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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

Established in 1966, Fidelity National Bank has assets totaling $411 million along with $348 million in deposits, classifying it as a medium-size bank. Fidelity National Bank, whose headquarters are in West Memphis, Arkansas, lacks premium access to support representatives, with no options for live chat or all-day service. It is a traditional brick-and-mortar bank with in-person service, in addition to its online and mobile apps. With a score of 4.4 stars out of 5, Fidelity National Bank should be solidly in contention for your choice of bank. Fidelity National Bank has a complete suite 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; you can find higher rates with other banks. If you're interested in stress-free personal checking, the bank's most basic checking account does not have a monthly maintenance fee. Banks that offer free checking as well as a high savings APY are the best bet for gaining the most income on your deposits while maintaining easy 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

With a savings rate of 0.20%, Fidelity National Bank ranks poorly compared to other U.S. banks. Its one-year CD earns at a rate of 1.26%, while its highest-yielding money market account earns at a rate of 0.25%. Given Fidelity National Bank's noncompetitive savings rate, you should think about looking elsewhere to open savings accounts.

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

On average, Fidelity National Bank charges customers extremely low fees in comparison to the national average. With no monthly fee, Fidelity National Bank's checking account is perfect for people who need an easy checking account. Fidelity National Bank unfortunately doesn't reimburse out-of-network ATM fees, which means you will have to search for a Fidelity National Bank ATM or eat the 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 branches in Arkansas. It also offers access to mobile and web apps for a straightforward mobile-banking experience. Fidelity National Bank's online and mobile banking platforms get fair marks from users. With 5 ratings on both iOS and Android platforms, the Fidelity National Bank mobile app rates a 3.8 out of 5 (compared to the national average of 3.8). Fidelity National Bank's mobile app lets you control your funds by looking at monthly statements, transferring funds and accessing customer service. Fidelity National Bank receives an excellent consumer satisfaction rating based on comparatively few complaints filed with 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 ranks as a medium-size bank owning assets totaling $411 million as well as $348 million in deposits. It has an excellent Texas Ratio of 0.44%, signifying that Fidelity National Bank is in terrific financial well-being and far from failure. 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 Accounts 0.25% APY 0.25% APY $10000 $15000

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

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Find a Fidelity National Bank Near Me

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

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