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National Exchange Bank and Trust Review

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National Exchange Bank and Trust Savings
0.10% APY
1. Overview 2. How We Rated It 3. Products Offered 4. Branch Locations

Overview

Established in 1933, National Exchange Bank and Trust has assets totaling $2 billion along with $1 billion in deposits, which makes the institution a large bank. National Exchange Bank and Trust, whose headquarters are in Fond Du Lac, 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 offerings. At a SmartAsset rating of 4.1 out of 5 stars, National Exchange Bank and Trust should be solidly in contention for your choice of bank. National Exchange Bank and Trust provides customers with a choice of product offerings, which include savings accounts, checking accounts, money market accounts, IRAs, mortgage products and credit cards. It has a fair savings rate compared to the average savings account. Finding a checking account with no monthly fee and a savings account with a high interest rate at the same bank is your best bet for getting the most income on your deposits while maintaining easy access to your money.

How We Rated It

SmartAsset's Overall Rating

4.1/5
National Average: 4.1

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

Rates

3.4
SmartAsset Average: 3.5

National Exchange Bank and Trust has a savings rate of 0.10%, which is fair compared to the national average. National Exchange Bank and Trust's one-year CD has a rate of 1.10% and the five-year CD earns at a rate of 1.70%, while its highest-yielding money market account earns at an APY of 0.27%. Given its below average savings rate, you should think about looking at the competition to open savings accounts.

How National Exchange Bank and Trust's Savings Rates Compare

National Exchange Bank and Trust Savings 0.10 National Average 0.26 Compare Offers
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Fees

NR
SmartAsset Average: 4.4

There is insufficient data on National Exchange Bank and Trust'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

3.8
SmartAsset Average: 3.7

National Exchange Bank and Trust is a brick-and-mortar bank, with 35 total branches in Wisconsin. It also offers access to mobile and web apps for an easy mobile-banking experience. National Exchange Bank and Trust's online and mobile banking platforms get moderate scores from users. With 46 ratings on Apple and Android platforms, the National Exchange Bank and Trust mobile app has an overall rating of 3.7 out of 5 (compared to the national average of 3.8). National Exchange Bank and Trust's mobile app lets you manage your funds by reviewing account balances, transferring money as well as accessing customer service. National Exchange Bank and Trust gets a superb consumer satisfaction rating due to relatively few complaints registered with the Consumer Financial Protection Bureau (CFPB), a government-backed consumer protection agency.

Overall Mobile Rating 3.7/5
Consumer Satisfaction Rating 5.0/5
Online Banking Portal No
Live Chat No
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Financial Health

5.0
SmartAsset Average: 4.8

National Exchange Bank and Trust ranks as a large bank owning $2 billion in assets and deposits totaling $1 billion. Its Texas Ratio is 1.14%, suggesting that National Exchange Bank and Trust is in terrific financial health and far from failure. Additionally, National Exchange Bank and Trust 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.

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Compare National Exchange Bank and Trust to Other Competitive Offers

Products Offered

Product Current Terms and Rates Minimum Balance for APY
Savings Account 0.1% APY $100
Checking Account 0.07% APY $1
Certificates of Deposit
  • 12 Month: 1.10% APY
  • 24 Month: 1.25% APY
  • 36 Month: 1.40% APY
  • 48 Month: 1.60% APY
  • 60 Month: 1.70% APY
$1000 for all terms
Money Market Account 0.25% APY $1

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

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Find a National Exchange Bank and Trust Near Me

National Exchange Bank and Trust has 35 branches across the U.S.

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