The Moody National Bank was founded in 1907 with headquarters located in Galveston, Texas. It owns assets of $1 billion and deposits totaling $890 million, making it a medium-size bank. The Moody National Bank 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 in-person service, in addition to its online and mobile apps. With a commendable 4.2 stars out of 5, The Moody National Bank is a great bank that you should seriously consider. The Moody National Bank has a complete suite of banking products, including savings accounts, checking accounts, money market accounts, CDs, IRAs, mortgage products and credit cards. It has a fair savings rate; you can find higher rates with other banks. If you're looking for a checking account for everyday use, The Moody National Bank offers an option without a monthly fee. Locating 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 from your deposits while having easy access to your money.
The overall rating is a weighted average of rates, fees, service quality and financial health.Read more
With a savings rate of 0.10%, The Moody National Bank ranks poorly compared to the average U.S. bank. The Moody National Bank's one-year CD earns at a rate of 1.25%, while its highest-yielding money market account earns at an APY of 0.15%. Given The Moody National Bank's noncompetitive savings rate, you should think about taking a look at other banks for savings accounts.
How The Moody National Bank's Savings Rates Compare
On average, The Moody National Bank charges its customers extremely low fees compared to the average U.S. bank. With no monthly fee, The Moody National Bank's checking account is perfect for people who need an easy checking account. The Moody National Bank unfortunately doesn't reimburse out-of-network ATM fees, which means you'll be required to find a The Moody National Bank ATM or pay the withdrawal fee.
The Moody National Bank is a brick-and-mortar bank, with 17 total branches in Texas. It also offers access to mobile and web apps for easy access and banking 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 and 8:00 a.m. to 5:00 p.m. CT. The Moody National Bank receives moderate feedback from customers for its mobile app. The The Moody National Bank mobile app has been given a 3.8 out of 5 (out of 35 ratings on iOS and Android) compared to the national average of 3.8. The Moody National Bank's mobile app allows you to control your finances by looking at monthly statements, sending and receiving funds and reaching support representatives. The Moody National Bank gets an outstanding consumer satisfaction rating due to comparatively few consumer complaints brought to the Consumer Financial Protection Bureau (CFPB), a government agency that protects consumers in the financial sector.
The Moody National Bank is a medium-size bank with $1 billion in assets as well as deposits totaling $890 million. It has a strong Texas Ratio of 7.76%, indicating a small opportunity of failure. Additionally, The Moody National 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.Back to Overview
Compare The Moody National Bank to Other Competitive Offers
|Product||Current Terms and Rates||Minimum Balance for APY|
|Savings Account||0.1% APY||$250|
|Checking Account||0.02% APY||$1500|
|Certificates of Deposit|| ||$1000 for all terms|
|Money Market Account||0.1% APY||$1|
The Moody National Bank has several deposit products like savings accounts, checking accounts, money market accounts and CDs that provide you with many options to manage your money. The Moody National 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. The Moody National Bank's CD rates are fair in comparison to other U.S. banks.Back to Overview
Find a The Moody National Bank Near Me
The Moody National Bank has 17 locations across the U.S.Back to Overview