Founded in 1889, First National Bank has $1 billion in assets along with $1 billion in deposits, classifying it as a medium-size bank. First National Bank, whose headquarters are in Paragould, Arkansas, lacks premium access to customer service, with no live chat or all-day service options available. 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. We gave the bank a 4.1 stars out of 5, which means First National Bank is a respectable bank that you should consider. First National Bank provides customers with a choice of product offerings, which include savings accounts, checking accounts, CDs, IRAs, mortgage products and credit cards. It has a fair savings rate compared to the average savings account. If you're interested in stress-free personal checking, the bank's most basic checking account does not have a monthly maintenance charge. Using a bank with free checking and a high savings APY is the best bet for getting the highest income on your deposits while having easy access to your funds.
The overall rating is a weighted average of rates, fees, service quality and financial health.Read more
First National Bank features a savings rate of 0.25%, which is fair in comparison to the national average. First National Bank's one-year and five-year term lengths CDs earn at a rate of 0.85% and 1.65%, respectively, while its highest-yielding money market account earns at a rate of 0.25%. Given its poor savings rate, you should think about looking at the competition to open savings accounts.
How First National Bank's Savings Rates Compare
First National Bank typically has low fees in comparison to the national average. Its checking account has no monthly fee, which makes it excellent for anyone looking for a simple account. For those who withdraw cash routinely, First National Bank is good because it charges an out-of-network ATM fee of $1.00, which is solid as compared against the national average. First National Bank doesn't reimburse out-of-network ATM charges, which means you will be required to locate a First National Bank ATM or pay the withdrawal fee.
First National Bank is a brick-and-mortar bank, with 14 total bank locations in Arkansas. It also offers access to mobile and web apps for a straightforward mobile-banking experience. It does not have all-day customer service with representatives. You can get help during its hours, which are Monday through Friday, 7 a.m. to 11 p.m. ET; Saturday, and 9 a.m. to 1 p.m. ET. First National Bank's online and mobile banking platforms get poor scores from customers. The First National Bank mobile app rates a 3.4 out of 5 (with 26 reviews on Apple and Android) compared to the national average of 3.8. First National Bank's mobile app allows you to manage your funds by looking at monthly statements, transferring funds and reaching customer service. First National Bank receives a superb consumer satisfaction rating based on relatively few complaints brought to the Consumer Financial Protection Bureau (CFPB), a government-backed consumer protection agency.
First National Bank is a medium-size bank owning assets totaling $1 billion as well as $1 billion in deposits. It has a strong Texas Ratio of 5.11%, suggesting that First National Bank is in good financial well-being and unlikely to fail. 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
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.Back to Overview
Compare First National Bank to Other Competitive Offers
|Product||Current Terms and Rates||Minimum Balance for APY|
|Savings Account||0.25% APY||$10|
|Checking Account||0.35% APY||$1|
|Certificates of Deposit|| ||$1000 for all terms|
|Money Market Accounts||0.1% APY 0.25% APY||$10000 $15000|
First National Bank has several deposit products like savings accounts, checking 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 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 as compared against the national average.Back to Overview
Find a First National Bank Near Me
First National Bank has 14 branches in the U.S.Back to Overview