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First National Bank of Louisiana Review

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

Overview

Started in 1924, First National Bank of Louisiana has $386 million in assets and deposits totaling $311 million, which makes the institution a small bank. First National Bank of Louisiana, whose headquarters are in Crowley, Louisiana, 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 access to service representatives at a physical location, in addition to its online and mobile apps. We gave the bank a 4.5 out of 5 stars, which means First National Bank of Louisiana is a superb bank that warrants a serious look. First National Bank of Louisiana provides customers with a mixture of banking products, which include savings accounts, checking accounts, money market accounts, CDs, IRAs, mortgage products and credit cards. First National Bank of Louisiana has a fair savings rate; other popular banks have higher rates. If you're interested in stress-free personal checking, First National Bank of Louisiana's standard checking account does not carry a monthly fee. Locating a checking account with no monthly fee, in addition to a savings account with a high interest rate at the same bank is the best bet for returning the most income on your deposits while maintaining easy access to your funds.

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

3.7
SmartAsset Average: 3.5

With a savings rate of 0.25%, First National Bank of Louisiana ranks poorly in comparison to the national average. Its one-year CD has a rate of 1.00% and the five-year CD earns at a rate of 2.02%, while its highest-yielding money market account earns at a rate of 0.50%. Given First National Bank of Louisiana's below average savings rate, you should consider taking a look at other banks for savings accounts.

How First National Bank of Louisiana's Savings Rates Compare

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

5.0
SmartAsset Average: 4.4

First National Bank of Louisiana has typically extremely low fees as compared against the national average. First National Bank of Louisiana's checking account has no monthly fee, making it excellent for anyone looking for a simple account. Also, at $23.00, First National Bank of Louisiana has a markedly lower overdraft fee compared to the average overdraft fee charged by U.S. banks. First National Bank of Louisiana does not refund out-of-network ATM charges, meaning you will need to locate a First National Bank of Louisiana ATM or pay the cost of withdrawal.

Monthly Fee $0 National Average: $3.21
Non-network ATM Fee N/A National Average: $1.20
Overdraft Fee $23.00 National Average: $35.00
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Service Quality

4.2
SmartAsset Average: 3.7

First National Bank of Louisiana is a brick-and-mortar bank, with five total branches in Louisiana. With mobile and web apps, First National Bank of Louisiana makes account access easy, even on the go. First National Bank of Louisiana receives high praise from customers for its mobile platform. Out of 4 customer reviews on Apple and Android platforms, the First National Bank of Louisiana mobile app is scored at 4.5 out of 5 (compared to the national average of 3.8). First National Bank of Louisiana's mobile app allows you to manage your accounts by reviewing current statements, sending and receiving funds and accessing support representatives. First National Bank of Louisiana receives a superb consumer satisfaction score due to relatively few consumer complaints filed with the Consumer Financial Protection Bureau (CFPB), a government financial 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

5.0
SmartAsset Average: 4.8

First National Bank of Louisiana ranks as a small bank and owns $386 million in assets as well as deposits totaling $311 million. It has an excellent Texas Ratio of 0.00%, signifying a negligible possibility of failure. Additionally, First National Bank of Louisiana 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 Louisiana to Other Competitive Offers

Products Offered

Product Current Terms and Rates Minimum Balance for APY
Savings Account 0.25% APY $2500
Certificates of Deposit
  • 12 Month: 1.00% APY
  • 24 Month: 1.51% APY
  • 36 Month: 1.76% APY
  • 60 Month: 2.02% APY
$2500 for all terms
Money Market Account 0.25% APY $2500

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

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Find a First National Bank of Louisiana Near Me

First National Bank of Louisiana has five physical branches in the U.S.

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