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

First National Bank of Central Texas first started operating in 1901 and its headquarters are located in Waco, Texas. First National Bank of Central Texas handles assets of $829 million as well as $740 million in deposits, classifying it as a medium-size bank. First National Bank of Central Texas lacks premium access to customer service, with no options for live chat or all-day service. It is a conventional brick-and-mortar bank with in-person service, in addition to its online and mobile offerings. With a score of 4.5 out of 5 stars, First National Bank of Central Texas should be solidly in contention for your choice of bank. First National Bank of Central Texas offers a varied selection of banking products, which include savings accounts, checking accounts, money market accounts, CDs, IRAs and mortgage products. It has a fair savings rate compared to the average savings account. If you're interested in stress-free personal checking, First National Bank of Central Texas offers an option without a monthly fee. Using an institution with free checking as well as a high interest rate savings account is your best option for getting the most income on your deposits while having easy 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

First National Bank of Central Texas features a savings rate of 0.25%, which is fair compared to the national average. First National Bank of Central Texas's CDs feature a rate of 0.90% and 1.76% for the one-year and five-year term lengths, respectively, while its highest-yielding money market account earns at a rate of 0.25%. Given its noncompetitive savings rate, you should think about looking at the competition to open savings accounts.

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

First National Bank of Central Texas typically has extremely low fees in comparison to other U.S. banks. 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 doesn't refund out-of-network ATM charges, which means you will need to search for a First National Bank of Central Texas ATM or pay the fee.

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 easy access and banking on the go. First National Bank of Central Texas's online and mobile banking platforms get great ratings from customers. The First National Bank of Central Texas mobile app has been given a 4.5 out of 5 (with 28 reviews on Apple and Android) compared to the national average of 3.8. You can use First National Bank of Central Texas's mobile app to manage your funds by monitoring current statements, transferring money and accessing support representatives. First National Bank of Central Texas gets an outstanding consumer satisfaction rating due to comparatively few complaints registered with the Consumer Financial Protection Bureau (CFPB), a government-sponsored 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 ranks as a medium-size bank and has assets totaling $829 million and deposits totaling $740 million. First National Bank of Central Texas's Texas Ratio is 1.12%, indicating that the bank is in superb financial well-being and far from 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: 0.90% APY
  • 24 Month: 1.26% APY
  • 36 Month: 1.56% APY
  • 60 Month: 1.76% APY
$1000 for all terms
Money Market Account 0.25% APY $2500

First National Bank of Central Texas offers several deposit products like savings accounts, checking accounts, money market accounts and CDs to give you 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 other options 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 compared to other U.S. banks.

Back to Overview

Find a First National Bank of Central Texas Near Me

First National Bank of Central Texas has five branches across 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