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First National Bank Review

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First National Bank Savings
0.05% APY
1. Overview 2. How We Rated It 3. Products Offered 4. Branch Locations


First National Bank started in 1934 with headquarters in Fort Pierre, South Dakota. It has $968 million in assets and deposits totaling $713 million, ranking it as a medium-size bank. First National Bank lacks premium access to support representatives, with no options for live chat or all-day service. It is a conventional brick-and-mortar bank with access to service representatives at a physical location, in addition to its online and mobile apps. With an average 3.9 out of 5 stars, First National Bank is a good bank that deserves your consideration. First National Bank provides customers with a diverse array of product offerings, including savings accounts, checking accounts, money market accounts, CDs, IRAs and credit cards. First National Bank has a fair savings rate; other popular banks have higher rates. Banks that offer no-fee checking as well as a high interest rate savings account are the best option for gaining the most income from your deposits while maintaining convenient access to your funds.

How We Rated It

SmartAsset's Overall Rating

National Average: 4.1

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


SmartAsset Average: 3.5

With a savings rate of 0.05%, First National Bank ranks poorly in comparison to other U.S. banks. First National Bank's one-year CD earns at a rate of 0.85% and the five-year CD earns at a rate of 2.16%, while its highest-yielding money market account has a rate of 0.08%. Given First National Bank's below average savings rate, you should think about choosing another bank to earn more on your deposits.

How First National Bank's Savings Rates Compare

First National Bank Savings 0.05 National Average 0.26 Compare Offers
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SmartAsset Average: 4.4

There is insufficient data on First National Bank's fees to provide a full SmartAsset rating.

Monthly Fee N/A 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

SmartAsset Average: 3.7

First National Bank is a brick-and-mortar bank, with 15 total branches in Colorado and South Dakota. With mobile and web apps, First National Bank makes mobile banking straightforward, even on the go. First National Bank receives inferior marks from customers for its mobile banking services. The First National Bank mobile app scored a 3.3 out of 5 (out of 17 customer reviews on Apple and Android) compared to the national average of 3.8. First National Bank's mobile app allows you to manage your accounts by checking account balances, transferring funds and accessing support representatives. First National Bank gets an excellent consumer satisfaction score due to relatively few complaints brought to the Consumer Financial Protection Bureau (CFPB), a government-backed consumer protection agency.

Overall Mobile Rating 3.3/5
Consumer Satisfaction Rating 5.0/5
Online Banking Portal No
Live Chat No
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Financial Health

SmartAsset Average: 4.8

First National Bank is currently a medium-size bank and handles assets totaling $968 million and deposits totaling $713 million. First National Bank has an excellent Texas Ratio of 3.60%, indicating a minute chance of failure. Additionally, First National Bank is FDIC-insured, meaning that your money is insured up to $250,000, even in the event of bank failure.

Texas Ratio Analysis

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 to Other Competitive Offers

Products Offered

Product Current Terms and Rates Minimum Balance for APY
Savings Account 0.05% APY $25
Checking Account 0.01% APY $2500
Certificates of Deposit
  • 12 Month: 0.85% APY
  • 24 Month: 1.00% APY
  • 36 Month: 1.25% APY
  • 48 Month: 2.01% APY
  • 60 Month: 2.16% APY
$500 for all terms
Money Market Account 0.08% APY $10000

First National Bank has several deposit products including savings accounts, checking accounts, money market accounts and CDs to give you many options to manage your money. First National Bank 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's CD rates are fair compared to the national average.

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Find a First National Bank Near Me

First National Bank has 15 locations across the U.S.

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