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The Nodaway Valley Bank Review

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The Nodaway Valley Bank Savings
0.15% APY
1. Overview 2. How We Rated It 3. Products Offered 4. Branch Locations

Overview

The Nodaway Valley Bank was founded in 1868 and its headquarters are located in Maryville, Missouri. It handles assets of $884 million and $738 million in deposits, ranking it as a medium-size bank. The Nodaway Valley Bank has above-average access to customer service with a live chat feature, which is helpful for those that work during typical customer service hours. It is a traditional brick-and-mortar bank with access to service representatives at a physical location, in addition to its online and mobile offerings. On the whole, The Nodaway Valley Bank is a good bank that deserves your consideration, with a score of 4.1 out of 5 stars from the SmartAsset experts. The Nodaway Valley Bank offers a full suite of product offerings, including savings accounts, checking accounts, money market accounts, CDs and credit cards. The Nodaway Valley Bank has a fair savings rate compared to the average savings account. Institutions that offer no-fee checking as well as a high interest rate savings account are the best bet for accruing the highest income from your deposits while maintaining easy access to your funds.

How We Rated It

SmartAsset's Overall Rating

4.1/5
National Average: 4.1

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

Rates

3.1
SmartAsset Average: 3.5

The Nodaway Valley Bank has a savings rate of 0.15%, which is fair compared to the average U.S. bank. Its one-year CD has a rate of 0.45% and the five-year CD has a rate of 1.25%, while its highest-yielding money market account has a rate of 0.10%. Given The Nodaway Valley Bank's poor savings rate, you should consider opting for higher earning savings accounts with other banks.

How The Nodaway Valley Bank's Savings Rates Compare

The Nodaway Valley Bank Savings 0.15 National Average 0.26 Compare Offers
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Fees

3.9
SmartAsset Average: 4.4

The Nodaway Valley Bank generally has above-average fees in comparison to the average U.S. bank. For those who will need cash in a pinch, it is not ideal because it has an out-of-network ATM fee of $3.50, which is less than great compared to the national average. Also, The Nodaway Valley Bank has an overdraft fee of $32.00, which is lower than the average overdraft fee charged by U.S. banks. The Nodaway Valley Bank unfortunately does not reimburse out-of-network ATM fees, meaning you'll be required to search for a The Nodaway Valley Bank ATM or accept the ATM charge.

Monthly Fee N/A National Average: $3.21
Non-network ATM Fee $3.50 National Average: $1.20
Overdraft Fee $32.00 National Average: $35.00
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Service Quality

4.2
SmartAsset Average: 3.7

The Nodaway Valley Bank is a brick-and-mortar bank, with eight total bank locations in Missouri. It also offers access to mobile and web apps for straightforward access and banking on the go. Additionally, The Nodaway Valley Bank offers a live chat feature, a helpful way to reach a representative during the work day. The Nodaway Valley Bank gets moderate feedback from users for its online presence. The The Nodaway Valley Bank mobile app has an overall rating of 3.9 out of 5 (with 110 customer reviews on Apple and Android) compared to the national average of 3.8. You can use The Nodaway Valley Bank's mobile app to control your bank accounts by checking current statements, sending and receiving money as well as accessing customer service. The Nodaway Valley Bank gets a superb consumer satisfaction score due to comparatively few consumer complaints filed with the Consumer Financial Protection Bureau (CFPB), a government-sponsored consumer protection agency.

Overall Mobile Rating 3.9/5
Consumer Satisfaction Rating 5.0/5
Online Banking Portal No
Live Chat Yes
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Financial Health

5.0
SmartAsset Average: 4.8

The Nodaway Valley Bank ranks as a medium-size bank owning assets totaling $884 million and $738 million in deposits. The Nodaway Valley Bank has an excellent Texas Ratio of 0.81%, signifying that The Nodaway Valley Bank is in excellent financial shape and improbable to fail. Additionally, The Nodaway Valley Bank 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 Nodaway Valley Bank to Other Competitive Offers

Products Offered

Product Current Terms and Rates Minimum Balance for APY
Savings Account 0.15% APY $1
Checking Account 0.05% APY $500
Certificates of Deposit
  • 12 Month: 0.45% APY
  • 24 Month: 0.65% APY
  • 36 Month: 0.80% APY
  • 48 Month: 1.00% APY
  • 60 Month: 1.25% APY
$500 for all terms
Money Market Accounts 0.1% APY 0.1% APY $10000 $15000

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

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Find a The Nodaway Valley Bank Near Me

The Nodaway Valley Bank has eight branches in the U.S.

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