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National Bank of Commerce Review

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We maintain strict editorial integrity in our writing and assessments. This post contains links from our advertisers, and we may receive compensation when you click these links. Any opinions, analyses, reviews or recommendations expressed in this article are those of the author’s alone. | Advertiser Disclosure We maintain strict editorial integrity in our writing and assessments. This post contains links from our advertisers, and we may receive compensation when you click these links. Any opinions, analyses, reviews or recommendations expressed in this article are those of the author’s alone. | Advertiser Disclosure
National Bank of Commerce Savings
0.05% APY
1. Overview 2. How We Rated It 3. Products Offered 4. Branch Locations

Overview

National Bank of Commerce first started operating in 1934 and its headquarters are located in Superior, Wisconsin. It manages $619 million in assets and $500 million in deposits, which makes it a medium-size bank. National Bank of Commerce 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 in-person service, in addition to its online and mobile offerings. With a score of 3.8 out of 5 stars, National Bank of Commerce should be near the middle of the pack in your search for a bank. National Bank of Commerce provides customers with a full suite 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; you can find higher rates with other banks. Banks that offer no-fee checking as well as a high interest rate savings account are the best bet for accruing the most income on your deposits while maintaining easy access to your money.

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

2.9
SmartAsset Average: 3.5

National Bank of Commerce features a savings rate of 0.05%, which is poor in comparison to the average U.S. bank. Its CDs feature a rate of 0.30% and 1.15% for the one-year and five-year term lengths, respectively, while its highest-yielding money market account earns at a rate of 0.05%. Given its noncompetitive savings rate, you should think about taking a look at other banks for savings accounts.

How National Bank of Commerce's Savings Rates Compare

National Bank of Commerce Savings 0.05 National Average 0.26 Compare Offers
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Fees

NR
SmartAsset Average: 4.4

There is insufficient data on National Bank of Commerce's fees to provide a full SmartAsset rating.

Monthly Fee N/A 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

3.9
SmartAsset Average: 3.7

National Bank of Commerce is a brick-and-mortar bank, with seven total branches in Minnesota and Wisconsin. With mobile and web apps, National Bank of Commerce makes mobile banking convenient, even on the go. National Bank of Commerce receives average reviews from customers for its online presence. With 39 customer reviews on both Apple and Android platforms, the National Bank of Commerce mobile app has an overall rating of 3.9 out of 5 (compared to the national average of 3.8). You can utilize National Bank of Commerce's app to manage your accounts by monitoring account balances, sending and receiving funds and accessing support representatives. National Bank of Commerce gets an exceptional consumer satisfaction rating based on relatively few complaints brought to the Consumer Financial Protection Bureau (CFPB), a government-sponsored consumer protection agency.

Overall Mobile Rating 3.9/5
Consumer Satisfaction Rating 5.0/5
Online Banking Portal No
Live Chat No
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Financial Health

4.7
SmartAsset Average: 4.8

National Bank of Commerce ranks as a medium-size bank with $619 million in assets and deposits totaling $500 million. National Bank of Commerce's Texas Ratio is 6.69%, signifying that National Bank of Commerce is in fine financial health and far from failure. Additionally, National Bank of Commerce is FDIC-insured, meaning that your money is insured up to $250,000, even in the event of bank failure.

Texas Ratio Analysis

6.69%
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 National Bank of Commerce to Other Competitive Offers

Products Offered

Product Current Terms and Rates Minimum Balance for APY
Savings Account 0.05% APY $1
Checking Account 0.02% APY $1
Certificates of Deposit
  • 12 Month: 0.30% APY
  • 24 Month: 0.50% APY
  • 36 Month: 0.65% APY
  • 48 Month: 0.90% APY
  • 60 Month: 1.15% APY
$10000 for all terms
Money Market Accounts 0.05% APY 0.05% APY $10000 $15000

National Bank of Commerce has several deposit products like savings accounts, checking accounts, money market accounts and CDs to give you many options to manage your money. National Bank of Commerce does not have the best savings rate, which means you should think about 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. National Bank of Commerce's CD rates are fair as compared against the national average.

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Find a National Bank of Commerce Near Me

National Bank of Commerce has seven physical locations in the U.S.

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