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The Security National Bank of Sioux City 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 Security National Bank of Sioux City Savings
0.05% APY
1. Overview 2. How We Rated It 3. Products Offered 4. Branch Locations

Overview

The Security National Bank of Sioux City first started operating in 1884 with its headquarters in Sioux City, Iowa. It handles $953 million in assets as well as $760 million in deposits, making it a medium-size bank. The Security National Bank of Sioux City lacks premium access to support representatives, with no live chat or all-day service options available. 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 an average 3.9 out of 5 stars, The Security National Bank of Sioux City is a good bank that should be given a look. The Security National Bank of Sioux City provides customers with a full selection of banking products, including savings accounts, checking accounts, money market accounts, CDs, IRAs, brokerage accounts, mortgage products and credit cards. The Security National Bank of Sioux City has a fair savings rate compared to the average savings account. Using a bank with free checking, in addition to a high savings APY is your best bet for gaining the highest income from your deposits alongside easy access to your funds.

How We Rated It

SmartAsset's Overall Rating

3.9/5
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 Security National Bank of Sioux City features a savings rate of 0.05%, which is fair as compared against the national average. Its one-year CD earns at a rate of 0.25% and the five-year CD has a rate of 1.11%, while its highest-yielding money market account has a rate of 0.08%. Given its below average savings rate, you should think about opting for higher earning savings accounts with other banks.

How The Security National Bank of Sioux City's Savings Rates Compare

The Security National Bank of Sioux City Savings 0.05 National Average 0.26 Compare Offers
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Fees

NR
SmartAsset Average: 4.4

There is insufficient data on The Security National Bank of Sioux City's fees to provide a full SmartAsset rating.

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

4.0
SmartAsset Average: 3.7

The Security National Bank of Sioux City is a brick-and-mortar bank, with nine total bank locations in Iowa. It also offers access to mobile and web apps for simple access and banking on the go. The Security National Bank of Sioux City receives moderately satisfactory ratings from customers for its online presence. The The Security National Bank of Sioux City mobile app has been given a 4.1 out of 5 (with 41 customer reviews on Apple and Android) compared to the national average of 3.8. The Security National Bank of Sioux City's mobile app allows you to control your bank accounts by looking at monthly statements, transferring money and reaching customer service. The Security National Bank of Sioux City receives a superb consumer satisfaction rating due to relatively few consumer complaints registered with the Consumer Financial Protection Bureau (CFPB), a government-backed consumer protection agency.

Overall Mobile Rating 4.1/5
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 Security National Bank of Sioux City is currently a medium-size bank and manages assets totaling $953 million as well as deposits totaling $760 million. Its Texas Ratio is 4.80%, indicating that The Security National Bank of Sioux City is in superb financial condition and far from failure. Additionally, The Security National Bank of Sioux City is FDIC-insured, meaning that your money is insured up to $250,000, even in the event of bank failure.

Texas Ratio Analysis

4.8%
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 Security National Bank of Sioux City to Other Competitive Offers

Products Offered

Product Current Terms and Rates Minimum Balance for APY
Savings Account 0.05% APY $200
Checking Account 0.05% APY $500
Certificates of Deposit
  • 12 Month: 0.25% APY
  • 24 Month: 0.15% APY
  • 36 Month: 0.60% APY
  • 48 Month: 0.70% APY
  • 60 Month: 1.11% APY
$1000 for all terms
Money Market Accounts 0.08% APY 0.08% APY $10000 $15000

The Security National Bank of Sioux City 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 Security National Bank of Sioux City 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 Security National Bank of Sioux City's CD rates are fair in comparison to the average U.S. bank.

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Find a The Security National Bank of Sioux City Near Me

The Security National Bank of Sioux City has nine physical branches in the U.S.

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