NBT Bank Rates and Review

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NBT Bank review

NBT Bank, N.A., was established in 1856 as the National Bank And Trust Company Of Norwich. Today(2010) it has three branches in Norwich, NY, but its headquarters are Friendsville, Penn.

To celebrate its 150th anniversary, the bank published an award-winning book about its history. It has dozens of offices in upstate New York as well as an affiliate, Pennstar Bank, that operates multiple Pennsylvania branches.


A key feature of this bank is its online banking service. This includes an online mortgage resource center where customers can apply for traditional mortgages as well as jumbo mortgages. Personal and business customers can both enjoy full access 24-7 Internet banking.

Checking account options

Customers seeking out the bank's best checking account options can select from:

  • Classic free checking account
  • Classic interest-bearing checking account
  • Premium money market account

For a low fee, customers can upgrade some of these accounts with a Premium Package, which includes perks such as discounts on services obtained through certain vision plans and prescription drug plans.

Savings account options

Customers who want the best savings account can select from:

  • Statement savings
  • CD accounts
  • Options account (a CD that reflects rising interest rates)
  • IRA CD
  • Tiered rate IRA
  • Money market account
  • Kids' savings account
  • Savings with trusts and investments

NBT Bank awards and achievements

In addition to receiving awards for its book, NBT Bank itself has received many honors. Recognition in 2009 alone included Top Ten ranking by Forbes of the nation's best banks, ranking #13 out of 150 in financial performance as determined by Bank Director magazine and scoring the highest possible rating in customer satisfaction when compared to other large retail banks by the American Customer Satisfaction Index.

Deposit insurance

NBT Bank, N.A. is a member bank of the Federal Deposit Insurance Corporation. The temporary increase in FDIC coverage from $100,000 to $250,000 per depositor was made permanent in July 2010. All eligible deposits are FDIC-insured up to at least $250,000 per depositor. Joint accounts are FDIC-insured up to at least $250,000 per account holder.

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