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First General Bank Review

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


Founded in 2005, First General Bank has assets totaling $908 million as well as deposits totaling $786 million, classifying the institution as a medium-size bank. First General Bank, whose headquarters are in Rowland Heights, California, 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. On the whole, First General Bank is an acceptable bank choice, but may leave you wanting more, with a score of 3.6 stars out of 5 from our experts. First General Bank offers a mixture of product offerings, which include savings accounts, checking accounts, money market accounts and CDs. First General Bank has a fair savings rate; other popular banks have higher rates. Banks that offer free checking as well as a high savings APY are your best bet for gaining the most income from your deposits alongside easy access to your funds.

How We Rated It

SmartAsset's Overall Rating

National Average: 4.1

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


SmartAsset Average: 3.5

With a savings rate of 0.10%, First General Bank ranks poorly in comparison to the national average. First General Bank's one-year CD earns at a rate of 1.00%, while its highest-yielding money market account has a rate of 0.28%. Given its below average savings rate, you should think about choosing another bank to earn more on your deposits.

How First General Bank's Savings Rates Compare

First General Bank Savings 0.10 National Average 0.26 Compare Offers
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SmartAsset Average: 4.4

There is insufficient data on First General Bank's fees to provide a full SmartAsset rating.

Monthly Fee N/A 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

SmartAsset Average: 3.7

First General Bank is a brick-and-mortar bank, with four total bank locations in California. It also offers access to mobile and web apps for simple access and banking on the go. You can utilize First General Bank's app to manage your accounts by monitoring current statements, transferring funds and accessing customer service. First General Bank receives a superb consumer satisfaction score due to comparatively few complaints filed with the Consumer Financial Protection Bureau (CFPB), a government agency that protects consumers in the financial sector.

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

SmartAsset Average: 4.8

First General Bank is currently a medium-size bank owning assets totaling $908 million as well as $786 million in deposits. First General Bank's Texas Ratio is 4.94%, suggesting that the bank is in outstanding financial health and unlikely to fail. Additionally, First General Bank is FDIC-insured, meaning that your money is insured up to $250,000, even in the event of bank failure.

Texas Ratio Analysis

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.

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Compare First General Bank to Other Competitive Offers

Products Offered

Product Current Terms and Rates Minimum Balance for APY
Savings Account 0.1% APY $500
Checking Account 0.1% APY $5000
Certificates of Deposit
  • 12 Month: 1.00% APY
  • 24 Month: 1.25% APY
  • 36 Month: 1.65% APY
$2500 for all terms
Money Market Account 0.28% APY $10000

First General Bank has several deposit products including savings accounts, checking accounts, money market accounts and CDs to give you many options to manage your money. First General Bank 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 General Bank's CD rates are fair compared to the average U.S. bank.

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Find a First General Bank Near Me

First General Bank has four physical locations across the U.S.

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