First National Bank Texas Review

First National Bank Texas Savings

0.05% APY

First National Bank Texas has been around since 1901 in Killeen, Texas. Today, the bank offers a variety of accounts from a simple savings account to a variable rate CD to an interest-earning checking account. These personal accounts come with some great low minimum deposits and solid rates. You can also find business banking accounts, loans and insurance products with First National Bank Texas. 

Products Offered

First National Bank Texas Interest Rate Comparison

Savings Account

This Savings Account is pretty simple. It doesn’t come with any extra perks or hoops to jump through. There is a low monthly fee that you can waive in a couple easy ways. 

The amount you’ll need to open the account depends on whether you visit a branch or open online - but it’s low either way. After that, however, there is no minimum balance you need to meet to keep the account open. Certain balances can waive the monthly fee and earn you higher rates, though. 

Kids Count Savings Account

The Kids Count Savings account earns at the same solid rates as the regular savings account to help you teach your child how savings work. The account is meant for customers under the age of 21. Once the minor turns 21, the account will always cost $5. 

Fixed Rate CD (Certificate of Deposit)

First National Bank Texas offers six different Fixed Rate CD terms. They range from three months to five years so you can find an account or two that work for your savings goals whether long or short term. 

You’ll need at least $500 to open one account and to start earning interest. If you deposit more than $50,000, you can earn at a higher rate. 

Variable Rate CD (Certificate of Deposit)

Unlike typical CDs, a Variable Rate CD holds the potential to change your rate after opening. It also offers the opportunity to make additional deposits to further boost your savings. So once you’ve opened your account with at least $500, you can continue to make add-on deposits of at least $25. You still cannot make early withdrawals without facing a penalty. 

Money Market Account

If you want to earn interest like a savings account but be able to access that account like a checking account, a money market account could be the solution. You’ll earn at some pretty solid rates here, especially with higher balances. Plus, you’ll have the ability to write checks through this account. 

Power Checking 

This checking account is meant for simple and everyday usage. There is a monthly fee that is relatively high for a simple checking account. But if you use the account as your primary checking account, setting up direct deposits and make your debit card purchases, you should be able to waive the fee. 

Checking with Interest Account

If you want a little more boost to your savings, you can open the Checking with Interest account. This account earns a little bit of interest on your checking account balance with all the same perks as a regular checking account like unlimited check writing.

President Select High Yield Checking Account

If you have higher deposits and want to earn higher rates on your checking account, the President Select High Yield Checking account could be the account for you. It earns at the same rate as the Checking with Interest account unless you have an account balance of at least $10,000. This minimum balance will also waive the high monthly fee. 

eAccount Checking

This eAccount works as an electronic alternative to traditional checking accounts. You’ll do better to enroll in e-Statements, so you can waive the unnecessary monthly fee. You also won’t have the ability to write checks with this account. 

Branch Locations 

First National Bank Texas operates over 300 branches in Texas, New Mexico and Arizona. You also have access to First National ATMs and Gold Key ATMs.

Financial Statistics & Bank Health Rating

First National Bank Texas currently has $4.25 billion in assets and $1.88 billion in loans. Customers hold $3.69 billion in deposits with the bank. 

First National Bank Texas has an excellent Texas Ratio of 0.95%. The Texas Ratio indicates how much risk a bank poses to your deposits. It’s calculated by dividing the amount of non-performing assets (unbacked current loans and real estate owned) by the sum of the bank’s tangible equity capital and its loan loss allowances.