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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


First General Bank first started operating in 2005 with headquarters in Rowland Heights, California. It owns $908 million in assets along with $786 million in deposits, which makes it a medium-size bank. First General Bank lacks premium access to customer service, with no options for live chat or all-day service. It is a conventional brick-and-mortar bank with access to service representatives at a physical location, in addition to its online and mobile offerings. We ranked First General Bank at a 3.6 out of 5 stars, which means it is an acceptable bank choice, but may leave you wanting more. First General Bank provides customers with the full package of banking products, including savings accounts, checking accounts, money market accounts and CDs. First General Bank has a fair savings rate; other popular banks have higher rates. Locating a bank with no-fee checking as well as a high savings APY is your best option for getting the highest income on your deposits while maintaining convenient 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

First General Bank features a savings rate of 0.10%, which is fair in comparison to the average U.S. bank. First General Bank's one-year CD has a rate of 1.00%, while its highest-yielding money market account has an APY of 0.28%. Given its noncompetitive savings rate, you should consider looking elsewhere to open savings accounts.

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 a straightforward mobile-banking experience. First General Bank's mobile app lets you control your funds by reviewing account balances, transferring money as well as reaching customer service. First General Bank receives an outstanding consumer satisfaction score due to relatively few consumer complaints brought to the Consumer Financial Protection Bureau (CFPB), a government-backed consumer protection agency.

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 ranks as a medium-size bank with assets totaling $908 million as well as $786 million in deposits. It has an excellent Texas Ratio of 4.94%, signifying that First General Bank is in superb financial shape and far from failure. 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 offers several deposit products like 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 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 General Bank's CD rates are fair in comparison to the national average.

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Find a First General Bank Near Me

First General Bank has four branches in the U.S.

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