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FineMark National Bank & Trust Review

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FineMark National Bank & Trust Savings
0.05% APY
1. Overview 2. How We Rated It 3. Products Offered 4. Branch Locations

Overview

Established in 2007, FineMark National Bank & Trust has $2 billion in assets along with deposits totaling $1 billion, making the institution a large bank. FineMark National Bank & Trust, whose headquarters are in Fort Myers, Florida, lacks premium access to support representatives, with no live chat or all-day service options available. It is a conventional brick-and-mortar bank with access to service representatives at a physical location, in addition to its online and mobile offerings. Overall, FineMark National Bank & Trust is a respectable bank that deserves your consideration, with a score of 3.9 out of 5 stars from the SmartAsset team. FineMark National Bank & Trust provides customers with the full selection of product offerings, which include savings accounts, checking accounts, money market accounts, CDs, IRAs, mortgage products and credit cards. FineMark National Bank & Trust has a fair savings rate compared to the average savings account. If you're looking for a checking account for everyday use, FineMark National Bank & Trust's standard checking account does not have a monthly fee. Institutions that offer no-fee checking and a high savings APY are the best bet for accruing the highest income from your deposits while having easy access to your money.

How We Rated It

SmartAsset's Overall Rating

3.9/5
National Average: 4.1

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

Rates

2.9
SmartAsset Average: 3.5

With a savings rate of 0.05%, FineMark National Bank & Trust ranks poorly in comparison to the national average. FineMark National Bank & Trust's one-year CD has a rate of 0.40% and the five-year CD earns at a rate of 1.00%, while its highest-yielding money market account earns at an APY of 0.01%. Given FineMark National Bank & Trust's below average savings rate, you should consider opting for higher earning savings accounts with other banks.

How FineMark National Bank & Trust's Savings Rates Compare

FineMark National Bank & Trust Savings 0.05 National Average 0.26 Compare Offers
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Fees

5.0
SmartAsset Average: 4.4

FineMark National Bank & Trust has generally extremely low fees as compared against the national average. FineMark National Bank & Trust's checking account has no monthly fee, ranking it excellent for anyone looking for a simple account. For those who withdraw cash frequently, it is ideal because it charges no out-of-network ATM fees. FineMark National Bank & Trust unfortunately does not refund out-of-network ATM fees, which means you will be required to search for a FineMark National Bank & Trust ATM or accept the cost of withdrawal.

Monthly Fee $0 National Average: $3.21
Non-network ATM Fee $0 National Average: $1.20
Overdraft Fee N/A National Average: $35.00
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Service Quality

2.5
SmartAsset Average: 3.7

FineMark National Bank & Trust is a brick-and-mortar bank, with 13 total branches in Arizona, Florida and South Carolina. With mobile and web apps, FineMark National Bank & Trust makes mobile banking convenient, even on the go. It does not offer all-day customer service with actual service representatives. You can get help during its hours, which are Monday through Friday and 8:00 a.m. to 5:00 p.m. ET. FineMark National Bank & Trust's mobile app lets you control your accounts by monitoring account balances, sending and receiving funds as well as reaching customer service. FineMark National Bank & Trust gets a superb consumer satisfaction rating based on relatively few consumer complaints registered with the Consumer Financial Protection Bureau (CFPB), a government financial agency that protects consumers in the financial sector.

Overall Mobile Rating NR
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

FineMark National Bank & Trust ranks as a large bank owning $2 billion in assets as well as $1 billion in deposits. FineMark National Bank & Trust's Texas Ratio is 0.02%, suggesting that the bank is in terrific financial health and far from failure. Additionally, FineMark National Bank & Trust 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 FineMark National Bank & Trust to Other Competitive Offers

Products Offered

Product Current Terms and Rates Minimum Balance for APY
Savings Account 0.05% APY $1
Checking Account 0.01% APY $1
Certificates of Deposit
  • 12 Month: 0.40% APY
  • 24 Month: 0.65% APY
  • 36 Month: 0.75% APY
  • 48 Month: 0.80% APY
  • 60 Month: 1.00% APY
$10000 for all terms
Money Market Account 0.01% APY $5000

FineMark National Bank & Trust has several deposit products like savings accounts, checking accounts, money market accounts and CDs to give you many options to manage your money. FineMark National Bank & Trust 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. FineMark National Bank & Trust's CD rates are fair compared to the average U.S. bank.

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Find a FineMark National Bank & Trust Near Me

FineMark National Bank & Trust has 13 locations across the U.S.

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