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First Fidelity Bank 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 Fidelity Bank Savings
0.10% APY

Overview

Our Rating: 4.2/5 How we calculated this rating

Founded in 1981, First Fidelity Bank has assets totaling $2 billion and deposits totaling $1 billion, ranking it as a large bank. First Fidelity Bank, whose headquarters are in Oklahoma City, Oklahoma, does not have the access to customer service other banks offer. It is a conventional brick-and-mortar bank, which means easier access to service representatives at a physical location, in addition to its online and mobile presence. At a SmartAsset rating of 4.3 out of 5 stars, First Fidelity Bank should be solidly in contention for your choice of bank. 

First Fidelity Bank has the full package of banking products, including savings accounts, checking accounts, money market accounts, CDs, IRAs, brokerage accounts, mortgage products and credit cards. It offers a savings account with an average interest rate, suitable if you need a superior spot to hold your money than a checking account. A great, everyday account, First Fidelity Bank's ordinary checking account does not have a monthly fee. Using the same bank for checking and savings can be perfect for getting the most return on your money while retaining easy access to your funds.

Service Quality

First Fidelity Bank is a brick-and-mortar bank, with 30 total branches in Arizona and Oklahoma. It also offers access to mobile and web apps for a straightforward mobile-banking experience.  

First Fidelity Bank's online and mobile banking platforms get moderately positive feedback from customers: the First Fidelity Bank mobile app has an overall rating of 3.5 out of 5 (out of 160 customer reviews on iOS and Android) compared to the national average of 3.8. You can utilize First Fidelity Bank's mobile app to manage your bank accounts by monitoring monthly statements, sending and receiving funds and reaching customer service. First Fidelity Bank receives an outstanding consumer satisfaction rating due to comparatively few complaints registered 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: 0.75% APY
  • 24 Month: 1.15% APY
  • 36 Month: 2.10% APY
  • 48 Month: 2.00% APY
  • 60 Month: 2.25% APY
$1,000 for all tiers Compare Offers
Money Market Accounts
  • 10K tier: 0.20% APY
  • 25K tier: 0.55% APY
  • $10,000
  • $25,000
Compare Offers
Checking Accounts 0.05% APY $2,500 Compare Offers

It offers several deposit products which include savings accounts, checking accounts, money market accounts and CDs, meaning you have many options to manage your money. First Fidelity Bank does not have the best savings rate, which means you should think about looking elsewhere 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 Fidelity Bank's CD rates are competitive compared to the national average.

Rates

With a savings rate of 0.10%, First Fidelity Bank ranks below the mean in comparison to the national average. First Fidelity Bank's one-year CD earns at a rate of 0.75% and the five-year CD earns at a rate of 2.25%, while its highest-yielding money market account has a rate of 0.55%. First Fidelity Bank has a fair savings rate, which means other popular banks have higher rates. Think about taking a look at other banks for savings accounts.

Compare First Fidelity Bank to Other Competitive Offers

Fees

On average, First Fidelity Bank charges customers extremely low fees in comparison to other U.S. banks. First Fidelity Bank's checking account has no monthly fee, rating it excellent for anyone looking for a hassle-free account. For those who will need cash in a pinch, it is perfect because it offers no ATM fees. Additionally, First Fidelity Bank has an overdraft fee of $33, which is lower than the average overdraft fee charged by U.S. banks. 

Financial Health

First Fidelity Bank ranks as a large bank and manages assets totaling $2 billion as well as deposits totaling $1 billion. Its Texas Ratio is 6.27%, suggesting a small opportunity of failure. Additionally, First Fidelity Bank is FDIC-insured, meaning that your money is insured (up to $250,000) even in the event of bank failure.

Find a First Fidelity Bank Near Me

First Fidelity Bank has 30 locations in the U.S.

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