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National Bank of Commerce Review

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

Overview

Established in 1934, National Bank of Commerce has $619 million in assets and $500 million in deposits, making it a medium-size bank. National Bank of Commerce, whose headquarters are in Superior, Wisconsin, 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 apps. 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 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; you can find higher rates with other banks. Locating a checking account with no monthly fee and a savings account with a high interest rate at the same institution is your best option for getting the most income from 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

2.9
SmartAsset Average: 3.5

With a savings rate of 0.05%, National Bank of Commerce ranks poorly compared to the average U.S. bank. National Bank of Commerce's CD rates are 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 National Bank of Commerce's below average savings rate, you should think about looking elsewhere to open 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 bank locations in Minnesota and Wisconsin. It also offers access to mobile and web apps for simple access and banking on the go. National Bank of Commerce gets moderate reviews from users for its mobile app. The National Bank of Commerce mobile app has been given a 3.9 out of 5 (out of 39 reviews on iOS and Android) compared to the national average of 3.8. National Bank of Commerce's mobile app allows you to control your accounts by checking current statements, sending and receiving funds as well as reaching support representatives. National Bank of Commerce gets an outstanding consumer satisfaction score due to relatively few complaints registered with the Consumer Financial Protection Bureau (CFPB), a government financial agency that protects consumers in the financial sector.

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 and manages assets totaling $619 million as well as $500 million in deposits. National Bank of Commerce's Texas Ratio is 6.69%, suggesting that National Bank of Commerce is in fine financial well-being and unlikely to fail. 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 Account 0.05% APY $1

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 consider other options 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 in comparison to the national average.

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Find a National Bank of Commerce Near Me

National Bank of Commerce has seven locations across the U.S.

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