First National Bank Alaska first started operating in 1922 with headquarters located in Anchorage, Alaska. It owns $4 billion in assets as well as deposits totaling $2 billion, making it a large bank. First National Bank Alaska lacks premium access to support representatives, with no options of live chat or all-day service. First National Bank Alaska is an online bank, boasting convenient online and mobile apps for everything you need in lieu of in-person service. On the whole, First National Bank Alaska is a good bank that deserves your consideration with a rating of 3.9 out of 5 stars from our experts.
First National Bank Alaska has a mixture of banking products, which include savings accounts, checking accounts, money market accounts, CDs, IRAs, brokerage accounts, mortgage products and credit cards. It has a fair savings rate; you can find higher rates with other banks. Opening accounts in one place is perfect for getting the highest interest rates on your money while keeping access to your money without having to wait for money to transfer between accounts.
First National Bank Alaska is an online-only bank. It also offers access to mobile and web apps for a straightforward mobile-banking experience. It does not have 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 6:00 p.m. AT; Saturday 9:00 a.m. to 4:00 p.m. AT.
First National Bank Alaska's online and mobile banking services get mediocre feedback from customers: out of 94 ratings across both iOS and Android platforms, the First National Bank Alaska mobile app is scored at 3.3 out of 5 (compared to the national average of 3.8). You can access First National Bank Alaska's app to control your bank accounts by looking at account balances, sending and receiving money as well as accessing support representatives. First National Bank Alaska gets a superb consumer satisfaction rating due to comparatively few complaints brought to the Consumer Financial Protection Bureau (CFPB), a government financial agency that protects consumers in the financial sector.
|Product||Current Terms and Rates||Minimum Balance for APY|
|Savings Accounts||0.05% APY||$0||Compare Offers|
|Certificates of Deposit|| ||$5,000 for all tiers||Compare Offers|
|Money Market Accounts|| || ||Compare Offers|
|Checking Accounts||0.03% APY||$2,500||Compare Offers|
First National Bank Alaska has several deposit products which include savings accounts, checking accounts, money market accounts and CDs, providing you with many options to manage your money. First National Bank Alaska does not have the best savings rate, which means you should consider taking a look elsewhere for banks that offer more return for your money. CDs can be a terrific option to achieve higher returns, but there are limitations to accessing your money. First National Bank Alaska's CD rates are fair in comparison to other U.S. banks.
With a savings rate of 0.05%, First National Bank Alaska ranks below the mean compared to the average U.S. bank. First National Bank Alaska's one-year CD earns at a rate of 0.75% and the five-year CD earns at a rate of 0.50%, while its highest-yielding money market account has a rate of 0.07%. Given its poor savings rate, you should think about looking elsewhere to open savings accounts.
Compare First National Bank Alaska to Other Competitive Offers
There is insufficient data on First National Bank Alaska's fees to provide a full SmartAsset rating.
First National Bank Alaska ranks as a large bank owning assets totaling $4 billion and $2 billion in deposits. First National Bank Alaska's Texas Ratio is 3.12%, suggesting that the bank is in outstanding financial condition and very unlikely to fail. Additionally, First National Bank Alaska is FDIC-insured, meaning that your money is insured (up to $250,000) even in the event of bank failure.
Find a First National Bank Alaska Near Me
First National Bank Alaska functions as an online-only bank and has no physical locations.