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First State Bank Nebraska Review

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First State Bank Nebraska Savings
0.10% APY
1. Overview 2. How We Rated It 3. Products Offered 4. Branch Locations

Overview

Established in 1912, First State Bank Nebraska has $478 million in assets and $364 million in deposits, which makes it a medium-size bank. First State Bank Nebraska, whose headquarters are in Lincoln, Nebraska, lacks premium access to support representatives, 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 offerings. Overall, First State Bank Nebraska is a respectable bank that deserves your consideration, with a rating of 3.9 out of 5 stars from our experts. First State Bank Nebraska offers a diverse array of banking products, which include savings accounts, checking accounts, money market accounts, CDs, IRAs, mortgage products and credit cards. It has a fair savings rate compared to the average savings account. Locating an institution with no-fee checking, in addition to a high savings APY is the best option for returning the highest income on your deposits alongside convenient access to your money.

How We Rated It

SmartAsset's Overall Rating

3.9/5
National Average: 4.1

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

Rates

3.0
SmartAsset Average: 3.5

With a savings rate of 0.10%, First State Bank Nebraska ranks poorly in comparison to the national average. First State Bank Nebraska's one-year and five-year term lengths CDs earn at a rate of 0.50% and 2.75%, respectively, while its highest-yielding money market account has a rate of 0.15%. Given its below average savings rate, you should consider opting for higher earning savings accounts with other banks.

How First State Bank Nebraska's Savings Rates Compare

First State Bank Nebraska Savings 0.10 National Average 0.26 Compare Offers
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Fees

NR
SmartAsset Average: 4.4

There is insufficient data on First State Bank Nebraska's fees to provide a full SmartAsset rating.

Monthly Fee N/A 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

3.7
SmartAsset Average: 3.7

First State Bank Nebraska is a brick-and-mortar bank, with 17 total branches in Nebraska. With mobile and web apps, First State Bank Nebraska makes account access convenient, even on the go. First State Bank Nebraska receives average reviews from users for its online presence. The First State Bank Nebraska mobile app has been given a 3.6 out of 5 (out of 19 reviews on iOS and Android) compared to the national average of 3.8. You can utilize First State Bank Nebraska's mobile app to control your funds by monitoring monthly statements, sending and receiving funds as well as reaching customer service. First State Bank Nebraska gets a superb consumer satisfaction score due to relatively few complaints filed with the Consumer Financial Protection Bureau (CFPB), a government agency that protects consumers in the financial sector.

Overall Mobile Rating 3.6/5
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 State Bank Nebraska is a medium-size bank owning assets totaling $478 million as well as $364 million in deposits. It has an excellent Texas Ratio of 3.69%, indicating that the bank is in superb financial health and far from failure. Additionally, First State Bank Nebraska is FDIC-insured, meaning that your money is insured up to $250,000, even in the event of bank failure.

Texas Ratio Analysis

3.69%
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 State Bank Nebraska to Other Competitive Offers

Products Offered

Product Current Terms and Rates Minimum Balance for APY
Savings Account 0.1% APY $1
Checking Account 0.05% APY $2000
Certificates of Deposit
  • 12 Month: 0.50% APY
  • 24 Month: 1.30% APY
  • 36 Month: 2.00% APY
  • 48 Month: 2.70% APY
  • 60 Month: 2.75% APY
$5000 for all terms
Money Market Account 0.15% APY $5000

First State Bank Nebraska 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 Nebraska does not have the best savings rate, which means you should think about 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 State Bank Nebraska's CD rates are fair as compared against the national average.

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Find a First State Bank Nebraska Near Me

First State Bank Nebraska has 17 physical branches in the U.S.

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