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North State Bank Review

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North State Bank Savings
0.10% APY
1. Overview 2. How We Rated It 3. Products Offered 4. Branch Locations


North State Bank was founded in 2000 with its headquarters in Raleigh, North Carolina. It manages $833 million in assets along with $756 million in deposits, making it a medium-size bank. North State Bank lacks premium access to support representatives, with no live chat or all-day service options available. It is a conventional brick-and-mortar bank with in-person service, in addition to its online and mobile apps. We ranked North State Bank at a 4.3 out of 5 stars, which means it is a great bank that you should seriously consider. North State Bank has a full suite of product offerings, which include savings accounts, checking accounts, money market accounts, CDs, IRAs, mortgage products and credit cards. North State Bank has a fair savings rate; other popular banks have higher rates. If you're interested in stress-free personal checking, the bank's standard checking does not carry a monthly charge. Obtaining a checking account with no monthly fee as well as a savings account with a high APY at the same institution is your best bet for accruing the most income from your deposits while maintaining easy access to your funds.

How We Rated It

SmartAsset's Overall Rating

National Average: 4.1

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


SmartAsset Average: 3.5

North State Bank features a savings rate of 0.10%, which is fair compared to the national average. North State Bank's one-year CD has a rate of 0.75% and the five-year CD has a rate of 1.26%, while its highest-yielding money market account earns at a rate of 0.20%. Given North State Bank's below average savings rate, you should think about opting for higher earning savings accounts with other banks.

How North State Bank's Savings Rates Compare

North State Bank Savings 0.10 National Average 0.26 Compare Offers
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SmartAsset Average: 4.4

On average, North State Bank charges customers extremely low fees compared to the average U.S. bank. North State Bank's checking account has no monthly fee, which makes it excellent for anyone looking for a simple account. North State Bank unfortunately doesn't refund out-of-network ATM charges, meaning you will have to locate a North State Bank ATM or pay the cost of withdrawal.

Monthly Fee $0 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

SmartAsset Average: 3.7

North State Bank is a brick-and-mortar bank, with seven total branches in North Carolina. With mobile and web apps, North State Bank makes mobile banking easy, even on the go. It does not have all-day customer service with representatives. You can get help during its hours, which are Monday through Friday, 9:00 a.m. to 11:00 p.m. ET; Saturday and Sunday, and 9:00 a.m. to 5:00 p.m. ET. North State Bank gets average reviews from customers for its mobile app. Out of 7 customer reviews across Apple and Android platforms, the North State Bank mobile app is scored at 3.7 out of 5 (compared to the national average of 3.8). You can use North State Bank's app to control your accounts by monitoring current statements, sending and receiving funds and accessing support representatives. North State Bank gets an outstanding consumer satisfaction score due to relatively few complaints brought to 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

SmartAsset Average: 4.8

North State Bank is a medium-size bank with assets totaling $833 million as well as deposits totaling $756 million. Its Texas Ratio is 1.76%, indicating that the bank is in terrific financial condition and improbable to fail. Additionally, North State Bank 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 State Bank to Other Competitive Offers

Products Offered

Product Current Terms and Rates Minimum Balance for APY
Savings Account 0.1% APY $1
Checking Account 0.35% APY $1
Certificates of Deposit
  • 12 Month: 0.75% APY
  • 24 Month: 1.05% APY
  • 36 Month: 1.11% APY
  • 48 Month: 1.16% APY
  • 60 Month: 1.26% APY
$10000 for all terms
Money Market Account 0.2% APY $10000

North State Bank offers several deposit products like savings accounts, checking accounts, money market accounts and CDs that provide you with many options to manage your money. North State Bank 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 State Bank's CD rates are fair in comparison to other U.S. banks.

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Find a North State Bank Near Me

North State Bank has seven branches in the U.S.

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