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First National Bank in Howell Review

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First National Bank in Howell Savings
0.02% APY
1. Overview 2. How We Rated It 3. Products Offered 4. Branch Locations

Overview

Established in 1934, First National Bank in Howell has assets totaling $399 million and $351 million in deposits, making the institution a small bank. First National Bank in Howell, whose headquarters are in Howell, Michigan, 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 offerings. At a SmartAsset rating of 4 out of 5 stars, First National Bank in Howell should be near the middle of the pack in your search for a bank. First National Bank in Howell has a variety of banking products, which include savings accounts, checking accounts, money market accounts, CDs, mortgage products and credit cards. First National Bank in Howell has a fair savings rate; other popular banks have higher rates. If you're interested in stress-free personal checking, First National Bank in Howell offers an option without a monthly fee. Using a bank with no-fee checking and a high savings APY is your best bet for accruing the highest income on your deposits alongside easy access to your funds.

How We Rated It

SmartAsset's Overall Rating

4.0/5
National Average: 4.1

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

Rates

2.8
SmartAsset Average: 3.5

With a savings rate of 0.02%, First National Bank in Howell ranks poorly compared to other U.S. banks. Its CDs feature a rate of 0.20% and 0.65% for the one-year and five-year term lengths, respectively, while its highest-yielding money market account has an APY of 0.05%. Given its noncompetitive savings rate, you should consider opting for higher earning savings accounts with other banks.

How First National Bank in Howell's Savings Rates Compare

First National Bank in Howell Savings 0.02 National Average 0.26 Compare Offers
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Fees

4.7
SmartAsset Average: 4.4

First National Bank in Howell typically has extremely low fees compared to other U.S. banks. With no monthly fee, First National Bank in Howell is ideal for those who want a basic checking account. For those who withdraw cash routinely, it is perfect because it has no out-of-network ATM fees. Additionally, it has an overdraft fee of $35.00, which is on par with the national average overdraft fee. First National Bank in Howell unfortunately doesn't reimburse out-of-network ATM fees, meaning you'll have to find a First National Bank in Howell ATM or pay the ATM charge.

Monthly Fee $0 National Average: $3.21
Non-network ATM Fee $0 National Average: $1.20
Overdraft Fee $35.00 National Average: $35.00
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Service Quality

3.5
SmartAsset Average: 3.7

First National Bank in Howell is a brick-and-mortar bank, with nine total bank locations in Michigan. It also offers access to mobile and web apps for a straightforward mobile-banking experience. It does not offer all-day customer service with representatives. You can get help during its hours, which are Monday through Friday and 8:00 a.m. to 4:30 p.m. ET. First National Bank in Howell gets unsatisfactory feedback from customers for its mobile banking services. The First National Bank in Howell mobile app scored a 3.2 out of 5 (out of 13 customer reviews on iOS and Android) compared to the national average of 3.8. First National Bank in Howell's mobile app lets you manage your bank accounts by looking at account balances, transferring money and accessing support representatives. First National Bank in Howell gets an exceptional consumer satisfaction score based on relatively few complaints registered with the Consumer Financial Protection Bureau (CFPB), a government financial agency that protects consumers in the financial sector.

Overall Mobile Rating 3.2/5
Consumer Satisfaction Rating 5.0/5
Online Banking Portal No
Live Chat No
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Financial Health

4.8
SmartAsset Average: 4.8

First National Bank in Howell is a small bank and has assets totaling $399 million as well as deposits totaling $351 million. It has an excellent Texas Ratio of 4.60%, suggesting a negligible likelihood of failure. Additionally, First National Bank in Howell is FDIC-insured, meaning that your money is insured up to $250,000, even in the event of bank failure.

Texas Ratio Analysis

4.6%
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 in Howell to Other Competitive Offers

Products Offered

Product Current Terms and Rates Minimum Balance for APY
Savings Account 0.02% APY $1
Checking Account 0.01% APY $1000
Certificates of Deposit
  • 12 Month: 0.20% APY
  • 24 Month: 0.25% APY
  • 36 Month: 0.35% APY
  • 48 Month: 0.35% APY
  • 60 Month: 0.65% APY
$1000 for all terms
Money Market Account 0.03% APY $2500

First National Bank in Howell 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 in Howell 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 in Howell's CD rates are fair in comparison to other U.S. banks.

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Find a First National Bank in Howell Near Me

First National Bank in Howell has nine physical locations in the U.S.

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