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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

Founded in 1916, First Federal Savings Bank of Twin Falls has assets totaling $618 million and $530 million in deposits, ranking it as a medium-size bank. First Federal Savings Bank of Twin Falls, whose headquarters are in Twin Falls, Idaho, lacks premium access to support representatives, with no options for live chat or all-day service. It is a traditional brick-and-mortar bank with in-person service, in addition to its online and mobile apps. With a score of 4 out of 5 stars, First Federal Savings Bank of Twin Falls should be near the middle of the pack in your search for a bank. First Federal Savings Bank of Twin Falls offers a complete array of banking products, which include savings accounts, checking accounts, money market accounts, CDs, IRAs, mortgage products and credit cards. First Federal Savings Bank of Twin Falls has a fair savings rate; you can find higher rates with other banks. If you're looking for a checking account for everyday use, First Federal Savings Bank of Twin Falls's standard checking does not carry a monthly maintenance fee. Finding a bank with free checking, in addition to a high interest rate savings account is the best option for returning the highest income from your deposits alongside easy 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 in comparison to the average U.S. bank. Its one-year CD has a rate of 1.31% and the five-year CD has a rate of 2.12%, while its highest-yielding money market account has a rate of 0.25%. Given First Federal Savings Bank of Twin Falls's below average savings rate, you should think about choosing another bank to earn more on your deposits.

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

On average, First Federal Savings Bank of Twin Falls charges its customers extremely low fees as compared against the national average. Its checking account has no monthly fee, which makes it excellent for anyone looking for a simple account. First Federal Savings Bank of Twin Falls does not refund out-of-network ATM fees, meaning you will 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. With mobile and web apps, First Federal Savings Bank of Twin Falls makes account access easy, even on the go. It does not have all-day customer service with actual service representatives. You can get help during its 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 gets poor marks from customers for its mobile app. The First Federal Savings Bank of Twin Falls mobile app is rated at 2.3 out of 5 (out of 48 customer reviews on iOS and Android) compared to the national average of 3.8. You can utilize First Federal Savings Bank of Twin Falls's mobile app to manage your finances by looking at monthly statements, sending and receiving funds and accessing support representatives. First Federal Savings Bank of Twin Falls gets an exceptional consumer satisfaction rating based on comparatively few complaints filed 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 ranks as a medium-size bank owning $618 million in assets and $530 million in deposits. Its Texas Ratio is 1.41%, indicating a low 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: 1.31% APY
  • 48 Month: 2.12% APY
  • 60 Month: 2.12% APY
$500 for all terms
Money Market Accounts 0.2% APY 0.25% APY $10000 $15000

First Federal Savings Bank of Twin Falls has several deposit products including savings accounts, checking accounts, money market accounts and CDs that provide you with 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 compared 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 branches across the U.S.

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