are the best option for returning the most income on your deposits while having convenient access to your funds.

How We Rated It

SmartAsset's Overall Rating

4.3/5
National Average: 4.1

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

Rates

3.9
SmartAsset Average: 3.5

McCook National Bank has a savings rate of 0.20%, which is fair compared to the national average. McCook National Bank's one-year CD has a rate of 1.51% and the five-year CD has a rate of 2.52%, while its highest-yielding money market account earns at an APY of 0.65%. Given McCook National Bank's below average savings rate, you should consider other options to earn more on your deposits.

How McCook National Bank's Savings Rates Compare

McCook National Bank Savings 0.20 National Average 0.26 Compare Offers
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Fees

5.0
SmartAsset Average: 4.4

McCook National Bank has typically extremely low fees compared to the average U.S. bank. Its checking account has no monthly fee, ranking it excellent for anyone looking for a hassle-free account. McCook National Bank doesn't reimburse out-of-network ATM fees, meaning you will be required to find a McCook National Bank ATM or pay the ATM charge.

Monthly Fee $0 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

4.4
SmartAsset Average: 3.7

McCook National Bank is a brick-and-mortar bank, with four total branches in Colorado and Nebraska. It also offers access to mobile and web apps for a straightforward mobile-banking experience. McCook National Bank's online and mobile banking platforms get positive ratings from users. The McCook National Bank mobile app is rated at 4.9 out of 5 (with 13 ratings on Apple and Android) compared to the national average of 3.8. You can utilize McCook National Bank's mobile app to control your bank accounts by monitoring account balances, transferring funds and reaching customer service. McCook National Bank gets a superb consumer satisfaction score due to relatively few consumer complaints filed with the Consumer Financial Protection Bureau (CFPB), a government-backed consumer protection agency.

Overall Mobile Rating 4.9/5
Consumer Satisfaction Rating 5.0/5
Online Banking Portal No
Live Chat No
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Financial Health

4.0
SmartAsset Average: 4.8

McCook National Bank ranks as a small bank with $344 million in assets as well as deposits totaling $283 million. McCook National Bank's Texas Ratio is 20.47%, indicating that the bank is in fine financial health. Additionally, McCook 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

20.47%
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 McCook National Bank to Other Competitive Offers

Products Offered

Product Current Terms and Rates Minimum Balance for APY
Savings Account 0.2% APY $100
Checking Account 0.05% APY $1000
Certificates of Deposit
  • 12 Month: 1.51% APY
  • 24 Month: 1.91% APY
  • 48 Month: 2.30% APY
  • 60 Month: 2.52% APY
$500 for all terms
Money Market Account 0.25% APY $1000

McCook National Bank has several deposit products like savings accounts, checking accounts and CDs to give you many options to manage your money. McCook 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. McCook National Bank's CD rates are fair compared to the national average.

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Find a McCook National Bank Near Me

McCook National Bank has four branches across the U.S.

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