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Fidelity National Bank Review

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

Overview

Fidelity National Bank was founded in 1966 with its headquarters in West Memphis, Arkansas. Fidelity National Bank has $411 million in assets along with $348 million in deposits, which makes it a medium-size bank. Fidelity National Bank 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 in-person service, in addition to its online and mobile offerings. SmartAsset experts rated Fidelity National Bank 4.4 stars out of 5, suggesting it is a solid pick to be your bank. Fidelity National Bank offers a varied choice of banking products, which include savings accounts, checking accounts, money market accounts, CDs, IRAs, mortgage products and credit cards. It has a fair savings rate; other popular banks have higher rates. If you're interested in stress-free personal checking, Fidelity National Bank's most basic checking does not carry a monthly maintenance fee. Locating a checking account with no monthly fee and a savings account with a high APY at the same bank is your best option for accruing the most income from your deposits alongside convenient access to your money.

How We Rated It

SmartAsset's Overall Rating

4.4/5
National Average: 4.1

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

Rates

3.7
SmartAsset Average: 3.5

Fidelity National Bank has a savings rate of 0.20%, which is poor compared to the average U.S. bank. Its one-year CD earns at a rate of 1.26%, while its highest-yielding money market account has an APY of 0.25%. Given Fidelity National Bank's noncompetitive savings rate, you should think about opting for higher earning savings accounts with other banks.

How Fidelity National Bank's Savings Rates Compare

Fidelity National Bank Savings 0.20 National Average 0.26 Compare Offers
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Fees

5.0
SmartAsset Average: 4.4

Fidelity National Bank typically has extremely low fees compared to other U.S. banks. With no monthly fee, Fidelity National Bank is perfect for people who want a basic checking account. Fidelity National Bank unfortunately doesn't refund out-of-network ATM fees, meaning you will be required to search for a Fidelity National 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

3.9
SmartAsset Average: 3.7

Fidelity National Bank is a brick-and-mortar bank, with four total bank locations in Arkansas. With mobile and web apps, Fidelity National Bank makes account access easy, even on the go. Fidelity National Bank's online and mobile banking platforms get moderate marks from customers. The Fidelity National Bank mobile app has an overall rating of 3.8 out of 5 (out of 5 reviews on iOS and Android) compared to the national average of 3.8. You can utilize Fidelity National Bank's app to manage your accounts by checking account balances, transferring money as well as reaching support representatives. Fidelity National Bank receives an exceptional consumer satisfaction rating due to comparatively few complaints reported to the Consumer Financial Protection Bureau (CFPB), a government financial agency that protects consumers in the financial sector.

Overall Mobile Rating 3.8/5
Consumer Satisfaction Rating 5.0/5
Online Banking Portal No
Live Chat No
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Financial Health

5.0
SmartAsset Average: 4.8

Fidelity National Bank is currently a medium-size bank owning $411 million in assets and $348 million in deposits. Its Texas Ratio is 0.44%, indicating that the bank is in superb financial well-being and unlikely to fail. Additionally, Fidelity 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

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 Fidelity 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 0.15% APY $1000
Certificates of Deposit
  • 12 Month: 1.26% APY
  • 24 Month: 1.51% APY
$500 for all terms
Money Market Account 0.25% APY $2500

Fidelity National Bank has several deposit products like savings accounts, checking accounts, money market accounts and CDs that provide you with many options to manage your money. Fidelity National Bank 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. Fidelity National Bank's CD rates are fair compared to the national average.

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Find a Fidelity National Bank Near Me

Fidelity National Bank has four locations across the U.S.

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