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

First State Bank and Trust Company Review

Your Details Done
by Updated
First State Bank and Trust Company Savings
0.25% APY
1. Overview 2. How We Rated It 3. Products Offered 4. Branch Locations

Overview

Founded in 1934, First State Bank and Trust Company has $360 million in assets as well as deposits totaling $311 million, ranking the institution as a small bank. First State Bank and Trust Company, whose headquarters are in Caruthersville, Missouri, lacks premium access to customer service, with no options for live chat or all-day service. It is a conventional brick-and-mortar bank with in-person service, in addition to its online and mobile apps. With a superb 4.5 out of 5 stars, First State Bank and Trust Company is among the best banks, and should be given strong consideration. First State Bank and Trust Company has a complete suite of product offerings, including savings accounts, checking accounts, money market accounts, CDs, IRAs and mortgage products. First State Bank and Trust Company has a fair savings rate; other popular banks have higher rates. If you're interested in stress-free personal checking, First State Bank and Trust Company's standard checking account does not have a monthly charge. Banks that offer no-fee checking and a high interest rate savings account are your best bet for gaining the most income from your deposits alongside easy access to your funds.

How We Rated It

SmartAsset's Overall Rating

4.5/5
National Average: 4.1

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

Rates

4.3
SmartAsset Average: 3.5

First State Bank and Trust Company has a savings rate of 0.25%, which is poor in comparison to the average U.S. bank. First State Bank and Trust Company's one-year CD has a rate of 2.10% and the five-year CD has a rate of 2.20%, while its highest-yielding money market account earns at an APY of 1.70%. Given First State Bank and Trust Company's noncompetitive savings rate, you should consider looking at the competition to open savings accounts.

How First State Bank and Trust Company's Savings Rates Compare

First State Bank and Trust Company Savings 0.25 National Average 0.26 Compare Offers
Back to Overview

Fees

5.0
SmartAsset Average: 4.4

On average, First State Bank and Trust Company charges its customers extremely low fees in comparison to the national average. Its checking account has no monthly fee, rating it excellent for anyone looking for a simple account. First State Bank and Trust Company unfortunately doesn't refund out-of-network ATM charges, which means you will be required to find a First State Bank and Trust Company ATM or accept the ATM charge.

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
Back to Overview

Service Quality

3.7
SmartAsset Average: 3.7

First State Bank and Trust Company is a brick-and-mortar bank, with five total branches in Missouri. It also offers access to mobile and web apps for a simple mobile-banking experience. First State Bank and Trust Company's online and mobile banking services get fair scores from users. Out of 15 customer reviews on iOS and Android platforms, the First State Bank and Trust Company mobile app is scored at 3.5 out of 5 (compared to the national average of 3.8). First State Bank and Trust Company's mobile app lets you manage your funds by looking at account balances, transferring funds and accessing customer service. First State Bank and Trust Company gets a superb consumer satisfaction score due to comparatively few consumer complaints brought to the Consumer Financial Protection Bureau (CFPB), a government financial agency that protects consumers in the financial sector.

Overall Mobile Rating 3.5/5
Consumer Satisfaction Rating 5.0/5
Online Banking Portal No
Live Chat No
Back to Overview

Financial Health

5.0
SmartAsset Average: 4.8

First State Bank and Trust Company is a small bank and handles assets totaling $360 million and $311 million in deposits. It has an excellent Texas Ratio of 1.04%, denoting that the bank is in outstanding financial shape and improbable to fail. Additionally, First State Bank and Trust Company is FDIC-insured, meaning that your money is insured up to $250,000, even in the event of bank failure.

Texas Ratio Analysis

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.

Back to Overview

Compare First State Bank and Trust Company to Other Competitive Offers

Products Offered

Product Current Terms and Rates Minimum Balance for APY
Savings Account 0.25% APY $100
Checking Account 0.15% APY $1500
Certificates of Deposit
  • 12 Month: 2.10% APY
  • 24 Month: 2.35% APY
  • 36 Month: 2.10% APY
  • 48 Month: 2.15% APY
  • 60 Month: 2.20% APY
$1000 for all terms
Money Market Account 1.5% APY $1

First State Bank and Trust Company has several deposit products including savings accounts, checking accounts, money market accounts and CDs to give you many options to manage your money. First State Bank and Trust Company does not have the best savings rate, which means you should think about taking a look 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 State Bank and Trust Company's CD rates are fair compared to other U.S. banks.

Back to Overview

Find a First State Bank and Trust Company Near Me

First State Bank and Trust Company has five locations across the U.S.

Back to Overview
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