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First State Bank Nebraska Review

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First State Bank Nebraska Savings
0.15% APY
1. Overview 2. How We Rated It 3. Products Offered 4. Branch Locations

Overview

Started in 1912, First State Bank Nebraska has $478 million in assets as well as $364 million in deposits, which makes the institution 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 traditional brick-and-mortar bank with access to service representatives at a physical location, in addition to its online and mobile apps. With a score of 3.9 stars out of 5, First State Bank Nebraska should be near the middle of the pack in your search for a bank. First State Bank Nebraska has a full array of product offerings, which include savings accounts, checking accounts, money market accounts, CDs, IRAs, mortgage products and credit cards. It has a fair savings rate; you can find higher rates with other banks. Using an institution with no-fee checking as well as a high interest rate savings account is your best option for accruing the most income from your deposits while maintaining convenient access to your funds.

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

First State Bank Nebraska has a savings rate of 0.15%, which is poor compared to the average U.S. bank. Its CDs feature a rate of 1.40% and 2.80% for the one-year and five-year term lengths, respectively, while its highest-yielding money market account has an APY of 0.20%. Given its noncompetitive savings rate, you should think about taking a look at other banks for savings accounts.

How First State Bank Nebraska's Savings Rates Compare

First State Bank Nebraska Savings 0.15 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. It also offers access to mobile and web apps for a simple mobile-banking experience. First State Bank Nebraska gets moderate feedback from users for its online presence. The First State Bank Nebraska mobile app rates a 3.6 out of 5 (out of 19 ratings on Apple and Android) compared to the national average of 3.8. You can use First State Bank Nebraska's mobile app to manage your finances by checking account balances, sending and receiving money and reaching support representatives. First State Bank Nebraska gets a superb consumer satisfaction rating based on comparatively few consumer complaints filed with the Consumer Financial Protection Bureau (CFPB), a government-backed consumer protection agency.

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 ranks as a medium-size bank with $478 million in assets as well as $364 million in deposits. It has an excellent Texas Ratio of 3.69%, suggesting that First State Bank Nebraska is in superb financial health and unlikely to fail. 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 0.15% APY $1
Checking Account 0.15% APY $2000
Certificates of Deposit
  • 12 Month: 1.40% APY
  • 24 Month: 1.60% APY
  • 36 Month: 2.50% APY
  • 48 Month: 2.70% APY
  • 60 Month: 2.80% APY
$5000 for all terms
Money Market Accounts 0.2% APY 0.2% APY $10000 $15000

First State Bank Nebraska has several deposit products like savings accounts, checking accounts, money market accounts and CDs that provide you with many options to manage your money. First State Bank Nebraska does not have the best savings rate, which means you should think about other options 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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