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First Community Bank (AR) Review

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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 Community Bank Savings
0.10% APY

Overview

Our Rating: 4.1/5 How we calculated this rating

Founded in 1997, First Community Bank has assets totaling $1 billion as well as $1 billion in deposits, ranking the institution as a medium-size bank. First Community Bank, whose headquarters are in Batesville, Arkansas, 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 offerings. SmartAsset experts rated First Community Bank 4.1 stars out of 5, suggesting it is a respectable bank that deserves your consideration. 

First Community Bank has a varied choice of banking products, including savings accounts, checking accounts, money market accounts, CDs, IRAs, brokerage accounts, mortgage products and credit cards. First Community Bank has a fair savings rate; you can find higher rates with other banks. If you're interested in stress-free personal checking, First Community Bank's standard checking does not have a monthly maintenance fee. Using the same bank for checking and savings is perfect when you want to get the highest return on your deposits while retaining convenient access to your money.

Service Quality

First Community Bank is a brick-and-mortar bank, with 22 total bank locations in Arkansas and Missouri. It also offers access to mobile and web apps for simple access and banking on the go.  

First Community Bank's online and mobile banking platforms get moderate scores from customers: out of 97 ratings on both iOS and Android platforms, the First Community Bank mobile app rates a 3.7 out of 5 (compared to the national average of 3.8). First Community Bank's mobile app allows you to control your finances by checking current statements, sending and receiving funds and accessing customer service. First Community Bank receives an excellent consumer satisfaction score based on relatively few consumer complaints filed with the Consumer Financial Protection Bureau (CFPB), a government-backed consumer protection agency. 

Products Offered

Product Current Terms and Rates Minimum Balance for APY  
Savings Accounts 0.10% APY $1 Compare Offers
Certificates of Deposit
  • 12 Month: 0.25% APY
  • 24 Month: 0.45% APY
  • 36 Month: 0.60% APY
  • 48 Month: 0.90% APY
  • 60 Month: 1.05% APY
$500 for all tiers Compare Offers
Money Market Accounts
  • 10K tier: 0.10% APY
  • 25K tier: 0.15% APY
  • $1
  • $25,000
Compare Offers
Checking Accounts 0.10% APY $1 Compare Offers

First Community Bank has several deposit products like savings accounts, checking accounts, money market accounts and CDs, giving you many options to manage your money. First Community Bank does not have the best savings rate, which means you should think about other options for banks that offer more return for your money. CDs can be a terrific option to achieve higher returns, but there are limitations to accessing your money. First Community Bank's CD rates are fair compared to other U.S. banks. 

Rates

First Community Bank features a savings rate of 0.10%, which is fair as compared against the national average. Its CD rates are 0.25% and 1.05% for the one-year and five-year term lengths, respectively, while its highest-yielding money market account earns at a rate of 0.20%. Given First Community Bank's poor savings rate, you should contemplate choosing another bank to earn more on your deposits.

Compare First Community Bank to Other Competitive Offers

Fees

First Community Bank has generally extremely low fees compared to the national average. First Community Bank's checking account has no monthly fee, rating it excellent for anyone looking for a simple account. 

Financial Health

First Community Bank is currently a medium-size bank with $1 billion in assets as well as deposits totaling $1 billion. First Community Bank's Texas Ratio is 8.49%, signifying that the bank is in good financial health and far from failure. Additionally, First Community Bank is FDIC-insured, meaning that your money is insured (up to $250,000) even in the event of bank failure.

Find a First Community Bank Near Me

First Community Bank has 22 physical branches in the U.S.

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