First Bank Kansas started in 1955 and its headquarters are located in Salina, Kansas. It handles assets of $439 million as well as deposits totaling $396 million, classifying it as a medium-size bank. First Bank Kansas 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 access to service representatives at a physical location, in addition to its online and mobile apps. We ranked the bank at a 4 out of 5 stars, indicating that First Bank Kansas is a respectable bank that you should consider. First Bank Kansas has the full slate of banking products, including savings accounts, checking accounts, money market accounts, CDs, IRAs and mortgage products. It has a fair savings rate compared to the average savings account. The bank's standard checking account has a $3.00 monthly fee, which is acceptable in comparison to other U.S. banks. Institutions that offer no-fee checking, in addition to a high savings APY are the best bet for returning the highest income on your deposits while having convenient access to your funds.
The overall rating is a weighted average of rates, fees, service quality and financial health.Read more
First Bank Kansas features a savings rate of 0.25%, which is fair compared to the national average. First Bank Kansas's one-year and five-year term lengths CDs earn at a rate of 1.51% and 2.02%, respectively, while its highest-yielding money market account has a rate of 0.45%. Given First Bank Kansas's noncompetitive savings rate, you should consider choosing another bank to earn more on your deposits.
How First Bank Kansas's Savings Rates Compare
First Bank Kansas typically has high fees compared to the average U.S. bank. At $3.00/month, First Bank Kansas's checking account is not great for people who need a hassle-free checking account. First Bank Kansas does not refund out-of-network ATM charges, meaning you'll be required to search for a First Bank Kansas ATM or accept the ATM charge.
First Bank Kansas is a brick-and-mortar bank, with eight total branches in Kansas. It also offers access to mobile and web apps for an easy mobile-banking experience. It does not offer all-day customer service with 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. CT. First Bank Kansas gets fair feedback from customers for its online presence. The First Bank Kansas mobile app is rated at 3.8 out of 5 (out of 150 customer reviews on Apple and Android) compared to the national average of 3.8. You can access First Bank Kansas's app to control your finances by monitoring monthly statements, transferring money as well as reaching support representatives. First Bank Kansas receives a superb consumer satisfaction score due to relatively few complaints filed with the Consumer Financial Protection Bureau (CFPB), a government-backed consumer protection agency.
First Bank Kansas is currently a medium-size bank and manages $439 million in assets and $396 million in deposits. It has an excellent Texas Ratio of 1.12%, indicating that the bank is in outstanding financial shape and far from failure. Additionally, First Bank Kansas 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.Back to Overview
Compare First Bank Kansas to Other Competitive Offers
|Product||Current Terms and Rates||Minimum Balance for APY|
|Savings Account||0.25% APY||$1|
|Checking Account||0.1% APY||$2500|
|Certificates of Deposit|| ||$10000 for all terms|
|Money Market Accounts||0.35% APY 0.45% APY||$10000 $15000|
First Bank Kansas has several deposit products like savings accounts, checking accounts, money market accounts and CDs to give you many options to manage your money. First Bank Kansas does not have the best savings rate, which means you should think about taking a look 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. First Bank Kansas's CD rates are fair in comparison to the average U.S. bank.Back to Overview
Find a First Bank Kansas Near Me
First Bank Kansas has eight physical locations across the U.S.Back to Overview