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The National Bank of Blacksburg Review

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The National Bank of Blacksburg Savings
0.06% APY
1. Overview 2. How We Rated It 3. Products Offered 4. Branch Locations

Overview

Started in 1891, The National Bank of Blacksburg has assets totaling $1 billion as well as $1 billion in deposits, making it a medium-size bank. The National Bank of Blacksburg, whose headquarters are in Blacksburg, Virginia, lacks premium access to support representatives, with no live chat or all-day service options available. 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. 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 the complete package 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 compared to the average savings account. If you're interested in stress-free personal checking, the bank's standard checking does not have a monthly charge. Locating a checking account with no monthly fee as well as a savings account with a high interest rate at the same bank is the best bet for getting the most income on your deposits while having easy 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 National Bank of Blacksburg has a savings rate of 0.06%, which is poor in comparison to other U.S. banks. 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 has an APY of 0.26%. Given its noncompetitive savings rate, you should think about other options to earn more on your deposits.

How The National Bank of Blacksburg's Savings Rates Compare

The National Bank of Blacksburg Savings 0.06 National Average 0.26 Compare Offers
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Fees

4.2
SmartAsset Average: 4.4

The National Bank of Blacksburg generally has average fees as compared against the national average. The National Bank of Blacksburg's checking account has no monthly fee, which makes it excellent for anyone looking for a hassle-free account. For those who will need cash in a pinch, The National Bank of Blacksburg is fair because it charges an out-of-network ATM fee of $2.00, which is reasonable as compared against the national average. Also, it has an overdraft fee of $35.00, which is on par with the average U.S. overdraft fee. The National Bank of Blacksburg unfortunately doesn't reimburse out-of-network ATM charges, meaning you'll be required to locate a The National Bank of Blacksburg ATM or pay the ATM charge.

Monthly Fee $0 National Average: $3.21
Non-network ATM Fee $2.00 National Average: $1.20
Overdraft Fee $35.00 National Average: $35.00
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Service Quality

2.5
SmartAsset Average: 3.7

The National Bank of Blacksburg is a brick-and-mortar bank, with 25 total bank locations in Virginia. With a mobile app, The National Bank of Blacksburg provides easy account access, even from home or work. The National Bank of Blacksburg gets an excellent consumer satisfaction rating due to relatively few complaints reported to the Consumer Financial Protection Bureau (CFPB), a government-sponsored consumer protection agency.

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

4.9
SmartAsset Average: 4.8

The National Bank of Blacksburg is currently a medium-size bank owning assets totaling $1 billion and $1 billion in deposits. Its Texas Ratio is 2.95%, signifying that the bank is in terrific financial health and improbable 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.

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Compare The National Bank of Blacksburg to Other Competitive Offers

Products Offered

Product Current Terms and Rates Minimum Balance for APY
Savings Account 0.06% APY $1
Checking Account 0.05% APY $2500
Certificates of Deposit
  • 12 Month: 0.10% APY
  • 24 Month: 0.25% APY
  • 36 Month: 0.40% APY
  • 48 Month: 0.52% APY
  • 60 Month: 1.00% APY
$500 for all terms
Money Market Account 0.21% APY $10000

The National Bank of Blacksburg has several deposit products including savings accounts, checking accounts, money market accounts and CDs that provide you with many options to manage your money. The National Bank of Blacksburg does not have the best savings rate, which means you should think about taking a look 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 compared to the national average.

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Find a The National Bank of Blacksburg Near Me

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

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