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First National Bank of Huntsville Review

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First National Bank of Huntsville Savings
0.25% APY
1. Overview 2. How We Rated It 3. Products Offered 4. Branch Locations

Overview

Started in 1890, First National Bank of Huntsville has $473 million in assets as well as deposits totaling $418 million, ranking it as a medium-size bank. First National Bank of Huntsville, whose headquarters are in Huntsville, Texas, lacks premium access to support representatives, 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. On the whole, First National Bank of Huntsville is a satisfactory bank that does not stack up to some of the other banks, with a rating of 3.3 stars out of 5 from our experts. First National Bank of Huntsville has the full slate of product offerings, which include savings accounts, checking accounts, money market accounts, CDs and IRAs. First National Bank of Huntsville has a fair savings rate; you can find higher rates with other banks. The bank's standard checking product maintains a monthly fee of $6.00, making it a rather expensive bank for checking. Institutions that offer no-fee checking and a high interest rate savings account are your best bet for accruing the most income from your deposits while maintaining easy access to your money.

How We Rated It

SmartAsset's Overall Rating

3.3/5
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 Huntsville ranks poorly compared to other U.S. banks. Its one-year CD earns at a rate of 1.61% and the five-year CD has a rate of 2.42%, while its highest-yielding money market account has an APY of 0.75%. Given its poor savings rate, you should consider choosing another bank to earn more on your deposits.

How First National Bank of Huntsville's Savings Rates Compare

First National Bank of Huntsville Savings 0.25 National Average 0.26 Compare Offers
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Fees

2.0
SmartAsset Average: 4.4

First National Bank of Huntsville charges customers high fees compared to other U.S. banks. At $6.00 per month, First National Bank of Huntsville is less than the best product for people who want a basic checking account. First National Bank of Huntsville does not refund out-of-network ATM fees, meaning you'll need to search for a First National Bank of Huntsville ATM or accept the fee.

Monthly Fee $6.00 National Average: $3.21
Non-network ATM Fee N/A National Average: $1.20
Overdraft Fee N/A National Average: $35.00
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Service Quality

2.5
SmartAsset Average: 3.7

First National Bank of Huntsville is a brick-and-mortar bank, with five total branches in Texas. With mobile and web apps, First National Bank of Huntsville makes mobile banking convenient, even on the go. First National Bank of Huntsville's mobile app allows you to manage your finances by reviewing account balances, transferring money as well as reaching customer service. First National Bank of Huntsville receives an exceptional consumer satisfaction score based on comparatively few complaints registered with the Consumer Financial Protection Bureau (CFPB), a government-backed consumer protection agency.

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

5.0
SmartAsset Average: 4.8

First National Bank of Huntsville is a medium-size bank owning assets totaling $473 million and deposits totaling $418 million. First National Bank of Huntsville has an excellent Texas Ratio of 0.02%, suggesting a low possibility of failure. Additionally, First National Bank of Huntsville 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.

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Compare First National Bank of Huntsville to Other Competitive Offers

Products Offered

Product Current Terms and Rates Minimum Balance for APY
Savings Account 0.25% APY $1
Checking Account 0.1% APY $1
Certificates of Deposit
  • 12 Month: 1.61% APY
  • 24 Month: 2.22% APY
  • 36 Month: 2.02% APY
  • 48 Month: 2.02% APY
  • 60 Month: 2.42% APY
$1000 for all terms
Money Market Accounts 0.6% APY 0.75% APY $10000 $15000

First National Bank of Huntsville 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 of Huntsville does not have the best savings rate, which means you should consider 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 Huntsville's CD rates are fair in comparison to the average U.S. bank.

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Find a First National Bank of Huntsville Near Me

First National Bank of Huntsville has five physical branches across the U.S.

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