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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

Established in 1924, First National Bank of Louisiana has assets totaling $386 million along with deposits totaling $311 million, making it a small bank. First National Bank of Louisiana, whose headquarters are in Crowley, Louisiana, lacks premium access to support representatives, with no live chat or all-day service options available. 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 Louisiana should be solidly in contention for your choice of bank. First National Bank of Louisiana offers a full array of banking products, which include savings accounts, checking accounts, money market accounts, CDs, IRAs, mortgage products and credit cards. It 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 have a monthly fee. Finding an institution with free checking as well as a high savings APY is the best bet for getting the most income from your deposits alongside convenient 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

3.7
SmartAsset Average: 3.5

First National Bank of Louisiana features a savings rate of 0.25%, which is poor compared to the national average. Its one-year CD has a rate of 1.61% and the five-year CD earns at a rate of 2.02%, while its highest-yielding money market account has an APY of 0.50%. Given First National Bank of Louisiana's below average savings rate, you should consider other options to earn more on your deposits.

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 in comparison to other U.S. banks. With no monthly fee, First National Bank of Louisiana's checking account is ideal for people who want a hassle-free banking experience. Also, at $23.00, its overdraft fee is noticeably lower than the average U.S. overdraft fee. First National Bank of Louisiana unfortunately doesn't refund out-of-network ATM fees, which means you will have to find a First National Bank of Louisiana ATM or pay the withdrawal fee.

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 mobile banking easy, even on the go. First National Bank of Louisiana's online and mobile banking platforms receive positive scores from customers. Out of 4 ratings across both iOS and Android platforms, the First National Bank of Louisiana mobile app rates a 4.5 out of 5 (compared to the national average of 3.8). First National Bank of Louisiana's mobile app lets you control your bank accounts by looking at account balances, transferring funds and accessing customer service. First National Bank of Louisiana receives a superb consumer satisfaction score based on relatively few consumer complaints registered 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 is a small bank with assets totaling $386 million as well as deposits totaling $311 million. It has an excellent Texas Ratio of 0.00%, suggesting that the bank is in terrific financial condition and improbable to fail. 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: 1.61% 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 offers 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 Louisiana 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 Louisiana's CD rates are fair compared to the average U.S. bank.

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Find a First National Bank of Louisiana Near Me

First National Bank of Louisiana has five locations across the U.S.

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