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FCN Bank Review

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FCN Bank Savings
0.15% APY
1. Overview 2. How We Rated It 3. Products Offered 4. Branch Locations


FCN Bank was founded in 1900 and its headquarters are located in Brookville, Indiana. It manages assets of $441 million along with deposits totaling $384 million, classifying it as a medium-size bank. FCN Bank has above-average customer service access with all-day support available, great for getting help during the work week. It is a conventional brick-and-mortar bank with in-person service, in addition to its online and mobile apps. We ranked FCN Bank at a 4.4 stars out of 5, which means it is a solid contender in your bank search. FCN Bank offers a complete suite of banking products, which include savings accounts, checking accounts, money market accounts, CDs, IRAs and mortgage products. It has a fair savings rate; you can find higher rates with other banks. If you're looking for a checking account for everyday use, FCN Bank offers an option without a maintenance or monthly fee. Banks that offer no-fee checking as well as a high interest rate savings account are your best bet for gaining the most income from your deposits while maintaining easy access to your funds.

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

FCN Bank has a savings rate of 0.15%, which is fair in comparison to the average U.S. bank. FCN Bank's one-year and five-year term lengths CDs earn at a rate of 0.25% and 1.50%, respectively, while its highest-yielding money market account has a rate of 0.20%. Given its noncompetitive savings rate, you should think about other options to earn more on your deposits.

How FCN Bank's Savings Rates Compare

FCN Bank Savings 0.15 National Average 0.26 Compare Offers
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SmartAsset Average: 4.4

FCN Bank generally has extremely low fees compared to the national average. FCN Bank's checking account has no monthly fee, making it excellent for anyone looking for a simple account. FCN Bank unfortunately does not reimburse out-of-network ATM charges, which means you will need to locate a FCN Bank ATM or accept the withdrawal fee.

Monthly Fee $0 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

FCN Bank is a brick-and-mortar bank, with five total bank locations in Indiana and Ohio. It also offers access to mobile and web apps for simple access and banking on the go. It offers all-day customer service. FCN Bank's online and mobile banking services receive positive ratings from customers. With 35 ratings on iOS and Android platforms, the FCN Bank mobile app rates a 4.6 out of 5 (compared to the national average of 3.8). You can utilize FCN Bank's app to manage your finances by monitoring monthly statements, sending and receiving funds as well as accessing customer service. FCN Bank receives an excellent 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 4.6/5
Consumer Satisfaction Rating 5.0/5
Online Banking Portal No
Live Chat No
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Financial Health

SmartAsset Average: 4.8

FCN Bank is a medium-size bank with $441 million in assets as well as $384 million in deposits. FCN Bank's Texas Ratio is 3.97%, suggesting a minute chance of failure. Additionally, FCN Bank is FDIC-insured, meaning that your money is insured up to $250,000, even in the event of bank failure.

Texas Ratio Analysis

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 FCN Bank to Other Competitive Offers

Products Offered

Product Current Terms and Rates Minimum Balance for APY
Savings Account 0.15% APY $300
Checking Account 0.1% APY $800
Certificates of Deposit
  • 12 Month: 0.25% APY
  • 24 Month: 0.35% APY
  • 36 Month: 0.60% APY
  • 48 Month: 0.90% APY
  • 60 Month: 1.50% APY
$1000 for all terms
Money Market Account 0.15% APY $5000

FCN Bank has several deposit products including savings accounts, checking accounts, money market accounts and CDs to give you many options to manage your money. FCN Bank does not have the best savings rate, which means you should think about taking a look 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. FCN Bank's CD rates are fair compared to the national average.

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Find a FCN Bank Near Me

FCN Bank has five branches across the U.S.

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