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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 assets totaling $2 billion as well as $1 billion in deposits, making it a large bank. FineMark National Bank & Trust, whose headquarters are in Fort Myers, Florida, lacks premium access to customer service, with no live chat or all-day service options available. It is a traditional brick-and-mortar bank with in-person service, in addition to its online and mobile apps. With a score of 3.9 stars out of 5, FineMark National Bank & Trust should be near the middle of the pack in your search for a bank. FineMark National Bank & Trust has a complete array 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; 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 carry a monthly maintenance fee. Using an institution with no-fee checking, in addition to a high interest rate savings account is the best bet for gaining the most income from your deposits alongside 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

FineMark National Bank & Trust features a savings rate of 0.05%, which is fair as compared against the national average. FineMark National Bank & Trust's one-year CD earns at a rate of 0.40% and the five-year CD has a rate of 1.00%, while its highest-yielding money market account earns at a rate of 0.01%. Given its below average savings rate, you should consider choosing another bank to earn more on your deposits.

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 compared to other U.S. banks. With no monthly fee, FineMark National Bank & Trust is perfect for people who want a basic checking account. For those who will need cash in a pinch, it is ideal because it charges no out-of-network ATM fees. FineMark National Bank & Trust unfortunately doesn't reimburse out-of-network ATM charges, which means you will need to locate a FineMark National Bank & Trust ATM or pay the fee.

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. It also offers access to mobile and web apps for straightforward access and banking on the go. It does not have all-day customer service with actual service representatives. You can get help during its customer service hours, which are Monday through Friday and 8:00 a.m. to 5:00 p.m. ET. You can use FineMark National Bank & Trust's mobile app to manage your accounts by monitoring current statements, transferring money as well as reaching customer service. FineMark National Bank & Trust gets an exceptional consumer satisfaction score due to relatively few complaints brought to the Consumer Financial Protection Bureau (CFPB), a government 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 is currently a large bank with assets totaling $2 billion and $1 billion in deposits. Its Texas Ratio is 0.02%, suggesting that the bank is in terrific financial condition 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 Accounts 0.01% APY 0.01% APY $10000 $15000

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 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. 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 physical locations across the U.S.

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