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First Security Bank 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 Security Bank Savings
0.35% APY

Overview

Our Rating: 4.4/5 How we calculated this rating

Founded in 1919, First Security Bank has assets totaling $1 billion as well as $892 million in deposits, making the institution a medium-size bank. First Security Bank, whose headquarters are in Bozeman, Montana, has above-average customer service access with all-day support available, which is helpful for those that work during typical customer service hours. It is a traditional brick-and-mortar bank, which means in-person service, in addition to its online and mobile apps. We ranked First Security Bank at a 4.4 out of 5 stars, which means it is a great bank that you should seriously consider. 

First Security Bank provides customers with a mixture of product offerings, including savings accounts, checking accounts, money market accounts, CDs, IRAs and mortgage products. Suitable for stashing your money, First Security Bank's savings account has a solid interest rate. A great, everyday account, First Security Bank's ordinary checking account does not have a monthly fee. Why keep checking and savings accounts with one bank? Quick transferring between the two accounts means you can still get higher interest rates in your savings account but still have access to your funds from your checking.

Service Quality

First Security Bank is a brick-and-mortar bank, with 11 total branches in 0. It also offers access to mobile and web apps for an easy mobile-banking experience. It offers all-day access to representatives. 

First Security Bank receives fair marks from customers for its mobile app: the First Security Bank mobile app has an overall rating of 2.7 out of 5 (with 500 customer reviews on iOS and Android) compared to the national average of 3.8. You can access First Security Bank's app to manage your accounts by reviewing monthly statements, transferring funds and accessing customer service. First Security Bank gets a superb consumer satisfaction rating due to relatively few complaints reported to the Consumer Financial Protection Bureau (CFPB), a government-sponsored consumer protection agency. 

Products Offered

Product Current Terms and Rates Minimum Balance for APY  
Savings Accounts 0.35% APY $25 Compare Offers
Certificates of Deposit
  • 12 Month: 1.45% APY
  • 24 Month: 1.95% APY
  • 60 Month: 3.00% APY
$1,000 for all tiers Compare Offers
Money Market Accounts
  • 10K tier: 0.40% APY
  • 25K tier: 0.45% APY
  • $10,000
  • $25,000
Compare Offers
Checking Accounts 0.35% APY $1 Compare Offers

First Security Bank offers several deposit products including savings accounts, checking accounts, money market accounts and CDs, meaning you have many options to manage your money. First Security Bank does not have the best savings rate, which means you should think about looking elsewhere for banks that offer more return for your money. CDs can be a terrific option to achieve higher returns, but there are limitations to accessing your money. First Security Bank's CD rates are fairly competitive in comparison to other U.S. banks.

Rates

With a savings rate of 0.35%, First Security Bank ranks around the mean in comparison to the national average. First Security Bank's CD rates are 1.45% and 3.00% for the one-year and five-year term lengths, respectively, while its highest-yielding money market account has a rate of 0.45%. With a higher-than-average savings rate, First Security Bank's savings account is ideal if you are looking to work toward an important milestone such as sending your kids to college.

Compare First Security Bank to Other Competitive Offers

Fees

On average, First Security Bank charges its customers extremely low fees in comparison to the average U.S. bank. First Security Bank's checking account has no monthly fee, rating it excellent for anyone looking for a hassle-free account. 

Financial Health

First Security Bank ranks as a medium-size bank owning $1 billion in assets and deposits totaling $892 million. First Security Bank has an excellent Texas Ratio of 4.69%, signifying a very minute chance of failure. Additionally, First Security Bank is FDIC-insured, meaning that your money is insured (up to $250,000) even in the event of bank failure.

Find a First Security Bank Near Me

First Security Bank has 11 physical branches across the U.S.

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