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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


Established in 1934, First National Bank has $968 million in assets as well as $713 million in deposits, ranking the institution as a medium-size bank. First National Bank, whose headquarters are in Fort Pierre, South Dakota, 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 in-person service, in addition to its online and mobile offerings. At a SmartAsset rating of 3.9 stars out of 5, First National Bank should be near the middle of the pack in your search for a bank. First National Bank has a variety of product offerings, including savings accounts, checking accounts, money market accounts, CDs, IRAs and credit cards. It has a fair savings rate; you can find higher rates with other banks. Using a bank with free checking, in addition to a high interest rate savings account is the best option for accruing 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

First National Bank features a savings rate of 0.05%, which is poor compared to the national average. First National Bank's one-year CD has a rate of 0.85% and the five-year CD earns at a rate of 2.16%, while its highest-yielding money market account earns at a rate of 0.08%. Given First National Bank's noncompetitive savings rate, you should consider 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 easy, even on the go. First National Bank's online and mobile banking services get poor scores from customers. The First National Bank mobile app is rated at 3.3 out of 5 (with 17 customer reviews on Apple and Android) compared to the national average of 3.8. First National Bank's mobile app lets you control your bank accounts by reviewing current statements, transferring funds and reaching customer service. First National Bank gets a superb consumer satisfaction rating due to relatively few consumer complaints registered with the Consumer Financial Protection Bureau (CFPB), a government-sponsored 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 owning $968 million in assets and $713 million in deposits. First National Bank's Texas Ratio is 3.60%, signifying that First National Bank is in terrific financial health and far from 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 that provide you with many options to manage your money. First National Bank does not have the best savings rate, which means you should think about other options 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 other U.S. banks.

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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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