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The Citizens National Bank of Meridian Review

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We maintain strict editorial integrity in our writing and assessments. This post contains links from our advertisers, and we may receive compensation when you click these links. Any opinions, analyses, reviews or recommendations expressed in this article are those of the author’s alone. | Advertiser Disclosure We maintain strict editorial integrity in our writing and assessments. This post contains links from our advertisers, and we may receive compensation when you click these links. Any opinions, analyses, reviews or recommendations expressed in this article are those of the author’s alone. | Advertiser Disclosure
The Citizens National Bank of Meridian Savings
0.01% APY
1. Overview 2. How We Rated It 3. Products Offered 4. Branch Locations

Overview

The Citizens National Bank of Meridian first started operating in 1888 with headquarters located in Meridian, Mississippi. It owns $1 billion in assets and $1 billion in deposits, classifying it as a medium-size bank. The Citizens National Bank of Meridian 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 access to service representatives at a physical location, in addition to its online and mobile apps. We gave The Citizens National Bank of Meridian a 3.6 out of 5 stars, indicating that it is a decent bank that leaves room for improvement. The Citizens National Bank of Meridian provides customers with a varied choice of product offerings, including savings accounts, checking accounts, money market accounts, CDs, IRAs and mortgage products. The Citizens National Bank of Meridian has a fair savings rate; other popular banks have higher rates. The bank's standard checking product has a $5.95 monthly fee, making it a rather expensive bank for checking. Finding a checking account with no monthly fee as well as a savings account with a high interest rate at the same institution is 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

3.6/5
National Average: 4.1

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

Rates

2.8
SmartAsset Average: 3.5

The Citizens National Bank of Meridian features a savings rate of 0.01%, which is fair in comparison to the average U.S. bank. The Citizens National Bank of Meridian's one-year CD has a rate of 0.25% and the five-year CD has a rate of 1.05%, while its highest-yielding money market account has a rate of 0.25%. Given The Citizens National Bank of Meridian's poor savings rate, you should think about other options to earn more on your deposits.

How The Citizens National Bank of Meridian's Savings Rates Compare

The Citizens National Bank of Meridian Savings 0.01 National Average 0.26 Compare Offers
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Fees

2.6
SmartAsset Average: 4.4

The Citizens National Bank of Meridian typically has high fees as compared against the national average. Its checking account has a monthly fee of $5.95, making it fair for anyone looking for a hassle-free account. The Citizens National Bank of Meridian doesn't refund out-of-network ATM charges, which means you will be required to search for a The Citizens National Bank of Meridian ATM or pay the fee.

Monthly Fee $5.95 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

4.3
SmartAsset Average: 3.7

The Citizens National Bank of Meridian is a brick-and-mortar bank, with 28 total branches in Mississippi. With mobile and web apps, The Citizens National Bank of Meridian makes mobile banking straightforward, 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, 8:00 a.m. to 6:00 p.m. ET; Saturday, and 9:00 a.m. to 12:00 p.m. ET. The Citizens National Bank of Meridian's online and mobile banking services receive positive ratings from customers. The The Citizens National Bank of Meridian mobile app is rated at 4.7 out of 5 (out of 930 reviews on iOS and Android) compared to the national average of 3.8. You can utilize The Citizens National Bank of Meridian's mobile app to manage your bank accounts by reviewing current statements, sending and receiving funds and reaching customer service. The Citizens National Bank of Meridian receives an excellent consumer satisfaction rating due to comparatively few consumer complaints reported to the Consumer Financial Protection Bureau (CFPB), a government financial agency that protects consumers in the financial sector.

Overall Mobile Rating 4.7/5
Consumer Satisfaction Rating 5.0/5
Online Banking Portal No
Live Chat No
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Financial Health

4.8
SmartAsset Average: 4.8

The Citizens National Bank of Meridian is a medium-size bank owning assets totaling $1 billion as well as deposits totaling $1 billion. The Citizens National Bank of Meridian has a strong Texas Ratio of 5.50%, signifying that the bank is in fine financial shape and improbable to fail. Additionally, The Citizens National Bank of Meridian is FDIC-insured, meaning that your money is insured up to $250,000, even in the event of bank failure.

Texas Ratio Analysis

5.5%
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 The Citizens National Bank of Meridian to Other Competitive Offers

Products Offered

Product Current Terms and Rates Minimum Balance for APY
Savings Account 0.01% APY $1
Certificates of Deposit
  • 12 Month: 0.25% APY
  • 24 Month: 0.55% APY
  • 36 Month: 0.65% APY
  • 48 Month: 0.95% APY
  • 60 Month: 1.05% APY
$2500 for all terms
Money Market Accounts 0.25% APY 0.25% APY $10000 $15000

The Citizens National Bank of Meridian has several deposit products including savings accounts, checking accounts, money market accounts and CDs to give you many options to manage your money. The Citizens National Bank of Meridian 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. The Citizens National Bank of Meridian's CD rates are fair compared to the average U.S. bank.

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Find a The Citizens National Bank of Meridian Near Me

The Citizens National Bank of Meridian has 28 physical locations across the U.S.

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