Established in 1861, DNB First Bank has assets totaling $1 billion as well as $862 million in deposits, which makes the institution a medium-size bank. DNB First, whose headquarters are in Downingtown, Pennsylvania, 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 apps. With a score of 4.2 stars out of 5, DNB First should be solidly in contention for your choice of bank. DNB First has a complete suite of product offerings, including savings accounts, checking accounts, money market accounts, CDs, IRAs, mortgage products and credit cards. It has a fair savings rate compared to the average savings account. If you're looking for a checking account for everyday use, the bank's standard checking account does not carry a monthly maintenance charge. Finding an institution with free checking as well as a high savings APY is your best option for returning the most income from your deposits while maintaining easy access to your funds.
The overall rating is a weighted average of rates, fees, service quality and financial health.Read more
DNB First has a savings rate of 0.50%, which is fair in comparison to the average U.S. bank. DNB First's CD rates are 2.35% and 3.00% for the one-year and five-year term lengths, respectively, while its highest-yielding money market account earns at an APY of 0.65%. Given DNB First's below average savings rate, you should consider choosing another bank to earn more on your deposits.
How DNB First's Savings Rates Compare
On average, DNB First charges its customers above-average fees as compared against the national average. DNB First's checking account has no monthly fee, making it excellent for anyone looking for a simple account. For those who often frequent the ATM, DNB First is fair because it has an out-of-network ATM fee of $2.00, which is reasonable as compared against the national average. Additionally, DNB First has an overdraft fee of $38.00, which is noticeably higher than the national average. DNB First doesn't refund out-of-network ATM fees, which means you'll need to search for a DNB First ATM or accept the ATM charge.
DNB First Bank is a brick-and-mortar bank, with 16 total bank locations in Pennsylvania. With mobile and web apps, DNB First makes mobile banking easy, even on the go. DNB First receives poor feedback from customers for its mobile app. The DNB First mobile app has been given a 3.3 out of 5 (out of 32 customer reviews on iOS and Android) compared to the national average of 3.8. You can utilize DNB First's app to control your finances by monitoring current statements, sending and receiving funds and accessing support representatives. DNB First gets an exceptional consumer satisfaction score due to comparatively few consumer complaints reported to the Consumer Financial Protection Bureau (CFPB), a government-backed consumer protection agency.
DNB First is currently a medium-size bank and owns $1 billion in assets as well as $862 million in deposits. Its Texas Ratio is 9.82%, suggesting a tiny possibility of failure. Additionally, DNB First 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.Back to Overview
Compare DNB First to Other Competitive Offers
|Product||Current Terms and Rates||Minimum Balance for APY|
|Savings Account||0.5% APY||$150|
|Checking Account||0.2% APY||$1000|
|Certificates of Deposit|| ||$1000 for all terms|
|Money Market Accounts||0.55% APY 0.65% APY||$10000 $15000|
DNB First 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. DNB First does not have the best savings rate, which means you should think about looking elsewhere 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. DNB First's CD rates are fair in comparison to the national average.Back to Overview
Find a DNB First Near Me
DNB First has 16 locations in the U.S.Back to Overview