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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

First National Bank of Huntsville started in 1890 with its headquarters in Huntsville, Texas. It manages assets of $473 million as well as $418 million in deposits, ranking it as a medium-size bank. First National Bank of Huntsville 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. On the whole, First National Bank of Huntsville is a fair bank that does not stack up to some of the other banks, with a rating of 3.3 out of 5 stars from our team. First National Bank of Huntsville provides customers with a full suite of banking products, including 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 carries a $6.00 monthly fee, making it a rather expensive bank for checking. Institutions that offer free checking as well as 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 in comparison to other U.S. banks. Its one-year CD has a rate of 0.85% and the five-year CD earns at a rate of 1.76%, while its highest-yielding money market account has an APY of 0.50%. Given First National Bank of Huntsville's below average savings rate, you should consider looking at the competition to open savings accounts.

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

On average, First National Bank of Huntsville charges its customers high fees in comparison to the average U.S. bank. At $6.00 per month, First National Bank of Huntsville is not great for those who want a simple checking account. First National Bank of Huntsville does not reimburse out-of-network ATM fees, meaning you'll need to search for a First National Bank of Huntsville ATM or pay the cost of withdrawal.

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. It also offers access to mobile and web apps for a simple mobile-banking experience. First National Bank of Huntsville's mobile app lets you manage your finances by looking at monthly statements, transferring funds as well as reaching customer service. First National Bank of Huntsville gets a superb consumer satisfaction score due to comparatively few complaints brought to 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 ranks as a medium-size bank with assets totaling $473 million as well as deposits totaling $418 million. First National Bank of Huntsville has an excellent Texas Ratio of 0.02%, signifying that First National Bank of Huntsville is in superb financial well-being and far from 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: 0.85% APY
  • 24 Month: 1.26% APY
  • 36 Month: 1.41% APY
  • 48 Month: 1.51% APY
  • 60 Month: 1.76% APY
$1000 for all terms
Money Market Account 0.3% APY $1

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 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 Huntsville's CD rates are fair compared 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 locations across the U.S.

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