Loading
Tap on the profile icon to edit
your financial details.

First Bank Financial Centre Review

Your Details Done
by Updated
We maintain strict editorial integrity in our writing and assessments. This post contains links from our advertisers, and we may receive compensation when you click these links. Any opinions, analyses, reviews or recommendations expressed in this article are those of the author’s alone. | Advertiser Disclosure We maintain strict editorial integrity in our writing and assessments. This post contains links from our advertisers, and we may receive compensation when you click these links. Any opinions, analyses, reviews or recommendations expressed in this article are those of the author’s alone. | Advertiser Disclosure
First Bank Financial Centre Savings
0.05% APY
1. Overview 2. How We Rated It 3. Products Offered 4. Branch Locations

Overview

Founded in 1859, First Bank Financial Centre has $1 billion in assets and $844 million in deposits, ranking it as a medium-size bank. First Bank Financial Centre, whose headquarters are in Oconomowoc, Wisconsin, has above-average customer service access with a live chat feature, 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 offerings. On the whole, First Bank Financial Centre is an acceptable bank choice, but may leave you wanting more, with a rating of 3.7 out of 5 stars from our team. First Bank Financial Centre provides customers with the full selection of product offerings, which include savings accounts, checking accounts, money market accounts, CDs, IRAs, brokerage accounts, mortgage products and credit cards. First Bank Financial Centre has a fair savings rate; other popular banks have higher rates. The bank's standard checking account maintains a monthly fee of $6.00, which places it at the higher end of monthly fees. Finding an institution with free checking as well as a high interest rate savings account is the best bet for gaining the highest income on your deposits alongside convenient access to your funds.

How We Rated It

SmartAsset's Overall Rating

3.7/5
National Average: 4.1

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

Rates

3.5
SmartAsset Average: 3.5

With a savings rate of 0.05%, First Bank Financial Centre ranks poorly compared to the average U.S. bank. Its CDs feature a rate of 1.20% and 2.00% for the one-year and five-year term lengths, respectively, while its highest-yielding money market account earns at a rate of 0.15%. Given First Bank Financial Centre's poor savings rate, you should think about choosing another bank to earn more on your deposits.

How First Bank Financial Centre's Savings Rates Compare

First Bank Financial Centre Savings 0.05 National Average 0.26 Compare Offers
Back to Overview

Fees

2.6
SmartAsset Average: 4.4

First Bank Financial Centre has typically high fees compared to other U.S. banks. First Bank Financial Centre's checking account has a monthly fee of $6.00, ranking it fair for anyone looking for a simple account. First Bank Financial Centre doesn't refund out-of-network ATM charges, which means you'll have to search for a First Bank Financial Centre ATM or pay the cost of withdrawal.

Monthly Fee $6.00 National Average: $3.21
Non-network ATM Fee N/A National Average: $1.20
Overdraft Fee N/A National Average: $35.00
Back to Overview

Service Quality

4.2
SmartAsset Average: 3.7

First Bank Financial Centre is a brick-and-mortar bank, with 17 total bank locations in Wisconsin. With mobile and web apps, First Bank Financial Centre makes mobile banking easy, even on the go. It does not have all-day customer service with actual service representatives. You can get help during its hours, which are Monday through Friday, 8:30 a.m. to 6:30 p.m. CT; Saturday, and 8:30 a.m. to 12:00 p.m. CT. First Bank Financial Centre also offers a live chat feature, which may provide helpful service without getting on the phone. First Bank Financial Centre's online and mobile banking platforms get moderately positive scores from users. The First Bank Financial Centre mobile app has an overall rating of 4.0 out of 5 (out of 47 customer reviews on iOS and Android) compared to the national average of 3.8. First Bank Financial Centre's mobile app lets you control your funds by checking monthly statements, sending and receiving funds as well as accessing customer service. First Bank Financial Centre gets a superb consumer satisfaction score based on comparatively few complaints brought to the Consumer Financial Protection Bureau (CFPB), a government agency that protects consumers in the financial sector.

Overall Mobile Rating 4.0/5
Consumer Satisfaction Rating 5.0/5
Online Banking Portal No
Live Chat Yes
Back to Overview

Financial Health

4.6
SmartAsset Average: 4.8

First Bank Financial Centre is a medium-size bank with assets totaling $1 billion and deposits totaling $844 million. It has a strong Texas Ratio of 9.37%, denoting that the bank is in fine financial shape and improbable to fail. Additionally, First Bank Financial Centre is FDIC-insured, meaning that your money is insured up to $250,000, even in the event of bank failure.

Texas Ratio Analysis

9.37%
High Risk 75% 50% 20% 10% Low Risk

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 First Bank Financial Centre to Other Competitive Offers

Products Offered

Product Current Terms and Rates Minimum Balance for APY
Savings Account 0.05% APY $50
Checking Account 0.03% APY $2500
Certificates of Deposit
  • 12 Month: 1.20% APY
  • 24 Month: 1.40% APY
  • 36 Month: 1.60% APY
  • 48 Month: 1.80% APY
  • 60 Month: 2.00% APY
$1000 for all terms
Money Market Accounts 0.1% APY 0.15% APY $10000 $15000

First Bank Financial Centre has several deposit products including savings accounts, checking accounts, money market accounts and CDs that provide you with many options to manage your money. First Bank Financial Centre 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. First Bank Financial Centre's CD rates are fair as compared against the national average.

Back to Overview

Find a First Bank Financial Centre Near Me

First Bank Financial Centre has 17 locations across the U.S.

Back to Overview
Save more with these rates that beat the National Average
Unfortunately, we are currently unable to find savings account that fit your criteria. Please change your search criteria and try again.
Searching for accounts...
Ad Disclosure
Unfortunately, we are currently unable to find savings account that fit your criteria. Please change your search criteria and try again.
Searching for accounts...
Ad Disclosure