National Bank of Commerce online banking TN 38150
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Unveiling the Path: Discovering the Best Local Banks and Bank Account Options in Memphis, TN

How to Search and Find The Best local banks and bank account selection information in Memphis, TN

What are local banks in USA?
Introduction:
Selecting the right bank and bank account is a significant step in managing your finances. In Memphis, Tennessee, there are numerous local banks offering a range of services to cater to your financial needs. However, finding the best fit can be a challenging task. This blog post aims to guide you through the process of searching and finding the best local banks and bank account selection information in Memphis, TN.

Commence Your Search:
To initiate your search, start by conducting thorough research to identify the local banks in Memphis. Utilize search engines, local directories, or review platforms to compile a list of potential banks. Consider factors such as reputation, stability, and community involvement to get an initial understanding of each bank.

Assess Your Banking Needs: Assess Your Banking Needs:
Before choosing a bank, assess your specific banking needs. Consider the types of accounts and services you require, such as checking accounts, savings accounts, loans, or credit cards. Evaluate your financial goals, transaction patterns, and any particular features you prioritize, such as online banking or access to physical branches.

Compare Account Options:
Once you have a list of potential banks, compare the account options they offer. Look for accounts that align with your needs and preferences. Consider features such as account fees, interest rates, minimum balance requirements, and additional perks like rewards programs or ATM access. Evaluate whether the bank offers a comprehensive suite of services to meet your financial requirements.

Evaluate Fee Structures:
Carefully review the fee structures of each bank. Assess monthly maintenance fees, ATM fees, overdraft fees, and transaction charges. Take note of any fee waivers or reduced charges based on maintaining a minimum balance or setting up direct deposits. Select a bank with fee structures that suit your financial habits and goals.

Consider Accessibility and Convenience:
Evaluate the accessibility and convenience of each bank. Determine the proximity of their branches and ATMs to your home, workplace, or frequently visited areas. Additionally, consider the availability and functionality of their online and mobile banking platforms. Robust digital banking services can provide convenience and flexibility for managing your accounts.

Research Customer Service:
Customer service is a vital aspect of your banking experience. Look for banks that prioritize exceptional customer service. Read online reviews, explore customer ratings, and consider any feedback regarding the quality of service provided by each bank. Reach out to the banks directly with any questions or concerns to assess their responsiveness and commitment to customer satisfaction.

Seek Personal Recommendations:
Seek recommendations from trusted sources such as friends, family, or colleagues who have experience with local banks in Memphis. Personal references can provide valuable insights and recommendations based on their own banking experiences. Inquire about their satisfaction with customer service, convenience, and any unique features or benefits offered by their respective banks.

Conclusion:
Finding the best local bank and bank account in Memphis, TN, requires careful research and consideration. By conducting comprehensive research, assessing your banking needs, comparing account options, evaluating fee structures, considering accessibility and convenience, researching customer service, and seeking personal recommendations, you can make an informed decision. The ideal bank and account should align with your financial goals, provide convenience, offer competitive fees, and prioritize excellent customer service. With the right choice, you can confidently manage your finances and embark on a path toward financial success in Memphis.

National Bank of Commerce


General Information | Financial Summary | Locations & Branches

National Bank of Commerce
1 Commerce Square
Memphis, TN 38150

1 Commerce Square, Memphis, TN 38150

Official website: N/A

Established in 1873-04-01, National Bank of Commerce is a commercial bank, national (federal) charter and Fed member, supervised by the Office of the Comptroller of the Currency (OCC), serving customers in Memphis Tennessee (TN) and many other cities.

The bank is currently closed (since 2005-04-22)

National Bank of Commerce Online Banking

Location: Memphis, Tennessee TN (County Shelby)

FDIC Certificate #: 4978

FDIC Geographic Region: Dallas - Arkansas, Colorado, Kentucky, Louisiana, Mississippi, New Mexico, Oklahoma, Tennessee, Texas

Chartering Agency: OCC - State and Federal Comptroller of the Currency

OCC Charter Number: 13681

OTS Docket Number (assigned by federal housing finance board - FHFB): 9645

Core Based Statistical Area (CBSA): Memphis, TN-MS-AR (CBSA#32820)

Consolidated Metropolitan Statistical Area (CMSA): N/A

Combined Statistical Area (CSA): Memphis-Forrest City, TN-MS-AR - CSA#368

Metropolitan Statistical Area (MSA): Memphis, TN-AR-MS - MSA#4920

Office of the Comptroller: Southeast - Alabama, Arkansas, Florida, Georgia, Louisiana, Mississippi, North Carolina, Oklahoma, South Carolina, Tennessee, Texas, Virginia, West Virginia

Office of Thrift Supervision (OTS) Region: Southeast

National Bank of Commerce Online Banking

National Bank of Commerce is

  • being operated in government conservatorship
  • an insured commercial bank
  • an FDIC Insured member
  • an Oakar Institutions

Insurance Fund Membership: Bank Insurance Fund (BIF)

Bank Holding Company: SUNTRUST BANKS INC

Bank Holding Company Type: Multibank Holding Companies

Number of Domestic Offices: 473

Number of Foreign Offices: 0

Regulator: Office of the Comptroller of the Currency (OCC)

Trust Powers: Trust Power Granted

Data by FIDC (The Federal Deposit Insurance Corporation), last update 2023-11-24

Daily Best Banks' CD Rates

Program
Rate
Bank
1 Yr
5.36%
CIBC Bank USA: 5.36% APY, $0 minimum deposit
1 Yr
5.31%
First Internet Bank of Indiana: 5.31% APY, $1,000 minimum deposit
1 Yr
5.27%
TAB Bank: 5.27% APY, $1,000 minimum deposit
1 Yr
5.25%
Bread Savings: 5.25% APY, $1,500 minimum deposit
1 Yr
5.20%
Limelight Bank: 5.20% APY, $1,000 minimum deposit
1 Yr
5.20%
Bask Bank: 5.20% APY, $1,000 minimum deposit
1 Yr
5.15%
LendingClub Bank: 5.15% APY, $2,500 minimum deposit
1 Yr
5.15%
Popular Direct: 5.15% APY, $10,000 minimum deposit
1 Yr
5.00%
Barclays Bank: 5.00% APY, $0 minimum deposit

*CD Rates are subject to change without notice and may vary from bank to bank and branch to branch. Please contact your local bank for updated bank CD rates.