City National Bank in New York, NY
City National Bank is an FDIC-insured bank subsidiary of Royal Bank of Canada offering personal, private, and business banking with multiple New York locations.
Data compiled from public sources · Rating from CreditDoc methodology
City National Bank Review
City National Bank was founded in 1954 and has over 70 years of experience in relationship banking. The bank is a subsidiary of Royal Bank of Canada, one of the world's largest financial institutions, and operates multiple branches throughout New York City including locations on 6th Avenue, Park Avenue, Park Avenue South, Manhattan West, and Flatiron. The organization emphasizes personal banking relationships and customized financial solutions rather than one-size-fits-all approaches.
City National Bank offers a comprehensive suite of banking products and services including checking and savings accounts, certificates of deposit (CDs), personal and home loans, credit card applications, investment banking, wealth management, brokerage services, and software solutions. The bank also provides financial advisory services through experienced relationship managers. Currently, they are promoting a special 6-month fixed-rate CD at 3.82% APY for new money deposits. Both personal and business banking customers can access these services during standard business hours or through extended ATM access.
The bank distinguishes itself through its emphasis on relationship banking and personalized client service. City National positions itself as going "further than the competition" by getting to know clients' particular circumstances and financial goals to provide custom-fit solutions. The organization is also committed to workplace diversity, equity, and inclusion initiatives. With multiple Manhattan locations and extended ATM hours (6 AM to 11 PM daily), the bank provides convenient access for urban professionals and businesses.
As a full-service bank subsidiary of a major international banking corporation, City National Bank is best suited for customers seeking traditional banking services with emphasis on personalized relationship management. However, the website provides limited information about deposit insurance specifics, fee structures, interest rates on checking/savings accounts, loan terms, or competitive product comparisons. Customers should contact the bank directly or review their full website for detailed product terms and conditions.
Services & Features
Feature Checklist
Pros & Cons
Pros
- Multiple Manhattan locations with convenient access (6th Avenue, Park Avenue, Park Avenue South, Manhattan West, Flatiron)
- Extended ATM hours (6 AM to 11 PM daily) providing 24/7 cash access
- FDIC-insured bank backed by Royal Bank of Canada, one of the world's largest banks
- Full suite of banking services including personal, business, wealth management, and brokerage services
- Experienced relationship managers available for financial advisory and appointment-based service
- Competitive current CD rate at 3.82% APY on 6-month fixed-rate certificates
- Over 70 years of banking history and established reputation since 1954
Cons
- Limited branch hours (8:30 AM to 5:00 PM weekdays, closed weekends) restricts in-person access for working professionals
- Website does not disclose checking or savings account interest rates, making rate comparison difficult
- No information provided about monthly fees, minimum balance requirements, or other account charges
- Limited transparency on loan terms, rates, and approval processes for personal and home loans
- No online account opening option mentioned; customers must visit a branch or contact the bank
Rating Breakdown
Frequently Asked Questions
Is City National Bank legitimate?
Yes. City National Bank is a registered company, headquartered in 1140 6th Ave, New York, NY 10036.
Quick Facts
- Headquarters
- 1140 6th Ave, New York, NY 10036
- BBB Accredited
- No
- Starting Price
- Contact provider
- Setup Fee
- None
- Money-Back Guarantee
- No
CreditDoc Diagnosis
Doctor's Verdict on City National Bank
City National Bank is best for New York City-based customers and businesses seeking full-service traditional banking with personalized relationship management from an established, FDIC-insured institution. The primary caveat is that the website lacks detailed information about rates, fees, and product terms—customers will need to contact the bank directly or visit a branch for specific account pricing and loan terms before deciding.
CFPB Transparency Report
Public data from the Consumer Financial Protection Bureau
- Issues Resolved
- 98.7%
- Timely Responses
- 98.3%
Source: consumerfinance.gov | Last checked 2026-04-30
Best For
- New York City professionals and business owners seeking relationship-based banking with personalized service
- Customers looking for CD investments with competitive rates from an established FDIC-insured institution
- Businesses needing comprehensive banking solutions including business accounts, loans, and advisory services
- Affluent individuals interested in wealth management and private banking services
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