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American First National Bank Review

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American First National Bank Savings
0.20% APY
1. Overview 2. How We Rated It 3. Products Offered 4. Branch Locations

Overview

Started in 1998, American First National Bank has assets totaling $1 billion and $1 billion in deposits, ranking it as a large bank. American First National Bank, whose headquarters are in Houston, Texas, lacks premium access to support representatives, with no live chat or all-day service options available. It is a traditional brick-and-mortar bank with in-person service, in addition to its online and mobile offerings. At a SmartAsset rating of 3.7 stars out of 5, American First National Bank should be near the middle of the pack in your search for a bank. American First National Bank provides customers with an array banking products, including savings accounts, checking accounts, CDs and IRAs. It has a fair savings rate compared to the average savings account. If you're interested in stress-free personal checking, American First National Bank offers an option without a maintenance or monthly fee. Obtaining a checking account with no monthly fee and a savings account with a high interest rate at the same bank is your best option for getting the most income from your deposits while having convenient access to your funds.

How We Rated It

SmartAsset's Overall Rating

3.7/5
National Average: 4.1

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

Rates

3.3
SmartAsset Average: 3.5

With a savings rate of 0.20%, American First National Bank ranks poorly compared to other U.S. banks. Its one-year CD earns at a rate of 0.60%, while its highest-yielding money market account has an APY of 0.30%. Given American First National Bank's noncompetitive savings rate, you should consider looking elsewhere to open savings accounts.

How American First National Bank's Savings Rates Compare

American First National Bank Savings 0.20 National Average 0.26 Compare Offers
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Fees

4.0
SmartAsset Average: 4.4

American First National Bank charges its customers average fees in comparison to other U.S. banks. American First National Bank's checking account has no monthly fee, making it excellent for anyone looking for a simple account. For those who use cash often, American First National Bank is fair because it charges an out-of-network ATM fee of $2.00, which is reasonable compared to other U.S. banks. American First National Bank unfortunately does not refund out-of-network ATM fees, meaning you will have to locate an American First National Bank ATM or eat the cost of withdrawal.

Monthly Fee $0 National Average: $3.21
Non-network ATM Fee $2.00 National Average: $1.20
Overdraft Fee N/A National Average: $35.00
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Service Quality

2.5
SmartAsset Average: 3.7

American First National Bank is a brick-and-mortar bank, with 17 total branches in California, Nevada and Texas. It also offers access to mobile and web apps for simple access and banking on the go. American First National Bank's mobile app allows you to manage your finances by monitoring current statements, transferring funds and reaching customer service. American First National Bank gets a superb consumer satisfaction score due to comparatively few complaints reported to the Consumer Financial Protection Bureau (CFPB), a government-backed consumer protection agency.

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

4.8
SmartAsset Average: 4.8

American First National Bank is a large bank and owns $1 billion in assets as well as $1 billion in deposits. Its Texas Ratio is 5.46%, denoting a tiny chance of failure. Additionally, American First National Bank is FDIC-insured, meaning that your money is insured up to $250,000, even in the event of bank failure.

Texas Ratio Analysis

5.46%
High Risk 75% 50% 20% 10% Low Risk

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 American First National Bank to Other Competitive Offers

Products Offered

Product Current Terms and Rates Minimum Balance for APY
Savings Account 0.2% APY $100
Checking Account 0.1% APY $1000
Certificates of Deposit
  • 12 Month: 0.60% APY
  • 24 Month: 0.70% APY
  • 36 Month: 0.85% APY
$1500 for all terms
Money Market Account 0.25% APY $10000

American First National Bank has several deposit products like savings accounts, checking accounts and CDs to give you many options to manage your money. American First National Bank does not have the best savings rate, which means you should think about 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. American First National Bank's CD rates are fair compared to the average U.S. bank.

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Find a American First National Bank Near Me

American First National Bank has 17 physical locations across the U.S.

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