First Financial Bank first started operating in 1863 and has its headquarters in Cincinnati, Ohio. First Financial Bank manages $9 billion in assets and $7 billion in deposits, making it a large bank. First Financial Bank lacks premium access to support representatives, with no live chat or all-day service options available. It is a traditional brick-and-mortar bank with access to service representatives at a physical location, in addition to its online and mobile apps. Overall, First Financial Bank is a respectable bank that gets the job done, with a rating of 4.0 out of 5 stars from our experts. First Financial Bank provides customers with a variety of banking products, which include savings accounts, checking accounts, money market accounts, CDs, mortgage products and credit cards. It has a fair savings rate compared to the average savings account. If you're interested in stress-free personal checking, the bank's most basic checking does not carry a monthly charge. Locating an institution with free checking, in addition to a high savings APY is the best bet for returning the most income on your deposits while having convenient access to your money.
The overall rating is a weighted average of rates, fees, service quality and financial health.Read more
With a savings rate of 0.05%, First Financial Bank ranks poorly in comparison to the national average. First Financial Bank's one-year CD has a rate of 0.10% and the five-year CD has a rate of 0.50%, while its highest-yielding money market account earns at a rate of 0.10%. Given First Financial Bank's noncompetitive savings rate, you should think about looking elsewhere to open savings accounts.
How First Financial Bank's Savings Rates Compare
On average, First Financial Bank charges customers extremely low fees compared to the average U.S. bank. Its checking account has no monthly fee, ranking it excellent for anyone looking for a simple account. First Financial Bank doesn't reimburse out-of-network ATM fees, which means you'll need to find a First Financial Bank ATM or accept the fee.
First Financial Bank is a brick-and-mortar bank, with 188 total bank locations in Illinois, Indiana, Kentucky and Ohio. With mobile and web apps, First Financial Bank makes account access convenient, even 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, 8:00 a.m. to 8:00 p.m. ET; Saturday, and 8:00 a.m. to 5:00 p.m. ET. First Financial Bank's online and mobile banking platforms get poor feedback from users. The First Financial Bank mobile app has an overall rating of 2.7 out of 5 (with 720 customer reviews on iOS and Android) compared to the national average of 3.8. First Financial Bank's mobile app allows you to control your funds by checking current statements, transferring money and reaching support representatives. First Financial Bank receives a superb consumer satisfaction score based on comparatively few complaints filed with the Consumer Financial Protection Bureau (CFPB), a government-backed consumer protection agency.
First Financial Bank is currently a large bank with $9 billion in assets and deposits totaling $7 billion. First Financial Bank's Texas Ratio is 2.62%, signifying a low chance of failure. Additionally, First Financial Bank 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.Back to Overview
Compare First Financial Bank to Other Competitive Offers
|Product||Current Terms and Rates||Minimum Balance for APY|
|Savings Account||0.05% APY||$1001|
|Checking Account||0.01% APY||$2500|
|Certificates of Deposit|| ||$500 for all terms|
|Money Market Accounts||0.05% APY 0.1% APY||$10000 $15000|
First Financial Bank has several deposit products like savings accounts, checking accounts, money market accounts and CDs that provide you with many options to manage your money. First Financial Bank 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 Financial Bank's CD rates are fair compared to the national average.Back to Overview
Find a First Financial Bank Near Me
First Financial Bank has 188 physical branches in the U.S.Back to Overview