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First National Bank and Trust Company of Newtown Review

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First National Bank and Trust Company of Newtown Savings
0.10% APY
1. Overview 2. How We Rated It 3. Products Offered 4. Branch Locations

Overview

First National Bank and Trust Company of Newtown first started operating in 1864 and has its headquarters in Newtown, Pennsylvania. It manages assets of $925 million along with $817 million in deposits, ranking it as a medium-size bank. First National Bank and Trust Company of Newtown lacks premium access to support representatives, with no options for live chat or all-day service. It is a traditional brick-and-mortar bank with in-person service, in addition to its online and mobile offerings. With a score of 3.9 stars out of 5, First National Bank and Trust Company of Newtown should be near the middle of the pack in your search for a bank. First National Bank and Trust Company of Newtown has the complete slate of product offerings, including savings accounts, checking accounts, money market accounts, CDs, IRAs, mortgage products and credit cards. First National Bank and Trust Company of Newtown has a fair savings rate; other popular banks have higher rates. If you're interested in stress-free personal checking, First National Bank and Trust Company of Newtown's standard checking does not carry a monthly maintenance charge. Banks that offer free checking and a high interest rate savings account are your best bet for accruing the most income from your deposits while having convenient access to your money.

How We Rated It

SmartAsset's Overall Rating

3.9/5
National Average: 4.1

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

Rates

2.9
SmartAsset Average: 3.5

With a savings rate of 0.10%, First National Bank and Trust Company of Newtown ranks poorly in comparison to the national average. First National Bank and Trust Company of Newtown's one-year CD earns at a rate of 0.25% and the five-year CD has a rate of 0.95%, while its highest-yielding money market account has a rate of 0.10%. Given its noncompetitive savings rate, you should consider looking elsewhere to open savings accounts.

How First National Bank and Trust Company of Newtown's Savings Rates Compare

First National Bank and Trust Company of Newtown Savings 0.10 National Average 0.26 Compare Offers
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Fees

4.5
SmartAsset Average: 4.4

First National Bank and Trust Company of Newtown has typically low fees compared to the national average. First National Bank and Trust Company of Newtown's checking account has no monthly fee, which makes it excellent for anyone looking for a simple account. Additionally, at $35.00, it has a lower overdraft fee compared to the national average overdraft fee. First National Bank and Trust Company of Newtown does not reimburse out-of-network ATM charges, which means you'll need to search for a First National Bank and Trust Company of Newtown ATM or pay the ATM charge.

Monthly Fee $0 National Average: $3.21
Non-network ATM Fee N/A National Average: $1.20
Overdraft Fee $35.00 National Average: $35.00
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Service Quality

3.7
SmartAsset Average: 3.7

First National Bank and Trust Company of Newtown is a brick-and-mortar bank, with 17 total branches in Pennsylvania. With mobile and web apps, First National Bank and Trust Company of Newtown makes account access convenient, even on the go. First National Bank and Trust Company of Newtown gets fair feedback from users for its mobile app. The First National Bank and Trust Company of Newtown mobile app is rated at 3.5 out of 5 (with 14 reviews on Apple and Android) compared to the national average of 3.8. First National Bank and Trust Company of Newtown's mobile app allows you to control your finances by reviewing account balances, sending and receiving funds and reaching customer service. First National Bank and Trust Company of Newtown gets an exceptional consumer satisfaction rating due to comparatively few complaints registered with the Consumer Financial Protection Bureau (CFPB), a government financial agency that protects consumers in the financial sector.

Overall Mobile Rating 3.5/5
Consumer Satisfaction Rating 5.0/5
Online Banking Portal No
Live Chat No
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Financial Health

4.5
SmartAsset Average: 4.8

First National Bank and Trust Company of Newtown is currently a medium-size bank owning assets totaling $925 million as well as $817 million in deposits. First National Bank and Trust Company of Newtown has a strong Texas Ratio of 11.67%, suggesting a tiny likelihood of failure. Additionally, First National Bank and Trust Company of Newtown is FDIC-insured, meaning that your money is insured up to $250,000, even in the event of bank failure.

Texas Ratio Analysis

11.67%
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 National Bank and Trust Company of Newtown to Other Competitive Offers

Products Offered

Product Current Terms and Rates Minimum Balance for APY
Savings Account 0.1% APY $100
Checking Account 0.05% APY $5000
Certificates of Deposit
  • 12 Month: 0.25% APY
  • 24 Month: 0.40% APY
  • 36 Month: 0.55% APY
  • 48 Month: 0.80% APY
  • 60 Month: 0.95% APY
$5000 for all terms
Money Market Accounts 0.1% APY 0.1% APY $10000 $15000

First National Bank and Trust Company of Newtown offers several deposit products like savings accounts, checking accounts, money market accounts and CDs to give you many options to manage your money. First National Bank and Trust Company of Newtown 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 National Bank and Trust Company of Newtown's CD rates are fair in comparison to the average U.S. bank.

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Find a First National Bank and Trust Company of Newtown Near Me

First National Bank and Trust Company of Newtown has 17 physical locations in the U.S.

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