FCN Bank started in 1900 with headquarters located in Brookville, Indiana. FCN Bank manages assets of $441 million and $384 million in deposits, making it a medium-size bank. FCN Bank has above-average access to customer service with all-day support available, which is helpful for those that work during typical customer service hours. It is a traditional brick-and-mortar bank with access to service representatives at a physical location, in addition to its online and mobile apps. We ranked the bank at a 4.4 stars out of 5, suggesting FCN Bank is a great choice and should warrant serious consideration. FCN Bank has the complete selection of product offerings, which include savings accounts, checking accounts, money market accounts, CDs, IRAs and mortgage products. It has a fair savings rate; other popular banks have higher rates. If you're looking for a checking account for everyday use, FCN Bank offers an option without a maintenance or monthly fee. Locating a bank with no-fee checking and a high interest rate savings account is your best option for accruing the most income from your deposits while maintaining easy access to your money.
The overall rating is a weighted average of rates, fees, service quality and financial health.Read more
With a savings rate of 0.15%, FCN Bank ranks poorly compared to the national average. Its one-year CD has a rate of 2.10% and the five-year CD has a rate of 3.00%, while its highest-yielding money market account has an APY of 0.20%. Given its below average savings rate, you should consider choosing another bank to earn more on your deposits.
How FCN Bank's Savings Rates Compare
On average, FCN Bank charges customers extremely low fees compared to other U.S. banks. FCN Bank's checking account has no monthly fee, rating it excellent for anyone looking for a simple account. FCN Bank does not refund out-of-network ATM fees, meaning you'll be required to find a FCN Bank ATM or eat the withdrawal fee.
FCN Bank is a brick-and-mortar bank, with five total bank locations in Indiana and Ohio. With mobile and web apps, FCN Bank makes mobile banking straightforward, even on the go. It provides all-day access to representatives. FCN Bank's online and mobile banking services receive high marks from users. The FCN Bank mobile app rates a 4.6 out of 5 (with 35 customer reviews on Apple and Android) compared to the national average of 3.8. FCN Bank's mobile app lets you control your funds by reviewing account balances, transferring funds as well as reaching customer service. FCN Bank gets an excellent consumer satisfaction rating due to relatively few consumer complaints brought to the Consumer Financial Protection Bureau (CFPB), a government financial agency that protects consumers in the financial sector.
FCN Bank is a medium-size bank owning assets totaling $441 million as well as deposits totaling $384 million. FCN Bank's Texas Ratio is 3.97%, signifying that the bank is in superb financial well-being and unlikely to fail. 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
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 FCN Bank to Other Competitive Offers
|Product||Current Terms and Rates||Minimum Balance for APY|
|Savings Account||0.15% APY||$300|
|Checking Account||0.1% APY||$800|
|Certificates of Deposit|| ||$1000 for all terms|
|Money Market Accounts||0.15% APY 0.2% APY||$10000 $15000|
FCN Bank offers several deposit products like 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 consider 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 in comparison to other U.S. banks.Back to Overview
Find a FCN Bank Near Me
FCN Bank has five physical locations across the U.S.Back to Overview