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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

Founded in 1934, First National Bank in Howell has assets totaling $399 million along with deposits totaling $351 million, making it a small bank. First National Bank in Howell, whose headquarters are in Howell, Michigan, lacks premium access to support representatives, with no live chat or all-day service options available. It is a conventional brick-and-mortar bank with in-person service, in addition to its online and mobile apps. With a commendable 4 stars out of 5, First National Bank in Howell proves it is a good bank that gets the job done. First National Bank in Howell has a varied choice of banking products, which include savings accounts, checking accounts, money market accounts, CDs, mortgage products and credit cards. It has a fair savings rate; other popular banks have higher rates. If you're interested in stress-free personal checking, the bank's standard checking does not have a monthly fee. Institutions that offer no-fee checking, in addition to a high savings APY are your 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

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

First National Bank in Howell has a savings rate of 0.02%, which is fair in comparison to other U.S. banks. First National Bank in Howell's one-year CD has a rate of 0.20% and the five-year CD has a rate of 0.65%, while its highest-yielding money market account has an APY of 0.05%. Given its below average savings rate, you should think about looking elsewhere to open savings accounts.

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

On average, First National Bank in Howell charges customers extremely low fees as compared against the national average. First National Bank in Howell's checking account has no monthly fee, which makes it excellent for anyone looking for a simple account. For those who will need cash in a pinch, it is ideal because it has no out-of-network ATM fees. Also, at $35.00, its overdraft fee is lower than the average U.S. overdraft fee. First National Bank in Howell unfortunately doesn't refund out-of-network ATM charges, which means you'll need to find a First National Bank in Howell ATM or accept the withdrawal fee.

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. With mobile and web apps, First National Bank in Howell makes account access convenient, even on the go. It does not provide access to all-day customer service with representatives. You can get help during its customer service hours, which are Monday through Friday and 8:00 a.m. to 4:30 p.m. ET. First National Bank in Howell's online and mobile banking services get poor feedback from customers. The First National Bank in Howell mobile app rates a 3.2 out of 5 (out of 13 ratings on Apple and Android) compared to the national average of 3.8. First National Bank in Howell's mobile app lets you control your bank accounts by checking monthly statements, sending and receiving funds as well as reaching support representatives. First National Bank in Howell receives an exceptional consumer satisfaction score due to relatively few complaints filed with the Consumer Financial Protection Bureau (CFPB), a government-sponsored consumer protection agency.

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 ranks as a small bank owning assets totaling $399 million and $351 million in deposits. First National Bank in Howell's Texas Ratio is 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 Accounts 0.03% APY 0.05% APY $10000 $15000

First National Bank in Howell has several deposit products like 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 consider looking 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 compared to the average U.S. bank.

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Find a First National Bank in Howell Near Me

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

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