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First Commercial Bank Review

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First Commercial Bank Money Market
0.10% APY
1. Overview 2. How We Rated It 3. Products Offered 4. Branch Locations


First Commercial Bank first started operating in 2000 and has its headquarters in Jackson, Mississippi. First Commercial Bank owns $394 million in assets along with deposits totaling $323 million, making it a small bank. First Commercial Bank lacks premium access to customer service, with no options for live chat or all-day service. 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. We gave First Commercial Bank a 4.1 out of 5 stars, suggesting it is a good bank that you should consider. First Commercial Bank has a diversity of banking products, including checking accounts, money market accounts and CDs. First Commercial Bank has a fair savings rate; you can find higher rates with other banks. The bank's standard checking product features a $8.00 monthly fee, although banks sometimes have requirements that allow you to waive the fee. Institutions that offer free checking, in addition to a high interest rate savings account are the best bet for gaining the highest income from your deposits while maintaining convenient access to your money.

How We Rated It

SmartAsset's Overall Rating

National Average: 4.1

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


SmartAsset Average: 3.5

First Commercial Bank's one-year CD has a rate of 1.91% and the five-year CD has a rate of 2.83%, while its highest-yielding money market account earns at an APY of 0.10%.

How First Commercial Bank's Savings Rates Compare

First Commercial Bank Money Market 0.10 National Average 0.26 Compare Offers
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SmartAsset Average: 4.4

First Commercial Bank generally has high fees compared to other U.S. banks. Its checking account has a monthly fee of $8.00, which makes it fair for anyone looking for a simple account. First Commercial Bank unfortunately does not refund out-of-network ATM fees, meaning you will have to find a First Commercial Bank ATM or pay the ATM charge.

Monthly Fee $8.00 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

SmartAsset Average: 3.7

First Commercial Bank is a brick-and-mortar bank, with four total branches in Mississippi. It also offers access to mobile and web apps for straightforward access and banking on the go. First Commercial Bank gets high marks from customers for its mobile banking services. Out of 7 customer reviews on Apple and Android platforms, the First Commercial Bank mobile app is scored at 4.7 out of 5 (compared to the national average of 3.8). You can access First Commercial Bank's mobile app to manage your finances by monitoring account balances, transferring money as well as accessing customer service. First Commercial Bank gets a superb consumer satisfaction score based on comparatively few consumer complaints brought to the Consumer Financial Protection Bureau (CFPB), a government financial agency that protects consumers in the financial sector.

Overall Mobile Rating 4.7/5
Consumer Satisfaction Rating 5.0/5
Online Banking Portal No
Live Chat No
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Financial Health

SmartAsset Average: 4.8

First Commercial Bank is a small bank and owns $394 million in assets as well as $323 million in deposits. First Commercial Bank's Texas Ratio is 1.72%, signifying a low possibility of failure. Additionally, First Commercial 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 First Commercial Bank to Other Competitive Offers

Products Offered

Product Current Terms and Rates Minimum Balance for APY
Checking Account 0.05% APY $1
Certificates of Deposit
  • 12 Month: 1.91% APY
  • 24 Month: 2.42% APY
  • 36 Month: 2.63% APY
  • 48 Month: 2.73% APY
  • 60 Month: 2.83% APY
$1000 for all terms
Money Market Account 0.1% APY $2500

First Commercial Bank offers several deposit products including checking accounts, money market accounts and CDs to give you many options to manage your money. First Commercial Bank 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. First Commercial Bank's CD rates are fair compared to the average U.S. bank.

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Find a First Commercial Bank Near Me

First Commercial Bank has four physical branches across the U.S.

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