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First State Bank of St. Charles Review

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First State Bank of St. Charles Savings
0.20% APY
1. Overview 2. How We Rated It 3. Products Offered 4. Branch Locations

Overview

Started in 1867, First State Bank of St. Charles has $374 million in assets and deposits totaling $280 million, which makes the institution a small bank. First State Bank of St. Charles, whose headquarters are in St. Charles, Missouri, lacks premium access to customer service, with no live chat or all-day service options available. It is a traditional brick-and-mortar bank with in-person service, in addition to its online and mobile apps. We gave First State Bank of St. Charles a 3.9 stars out of 5, which means it is a good bank that you should consider. First State Bank of St. Charles has a varied choice of product offerings, including savings accounts, checking accounts, money market accounts, CDs, IRAs, brokerage accounts, mortgage products and credit cards. First State Bank of St. Charles has a fair savings rate; you can find higher rates with other banks. If you're looking for a checking account for everyday use, the bank's standard checking does not have a monthly fee. Institutions that offer no-fee checking as well as a high savings APY are the best option for getting the highest income on your deposits while having 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 0.20%, First State Bank of St. Charles ranks poorly in comparison to other U.S. banks. Its one-year CD has a rate of 0.70% and the five-year CD earns at a rate of 2.20%, while its highest-yielding money market account earns at an APY of 0.40%. Given First State Bank of St. Charles's noncompetitive savings rate, you should consider opting for higher earning savings accounts with other banks.

How First State Bank of St. Charles's Savings Rates Compare

First State Bank of St. Charles Savings 0.20 National Average 0.26 Compare Offers
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Fees

5.0
SmartAsset Average: 4.4

First State Bank of St. Charles generally has extremely low fees compared to the national average. Its checking account has no monthly fee, which makes it excellent for anyone looking for a simple account. For those who often frequent the ATM, it is ideal because it has no out-of-network ATM fees. First State Bank of St. Charles does not reimburse out-of-network ATM fees, which means you'll be required to locate a First State Bank of St. Charles ATM or accept the ATM charge.

Monthly Fee $0 National Average: $3.21
Non-network ATM Fee $0 National Average: $1.20
Overdraft Fee N/A National Average: $35.00
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Service Quality

2.5
SmartAsset Average: 3.7

First State Bank of St. Charles is a brick-and-mortar bank, with six total branches in Missouri. With mobile and web apps, First State Bank of St. Charles makes mobile banking easy, even on the go. You can use First State Bank of St. Charles's app to control your accounts by monitoring monthly statements, transferring funds and accessing support representatives. First State Bank of St. Charles gets an exceptional consumer satisfaction score due to comparatively few consumer complaints brought to the Consumer Financial Protection Bureau (CFPB), a government agency that protects consumers in the financial sector.

Overall Mobile Rating NR
Consumer Satisfaction Rating 5.0/5
Online Banking Portal No
Live Chat No
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Financial Health

5.0
SmartAsset Average: 4.8

First State Bank of St. Charles is a small bank and has assets totaling $374 million and $280 million in deposits. Its Texas Ratio is 2.00%, suggesting a low likelihood of failure. Additionally, First State Bank of St. Charles 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.

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Compare First State Bank of St. Charles to Other Competitive Offers

Products Offered

Product Current Terms and Rates Minimum Balance for APY
Savings Account 0.2% APY $100
Checking Account 0.1% APY $1000
Certificates of Deposit
  • 12 Month: 0.70% APY
  • 24 Month: 0.95% APY
  • 36 Month: 1.70% APY
  • 48 Month: 1.90% APY
  • 60 Month: 2.20% APY
$1000 for all terms
Money Market Accounts 0.4% APY 0.4% APY $10000 $15000

First State Bank of St. Charles has several deposit products including savings accounts, checking accounts, money market accounts and CDs that provide you with many options to manage your money. First State Bank of St. Charles does not have the best savings rate, which means you should consider 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 of St. Charles's CD rates are fair in comparison to the average U.S. bank.

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Find a First State Bank of St. Charles Near Me

First State Bank of St. Charles has six branches in the U.S.

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