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First National Bank of Tennessee Review

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We maintain strict editorial integrity in our writing and assessments. This post contains links from our advertisers, and we may receive compensation when you click these links. Any opinions, analyses, reviews or recommendations expressed in this article are those of the author’s alone. | Advertiser Disclosure We maintain strict editorial integrity in our writing and assessments. This post contains links from our advertisers, and we may receive compensation when you click these links. Any opinions, analyses, reviews or recommendations expressed in this article are those of the author’s alone. | Advertiser Disclosure
First National Bank of Tennessee Savings
0.35% APY
1. Overview 2. How We Rated It 3. Products Offered 4. Branch Locations

Overview

Founded in 1965, First National Bank of Tennessee has assets totaling $824 million as well as deposits totaling $727 million, making it a medium-size bank. First National Bank of Tennessee, whose headquarters are in Livingston, Tennessee, 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 apps. With a score of 4.4 stars out of 5, First National Bank of Tennessee should be solidly in contention for your choice of bank. First National Bank of Tennessee offers a varied selection of product offerings, including savings accounts, checking accounts, money market accounts, CDs, IRAs and mortgage products. First National Bank of Tennessee 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 Tennessee offers an option without a maintenance or monthly fee. Finding a bank with free checking as well as a high interest rate savings account is the best option for accruing the highest income from your deposits while maintaining easy access to your money.

How We Rated It

SmartAsset's Overall Rating

4.4/5
National Average: 4.1

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

Rates

3.1
SmartAsset Average: 3.5

With a savings rate of 0.35%, First National Bank of Tennessee ranks poorly compared to the average U.S. bank. First National Bank of Tennessee's CD rates are 1.00% and 1.70% for the one-year and five-year term lengths, respectively, while its highest-yielding money market account earns at a rate of 0.20%. Given First National Bank of Tennessee's below average savings rate, you should think about opting for higher earning savings accounts with other banks.

How First National Bank of Tennessee's Savings Rates Compare

First National Bank of Tennessee Savings 0.35 National Average 0.26 Compare Offers
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Fees

5.0
SmartAsset Average: 4.4

First National Bank of Tennessee generally has extremely low fees in comparison to other U.S. banks. Its checking account has no monthly fee, rating it excellent for anyone looking for a simple account. First National Bank of Tennessee does not refund out-of-network ATM charges, which means you will need to locate a First National Bank of Tennessee 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 N/A National Average: $35.00
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Service Quality

4.4
SmartAsset Average: 3.7

First National Bank of Tennessee is a brick-and-mortar bank, with seven total branches in Tennessee. It also offers access to mobile and web apps for easy access and banking on the go. It does not have all-day customer service with representatives. You can get help during its hours, which are Monday through Thursday, 8:00 a.m. to 4:30 p.m. ET; Friday, and 8:00 a.m. to 5:00 p.m. ET. First National Bank of Tennessee's online and mobile banking services receive great ratings from users. Out of 770 ratings across iOS and Android platforms, the First National Bank of Tennessee mobile app rates a 4.8 out of 5 (compared to the national average of 3.8). You can use First National Bank of Tennessee's mobile app to manage your bank accounts by monitoring account balances, transferring funds and accessing customer service. First National Bank of Tennessee gets an exceptional consumer satisfaction score based on comparatively few complaints reported to the Consumer Financial Protection Bureau (CFPB), a government-sponsored consumer protection agency.

Overall Mobile Rating 4.8/5
Consumer Satisfaction Rating 5.0/5
Online Banking Portal No
Live Chat No
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Financial Health

4.9
SmartAsset Average: 4.8

First National Bank of Tennessee is a medium-size bank owning $824 million in assets and $727 million in deposits. First National Bank of Tennessee's Texas Ratio is 3.12%, denoting a negligible chance of failure. Additionally, First National Bank of Tennessee is FDIC-insured, meaning that your money is insured up to $250,000, even in the event of bank failure.

Texas Ratio Analysis

3.12%
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 Tennessee to Other Competitive Offers

Products Offered

Product Current Terms and Rates Minimum Balance for APY
Savings Account 0.35% APY $100
Checking Account 0.05% APY $1000
Certificates of Deposit
  • 12 Month: 1.00% APY
  • 24 Month: 1.35% APY
  • 36 Month: 1.45% APY
  • 48 Month: 1.55% APY
  • 60 Month: 1.70% APY
$1000 for all terms
Money Market Accounts 0.2% APY 0.2% APY $10000 $15000

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

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Find a First National Bank of Tennessee Near Me

First National Bank of Tennessee has seven physical branches in the U.S.

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