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First National Bank Review

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


First National Bank was founded in 1889 and has its headquarters in Paragould, Arkansas. First National Bank handles $1 billion in assets along with deposits totaling $1 billion, making it a medium-size bank. First National Bank lacks premium access to customer service, 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 apps. On the whole, First National Bank is a respectable bank that deserves your consideration, with a score of 4.1 out of 5 stars from the SmartAsset experts. First National Bank has a selection of product offerings, including savings accounts, checking accounts, CDs, IRAs, mortgage products and credit cards. It 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's standard checking account does not carry a monthly fee. Locating a bank with free checking, in addition to a high savings APY is the best option for gaining the highest income on your deposits while having 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 has a savings rate of 0.25%, which is fair compared to the average U.S. bank. Its one-year CD has a rate of 0.55% and the five-year CD earns at a rate of 1.45%, while its highest-yielding money market account earns at an APY of 0.25%. Given its noncompetitive savings rate, you should think about taking a look at other banks for savings accounts.

How First National Bank's Savings Rates Compare

First National Bank Savings 0.25 National Average 0.26 Compare Offers
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SmartAsset Average: 4.4

First National Bank charges its customers low fees compared to the national average. First National Bank's checking account has no monthly fee, ranking it excellent for anyone looking for a hassle-free account. For those who will need cash in a pinch, First National Bank is solid because it has an out-of-network ATM fee of $1.00, which is solid in comparison to the average U.S. bank. First National Bank does not reimburse out-of-network ATM charges, which means you will be required to find a First National Bank ATM or pay the withdrawal fee.

Monthly Fee $0 National Average: $3.21
Non-network ATM Fee $1.00 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 14 total bank locations in Arkansas. It also offers access to mobile and web apps for straightforward access and banking on the go. It does not provide access to all-day customer service with actual service 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 services receive poor feedback from customers. Out of 26 customer reviews across both Apple and Android platforms, the First National Bank mobile app has an overall rating of 3.4 out of 5 (compared to the national average of 3.8). First National Bank's mobile app allows you to manage your accounts by checking current statements, sending and receiving money and reaching customer service. First National Bank receives a superb consumer satisfaction score due to relatively few complaints registered with the Consumer Financial Protection Bureau (CFPB), a government-sponsored consumer protection agency.

Overall Mobile Rating 3.4/5
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 a medium-size bank and has assets totaling $1 billion and deposits totaling $1 billion. First National Bank's Texas Ratio is 5.11%, signifying that the bank is in fine financial shape and improbable 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

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 0.25% APY $10
Checking Account 0.35% APY $1
Certificates of Deposit
  • 12 Month: 0.55% APY
  • 24 Month: 0.80% APY
  • 36 Month: 1.00% APY
  • 60 Month: 1.45% APY
$1000 for all terms
Money Market Account 0.1% APY $5000

First National Bank offers 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 compared to the average U.S. bank.

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Find a First National Bank Near Me

First National Bank has 14 physical locations in the U.S.

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