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QNB Bank Review

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

Overview

Established in 1877, QNB Bank has assets totaling $1 billion and deposits totaling $994 million, making the institution a medium-size bank. QNB Bank, whose headquarters are in Quakertown, Pennsylvania, has above-average access to customer service with a live chat feature, great for getting help during the work week. It is a traditional brick-and-mortar bank with in-person service, in addition to its online and mobile apps. With a score of 4.2 stars out of 5, QNB Bank should be solidly in contention for your choice of bank. QNB Bank provides customers with a full suite of banking products, which include savings accounts, checking accounts, money market accounts, CDs, IRAs, mortgage products and credit cards. It has a fair savings rate compared to the average savings account. If you're looking for a checking account for everyday use, QNB Bank offers an option without a maintenance or monthly fee. Institutions that offer no-fee checking, in addition to a high interest rate savings account are the best option for returning the highest income on your deposits alongside easy access to your funds.

How We Rated It

SmartAsset's Overall Rating

4.2/5
National Average: 4.1

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

Rates

2.9
SmartAsset Average: 3.5

QNB Bank features a savings rate of 0.10%, which is poor compared to other U.S. banks. Its one-year and five-year term lengths CDs earn at a rate of 0.35% and 1.85%, respectively, while its highest-yielding money market account has an APY of 0.20%. Given its poor savings rate, you should think about taking a look at other banks for savings accounts.

How QNB Bank's Savings Rates Compare

QNB Bank Savings 0.10 National Average 0.26 Compare Offers
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Fees

4.5
SmartAsset Average: 4.4

QNB Bank charges customers low fees as compared against the national average. Its checking account has no monthly fee, making it excellent for anyone looking for a simple account. Also, it has an overdraft fee of $35.00, which is on par with the average overdraft fee charged by U.S. banks. QNB Bank unfortunately does not refund out-of-network ATM fees, meaning you'll be required to find a QNB Bank ATM or eat the withdrawal fee.

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

4.5
SmartAsset Average: 3.7

QNB Bank is a brick-and-mortar bank, with 14 total branches in Pennsylvania. With mobile and web apps, QNB Bank makes account access convenient, even on the go. It does not offer all-day customer service with representatives. You can get help during its customer service hours, which are Monday through Friday, 8:00 a.m. to 7:00 p.m. ET; Saturday, and 8:30 a.m. to 1:00 p.m. ET. Additionally, QNB Bank customers can access live chat for customer service questions, key for getting quick access to customer service. QNB Bank's online and mobile banking platforms get high praise from customers. The QNB Bank mobile app has an overall rating of 4.6 out of 5 (with 69 reviews on iOS and Android) compared to the national average of 3.8. You can access QNB Bank's mobile app to manage your funds by checking monthly statements, transferring money as well as accessing support representatives. QNB Bank gets a superb consumer satisfaction rating due to comparatively few complaints brought to the Consumer Financial Protection Bureau (CFPB), a government agency that protects consumers in the financial sector.

Overall Mobile Rating 4.6/5
Consumer Satisfaction Rating 5.0/5
Online Banking Portal No
Live Chat Yes
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Financial Health

4.7
SmartAsset Average: 4.8

QNB Bank ranks as a medium-size bank with $1 billion in assets and $994 million in deposits. QNB Bank's Texas Ratio is 7.84%, denoting that QNB Bank is in good financial health and far from failure. Additionally, QNB Bank is FDIC-insured, meaning that your money is insured up to $250,000, even in the event of bank failure.

Texas Ratio Analysis

7.84%
High Risk 75% 50% 20% 10% Low Risk

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 QNB Bank to Other Competitive Offers

Products Offered

Product Current Terms and Rates Minimum Balance for APY
Savings Account 0.1% APY $1
Checking Account 0.05% APY $1
Certificates of Deposit
  • 12 Month: 0.35% APY
  • 24 Month: 0.65% APY
  • 36 Month: 0.75% APY
  • 48 Month: 1.20% APY
  • 60 Month: 1.85% APY
$500 for all terms
Money Market Accounts 0.15% APY 0.2% APY $10000 $15000

QNB Bank has several deposit products like savings accounts, checking accounts, money market accounts and CDs to give you many options to manage your money. QNB Bank 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. QNB Bank's CD rates are fair in comparison to other U.S. banks.

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Find a QNB Bank Near Me

QNB Bank has 14 physical locations across the U.S.

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