Loading
Tap on the profile icon to edit
your financial details.

First National Bank Texas Review

Your Details Done
by Updated
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 Texas First National Bank Texas
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

Product Key Features
Savings Account
  • Minimum deposit depends on method of account opening 
  • Earns interest according to balance tiers 
  • Kids savings account available 
Certificates of Deposit
  • Fixed rate and variable rate accounts available
  • Terms between three months and five years 
Money Market Account
  • Higher balances earn at higher rates
Checking Accounts
  • High monthly fees, although waivable

First National Bank Texas Interest Rate Comparison

Compare First National Bank Texas to Other Competitive Offers

Savings Account

Key Features Details
Minimum Deposit $1 in person, $20 online
Access to Your Savings Account Online, mobile, ATMs and physical branches.
Security FDIC insurance up to the maximum amount allowed by law. 
Fees $5 monthly fee, waivable with one of the following
  • $100 daily minimum balance
  • Monthly recurring direct deposit of at least $100 
Current Terms and Rates
  • Account balances below $25,000: 0.05% APY
  • Account balances of $25,000 - $49,999.99: 0.08% APY
  • Account balances of $50,000 and over: 0.13% APY

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

Key Features Details
Minimum Deposit $1
Access to Your Savings Account Online, mobile, ATMs and physical branches.
Security FDIC insurance up to the maximum amount allowed by law. 
Fees $5 monthly fee, waivable with one of the following
  • $100 minimum daily balance 
  • Monthly recurring direct deposit of at least $5
  • Automatic transfer of at least $5 from another First National Bank Texas/First Convenience Bank account
  • Enroll in E-Statements
Current Terms and Rates
  • Account balances below $25,000: 0.05% APY
  • Account balances of $25,000 - $49,999.99: 0.08% APY
  • Account balances of $50,000 and over: 0.13% APY

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)

Key Features Details
Minimum Deposit
  • 9-Month CD: $5,000
  • All other terms: $500
Access to Your CD Account Online, mobile, ATMs and physical branches.
Security FDIC insurance up to the maximum amount allowed by law. 
Fees No monthly fee, but early withdrawal penalties may apply.
Current Terms and Rates
  • 3 Month
    • Account balances of $500 - $49,999.99: 0.15% APY
    • Account balances of $50,000 and over: 0.20% APY
  • 6 Month
    • Account balances of $500 - $49,999.99: 0.25% APY
    • Account balances of $50,000 and over: 0.30% APY
  • 9 Month: 0.30% APY
  • 1 Year
    • Account balances of $500 - $49,999.99: 0.35% APY
    • Account balances of $50,000 and over: 0.45% APY
  • 2 Year
    • Account balances of $500 - $49,999.99: 0.70% APY
    • Account balances of $50,000 and over: 0.75% APY
  • 5 Year
    • Account balances of $500 - $49,999.99: 1.21% APY
    • Account balances of $50,000 and over: 1.31% APY

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)

Key Features Details
Minimum Deposit $500
Access to Your CD Account Online, mobile, ATMs and physical branches.
Security FDIC insurance up to the maximum amount allowed by law. 
Fees No monthly fee, but early withdrawal penalties may apply.
Current Terms and Rates 6 - 18 Month
  • Account balances of $500 - $49,999.99: 0.30% APY
  • Account balances of $50,000 and over: 0.35% APY

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

Key Features Details
Minimum Deposit $1
Access to Your Money Market Account Online, mobile, ATMs and physical branches.
Security FDIC insurance up to the maximum amount allowed by law. 
Fees $12 monthly fee, waivable with $2,500 minimum daily balance
Current Terms and Rates
  • Account balances below $2,500: 0.05% APY
  • Account balances of $2,500 - $24,999.99: 0.10% APY
  • Account balances of $25,000 - $49,999.99: 0.12% APY
  • Account balances of $50,000 and over: 0.15% APY

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 

Key Features Details
Minimum Deposit $1 in person, $20 online
Access to Your Checking Account Online, mobile, ATMs and physical branches.
Security FDIC insurance up to the maximum amount allowed by law. 
Fees $12 monthly fee, waivable with one of the following
  • Are 55 or older
  • $100 minimum daily balance
  • Monthly recurring direct deposit of at least $100
  • Complete at least eight debit card purchases

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

Key Features Details
Minimum Deposit $1
Access to Your Checking Account Online, mobile, ATMs and physical branches.
Security FDIC insurance up to the maximum amount allowed by law. 
Fees $12 monthly fee, waivable with $500 minimum daily balance
Current Terms and Rates 0.05% APY

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

Key Features Details
Minimum Deposit $1
Access to Your Checking Account Online, mobile, ATMs and physical branches.
Security FDIC insurance up to the maximum amount allowed by law. 
Fees $20 monthly fee, waivable with $10,000 minimum daily balance
Current Terms and Rates
  • Account balances below $10,000: 0.05% APY
  • Account balances of $10,000 and over: 0.07% APY

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

Key Features Details
Minimum Deposit $1 in person, $20 online
Access to Your Checking Account Online, mobile, ATMs and physical branches.
Security FDIC insurance up to the maximum amount allowed by law. 
Fees
  • $7 monthly fee without E-Statement enrollment
  • $5 monthly fee with E-Statement enrollment

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 $1.69 billion in assets and $761.22 million in loans. Customers hold $1.43 billion in deposits with the bank. 

First National Bank Texas has an excellent Texas Ratio of 0.25%. 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.

Save more with these rates that beat the National Average
Unfortunately, we are currently unable to find savings account that fit your criteria. Please change your search criteria and try again.
Searching for accounts...
Ad Disclosure
Unfortunately, we are currently unable to find savings account that fit your criteria. Please change your search criteria and try again.
Searching for accounts...
Ad Disclosure