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The Security National Bank of Sioux City Review

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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

Established in 1884, The Security National Bank of Sioux City has $953 million in assets as well as $760 million in deposits, classifying the institution as a medium-size bank. The Security National Bank of Sioux City, whose headquarters are in Sioux City, Iowa, 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 access to service representatives at a physical location, in addition to its online and mobile apps. SmartAsset experts rated The Security National Bank of Sioux City 3.9 stars out of 5, suggesting it is a respectable bank that you should consider. The Security National Bank of Sioux City provides customers with a diverse array of product offerings, which include 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; you can find higher rates with other banks. Using a bank with no-fee checking as well as a high interest rate savings account is the best option for getting the highest income from your deposits while maintaining convenient 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 in comparison to the average U.S. bank. The Security National Bank of Sioux City's one-year CD has a rate of 0.10% and the five-year CD earns at a rate of 1.11%, while its highest-yielding money market account has an APY of 0.08%. Given The Security National Bank of Sioux City's poor savings rate, you should think about taking a look at other banks for savings accounts.

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. With mobile and web apps, The Security National Bank of Sioux City makes account access convenient, even on the go. The Security National Bank of Sioux City's online and mobile banking platforms get relatively good ratings from users. Out of 41 customer reviews across both iOS and Android platforms, the The Security National Bank of Sioux City mobile app is scored at 4.1 out of 5 (compared to the national average of 3.8). You can utilize The Security National Bank of Sioux City's mobile app to control your accounts by checking current statements, sending and receiving money and reaching customer service. The Security National Bank of Sioux City gets an exceptional consumer satisfaction rating based on comparatively few consumer complaints filed with the Consumer Financial Protection Bureau (CFPB), a government-sponsored 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 owning $953 million in assets and deposits totaling $760 million. The Security National Bank of Sioux City's Texas Ratio is 4.80%, suggesting that The Security National Bank of Sioux City is in terrific financial shape and improbable to fail. 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: 0.10% 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 Account 0.08% APY $2500

The Security National Bank of Sioux City offers 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 think about taking a look 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 as compared against the national average.

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Find a The Security National Bank of Sioux City Near Me

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

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