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The Neffs National Bank Review

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We maintain strict editorial integrity in our writing and assessments. This post contains links from our advertisers, and we may receive compensation when you click these links. Any opinions, analyses, reviews or recommendations expressed in this article are those of the author’s alone. | Advertiser Disclosure We maintain strict editorial integrity in our writing and assessments. This post contains links from our advertisers, and we may receive compensation when you click these links. Any opinions, analyses, reviews or recommendations expressed in this article are those of the author’s alone. | Advertiser Disclosure
The Neffs National Bank Savings
0.20% APY
1. Overview 2. How We Rated It 3. Products Offered 4. Branch Locations

Overview

Founded in 1923, The Neffs National Bank has $349 million in assets 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 customer service, with no options for live chat or all-day service. It is a conventional brick-and-mortar bank with in-person service, in addition to its online and mobile offerings. At a SmartAsset rating of 4 stars out of 5, The Neffs National Bank should be near the middle of the pack in your search for a bank. The Neffs National Bank offers a complete suite of product offerings, which include savings accounts, checking accounts, money market accounts, CDs, IRAs and mortgage products. The Neffs National Bank has a fair savings rate; other popular banks have higher rates. If you're interested in stress-free personal checking, the bank's most basic checking account does not have a monthly maintenance fee. Obtaining a checking account with no monthly fee as well as a savings account with a high interest rate at the same bank is your best bet for gaining the most income from your deposits while maintaining convenient access to your money.

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

With a savings rate of 0.20%, The Neffs National Bank ranks poorly compared to the average U.S. bank. Its one-year CD has a rate of 1.90% and the five-year CD has a rate of 2.65%, while its highest-yielding money market account has a rate of 0.30%. Given The Neffs National Bank's noncompetitive savings rate, you should consider 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 generally has extremely low fees compared to the average U.S. bank. Its checking account has no monthly fee, ranking it excellent for anyone looking for a simple account. For those who will need cash in a pinch, The Neffs National Bank is perfect because it has no out-of-network ATM fees. The Neffs National Bank unfortunately doesn't refund out-of-network ATM charges, meaning you will have to locate 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 bank locations in Pennsylvania. With mobile and web apps, The Neffs National Bank makes account access easy, even on the go. You can utilize The Neffs National Bank's mobile app to control your bank accounts by monitoring current statements, sending and receiving money as well as accessing support representatives. The Neffs National Bank gets a superb consumer satisfaction score due to comparatively few consumer complaints brought to the Consumer Financial Protection Bureau (CFPB), a government-backed 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

4.8
SmartAsset Average: 4.8

The Neffs National Bank ranks as a small bank owning assets totaling $349 million and $278 million in deposits. The Neffs National Bank's Texas Ratio is 4.37%, signifying a low chance of 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: 1.90% 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 Accounts 0.3% APY 0.3% APY $10000 $15000

The Neffs 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 Neffs 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 Neffs National Bank's CD rates are fair as compared against the national average.

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Find a The Neffs National Bank Near Me

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

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