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First National Bank of Pennsylvania Review

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First National Bank of Pennsylvania Savings
0.01% APY
1. Overview 2. How We Rated It 3. Products Offered 4. Branch Locations

Overview

Founded in 1864, First National Bank of Pennsylvania has $31 billion in assets and $23 billion in deposits, classifying the institution as a very large bank. First National Bank of Pennsylvania, whose headquarters are in Greenville, Pennsylvania, lacks premium access to customer service, 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 apps. On the whole, First National Bank of Pennsylvania is a good bank that deserves your consideration, with a score of 3.9 stars out of 5 from the SmartAsset team. First National Bank of Pennsylvania has a diverse array of product offerings, which include savings accounts, checking accounts, money market accounts, CDs, mortgage products and credit cards. First National Bank of Pennsylvania has a fair savings rate; you can find higher rates with other banks. If you're interested in stress-free personal checking, First National Bank of Pennsylvania's standard checking does not have a monthly fee. Institutions that offer no-fee checking, in addition to a high interest rate savings account are your best option for accruing the most income on your deposits while maintaining convenient access to your funds.

How We Rated It

SmartAsset's Overall Rating

3.9/5
National Average: 4.1

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

Rates

3.0
SmartAsset Average: 3.5

With a savings rate of 0.01%, First National Bank of Pennsylvania ranks poorly in comparison to the average U.S. bank. First National Bank of Pennsylvania's one-year CD earns at a rate of 0.55% and the five-year CD earns at a rate of 1.30%, while its highest-yielding money market account has a rate of 0.05%. Given First National Bank of Pennsylvania's poor savings rate, you should think about choosing another bank to earn more on your deposits.

How First National Bank of Pennsylvania's Savings Rates Compare

First National Bank of Pennsylvania Savings 0.01 National Average 0.26 Compare Offers
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Fees

5.0
SmartAsset Average: 4.4

First National Bank of Pennsylvania charges its customers extremely low fees as compared against the national average. With no monthly fee, First National Bank of Pennsylvania's checking account is perfect for people who need a hassle-free banking experience. First National Bank of Pennsylvania does not refund out-of-network ATM charges, meaning you will be required to search for a First National Bank of Pennsylvania ATM or eat the withdrawal fee.

Monthly Fee $0 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

2.7
SmartAsset Average: 3.7

First National Bank of Pennsylvania is a brick-and-mortar bank, with 416 total bank locations in North Carolina, Ohio, Pennsylvania, South Carolina and West Virginia. It also offers access to mobile and web apps for a straightforward mobile-banking experience. First National Bank of Pennsylvania's online and mobile banking platforms get mediocre feedback from customers. The First National Bank of Pennsylvania mobile app has been given a 3.0 out of 5 (out of 1,900 reviews on Apple and Android) compared to the national average of 3.8. You can access First National Bank of Pennsylvania's app to manage your funds by looking at monthly statements, sending and receiving funds as well as accessing support representatives. However, First National Bank of Pennsylvania gets a fair consumer satisfaction rating because of a large number of complaints registered with the Consumer Financial Protection Bureau (CFPB), a government financial agency that protects consumers in the financial sector.

Overall Mobile Rating 3.0/5
Consumer Satisfaction Rating 3.0/5
Online Banking Portal No
Live Chat No
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Financial Health

4.8
SmartAsset Average: 4.8

First National Bank of Pennsylvania is currently a very large bank and manages assets totaling $31 billion and deposits totaling $23 billion. First National Bank of Pennsylvania's Texas Ratio is 4.10%, suggesting that the bank is in terrific financial health and far from failure. Additionally, First National Bank of Pennsylvania is FDIC-insured, meaning that your money is insured up to $250,000, even in the event of bank failure.

Texas Ratio Analysis

4.1%
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 Pennsylvania to Other Competitive Offers

Products Offered

Product Current Terms and Rates Minimum Balance for APY
Savings Account 0.01% APY $2500
Checking Account 0.01% APY $2500
Certificates of Deposit
  • 12 Month: 0.55% APY
  • 24 Month: 0.50% APY
  • 36 Month: 1.00% APY
  • 48 Month: 1.30% APY
  • 60 Month: 1.30% APY
$500 for all terms
Money Market Account 0.04% APY $10000

First National Bank of Pennsylvania 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 Pennsylvania does not have the best savings rate, which means you should think about 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 Pennsylvania's CD rates are fair compared to other U.S. banks.

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Find a First National Bank of Pennsylvania Near Me

First National Bank of Pennsylvania has 416 physical branches across the U.S.

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