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

First Community Bank of Central Alabama Review

Your Details Done
by Updated
First Community Bank of Central Alabama Savings
0.05% APY
1. Overview 2. How We Rated It 3. Products Offered 4. Branch Locations

Overview

Started in 2001, First Community Bank of Central Alabama has assets totaling $362 million and deposits totaling $331 million, classifying it as a small bank. First Community Bank of Central Alabama, whose headquarters are in Wetumpka, Alabama, lacks premium access to customer service, with no options for live chat or all-day service. 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. At a SmartAsset rating of 4.1 out of 5 stars, First Community Bank of Central Alabama should be solidly in contention for your choice of bank. First Community Bank of Central Alabama has a mixture of product offerings, including savings accounts, checking accounts, money market accounts, mortgage products and credit cards. It 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 of Central Alabama offers an option without a maintenance or monthly fee. Finding a bank with free checking and a high interest rate savings account is the best option for getting the highest income from your deposits while having easy access to your funds.

How We Rated It

SmartAsset's Overall Rating

4.1/5
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

First Community Bank of Central Alabama features a savings rate of 0.05%, which is poor in comparison to other U.S. banks. First Community Bank of Central Alabama's one-year CD has a rate of 0.40% and the five-year CD has a rate of 1.25%, while its highest-yielding money market account earns at a rate of 0.10%. Given First Community Bank of Central Alabama's below average savings rate, you should consider other options to earn more on your deposits.

How First Community Bank of Central Alabama's Savings Rates Compare

First Community Bank of Central Alabama Savings 0.05 National Average 0.26 Compare Offers
Back to Overview

Fees

5.0
SmartAsset Average: 4.4

On average, First Community Bank of Central Alabama charges its customers extremely low fees as compared against the national average. With no monthly fee, First Community Bank of Central Alabama's checking account is ideal for people who want a hassle-free banking experience. First Community Bank of Central Alabama unfortunately doesn't reimburse out-of-network ATM charges, which means you will be required to search for a First Community Bank of Central Alabama ATM or pay the fee.

Monthly Fee $0 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

3.6
SmartAsset Average: 3.7

First Community Bank of Central Alabama is a brick-and-mortar bank, with seven total bank locations in Alabama. It also offers access to mobile and web apps for an easy mobile-banking experience. First Community Bank of Central Alabama gets unsatisfactory feedback from users for its mobile app. With 13 customer reviews across both Apple and Android platforms, the First Community Bank of Central Alabama mobile app has an overall rating of 3.4 out of 5 (compared to the national average of 3.8). First Community Bank of Central Alabama's mobile app allows you to control your finances by monitoring monthly statements, transferring funds as well as accessing support representatives. First Community Bank of Central Alabama gets a superb consumer satisfaction score based on relatively few complaints brought to the Consumer Financial Protection Bureau (CFPB), a government-sponsored consumer protection agency.

Overall Mobile Rating 3.4/5
Consumer Satisfaction Rating 5.0/5
Online Banking Portal No
Live Chat No
Back to Overview

Financial Health

4.9
SmartAsset Average: 4.8

First Community Bank of Central Alabama is a small bank owning assets totaling $362 million and $331 million in deposits. First Community Bank of Central Alabama's Texas Ratio is 3.47%, denoting a low probability of failure. Additionally, First Community Bank of Central Alabama is FDIC-insured, meaning that your money is insured up to $250,000, even in the event of bank failure.

Texas Ratio Analysis

3.47%
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 Community Bank of Central Alabama to Other Competitive Offers

Products Offered

Product Current Terms and Rates Minimum Balance for APY
Savings Account 0.05% APY $1
Checking Account 0.05% APY $1000
Certificates of Deposit
  • 12 Month: 0.40% APY
  • 24 Month: 0.90% APY
  • 36 Month: 1.10% APY
  • 48 Month: 1.15% APY
  • 60 Month: 1.25% APY
$1000 for all terms
Money Market Account 0.05% APY $10000

First Community Bank of Central Alabama offers several deposit products including savings accounts, checking accounts and money market accounts to give you many options to manage your money. First Community Bank of Central Alabama does not have the best savings rate, which means you should consider 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 Community Bank of Central Alabama's CD rates are fair compared to the national average.

Back to Overview

Find a First Community Bank of Central Alabama Near Me

First Community Bank of Central Alabama has seven 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