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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

Established in 1864, First National Bank of Pennsylvania has assets totaling $31 billion as well as $23 billion in deposits, which makes it a very large bank. First National Bank of Pennsylvania, whose headquarters are in Greenville, Pennsylvania, 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 3.9 out of 5 stars, First National Bank of Pennsylvania should be near the middle of the pack in your search for a bank. First National Bank of Pennsylvania offers a full selection of product offerings, including savings accounts, checking accounts, money market accounts, CDs, mortgage products and credit cards. First National Bank of Pennsylvania has a fair savings rate compared to the average savings account. If you're looking for a checking account for everyday use, First National Bank of Pennsylvania offers an option without a maintenance or monthly fee. Locating an institution with free checking as well as a high savings APY is your best option for accruing the most income from 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 as compared against the national average. Its 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 its below average savings rate, you should consider taking a look at other banks for savings accounts.

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 generally has extremely low fees compared to the average U.S. bank. Its checking account has no monthly fee, rating it excellent for anyone looking for a simple account. First National Bank of Pennsylvania doesn't reimburse out-of-network ATM charges, meaning you will be required to search for a First National Bank of Pennsylvania 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 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 straightforward access and banking on the go. First National Bank of Pennsylvania's online and mobile banking platforms get mediocre feedback from customers. Out of 1,900 customer reviews across both Apple and Android platforms, the First National Bank of Pennsylvania mobile app is scored at 3.0 out of 5 (compared to the national average of 3.8). First National Bank of Pennsylvania's mobile app allows you to manage your bank accounts by monitoring account balances, sending and receiving money and reaching customer service. However, First National Bank of Pennsylvania gets an average consumer satisfaction score because of a high number of complaints reported to the Consumer Financial Protection Bureau (CFPB), a government-sponsored consumer protection agency.

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 a very large bank and has $31 billion in assets and deposits totaling $23 billion. First National Bank of Pennsylvania's Texas Ratio is 4.10%, denoting that First National Bank of Pennsylvania is in terrific financial health and improbable to fail. 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 Accounts 0.04% APY 0.05% APY $10000 $15000

First National Bank of Pennsylvania 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 Pennsylvania 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 Pennsylvania's CD rates are fair in comparison to the average U.S. bank.

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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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