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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 with headquarters in Maryville, Missouri. It owns $884 million in assets as well as $738 million in deposits, making it 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 conventional 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 respectable bank that deserves your consideration, with a rating of 4.1 stars out of 5 from the SmartAsset team. The Nodaway Valley Bank provides customers with a full array of product offerings, which include savings accounts, checking accounts, money market accounts, CDs and credit cards. It has a fair savings rate; other popular banks have higher rates. Locating an institution with free checking, in addition to a high savings APY is the best bet for accruing the most income on your deposits while maintaining convenient 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 features a savings rate of 0.15%, which is fair compared to the national average. The Nodaway Valley Bank's one-year CD has a rate of 0.45% and the five-year CD earns at a rate of 1.25%, while its highest-yielding money market account has a rate of 0.10%. Given its noncompetitive savings rate, you should think about 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 has typically above-average fees in comparison to other U.S. banks. For those who will need cash in a pinch, it is not great because it charges an out-of-network ATM fee of $3.50, which is less than great in comparison to the average U.S. bank. Also, at $32.00, its overdraft fee is significantly lower than the average U.S. overdraft fee. The Nodaway Valley Bank unfortunately doesn't refund out-of-network ATM fees, meaning you will have to find a The Nodaway Valley Bank ATM or pay the cost of withdrawal.

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 easy access and banking on the go. The Nodaway Valley Bank also offers a live chat feature, an alternative customer service tool if you can't call in during business hours. The Nodaway Valley Bank receives fair feedback from customers for its online presence. The The Nodaway Valley Bank mobile app is rated at 3.9 out of 5 (out of 110 reviews on iOS and Android) compared to the national average of 3.8. The Nodaway Valley Bank's mobile app lets you manage your finances by reviewing account balances, sending and receiving money as well as reaching customer service. The Nodaway Valley Bank gets an outstanding consumer satisfaction score due to comparatively few complaints reported to the Consumer Financial Protection Bureau (CFPB), a government agency that protects consumers in the financial sector.

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 is a medium-size bank owning assets totaling $884 million as well as $738 million in deposits. The Nodaway Valley Bank's Texas Ratio is 0.81%, indicating a low probability of failure. 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 Account 0.1% APY $10000

The Nodaway Valley Bank has several deposit products including savings accounts, checking accounts, money market accounts and CDs to give you many options to manage your money. The Nodaway Valley 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 Nodaway Valley Bank's CD rates are fair in comparison to other U.S. banks.

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Find a The Nodaway Valley Bank Near Me

The Nodaway Valley Bank has eight physical locations in the U.S.

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