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North Dallas Bank & Trust Co. Review

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North Dallas Bank & Trust Co. Savings
0.20% APY
1. Overview 2. How We Rated It 3. Products Offered 4. Branch Locations

Overview

North Dallas Bank & Trust Co. started in 1961 and its headquarters are located in Dallas, Texas. It owns assets of $1 billion along with deposits totaling $1 billion, ranking it as a medium-size bank. North Dallas Bank & Trust Co. 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 access to service representatives at a physical location, in addition to its online and mobile offerings. With a commendable 4.1 out of 5 stars, North Dallas Bank & Trust Co. is a good bank that gets the job done. North Dallas Bank & Trust Co. has a selection of product offerings, which include savings accounts, checking accounts, CDs, IRAs, mortgage products and credit cards. It has a fair savings rate; other popular banks have higher rates. The bank's standard checking account carries a $10.00 monthly fee, which places it at the higher end of monthly fees. Institutions that offer free checking as well as a high interest rate savings account are your best bet for gaining the most income on your deposits while having convenient 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

3.6
SmartAsset Average: 3.5

North Dallas Bank & Trust Co. has a savings rate of 0.20%, which is fair compared to the national average. North Dallas Bank & Trust Co.'s one-year CD earns at a rate of 1.00% and the five-year CD earns at a rate of 2.05%, while its highest-yielding money market account earns at an APY of 0.45%. Given its below average savings rate, you should think about choosing another bank to earn more on your deposits.

How North Dallas Bank & Trust Co.'s Savings Rates Compare

North Dallas Bank & Trust Co. Savings 0.20 National Average 0.26 Compare Offers
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Fees

3.5
SmartAsset Average: 4.4

North Dallas Bank & Trust Co. charges its customers high fees as compared against the national average. At $10.00/month, North Dallas Bank & Trust Co. is less than the best product for those who want a basic checking account. For those who will need cash in a pinch, North Dallas Bank & Trust Co. is perfect because it charges no out-of-network ATM fees. North Dallas Bank & Trust Co. does not reimburse out-of-network ATM fees, which means you will have to search for a North Dallas Bank & Trust Co. ATM or accept the fee.

Monthly Fee $10.00 National Average: $3.21
Non-network ATM Fee $0 National Average: $1.20
Overdraft Fee N/A National Average: $35.00
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Service Quality

4.1
SmartAsset Average: 3.7

North Dallas Bank & Trust Co. is a brick-and-mortar bank, with six total bank locations in Texas. It also offers access to mobile and web apps for an easy mobile-banking experience. North Dallas Bank & Trust Co.'s online and mobile banking platforms receive reasonably high ratings from users. Out of 45 customer reviews across both iOS and Android platforms, the North Dallas Bank & Trust Co. mobile app rates a 4.3 out of 5 (compared to the national average of 3.8). North Dallas Bank & Trust Co.'s mobile app lets you manage your finances by reviewing current statements, transferring funds as well as accessing support representatives. North Dallas Bank & Trust Co. gets an outstanding consumer satisfaction score based on relatively few consumer complaints filed with the Consumer Financial Protection Bureau (CFPB), a government-backed consumer protection agency.

Overall Mobile Rating 4.3/5
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

North Dallas Bank & Trust Co. is a medium-size bank and has assets totaling $1 billion and deposits totaling $1 billion. North Dallas Bank & Trust Co.'s Texas Ratio is 0.43%, indicating a minute chance of failure. Additionally, North Dallas Bank & Trust Co. 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 North Dallas Bank & Trust Co. to Other Competitive Offers

Products Offered

Product Current Terms and Rates Minimum Balance for APY
Savings Account 0.2% APY $250
Checking Account 0.1% APY $500
Certificates of Deposit
  • 12 Month: 1.00% APY
  • 24 Month: 1.95% APY
  • 36 Month: 2.10% APY
  • 60 Month: 2.05% APY
$1000 for all terms
Money Market Account 0.45% APY $25000

North Dallas Bank & Trust Co. has several deposit products including savings accounts, checking accounts and CDs that provide you with many options to manage your money. North Dallas Bank & Trust Co. 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. North Dallas Bank & Trust Co.'s CD rates are fair compared to the average U.S. bank.

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Find a North Dallas Bank & Trust Co. Near Me

North Dallas Bank & Trust Co. has six physical branches in the U.S.

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