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First National Bank Baird Review

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First National Bank Baird Savings
0.25% APY
1. Overview 2. How We Rated It 3. Products Offered 4. Branch Locations

Overview

Founded in 1885, First National Bank Baird has assets totaling $412 million and $368 million in deposits, ranking the institution as a medium-size bank. First National Bank Baird, whose headquarters are in Baird, Texas, 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. Coming in at a commendable 4.3 stars out of 5, First National Bank Baird is a great bank that you should seriously consider. First National Bank Baird has a varied choice of product offerings, including savings accounts, checking accounts, money market accounts, CDs, IRAs and mortgage products. First National Bank Baird has a fair savings rate compared to the average savings account. If you're looking for a checking account for everyday use, the bank's most basic checking does not have a monthly charge. Institutions that offer free checking as well as a high savings APY are the best option for returning the highest income from your deposits while maintaining convenient access to your funds.

How We Rated It

SmartAsset's Overall Rating

4.3/5
National Average: 4.1

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

Rates

3.6
SmartAsset Average: 3.5

With a savings rate of 0.25%, First National Bank Baird ranks poorly compared to the average U.S. bank. Its one-year CD earns at a rate of 1.26% and the five-year CD has a rate of 3.04%, while its highest-yielding money market account has an APY of 0.25%. Given First National Bank Baird's poor savings rate, you should consider taking a look at other banks for savings accounts.

How First National Bank Baird's Savings Rates Compare

First National Bank Baird Savings 0.25 National Average 0.26 Compare Offers
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Fees

5.0
SmartAsset Average: 4.4

First National Bank Baird has generally extremely low fees compared to other U.S. banks. First National Bank Baird's checking account has no monthly fee, making it excellent for anyone looking for a simple account. First National Bank Baird doesn't refund out-of-network ATM fees, which means you'll be required to locate a First National Bank Baird ATM or accept the fee.

Monthly Fee $0 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

4.1
SmartAsset Average: 3.7

First National Bank Baird is a brick-and-mortar bank, with 10 total branches in Texas. It also offers access to mobile and web apps for an easy mobile-banking experience. First National Bank Baird's online and mobile banking platforms receive moderately satisfactory feedback from customers. With 13 customer reviews on Apple and Android platforms, the First National Bank Baird mobile app is scored at 4.3 out of 5 (compared to the national average of 3.8). First National Bank Baird's mobile app lets you manage your finances by monitoring current statements, transferring money as well as accessing support representatives. First National Bank Baird receives an exceptional consumer satisfaction rating due to comparatively few complaints registered with the Consumer Financial Protection Bureau (CFPB), a government-sponsored consumer protection agency.

Overall Mobile Rating 4.3/5
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 Baird is currently a medium-size bank with assets totaling $412 million as well as deposits totaling $368 million. Its Texas Ratio is 11.97%, signifying that First National Bank Baird is in fine financial well-being and improbable to fail. Additionally, First National Bank Baird is FDIC-insured, meaning that your money is insured up to $250,000, even in the event of bank failure.

Texas Ratio Analysis

11.97%
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 Baird to Other Competitive Offers

Products Offered

Product Current Terms and Rates Minimum Balance for APY
Savings Account 0.25% APY $100
Checking Account 0.25% APY $1000
Certificates of Deposit
  • 12 Month: 1.26% APY
  • 24 Month: 1.71% APY
  • 36 Month: 2.02% APY
  • 60 Month: 3.04% APY
$1000 for all terms
Money Market Accounts 0.25% APY 0.25% APY $10000 $15000

First National Bank Baird has several deposit products including savings accounts, checking accounts, money market accounts and CDs that provide you with many options to manage your money. First National Bank Baird does not have the best savings rate, which means you should think about looking 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 Baird's CD rates are fair as compared against the national average.

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Find a First National Bank Baird Near Me

First National Bank Baird has 10 locations in the U.S.

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