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The Neffs National Bank Review

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The Neffs National Bank Savings
0.20% APY
1. Overview 2. How We Rated It 3. Products Offered 4. Branch Locations

Overview

Started in 1923, The Neffs National Bank has assets totaling $349 million as well as deposits totaling $278 million, making it a small bank. The Neffs National Bank, whose headquarters are in Neffs, Pennsylvania, lacks premium access to support representatives, with no options for live chat or all-day service. It is a traditional brick-and-mortar bank with access to service representatives at a physical location, in addition to its online and mobile apps. With a commendable 4 out of 5 stars, The Neffs National Bank proves it is a respectable bank that should be given a look. The Neffs National Bank has a complete suite of banking products, including savings accounts, checking accounts, money market accounts, CDs, IRAs and mortgage products. It has a fair savings rate compared to the average savings account. If you're interested in stress-free personal checking, The Neffs National Bank's ordinary checking account does not have a monthly fee. Banks that offer no-fee checking, in addition to a high interest rate savings account are the best bet for gaining the highest income on your deposits alongside easy access to your funds.

How We Rated It

SmartAsset's Overall Rating

4.0/5
National Average: 4.1

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

Rates

3.8
SmartAsset Average: 3.5

The Neffs National Bank features a savings rate of 0.20%, which is fair compared to other U.S. banks. The Neffs National Bank's one-year and five-year term lengths CDs earn at a rate of 1.35% and 2.65%, respectively, while its highest-yielding money market account has an APY of 0.30%. Given The Neffs National Bank's noncompetitive savings rate, you should think about choosing another bank to earn more on your deposits.

How The Neffs National Bank's Savings Rates Compare

The Neffs National Bank Savings 0.20 National Average 0.26 Compare Offers
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Fees

5.0
SmartAsset Average: 4.4

The Neffs National Bank has generally extremely low fees in comparison to the average U.S. bank. The Neffs National Bank's checking account has no monthly fee, rating it excellent for anyone looking for a hassle-free account. For those who will need cash in a pinch, it is perfect because it has no out-of-network ATM fees. The Neffs National Bank does not reimburse out-of-network ATM charges, meaning you'll need to find a The Neffs National Bank ATM or eat the fee.

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

2.5
SmartAsset Average: 3.7

The Neffs National Bank is a brick-and-mortar bank, with one total branches in Pennsylvania. It also offers access to mobile and web apps for a straightforward mobile-banking experience. You can use The Neffs National Bank's app to manage your accounts by looking at monthly statements, sending and receiving money as well as reaching support representatives. The Neffs National Bank receives a superb consumer satisfaction rating based on relatively 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 NR
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 Neffs National Bank ranks as a small bank and owns assets totaling $349 million and $278 million in deposits. The Neffs National Bank has an excellent Texas Ratio of 4.37%, signifying that The Neffs National Bank is in excellent financial well-being and far from failure. Additionally, The Neffs 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

4.37%
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 Neffs National Bank to Other Competitive Offers

Products Offered

Product Current Terms and Rates Minimum Balance for APY
Savings Account 0.2% APY $10
Checking Account 0.1% APY $1000
Certificates of Deposit
  • 12 Month: 1.35% APY
  • 24 Month: 1.65% APY
  • 36 Month: 2.50% APY
  • 48 Month: 2.55% APY
  • 60 Month: 2.65% APY
$1000 for all terms
Money Market Account 0.3% APY $10

The Neffs National Bank 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 Neffs 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 Neffs National Bank's CD rates are fair compared to other U.S. banks.

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Find a The Neffs National Bank Near Me

The Neffs National Bank has one branches across the U.S.

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