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The Moody National Bank Review

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

Overview

Started in 1907, The Moody National Bank has $1 billion in assets and $890 million in deposits, which makes the institution a medium-size bank. The Moody National Bank, whose headquarters are in Galveston, Texas, lacks premium access to customer service, with no live chat or all-day service options available. It is a traditional brick-and-mortar bank with in-person service, in addition to its online and mobile offerings. With a commendable 4.2 out of 5 stars, The Moody National Bank is a solid contender in your bank search. The Moody National Bank provides customers with a full choice 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 interested in stress-free personal checking, The Moody National Bank's standard checking does not have a monthly maintenance fee. Locating an institution with no-fee checking as well as a high savings APY is the best option for returning the most income from your deposits while maintaining easy access to your money.

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

3.3
SmartAsset Average: 3.5

The Moody National Bank features a savings rate of 0.10%, which is fair in comparison to other U.S. banks. Its one-year CD earns at a rate of 0.95%, while its highest-yielding money market account earns at an APY of 0.05%. Given The Moody National Bank's poor savings rate, you should consider choosing another bank to earn more on your deposits.

How The Moody National Bank's Savings Rates Compare

The Moody National Bank Savings 0.10 National Average 0.26 Compare Offers
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Fees

5.0
SmartAsset Average: 4.4

On average, The Moody National Bank charges its customers extremely low fees in comparison to other U.S. banks. The Moody National Bank's checking account has no monthly fee, ranking it excellent for anyone looking for a hassle-free account. The Moody National Bank unfortunately does not reimburse out-of-network ATM fees, meaning you'll need to locate a The Moody National Bank ATM or accept the ATM charge.

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

3.9
SmartAsset Average: 3.7

The Moody National Bank is a brick-and-mortar bank, with 17 total branches in Texas. With mobile and web apps, The Moody National Bank makes mobile banking convenient, 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 and 8:00 a.m. to 5:00 p.m. CT. The Moody National Bank receives moderate reviews from users for its mobile platform. The The Moody National Bank mobile app rates a 3.8 out of 5 (with 35 ratings on Apple and Android) compared to the national average of 3.8. You can utilize The Moody National Bank's app to manage your accounts by monitoring current statements, transferring funds as well as reaching customer service. The Moody National Bank receives an exceptional consumer satisfaction rating due to comparatively few consumer complaints registered with the Consumer Financial Protection Bureau (CFPB), a government-sponsored consumer protection agency.

Overall Mobile Rating 3.8/5
Consumer Satisfaction Rating 5.0/5
Online Banking Portal No
Live Chat No
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Financial Health

4.7
SmartAsset Average: 4.8

The Moody National Bank ranks as a medium-size bank owning $1 billion in assets as well as deposits totaling $890 million. Its Texas Ratio is 7.76%, indicating that the bank is in fine financial well-being and far from 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

7.76%
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 Moody National Bank to Other Competitive Offers

Products Offered

Product Current Terms and Rates Minimum Balance for APY
Savings Account 0.1% APY $250
Checking Account 0.01% APY $1500
Certificates of Deposit
  • 12 Month: 0.95% APY
  • 24 Month: 1.00% APY
  • 36 Month: 1.21% APY
$1000 for all terms
Money Market Account 0.01% APY $1

The Moody National Bank offers several deposit products including savings accounts, checking accounts, money market accounts and CDs to give you many options to manage your money. The Moody National 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. The Moody National Bank's CD rates are fair compared to the national average.

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Find a The Moody National Bank Near Me

The Moody National Bank has 17 physical branches across the U.S.

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