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  National Exchange Bank and Trust Steps Savings

National Exchange Bank and Trust Steps Savings

in Savings Accounts from National Exchange Bank & Trust · fdic

Unaffiliated

National Exchange Bank and Trust Steps Savings

Unaffiliated

in Savings Accounts from National Exchange Bank & Trust · Member FDIC

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Highlights
Monthly Fee N/A
APY (Annual Percentage Yield) 0.15%
APY Minimum Balance N/A

National Exchange Bank and Trust Steps Savings Review

National Exchange Bank and Trust Steps 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 Steps Savings is available in 1 state across the USA.

Key Takeaways
  • Higher than average APY. National Exchange Bank and Trust Steps Savings has an annual percentage yield of up to 0.15%, which is higher than the national average interest rate on savings accounts.
National Exchange Bank and Trust Steps 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.
National Exchange Bank and Trust Steps Savings FAQ

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

Yes, your National Exchange Bank & Trust savings accounts are 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 Steps Savings doesn't offer a signup bonus.

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

The minimum deposit to open a National Exchange Bank and Trust Steps Savings is $25.
National Exchange Bank and Trust Steps Savings Minimums
Description
Minimum Combined Balance to Avoid Monthly Fee $100
Minimum Opening Deposit Starting at $25
Minimum Required Balance $100

What APY does National Exchange Bank & Trust offer?

National Exchange Bank and Trust Steps Savings offers an APY of 0.15% (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 Steps Savings charge?

National Exchange Bank and Trust Steps Savings does not charge a monthly service fee. See the fee breakdown section below to view all fees.

You can also waive the fee by keeping a combined balance of $100.

  • 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 Steps Savings charges a $25 fee for an early account closure. Contact National Exchange Bank and Trust Steps Savings for more details on what is considered an early closure.

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

This savings account includes the following features:

  • Fraud monitoring - National Exchange Bank and Trust Steps 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 Steps 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 Steps 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 Steps Savings?

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

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Availability

  Available in 1 state
Wisconsin
Availabile in all of Wisconsin

Feature Breakdown

Minimum Combined Balance to Avoid Monthly Fee $100
Minimum Opening Deposit Starting at $25
Minimum Required Balance $100
Early Account Closure $25
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
Account Features
  • Member FDIC
  • Branch Access
  • Fraud Protection
  • Fraud Monitoring
  • Mobile Banking
  • Interest Bearing Account
  • Mobile Check Deposit
APY (Annual Percentage Yield) 0.15%

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