Center National Bank
Popular Accounts at this Bank
| APY | ACCOUNT TYPE | HOW THEY COMPARE |
|---|---|---|
| 2.02% | Reward Checking | 2.06% - National Average |
| 1.15% | 5-year CD | |
| 0.25% | 1-year CD | 2.65% - Barclays 12 Month Online CD |
Center National Bank is headquartered in Litchfield and is the 97th largest bank in the state of Minnesota. It is also the 2,971st largest bank in the nation. It was established in 1891 and as of September of 2018, it had grown to 34 employees at 2 locations. Center National Bank has an A health rating.
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Nothing Bad To Say
This bank is the only one that I have delt with that consistantly has good customer service (I have used both the Litchfield and Plymoth branches) and a great interest rate.
Being a small bank they do lack some services like having forien currency availible. But they more than make up for it in other ways.
I am a Center Customer and I recomend them to all my freinds.
Amount Dropping In June
The rate is still 4.11% but the amount is dropping to $10,000 in June 2011.
I Had A Wonderful Experience At Center National Bank
I had a wonderful experience at Center National Bank. My Rewards Checking works well for me. I have no problem reaching my 10 debit card transactions. (Actually I make over 30 a month). And I was surprised how much interest 4.11% adds up to! I don't use an ATM machine every day, but when I do I can go to any ATM and the bank will reimburse me for the charge. Nobody likes an ATM fee.
This Rewards Checking actually works better for me than using a "Rewards", "Cash Back" or “Points” credit card. I think of it this way, I'm earning on what I SAVE not what I SPEND. And in an economy like this, that is a smarter option for me.
The service was great too; they aren’t pushy like most of the larger banks. I opened my account at the Plymouth branch which is closer to my house.
You should check it out.
BAD SERVICE
I had gone to Litchfields MN Center Bank. As I was walking into the bank two people were asking a teller questions about their account. The younger teller refused to answer questions about the account. The one customer asked if she was in training. I was thinking the customer was going to get help to answer the questions that were important to her. The teller rolled her eyes not once but twice at them. The lady asked please do not roll your eyes at us. The older teller next to the young teller yelled very loud at both of them. The lady at the door also did. Both of these tellers and the lady by the door at the desk should of been fired. Or quit. I had to write this review to really let people know you can come to this bank but you will get bad service. I felt like running after these people and ask if they were okay? I felt bad for those nice people.
Data as of Q3 2018
Learn why bank health mattersHealth Grade Components
| Overall | |
|---|---|
| FDIC Certificate # | 10976 |
| Year Established | 1891 |
| Employees | 34 |
| Primary Regulator | OCC |
| Profit Margin | |
|---|---|
| Return on Assets - YTD | 1.39% |
| Return on Equity - YTD | 13.1% |
| Annual Interest Income | $5.5MM |
| Assets and Liabilities | ||
|---|---|---|
| Assets | Q3 2018vs Q3 2017 | $192.9MM$194.4MM |
| Loans | Q3 2018vs Q3 2017 | $111.0MM$85.4MM |
| Deposits | Q3 2018vs Q3 2017 | $157.0MM$161.3MM |
| Equity Capital | Q3 2018vs Q3 2017 | $20.7MM$21.8MM |
| Loan Loss Allowance | Q3 2018vs Q3 2017 | $1.2MM$1.2MM |
| Unbacked Noncurrent Loans | Q3 2018vs Q3 2017 | $4.00K$1,000 |
| Real Estate Owned | Q3 2018vs Q3 2017 | $0$0 |
Always verify rates and promotions with the bank or credit union. We are not Center National Bank; we are a rate comparison website and cannot provide official rates or promotions.
* The APY shown varies based on the deposit amount. Expand the listing to see APYs for other deposit amounts.
Center National Bank Savings Account Rates
| APY | MIN | MAX | ACCOUNT NAME | VIEW DETAILS |
|---|---|---|---|---|
| 0.10% | - | - | Business Earnings Credit | |
| 0.05% | $200 | - | Regular Savings | |
| 0.05% | $50 | - | Thrift Savings |
Center National Bank Money Market Rates
| APY | MIN | MAX | ACCOUNT NAME | VIEW DETAILS | |
|---|---|---|---|---|---|
| 0.20% | $25k | - | Money Market Gold | ||
| 0.15%* | $10k* | - | Money Market Savings | ||
| OTHER TIERS: 0.05% → Up to $2.5k | 0.10% → $2.5k - $10k | |||||
Center National Bank Checking Account Rates
| APY | MIN | MAX | ACCOUNT NAME | VIEW DETAILS | |
|---|---|---|---|---|---|
| 2.02%* | - | $10k | Center Rewards Checking Account | ||
| OTHER TIERS: 0.15% → $10k+ | |||||
| 0.05% | $500 | - | Interest Checking | ||
Center National Bank CD Rates
| APY | MIN | MAX | ACCOUNT NAME | VIEW DETAILS |
|---|---|---|---|---|
| 1.15% | $500 | - | 60 Month CD | |
| 0.95% | $500 | - | 48 Month CD | |
| 0.85% | $500 | - | 36 Month CD | |
| 0.60% | $500 | - | 24 Month CD | |
| 0.25% | $500 | - | 12 Month CD | |
| 0.15% | $500 | - | 6 Month CD |
| Center National Bank Locations | ||
|---|---|---|
| Center National Bank Branch | 15705 37th Ave North | Plymouth, MN 55446 |
| Center National Bank | 301 North Ramsey Avenue | Litchfield, MN 55355 |