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1st Capital Bank Review

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1st Capital Bank Savings
0.03% APY
1. Overview 2. How We Rated It 3. Products Offered 4. Branch Locations


Founded in 2007, 1st Capital Bank has assets totaling $580 million as well as deposits totaling $526 million, ranking the institution as a medium-size bank. 1st Capital Bank, whose headquarters are in Salinas, California, lacks premium access to support representatives, with no live chat or all-day service options available. It is a conventional brick-and-mortar bank with in-person service, in addition to its online and mobile offerings. Overall, 1st Capital Bank is a good bank that deserves your consideration, with a rating of 4.0 stars out of 5 from the SmartAsset team. 1st Capital Bank has a full array of product offerings, including savings accounts, checking accounts, money market accounts, CDs and IRAs. 1st Capital Bank has a fair savings rate; other popular banks have higher rates. Finding a bank with no-fee checking and a high interest rate savings account is your best bet for getting the highest income on your deposits alongside convenient access to your money.

How We Rated It

SmartAsset's Overall Rating

National Average: 4.1

The overall rating is a weighted average of rates, fees, service quality and financial health.Read more


SmartAsset Average: 3.5

1st Capital Bank has a savings rate of 0.03%, which is fair in comparison to the average U.S. bank. Its one-year CD earns at a rate of 0.20% and the five-year CD earns at a rate of 0.30%, while its highest-yielding money market account earns at an APY of 0.05%. Given 1st Capital Bank's poor savings rate, you should think about choosing another bank to earn more on your deposits.

How 1st Capital Bank's Savings Rates Compare

1st Capital Bank Savings 0.03 National Average 0.26 Compare Offers
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SmartAsset Average: 4.4

There is insufficient data on 1st Capital Bank's fees to provide a full SmartAsset rating.

Monthly Fee N/A National Average: $3.21
Non-network ATM Fee N/A National Average: $1.20
Overdraft Fee N/A National Average: $35.00
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Service Quality

SmartAsset Average: 3.7

1st Capital Bank is a brick-and-mortar bank, with six total branches in California. It also offers access to mobile and web apps for straightforward access and banking on the go. 1st Capital Bank's online and mobile banking platforms get great feedback from users. Out of 13 ratings across iOS and Android platforms, the 1st Capital Bank mobile app has an overall rating of 4.5 out of 5 (compared to the national average of 3.8). You can utilize 1st Capital Bank's app to manage your finances by reviewing current statements, transferring money and reaching support representatives. 1st Capital Bank receives an excellent consumer satisfaction rating due to relatively few complaints filed with the Consumer Financial Protection Bureau (CFPB), a government financial agency that protects consumers in the financial sector.

Overall Mobile Rating 4.5/5
Consumer Satisfaction Rating 5.0/5
Online Banking Portal No
Live Chat No
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Financial Health

SmartAsset Average: 4.8

1st Capital Bank is currently a medium-size bank owning $580 million in assets as well as deposits totaling $526 million. Its Texas Ratio is 0.44%, signifying a negligible likelihood of failure. Additionally, 1st Capital Bank is FDIC-insured, meaning that your money is insured up to $250,000, even in the event of bank failure.

Texas Ratio Analysis

The Texas Ratio, a measure of a "bad assets" against available capital, can provide an early warning sign of bank failure. A low ratio indicates smaller chance of failure; a higher ratio suggests greater risk.

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Compare 1st Capital Bank to Other Competitive Offers

Products Offered

Product Current Terms and Rates Minimum Balance for APY
Savings Account 0.03% APY $2500
Checking Account 0.02% APY $2500
Certificates of Deposit
  • 12 Month: 0.20% APY
  • 24 Month: 0.30% APY
  • 36 Month: 0.30% APY
  • 48 Month: 0.30% APY
  • 60 Month: 0.30% APY
$10000 for all terms
Money Market Account 0.05% APY $10000

1st Capital Bank has several deposit products including savings accounts, checking accounts, money market accounts and CDs that provide you with many options to manage your money. 1st Capital Bank does not have the best savings rate, which means you should consider other options for banks that deliver more return for your money. CDs can be a terrific option to achieve higher returns, but there are limitations to accessing your money. 1st Capital Bank's CD rates are fair in comparison to other U.S. banks.

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Find a 1st Capital Bank Near Me

1st Capital Bank has six locations in the U.S.

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