The National Bank of Blacksburg Review

Overview

The National Bank of Blacksburg first started operating in 1891 and its headquarters are located in Blacksburg, Virginia. The National Bank of Blacksburg has $1 billion in assets and $1 billion in deposits, making it a medium-size bank. The National Bank of Blacksburg lacks premium access to support representatives, 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 score of 3.6 stars out of 5, The National Bank of Blacksburg should be near the middle of the pack in your search for a bank. The National Bank of Blacksburg offers a diverse array of product offerings, including savings accounts, checking accounts, money market accounts, CDs, IRAs, mortgage products and credit cards. The National Bank of Blacksburg has a fair savings rate; you can find higher rates with other banks. If you're interested in stress-free personal checking, the bank's most basic checking account does not have a monthly maintenance fee. Locating a checking account with no monthly fee, in addition to a savings account with a high interest rate at the same bank is your best option for getting the most income from your deposits while maintaining convenient access to your money.

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

The National Bank of Blacksburg features a savings rate of 0.06%, which is fair in comparison to the average U.S. bank. The National Bank of Blacksburg's one-year CD has a rate of 0.10% and the five-year CD has a rate of 1.00%, while its highest-yielding money market account earns at a rate of 0.29%. Given The National Bank of Blacksburg's below average savings rate, you should consider opting for higher earning savings accounts with other banks.

How The National Bank of Blacksburg's Savings Rates Compare

The National Bank of Blacksburg charges its customers average fees in comparison to other U.S. banks. With no monthly fee, The National Bank of Blacksburg's checking account is perfect for those who want an easy banking experience. For those who will need cash in a pinch, it is fair because it has an out-of-network ATM fee of $2.00, which is reasonable compared to the average U.S. bank. Also, at $35.00, its overdraft fee is lower than the national average. The National Bank of Blacksburg unfortunately does not reimburse out-of-network ATM charges, which means you'll have to locate a The National Bank of Blacksburg ATM or eat the withdrawal fee.

The National Bank of Blacksburg is a brick-and-mortar bank, with 25 total bank locations in Virginia. It also offers access to a web app, for a simple online-banking experience. The National Bank of Blacksburg gets an excellent consumer satisfaction score based on relatively few consumer complaints filed with the Consumer Financial Protection Bureau (CFPB), a government-backed consumer protection agency.

The National Bank of Blacksburg is currently a medium-size bank with assets totaling $1 billion as well as deposits totaling $1 billion. It has an excellent Texas Ratio of 2.95%, suggesting that the bank is in outstanding financial condition and unlikely to fail. Additionally, The National Bank of Blacksburg 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.

Products Offered

The National Bank of Blacksburg has several deposit products like savings accounts, checking accounts, money market accounts and CDs to give you many options to manage your money. The National Bank of Blacksburg does not have the best savings rate, which means you should think about 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 National Bank of Blacksburg's CD rates are fair as compared against the national average.

Find a The National Bank of Blacksburg Near Me

The National Bank of Blacksburg has 25 branches in the U.S.