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First International Bank & Trust Review

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First International Bank & Trust Savings
0.05% APY
1. Overview 2. How We Rated It 3. Products Offered 4. Branch Locations

Overview

First International Bank & Trust started in 1910 with headquarters located in Watford City, North Dakota. First International Bank & Trust handles $2 billion in assets along with $2 billion in deposits, which makes it a large bank. First International Bank & Trust lacks premium access to customer service, with no live chat or all-day service options available. It is a traditional brick-and-mortar bank with in-person service, in addition to its online and mobile apps. With a score of 3.7 stars out of 5, First International Bank & Trust should be near the middle of the pack in your search for a bank. First International Bank & Trust provides customers with a full choice of product offerings, which include savings accounts, checking accounts, money market accounts, CDs, IRAs, mortgage products and credit cards. First International Bank & Trust has a fair savings rate compared to the average savings account. The bank's standard checking product features a monthly fee of $7.95, although banks sometimes have requirements that allow you to waive the fee. Locating a bank with free checking, in addition to a high savings APY is the best option for returning the highest income on your deposits while having convenient access to your money.

How We Rated It

SmartAsset's Overall Rating

3.7/5
National Average: 4.1

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

Rates

2.8
SmartAsset Average: 3.5

With a savings rate of 0.05%, First International Bank & Trust ranks poorly compared to the average U.S. bank. First International Bank & Trust's CD rates are 0.25% and 1.35% for the one-year and five-year term lengths, respectively, while its highest-yielding money market account has an APY of 0.10%. Given First International Bank & Trust's poor savings rate, you should consider taking a look at other banks for savings accounts.

How First International Bank & Trust's Savings Rates Compare

First International Bank & Trust Savings 0.05 National Average 0.26 Compare Offers
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Fees

3.5
SmartAsset Average: 4.4

On average, First International Bank & Trust charges its customers high fees as compared against the national average. Its checking account has a monthly fee of $7.95, making it fair for anyone looking for a simple account. Additionally, First International Bank & Trust has an overdraft fee of $30.00, which is considerably lower than the national average. First International Bank & Trust doesn't reimburse out-of-network ATM fees, which means you'll need to find a First International Bank & Trust ATM or accept the cost of withdrawal.

Monthly Fee $7.95 National Average: $3.21
Non-network ATM Fee N/A National Average: $1.20
Overdraft Fee $30.00 National Average: $35.00
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Service Quality

3.9
SmartAsset Average: 3.7

First International Bank & Trust is a brick-and-mortar bank, with 27 total bank locations in Arizona, Minnesota and North Dakota. It also offers access to mobile and web apps for an easy mobile-banking experience. It does not provide access to all-day customer service with representatives. You can get help during its customer service hours, which are Monday through Friday, 7:30 a.m. to 8:00 p.m. CT; Saturday, and 8:00 a.m. to 2:00 p.m. CT. First International Bank & Trust receives fair reviews from users for its online presence. With 96 ratings on both Apple and Android platforms, the First International Bank & Trust mobile app has an overall rating of 3.9 out of 5 (compared to the national average of 3.8). You can use First International Bank & Trust's app to control your funds by monitoring account balances, sending and receiving money and reaching customer service. First International Bank & Trust gets an exceptional consumer satisfaction rating due to comparatively few consumer complaints reported to the Consumer Financial Protection Bureau (CFPB), a government financial agency that protects consumers in the financial sector.

Overall Mobile Rating 3.9/5
Consumer Satisfaction Rating 5.0/5
Online Banking Portal No
Live Chat No
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Financial Health

4.4
SmartAsset Average: 4.8

First International Bank & Trust ranks as a large bank with $2 billion in assets and deposits totaling $2 billion. It has a strong Texas Ratio of 12.58%, signifying a small possibility of failure. Additionally, First International Bank & Trust is FDIC-insured, meaning that your money is insured up to $250,000, even in the event of bank failure.

Texas Ratio Analysis

12.58%
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 International Bank & Trust to Other Competitive Offers

Products Offered

Product Current Terms and Rates Minimum Balance for APY
Savings Account 0.05% APY $1
Checking Account 0.1% APY $2500
Certificates of Deposit
  • 12 Month: 0.25% APY
  • 24 Month: 0.35% APY
  • 36 Month: 0.60% APY
  • 48 Month: 1.00% APY
  • 60 Month: 1.35% APY
$500 for all terms
Money Market Account 0.05% APY $1000

First International Bank & Trust has several deposit products including savings accounts, checking accounts, money market accounts and CDs to give you many options to manage your money. First International Bank & Trust 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 International Bank & Trust's CD rates are fair as compared against the national average.

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Find a First International Bank & Trust Near Me

First International Bank & Trust has 27 branches across the U.S.

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