Loading
Tap on the profile icon to edit
your financial details.
Advertiser Disclosure

North Dallas Bank & Trust Co. Review

Your Details Done
by Updated
North Dallas Bank & Trust Co. Savings
0.25% APY
1. Overview 2. How We Rated It 3. Products Offered 4. Branch Locations

Overview

North Dallas Bank & Trust Co. first started operating in 1961 and its headquarters are located in Dallas, Texas. It handles $1 billion in assets along with deposits totaling $1 billion, classifying it as a medium-size bank. North Dallas Bank & Trust Co. lacks premium access to customer service, with no options for live chat or all-day service. It is a traditional brick-and-mortar bank with access to service representatives at a physical location, in addition to its online and mobile apps. At a SmartAsset rating of 4.1 out of 5 stars, North Dallas Bank & Trust Co. should be solidly in contention for your choice of bank. North Dallas Bank & Trust Co. provides customers with multiple banking products, including savings accounts, checking accounts, CDs, IRAs, mortgage products and credit cards. It has a fair savings rate; you can find higher rates with other banks. The bank's standard checking product has a monthly fee of $10.00, although banks sometimes have requirements that allow you to waive the fee. Obtaining a checking account with no monthly fee and a savings account with a high APY at the same institution is your best bet for accruing the most income on your deposits while having easy access to your funds.

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

With a savings rate of 0.25%, North Dallas Bank & Trust Co. ranks poorly compared to the average U.S. bank. North Dallas Bank & Trust Co.'s CDs feature a rate of 1.75% and 2.60% for the one-year and five-year term lengths, respectively, while its highest-yielding money market account has an APY of 0.45%. Given its poor savings rate, you should consider taking a look at other banks for savings accounts.

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

North Dallas Bank & Trust Co. Savings 0.25 National Average 0.26 Compare Offers
Back to Overview

Fees

3.5
SmartAsset Average: 4.4

North Dallas Bank & Trust Co. charges customers high fees compared to the national average. At $10.00/month, North Dallas Bank & Trust Co.'s checking account is not great for those who want a hassle-free 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'll have to search for a North Dallas Bank & Trust Co. ATM or accept the cost of withdrawal.

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
Back to Overview

Service Quality

4.1
SmartAsset Average: 3.7

North Dallas Bank & Trust Co. is a brick-and-mortar bank, with six total branches in Texas. With mobile and web apps, North Dallas Bank & Trust Co. makes mobile banking easy, even on the go. North Dallas Bank & Trust Co.'s online and mobile banking services receive reasonably positive ratings from customers. The North Dallas Bank & Trust Co. mobile app has an overall rating of 4.3 out of 5 (out of 45 ratings on Apple and Android) compared to the national average of 3.8. North Dallas Bank & Trust Co.'s mobile app lets you control your finances by looking at account balances, sending and receiving funds as well as accessing customer service. North Dallas Bank & Trust Co. gets a superb consumer satisfaction score due to comparatively few consumer complaints brought to the Consumer Financial Protection Bureau (CFPB), a government-sponsored consumer protection agency.

Overall Mobile Rating 4.3/5
Consumer Satisfaction Rating 5.0/5
Online Banking Portal No
Live Chat No
Back to Overview

Financial Health

5.0
SmartAsset Average: 4.8

North Dallas Bank & Trust Co. ranks as a medium-size bank and manages $1 billion in assets and $1 billion in deposits. North Dallas Bank & Trust Co.'s Texas Ratio is 0.43%, denoting that North Dallas Bank & Trust Co. is in superb financial condition and far from 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.

Back to Overview

Compare North Dallas Bank & Trust Co. to Other Competitive Offers

Products Offered

Product Current Terms and Rates Minimum Balance for APY
Savings Account 0.25% APY $250
Checking Account 0.15% APY $500
Certificates of Deposit
  • 12 Month: 1.75% APY
  • 24 Month: 2.35% APY
  • 36 Month: 2.40% APY
  • 60 Month: 2.60% APY
$1000 for all terms
Money Market Account 0.45% APY $25000

North Dallas Bank & Trust Co. offers several deposit products like 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 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. North Dallas Bank & Trust Co.'s CD rates are fair as compared against the national average.

Back to Overview

Find a North Dallas Bank & Trust Co. Near Me

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

Back to Overview
Save more with these rates that beat the National Average
Unfortunately, we are currently unable to find savings account that fit your criteria. Please change your search criteria and try again.
Searching for accounts...
Ad Disclosure
Unfortunately, we are currently unable to find savings account that fit your criteria. Please change your search criteria and try again.
Searching for accounts...
Ad Disclosure