Founded in 2004, National Bank of Commerce has assets totaling $3 billion and deposits totaling $2 billion, ranking the institution as a large bank. National Bank of Commerce, whose headquarters are in Birmingham, Alabama, lacks premium access to customer service, 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. Overall, National Bank of Commerce is a solid pick to be your bank, with a score of 4.4 out of 5 stars from our experts. National Bank of Commerce has a full array of banking products, including savings accounts, checking accounts, money market accounts, CDs, mortgage products and credit cards. National Bank of Commerce has a fair savings rate; other popular banks have higher rates. If you're looking for a checking account for everyday use, the bank's most basic checking does not carry a monthly maintenance charge. Finding a bank with no-fee checking as well as a high savings APY is your best bet for getting the most income from your deposits while having convenient access to your money.
The overall rating is a weighted average of rates, fees, service quality and financial health.Read more
With a savings rate of 0.25%, National Bank of Commerce ranks poorly in comparison to the national average. Its CD rates are 1.66% and 2.43% for the one-year and five-year term lengths, respectively, while its highest-yielding money market account has a rate of 0.60%. Given its below average savings rate, you should think about looking at the competition to open savings accounts.
How National Bank of Commerce's Savings Rates Compare
National Bank of Commerce generally has extremely low fees in comparison to the national average. National Bank of Commerce's checking account has no monthly fee, rating it excellent for anyone looking for a hassle-free account. National Bank of Commerce unfortunately doesn't reimburse out-of-network ATM fees, which means you will have to search for a National Bank of Commerce ATM or pay the fee.
National Bank of Commerce is a brick-and-mortar bank, with 32 total bank locations in Alabama, Florida and Georgia. With mobile and web apps, National Bank of Commerce makes mobile banking convenient, even on the go. National Bank of Commerce gets poor marks from customers for its mobile banking services. The National Bank of Commerce mobile app scored a 3.4 out of 5 (with 17 customer reviews on iOS and Android) compared to the national average of 3.8. National Bank of Commerce's mobile app lets you control your accounts by monitoring monthly statements, sending and receiving funds and accessing customer service. National Bank of Commerce receives a superb consumer satisfaction score based on relatively few complaints brought to the Consumer Financial Protection Bureau (CFPB), a government financial agency that protects consumers in the financial sector.
National Bank of Commerce ranks as a large bank and manages $3 billion in assets and $2 billion in deposits. National Bank of Commerce's Texas Ratio is 1.12%, indicating a low likelihood of 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
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 National Bank of Commerce to Other Competitive Offers
|Product||Current Terms and Rates||Minimum Balance for APY|
|Savings Account||0.25% APY||$25|
|Checking Account||0.4% APY||$1|
|Certificates of Deposit|| ||$1000 for all terms|
|Money Market Accounts||0.5% APY 0.6% APY||$10000 $15000|
National Bank of Commerce has several deposit products like savings accounts, checking accounts, money market accounts and CDs that provide you with 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 in comparison to the national average.Back to Overview
Find a National Bank of Commerce Near Me
National Bank of Commerce has 32 physical branches across the U.S.Back to Overview