Ephrata National Bank is one of the oldest and most trusted local banks in Lancaster County, Pennsylvania. The bank is a full-service bank offering everything from savings and checking accounts, to mortgages and retirement planning. The bank has a high-quality internet banking platform which allows customers to access their finances from anywhere, at any time.
What Is Ephrata National Bank?
The Ephrata National bank is a bank with a solid history. The bank was founded in 1881 and has its headquarters in Ephrata, PA. The bank is FDIC-insured, and its current equity totals about $98.2 million with $1.05 billion in assets. The bank has 268 full-time employees in 17 different locations in Pennsylvania. Ephrata National Bank has loans worth $620 million, and its customers have $880 million in deposits. The bank has a capital worth $100 million. The Ephrata National Bank management prides itself in offering straightforward service and caring about the customers.
The Ephrata bank is in good financial condition, and it has solid ratings from financial institution rating agencies. In addition, all customer deposits in the bank are insured by the Federal Deposit Insurance Corporation (FDIC) up to the amounts required by law.
The bank has a variety of savings account types. Its flagship savings account, the Statement Savings Account requires a minimum deposit of $100 to open. You must maintain that $100 minimum balance to avoid the $5 monthly fee. The bank also offers the Super Saver account to encourage children under the age of 19 to save up for the future. The company also offers a Health Savings Account (HSA). Account balances with this account roll over from year to year. These types of account have annual contribution limits which are tax-free.
Money Market Account at Ephrata National Bank
The Money Market Account at this bank stands out because it has a minimum deposit of just $2,500. You must maintain a minimum of $2,500 to avoid the $10 monthly fee. However, there is no minimum balance required to earn interest.
Interest rates for the bank's Money Market Account are as follows:
- Deposits of $0 to $9,000 yield at an interest at a rate of 0.10 percent APY
- Deposits of $10,000 to $49,999 get an interest at a rate of 0.15 percent APY
- Deposits of $50,000 to $99,999 get yields at a rate of 0.20 percent APY
- Deposit of $100,000 to $499,999 get yields at a rate of 0.35 percent APY
- Deposits of $500,000 to $999,000 get interest of 0.40 percent APY
- Deposits of $1,000,000 and above get the rate of 0.45 percent APY
Certificates of Deposit and IRAs
Ephrata National Bank offers investment services including Certificates of Deposit (CDs) and Individual Retirement Accounts (IRAs). The Bank's CDs have terms ranging from 15 days to five years. Such accounts give customers a few tax benefits.
Special rates for CDs and IRAs at Ephrata National are as follows:
- 15-month CD account requires a minimum of $500 to open, and APY rates range from 1.645 percent to 1.75 percent.
- 59 month CD and IRAs, has a minimum opening deposit of $500 and APY rates range from 2.35 percent to 2.45 percent.
Ephrata National Bank Checking Account
One of the major enticements Ephrata National Bank has is its checking accounts. These accounts, which can be tailored to the member's needs, don't have monthly fees. Customers are not charged a minimum balance fee, and they don't pay per check fees. There is no direct deposit requirement although a minimum of $50 is required to open a checking account.
The bank's interest checking accounts also stand out because customers can get yields at competitive interest rates. The catch is that customers must initially deposit and maintain a minimum balance of $1,000. Interest rates for interest checking accounts range from 0.10 percent APY for deposits less than $50,000 to 0.30 percent APY for deposits over $500,000.
The bank also has specialty checking accounts for teenagers and seniors. The My Checking 101 account is targeted at teens and young adults aged 16 to 25. This account has a minimum deposit of $25 during opening and has no fee or minimum balance requirement. In addition, the account entitles customers to free first order checks.
The checking account for seniors, the Carefree Club 50 checking account allows seniors to transact easily. In addition to the other benefits of Ephrata National Bank checking accounts, the bank mails statements for free. The bank also gives customers a $5 discount on safe deposit box rentals. Customers also get free financial advice.
Debit and Credit Cards
The bank offers MasterCard debit and credit cards. Their debit cards can be used to access a number of ATMs. These cards offer benefits for the MasterCard SecureCode service that protects cards from unauthorized use at certain online stores. The bank's offerings also include several credit cards. These cards have EMV smart chip technology for security. The bank's credit cards include the Visa Platinum Card, the Cash Rewards American Express Card, the Visa Secured Card, the Visa College Real Rewards Card, and the Premier Rewards American Express Card.
The bank's personal loan portfolio includes the following products:
- Unsecured fixed-rate loans
- Unsecured personal lines of credit
- Car and vehicle loans
- Student loans
- Certificates of Deposit secured loans
Other Services by Ephrata National Bank
The bank offers several mortgage services including the following:
- Conventional loans
- FHA Loans
- Home equity, HELOC
- VA loans
- USDA loans
- Low or no down payment loans
The bank also offers merchant services including point of sale terminals, EMV chip card processing, e-commerce payment systems, gift card services, and virtual terminals for mobile card processing. The bank also offers investment management services to customers The bank's services to business customers include some targeted at farms and the agricultural industry.
Branches & Locations
Don't let “national” in the bank's name deceive you because there is nothing national about the bank's branch and ATM network. Although the bank can technically cater to customers around the nation, its target population are those living in Lancaster, Lebanon, and Berks Counties in Pennsylvania. All the 17 branches of this bank are located in central Pennsylvania. The bank's main office is located in Ephrata, PA. Other branches and ATM locations, mostly in Lancaster County, are located in the following cities/towns:
- East Earl
- Denver, PA
- New Holland
Ephrata National Bank is part of the STAR ATM network. This network is the largest ATM network in the US, and it gives customers of member banks access to over 2 million ATMs all over the country.
Mobile Apps & Online Banking
Ephrata National Bank offers a free online banking platform for most account types. The online banking service was recently upgraded. To access this service, click on the "Online Banking Login" on the top left panel on the bank's official site takes you to the bank's online banking platform.
You can also access online banking through this link: https://www.epnb.com/personal-banking/online-banking. To login into your online account, you must enter your Login ID and Password. You can apply for online banking online or at one of the bank's locations.
Services you can access through Ephrata Bank's online banking include the following:
- Bill pay
- Viewing and printing statements
- Viewing account balances
- Transferring funds between accounts
- Viewing and downloading transaction history
- Setting up alerts
- Ordering checks
- Placing stop payments on checks
- Changing address info
Ephrata National Bank Mobile Banking
The bank has an iOS and Android app called ENB Bank on the Go! This app enables customers to enjoy the same services they can get from online banking through their mobile devices. Ephrata National members can check balances, pay bills, transfer funds, find ATM and branch locations, and call the bank using one tap through the app.
Ephrata National Bank has a telephone banking service that allows customers to access their accounts through the phone. To set this service up, customers are required to call (888) 879-2265. Pressing the following codes enables customers to access various services:
- 1 is for fund transfer and account info
- 2 is for instruction on how to use the telephone service
- 3 is for branch and ATM locations
- 4 is for interest rate info
- 9 is for repeating the menu
- 0 is for speaking with a customer service rep
Ephrata National Bank is a major player in the local Central Pennsylvania banking industry. This bank offers a huge selection of personal and business banking solutions in addition to credit and wealth management services. The bank's checking accounts stand out because they have no minimum deposit requirements or monthly fees.
Although the bank has less than two dozen branches in three counties of Pennsylvania, customers can access their accounts through the STAR ATM network. The bank's solid online banking platform and its ENB on The Go! iOS and Android mobile apps allow customers to conduct transactions any time of day or night.