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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


Established in 2007, 1st Capital Bank has assets totaling $580 million as well as $526 million in deposits, ranking it as a medium-size bank. 1st Capital Bank, whose headquarters are in Salinas, California, lacks premium access to support representatives, with no options for live chat or all-day service. It is a conventional brick-and-mortar bank with access to service representatives at a physical location, 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 our team. 1st Capital Bank offers a varied selection of product offerings, including savings accounts, checking accounts, money market accounts, CDs and IRAs. It has a fair savings rate compared to the average savings account. Banks that offer free checking as well as a high interest rate savings account are the best bet for getting the highest income from your deposits alongside easy 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

With a savings rate of 0.03%, 1st Capital Bank ranks poorly as compared against the national average. Its one-year and five-year term lengths CDs earn at a rate of 0.20% and 0.30%, respectively, while its highest-yielding money market account has a rate of 0.05%. Given 1st Capital Bank's below average savings rate, you should think about looking at the competition to open savings accounts.

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. With mobile and web apps, 1st Capital Bank makes account access easy, even on the go. 1st Capital Bank's online and mobile banking services receive great feedback from users. With 13 ratings across Apple and Android platforms, the 1st Capital Bank mobile app rates a 4.5 out of 5 (compared to the national average of 3.8). 1st Capital Bank's mobile app lets you control your accounts by reviewing monthly statements, transferring money as well as reaching customer service. 1st Capital Bank receives an exceptional consumer satisfaction rating due to relatively few complaints reported to 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 a medium-size bank with $580 million in assets as well as $526 million in deposits. It has an excellent Texas Ratio of 0.44%, signifying that the bank is in superb financial shape and far from 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 compared to other U.S. banks.

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Find a 1st Capital Bank Near Me

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

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