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First State Bank of Uvalde Review

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First State Bank of Uvalde Savings
0.40% APY
1. Overview 2. How We Rated It 3. Products Offered 4. Branch Locations

Overview

Established in 1907, First State Bank of Uvalde has assets totaling $2 billion as well as $1 billion in deposits, which makes it a large bank. First State Bank of Uvalde, whose headquarters are in Uvalde, Texas, lacks premium access to support representatives, 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 offerings. SmartAsset experts rated First State Bank of Uvalde 4.5 stars out of 5, indicating that it is among the top banks, and should be given serious consideration. First State Bank of Uvalde has a mixture of product offerings, including savings accounts, checking accounts, CDs, IRAs and mortgage products. First State Bank of Uvalde has a fair savings rate; you can find higher rates with other banks. If you're interested in stress-free personal checking, First State Bank of Uvalde's standard checking account does not carry a monthly fee. Banks that offer free checking as well as a high interest rate savings account are the best bet for accruing the highest income on 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

3.8
SmartAsset Average: 3.5

First State Bank of Uvalde features a savings rate of 0.40%, which is poor as compared against the national average. Its one-year and five-year term lengths CDs earn at a rate of 1.16% and 1.82%, respectively, while its highest-yielding money market account earns at an APY of 0.60%. Given First State Bank of Uvalde's poor savings rate, you should think about opting for higher earning savings accounts with other banks.

How First State Bank of Uvalde's Savings Rates Compare

First State Bank of Uvalde Savings 0.40 National Average 0.26 Compare Offers
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Fees

5.0
SmartAsset Average: 4.4

On average, First State Bank of Uvalde charges its customers extremely low fees compared to the average U.S. bank. Its checking account has no monthly fee, making it excellent for anyone looking for a simple account. First State Bank of Uvalde doesn't reimburse out-of-network ATM fees, which means you'll be required to find a First State Bank of Uvalde ATM or accept the cost of withdrawal.

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
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Service Quality

4.2
SmartAsset Average: 3.7

First State Bank of Uvalde is a brick-and-mortar bank, with eight total bank locations in Texas. With mobile and web apps, First State Bank of Uvalde makes mobile banking easy, even on the go. First State Bank of Uvalde gets reasonably high marks from customers for its online presence. The First State Bank of Uvalde mobile app rates a 4.4 out of 5 (out of 38 reviews on iOS and Android) compared to the national average of 3.8. You can access First State Bank of Uvalde's mobile app to manage your funds by reviewing account balances, transferring money and reaching support representatives. First State Bank of Uvalde gets a superb consumer satisfaction score based on comparatively few consumer complaints filed with the Consumer Financial Protection Bureau (CFPB), a government financial agency that protects consumers in the financial sector.

Overall Mobile Rating 4.4/5
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 Uvalde is currently a large bank with $2 billion in assets as well as deposits totaling $1 billion. Its Texas Ratio is 0.37%, indicating that the bank is in terrific financial condition and unlikely to fail. Additionally, First State Bank of Uvalde 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 Uvalde to Other Competitive Offers

Products Offered

Product Current Terms and Rates Minimum Balance for APY
Savings Account 0.4% APY $100
Checking Account 0.4% APY $1000
Certificates of Deposit
  • 12 Month: 1.16% APY
  • 24 Month: 1.41% APY
  • 36 Month: 1.66% APY
  • 48 Month: 1.77% APY
  • 60 Month: 1.82% APY
$1000 for all terms
Money Market Accounts 0.6% APY 0.6% APY $10000 $15000

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

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Find a First State Bank of Uvalde Near Me

First State Bank of Uvalde has eight locations in the U.S.

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