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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

Started in 1885, First National Bank Baird has $412 million in assets and deposits totaling $368 million, ranking it as a medium-size bank. First National Bank Baird, whose headquarters are in Baird, Texas, 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 access to service representatives at a physical location, in addition to its online and mobile apps. At a SmartAsset rating of 4.3 stars out of 5, First National Bank Baird should be solidly in contention for your choice of bank. First National Bank Baird provides customers with the full slate 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; other popular banks have higher rates. If you're looking for a checking account for everyday use, First National Bank Baird's ordinary checking account does not have a monthly fee. Obtaining a checking account with no monthly fee as well as a savings account with a high interest rate at the same institution is your best option for getting the most income on your deposits alongside easy 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

First National Bank Baird features a savings rate of 0.25%, which is poor in comparison to other U.S. banks. First National Bank Baird's one-year and five-year term lengths CDs earn at a rate of 1.26% and 2.79%, respectively, while its highest-yielding money market account has an APY of 0.25%. Given its poor savings rate, you should think about looking elsewhere to open 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

On average, First National Bank Baird charges its customers extremely low fees in comparison to other U.S. banks. First National Bank Baird's checking account has no monthly fee, ranking it excellent for anyone looking for a hassle-free account. First National Bank Baird doesn't reimburse out-of-network ATM charges, meaning you'll need to search for a First National Bank Baird ATM or accept the cost of withdrawal.

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 bank locations in Texas. It also offers access to mobile and web apps for a straightforward mobile-banking experience. First National Bank Baird receives relatively positive feedback from customers for its mobile platform. The First National Bank Baird mobile app scored a 4.3 out of 5 (with 13 reviews on iOS and Android) compared to the national average of 3.8. First National Bank Baird's mobile app allows you to manage your accounts by checking monthly statements, transferring money and reaching customer service. First National Bank Baird gets a superb consumer satisfaction score due to relatively few consumer complaints filed 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 ranks as a medium-size bank with $412 million in assets and deposits totaling $368 million. Its Texas Ratio is 11.97%, indicating a tiny possibility of failure. 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: 1.76% APY
  • 60 Month: 2.79% APY
$1000 for all terms
Money Market Account 0.25% APY $2000

First National Bank Baird has several deposit products like 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 consider 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 Baird's CD rates are fair in comparison to the average U.S. bank.

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Find a First National Bank Baird Near Me

First National Bank Baird has 10 physical branches across the U.S.

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