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First National Bank of Gillette Review

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First National Bank of Gillette Savings
0.35% APY
1. Overview 2. How We Rated It 3. Products Offered 4. Branch Locations

Overview

Established in 1963, First National Bank of Gillette has $552 million in assets as well as deposits totaling $489 million, making it a medium-size bank. First National Bank of Gillette, whose headquarters are in Gillette, Wyoming, lacks premium access to customer service, with no live chat or all-day service options available. It is a traditional brick-and-mortar bank with in-person service, in addition to its online and mobile apps. With a commendable 4.4 stars out of 5, First National Bank of Gillette proves it is a great choice and should warrant serious consideration. First National Bank of Gillette has a complete suite of banking products, which include savings accounts, checking accounts, money market accounts, CDs, mortgage products and credit cards. First National Bank of Gillette has a fair savings rate compared to the average savings account. If you're looking for a checking account for everyday use, First National Bank of Gillette's standard checking account does not have a monthly fee. Finding an institution with free checking and a high savings APY is the best option for returning the highest income from your deposits while maintaining easy access to your funds.

How We Rated It

SmartAsset's Overall Rating

4.4/5
National Average: 4.1

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

Rates

3.9
SmartAsset Average: 3.5

With a savings rate of 0.35%, First National Bank of Gillette ranks poorly in comparison to other U.S. banks. First National Bank of Gillette's one-year CD has a rate of 1.41% and the five-year CD has a rate of 2.78%, while its highest-yielding money market account has a rate of 0.50%. Given its below average savings rate, you should think about looking elsewhere to open savings accounts.

How First National Bank of Gillette's Savings Rates Compare

First National Bank of Gillette Savings 0.35 National Average 0.26 Compare Offers
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Fees

5.0
SmartAsset Average: 4.4

First National Bank of Gillette has typically extremely low fees in comparison to the average U.S. bank. First National Bank of Gillette's checking account has no monthly fee, ranking it excellent for anyone looking for a hassle-free account. For those who frequent the ATM, First National Bank of Gillette is perfect because it charges no out-of-network ATM fees. First National Bank of Gillette unfortunately does not reimburse out-of-network ATM charges, meaning you will need to search for a First National Bank of Gillette ATM or eat the cost of withdrawal.

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

4.2
SmartAsset Average: 3.7

First National Bank of Gillette is a brick-and-mortar bank, with three total branches in Wyoming. With mobile and web apps, First National Bank of Gillette makes mobile banking straightforward, even on the go. First National Bank of Gillette's online and mobile banking services receive great scores from users. The First National Bank of Gillette mobile app has been given a 4.5 out of 5 (with 11 reviews on Apple and Android) compared to the national average of 3.8. You can use First National Bank of Gillette's mobile app to control your funds by checking monthly statements, sending and receiving funds as well as reaching support representatives. First National Bank of Gillette gets a superb consumer satisfaction rating due to relatively few consumer complaints reported to the Consumer Financial Protection Bureau (CFPB), a government agency that protects consumers in the financial sector.

Overall Mobile Rating 4.5/5
Consumer Satisfaction Rating 5.0/5
Online Banking Portal No
Live Chat No
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Financial Health

4.3
SmartAsset Average: 4.8

First National Bank of Gillette is a medium-size bank with $552 million in assets as well as deposits totaling $489 million. Its Texas Ratio is 14.09%, signifying a tiny opportunity of failure. Additionally, First National Bank of Gillette is FDIC-insured, meaning that your money is insured up to $250,000, even in the event of bank failure.

Texas Ratio Analysis

14.09%
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 of Gillette to Other Competitive Offers

Products Offered

Product Current Terms and Rates Minimum Balance for APY
Savings Account 0.35% APY $1
Checking Account 0.15% APY $1
Certificates of Deposit
  • 12 Month: 1.41% APY
  • 24 Month: 1.81% APY
  • 36 Month: 2.12% APY
  • 48 Month: 2.32% APY
  • 60 Month: 2.78% APY
$500 for all terms
Money Market Accounts 0.5% APY 0.5% APY $10000 $15000

First National Bank of Gillette 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 Gillette 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 Gillette's CD rates are fair in comparison to the national average.

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Find a First National Bank of Gillette Near Me

First National Bank of Gillette has three physical branches in the U.S.

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