Loading
Tap on the profile icon to edit
your financial details.

First International Bank & Trust Review

Your Details Done
by Updated
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 International Bank & Trust Savings
0.05% APY
1. Overview 2. How We Rated It 3. Products Offered 4. Branch Locations

Overview

Started in 1910, First International Bank & Trust has assets totaling $2 billion along with $2 billion in deposits, which makes the institution a large bank. First International Bank & Trust, whose headquarters are in Watford City, North Dakota, lacks premium access to customer service, with no live chat or all-day service options available. It is a conventional brick-and-mortar bank with in-person service, in addition to its online and mobile apps. At a SmartAsset rating 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 has a full array of product offerings, which include savings accounts, checking accounts, money market accounts, CDs, IRAs, mortgage products and credit cards. It has a fair savings rate; you can find higher rates with other banks. The bank's standard checking account maintains a monthly fee of $7.95, making it a rather expensive bank for checking. Finding an institution with free checking and a high interest rate savings account is the best option for gaining the most income on your deposits while having easy 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 national average. Its one-year CD has a rate of 1.00% and the five-year CD earns at a rate of 1.75%, while its highest-yielding money market account earns at an APY of 0.10%. Given First International Bank & Trust's poor savings rate, you should think about other options to earn more on your deposits.

How First International Bank & Trust's Savings Rates Compare

First International Bank & Trust Savings 0.05 National Average 0.26 Compare Offers
Back to Overview

Fees

3.5
SmartAsset Average: 4.4

First International Bank & Trust has generally high fees in comparison to the average U.S. bank. Its checking account has a monthly fee of $7.95, making it fair for anyone looking for a hassle-free account. Additionally, at $30.00, First International Bank & Trust has a considerably lower overdraft fee compared to the average overdraft fee charged by U.S. banks. First International Bank & Trust does not reimburse out-of-network ATM charges, meaning you'll be required to locate a First International Bank & Trust ATM or accept the withdrawal fee.

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
Back to Overview

Service Quality

3.9
SmartAsset Average: 3.7

First International Bank & Trust is a brick-and-mortar bank, with 27 total branches in Arizona, Minnesota and North Dakota. It also offers access to mobile and web apps for a simple mobile-banking experience. It does not provide access to all-day customer service with actual service representatives. You can get help during its 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's online and mobile banking platforms receive moderate feedback from customers. The First International Bank & Trust mobile app scored a 3.9 out of 5 (out of 96 ratings on iOS and Android) compared to the national average of 3.8. First International Bank & Trust's mobile app lets you manage your bank accounts by monitoring account balances, transferring funds as well as accessing customer service. First International Bank & Trust receives a superb consumer satisfaction rating due to relatively few complaints filed with the Consumer Financial Protection Bureau (CFPB), a government 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
Back to Overview

Financial Health

4.4
SmartAsset Average: 4.8

First International Bank & Trust ranks as a large bank owning assets totaling $2 billion as well as deposits totaling $2 billion. First International Bank & Trust's Texas Ratio is 12.58%, suggesting a small opportunity 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.

Back to Overview

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: 1.00% APY
  • 24 Month: 1.20% APY
  • 36 Month: 1.40% APY
  • 48 Month: 1.50% APY
  • 60 Month: 1.75% APY
$500 for all terms
Money Market Accounts 0.05% APY 0.1% APY $10000 $15000

First International Bank & Trust offers several deposit products like 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 other options 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 compared to other U.S. banks.

Back to Overview

Find a First International Bank & Trust Near Me

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

Back to Overview
Save more with these rates that beat the National Average
Unfortunately, we are currently unable to find savings account that fit your criteria. Please change your search criteria and try again.
Searching for accounts...
Ad Disclosure
Unfortunately, we are currently unable to find savings account that fit your criteria. Please change your search criteria and try again.
Searching for accounts...
Ad Disclosure