Loading
Tap on the profile icon to edit
your financial details.
Advertiser Disclosure

First National Bank of Central Texas Review

Your Details Done
by Updated
First National Bank of Central Texas Savings
0.25% APY
1. Overview 2. How We Rated It 3. Products Offered 4. Branch Locations

Overview

Established in 1901, First National Bank of Central Texas has $829 million in assets and deposits totaling $740 million, which makes it a medium-size bank. First National Bank of Central Texas, whose headquarters are in Waco, Texas, lacks premium access to support representatives, with no live chat or all-day service options available. It is a traditional brick-and-mortar bank with access to service representatives at a physical location, in addition to its online and mobile offerings. We ranked First National Bank of Central Texas at a 4.5 stars out of 5, indicating that it is a superb bank that warrants a serious look. First National Bank of Central Texas has a mixture of banking products, which include savings accounts, checking accounts, money market accounts, CDs, IRAs and mortgage products. First National Bank of Central Texas has a fair savings rate; you can find higher rates with other banks. If you're interested in stress-free personal checking, First National Bank of Central Texas's ordinary checking account does not have a monthly fee. Banks that offer no-fee checking and a high savings APY are the best option for returning the most income from your deposits alongside convenient access to your money.

How We Rated It

SmartAsset's Overall Rating

4.5/5
National Average: 4.1

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

Rates

3.6
SmartAsset Average: 3.5

With a savings rate of 0.25%, First National Bank of Central Texas ranks poorly compared to the average U.S. bank. First National Bank of Central Texas's one-year CD has a rate of 1.26% and the five-year CD earns at a rate of 2.52%, while its highest-yielding money market account earns at a rate of 0.40%. Given First National Bank of Central Texas's noncompetitive savings rate, you should think about opting for higher earning savings accounts with other banks.

How First National Bank of Central Texas's Savings Rates Compare

First National Bank of Central Texas Savings 0.25 National Average 0.26 Compare Offers
Back to Overview

Fees

5.0
SmartAsset Average: 4.4

On average, First National Bank of Central Texas charges its customers extremely low fees in comparison to the national average. First National Bank of Central Texas's checking account has no monthly fee, ranking it excellent for anyone looking for a simple account. First National Bank of Central Texas unfortunately does not refund out-of-network ATM fees, meaning you will be required to locate a First National Bank of Central Texas ATM or pay the ATM charge.

Monthly Fee $0 National Average: $3.21
Non-network ATM Fee N/A National Average: $1.20
Overdraft Fee N/A National Average: $35.00
Back to Overview

Service Quality

4.2
SmartAsset Average: 3.7

First National Bank of Central Texas is a brick-and-mortar bank, with five total branches in Texas. It also offers access to mobile and web apps for a straightforward mobile-banking experience. First National Bank of Central Texas gets high praise from users for its online presence. The First National Bank of Central Texas mobile app rates a 4.5 out of 5 (out of 28 reviews on Apple and Android) compared to the national average of 3.8. First National Bank of Central Texas's mobile app lets you control your funds by reviewing monthly statements, sending and receiving funds as well as accessing customer service. First National Bank of Central Texas receives a superb consumer satisfaction rating due to relatively few consumer complaints reported to the Consumer Financial Protection Bureau (CFPB), a government-backed consumer protection agency.

Overall Mobile Rating 4.5/5
Consumer Satisfaction Rating 5.0/5
Online Banking Portal No
Live Chat No
Back to Overview

Financial Health

5.0
SmartAsset Average: 4.8

First National Bank of Central Texas is a medium-size bank owning assets totaling $829 million as well as deposits totaling $740 million. It has an excellent Texas Ratio of 1.12%, denoting a minute likelihood of failure. Additionally, First National Bank of Central Texas 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 of Central Texas to Other Competitive Offers

Products Offered

Product Current Terms and Rates Minimum Balance for APY
Savings Account 0.25% APY $1
Checking Account 0.15% APY $100
Certificates of Deposit
  • 12 Month: 1.26% APY
  • 24 Month: 1.51% APY
  • 36 Month: 2.02% APY
  • 60 Month: 2.52% APY
$1000 for all terms
Money Market Account 0.4% APY $2500

First National Bank of Central Texas 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 of Central Texas 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 of Central Texas's CD rates are fair in comparison to the average U.S. bank.

Back to Overview

Find a First National Bank of Central Texas Near Me

First National Bank of Central Texas has five locations in the U.S.

Back to Overview
Save more with these rates that beat the National Average
Unfortunately, we are currently unable to find savings account that fit your criteria. Please change your search criteria and try again.
Searching for accounts...
Ad Disclosure
Unfortunately, we are currently unable to find savings account that fit your criteria. Please change your search criteria and try again.
Searching for accounts...
Ad Disclosure