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First Federal Savings Bank of Twin Falls Review

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First Federal Savings Bank of Twin Falls Savings
0.10% APY
1. Overview 2. How We Rated It 3. Products Offered 4. Branch Locations

Overview

First Federal Savings Bank of Twin Falls was founded in 1916 and its headquarters are located in Twin Falls, Idaho. First Federal Savings Bank of Twin Falls handles assets of $618 million as well as $530 million in deposits, which makes it a medium-size bank. First Federal Savings Bank of Twin Falls 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. With a commendable 4 stars out of 5, First Federal Savings Bank of Twin Falls proves it is a good bank that deserves your consideration. First Federal Savings Bank of Twin Falls offers a complete suite of product offerings, including savings accounts, checking accounts, money market accounts, CDs, IRAs, mortgage products and credit cards. It has a fair savings rate; other popular banks have higher rates. If you're looking for a checking account for everyday use, First Federal Savings Bank of Twin Falls offers an option without a monthly fee. Locating an institution with no-fee checking, in addition to a high savings APY is the best bet for accruing the highest income on your deposits while having convenient access to your money.

How We Rated It

SmartAsset's Overall Rating

4.0/5
National Average: 4.1

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

Rates

3.1
SmartAsset Average: 3.5

With a savings rate of 0.10%, First Federal Savings Bank of Twin Falls ranks poorly compared to the average U.S. bank. Its CD rates are 0.65% and 1.92% 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 Federal Savings Bank of Twin Falls's below average savings rate, you should think about opting for higher earning savings accounts with other banks.

How First Federal Savings Bank of Twin Falls's Savings Rates Compare

First Federal Savings Bank of Twin Falls Savings 0.10 National Average 0.26 Compare Offers
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Fees

5.0
SmartAsset Average: 4.4

First Federal Savings Bank of Twin Falls typically has extremely low fees in comparison to the national average. First Federal Savings Bank of Twin Falls's checking account has no monthly fee, making it excellent for anyone looking for a hassle-free account. First Federal Savings Bank of Twin Falls doesn't reimburse out-of-network ATM charges, meaning you'll have to find a First Federal Savings Bank of Twin Falls ATM or accept the ATM charge.

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
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Service Quality

3.0
SmartAsset Average: 3.7

First Federal Savings Bank of Twin Falls is a brick-and-mortar bank, with 11 total branches in Idaho. It also offers access to mobile and web apps for easy access and banking on the go. It does not provide access to all-day customer service with actual service representatives. You can get help during its customer service hours, which are Monday through Friday, 7:30 a.m. to 7:00 p.m. MT; Saturday, and 9:00 a.m. to 2:00 p.m. MT. First Federal Savings Bank of Twin Falls's online and mobile banking services receive poor feedback from customers. Out of 48 customer reviews on iOS and Android platforms, the First Federal Savings Bank of Twin Falls mobile app is scored at 2.3 out of 5 (compared to the national average of 3.8). First Federal Savings Bank of Twin Falls's mobile app allows you to control your finances by looking at account balances, transferring funds as well as accessing customer service. First Federal Savings Bank of Twin Falls receives a superb consumer satisfaction rating based on comparatively few complaints registered with the Consumer Financial Protection Bureau (CFPB), a government-backed consumer protection agency.

Overall Mobile Rating 2.3/5
Consumer Satisfaction Rating 5.0/5
Online Banking Portal No
Live Chat No
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Financial Health

5.0
SmartAsset Average: 4.8

First Federal Savings Bank of Twin Falls is a medium-size bank and handles $618 million in assets as well as deposits totaling $530 million. First Federal Savings Bank of Twin Falls has an excellent Texas Ratio of 1.41%, indicating a minute chance of failure. Additionally, First Federal Savings Bank of Twin Falls 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 Federal Savings Bank of Twin Falls to Other Competitive Offers

Products Offered

Product Current Terms and Rates Minimum Balance for APY
Savings Account 0.1% APY $5
Checking Account 0.05% APY $700
Certificates of Deposit
  • 12 Month: 0.65% APY
  • 48 Month: 1.41% APY
  • 60 Month: 1.92% APY
$500 for all terms
Money Market Account 0.15% APY $5000

First Federal Savings Bank of Twin Falls has several deposit products like savings accounts, checking accounts, money market accounts and CDs to give you many options to manage your money. First Federal Savings Bank of Twin Falls 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 Federal Savings Bank of Twin Falls's CD rates are fair in comparison to the national average.

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Find a First Federal Savings Bank of Twin Falls Near Me

First Federal Savings Bank of Twin Falls has 11 physical locations in the U.S.

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