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  National Exchange Bank and Trust Statement Savings
National Exchange Bank and Trust Statement Savings Unaffiliated

National Exchange Bank and Trust Statement Savings

Unaffiliated
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Highlights
Monthly Fee $3.33
APY (Annual Percentage Yield) 0.05%
Minimum Balance to Earn APY N/A

National Exchange Bank and Trust Statement Savings Review

National Exchange Bank and Trust Statement Savings is offered by National Exchange Bank & Trust, a bank founded in 1933 and based in Fond du Lac, WI. National Exchange Bank and Trust Statement Savings is available in 1 state across the USA.

Key Takeaways

  • Higher than average APY. National Exchange Bank and Trust Statement Savings has an annual percentage yield of up to 0.05%, which is higher than the national average interest rate on savings accounts.
  • Charges a monthly fee. This account charges a monthly service fee of $3.33, but the fee is waived if you keep a minimum balance of $200.

National Exchange Bank and Trust Statement Savings Pros & Cons

Pros Cons
  • Interest-yielding account.
  • Access to physical branches.
  • No signup bonus.
  • Does not provide access to a nationwide ATM network.
  • Does not come with a debit card
  • Only available in one state.
  • Higher than average wire transfer fees.
  • Monthly service charge.

National Exchange Bank and Trust Statement Savings FAQ

Are savings accounts from National Exchange Bank & Trust federally insured?

Yes, this account is insured up to $250,000 per person by the Federal Deposit Insurance Corporation (FDIC #10044). The FDIC is an independent agency of the United States government that protects you against the loss of your insured deposits if an FDIC-insured bank or savings association fails. FDIC insurance is backed by the full faith and credit of the United States government.

Does National Exchange Bank & Trust offer a signup bonus?

National Exchange Bank and Trust Statement Savings doesn't offer a signup bonus.

What is the minimum initial deposit for National Exchange Bank and Trust Statement Savings?

The minimum deposit to open a National Exchange Bank and Trust Statement Savings is $50.
National Exchange Bank and Trust Statement Savings Minimums
Description
Minimum Balance to Avoid Monthly Fee Starting at $200
Minimum Opening Deposit Starting at $50

What APY does National Exchange Bank & Trust offer?

National Exchange Bank and Trust Statement Savings offers an APY of 0.05% (APY stands for annual percentage yield, rates may change).

The interest rate on a savings account or checking account can change based, in part, on what the Federal Reserve does. Note that the APY of a savings account is the amount of interest you will earn if you keep your money in the account for a full year expressed as a percentage. The difference between an APY and an interest rate is that the APY takes into account how often your money earns interest (or compounds). The more often your money compounds, the more it will earn. Savings accounts with an interest rate that compounds daily, for example, will earn a higher return (and therefore a higher APY) than savings accounts that compound annually.

What fees does National Exchange Bank and Trust Statement Savings charge?

This account charges a monthly service fee of $3.33. However, you can waive the monthly fees if you have a minimum daily balance of $200.

  • Outgoing domestic bank transfers come with a $25 fee.
  • Incoming domestic bank transfers come with a $15 fee.
  • Outgoing international bank transfers come with a $50 fee. You can save a ton of money in fees if you use use a nonbank money transfer service.
  • Incoming international bank transfers come with a $25 fee.
  • National Exchange Bank and Trust Statement Savings charges a $25 fee for an early account closure. Contact National Exchange Bank and Trust Statement Savings for more details on what is considered an early closure.

What features and perks does National Exchange Bank and Trust Statement Savings offer?

This savings account includes the following features:

  • Check images with monthly statement - Reconciling your accounts and complying with document retention standards is easier when you have access to a copy of your checks for each statement period.
  • Fraud monitoring - National Exchange Bank and Trust Statement Savings monitors transactions for potentially fraudulent activity, such as when a debit card is unexpectedly used in a different location, or you make a sudden string of costly purchases.
  • Mobile Banking Services - National Exchange Bank and Trust Statement Savings allows you to manage your money online or with a mobile app. This includes depositing checks in your account with a mobile app on your smartphone.

Can you set up a direct deposit to National Exchange Bank and Trust Statement Savings?

In most cases, the answer is yes. However, it depends on the direct deposit program your employer uses. Most direct deposit programs allow you to send your paycheck to a savings or checking account. In some cases, you can even split your paycheck between the two.

What is the customer support email for National Exchange Bank and Trust Statement Savings?

The customer support email for National Exchange Bank and Trust Statement Savings is businessbanking@nebat.com.

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Availability

  Available in 1 state
Wisconsin
Availabile in all of Wisconsin

Feature Breakdown

Minimum Balance to Avoid Monthly Fee Starting at $200
Minimum Opening Deposit Starting at $50
Early Account Closure $25
Monthly Fee $3.33
Returned Deposit Fee (Domestic) $12
Wire Transfer Fee - Domestic (Incoming) $15
Wire Transfer Fee - Domestic (Outgoing) $25
Wire Transfer Fee - International (Incoming) $25
Wire Transfer Fee - International (Outgoing) $50
Immigration Status Considered
  • U.S. Citizen
  • U.S. Permanent Resident
Verification Documents Required
  • Driver License (or other photo ID)
  • Proof of Identity
  • Government Issued Photo ID
  • Social Security Number
Account Features
  • Mobile Check Deposit
  • Interest Bearing Account
  • Check Images with Statement
  • Mobile Banking
  • Fraud Monitoring
  • Fraud Protection
  • Branch Access
  • Member FDIC
APY (Annual Percentage Yield) 0.05%

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