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First State Community Bank Review

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We maintain strict editorial integrity in our writing and assessments. This post contains links from our advertisers, and we may receive compensation when you click these links. Any opinions, analyses, reviews or recommendations expressed in this article are those of the author’s alone. | Advertiser Disclosure
We maintain strict editorial integrity in our writing and assessments. This post contains links from our advertisers, and we may receive compensation when you click these links. Any opinions, analyses, reviews or recommendations expressed in this article are those of the author’s alone. | Advertiser Disclosure
First State Community Bank Savings
0.02% APY

Overview

Our Rating: 4.3/5 How we calculated this rating

Started in 1954, First State Community Bank has $2 billion in assets as well as deposits totaling $2 billion, making it a large bank. First State Community Bank, whose headquarters are in Farmington, Missouri, lacks premium access to support representatives, with no live chat or all-day service options available. It is a conventional brick-and-mortar bank with in-person service, in addition to its online and mobile apps. SmartAsset has rated First State Community Bank 4.3 out of 5 stars, which means it is a great bank that you should seriously consider. 

First State Community Bank has a complete choice of banking products, including savings accounts, checking accounts, money market accounts, mortgage products and credit cards. It has a fair savings rate; other popular banks have higher rates. If you're interested in stress-free personal checking, the bank's standard checking account does not carry a monthly fee. Why keep checking and savings accounts with one bank? Fast transferring between both accounts translates to higher interest rates in your savings account with the ease of spending from your checking.

Service Quality

First State Community Bank is a brick-and-mortar bank, with 52 total branches in Missouri. It also offers access to mobile and web apps for easy access and banking on the go. It does not have all-day customer service with representatives. You can get help during its customer service hours, which are Monday through Sunday, 8:00 a.m. to 10:00 p.m. CT. 

First State Community Bank gets moderate reviews from users for its mobile banking services: the First State Community Bank mobile app is rated at 3.5 out of 5 (out of 210 ratings on iOS and Android) compared to the national average of 3.8. You can access First State Community Bank's mobile app to control your finances by looking at account balances, sending and receiving money as well as accessing support representatives. First State Community Bank receives a superb consumer satisfaction score based on relatively few consumer complaints brought to the Consumer Financial Protection Bureau (CFPB), a government-sponsored consumer protection agency. 

Products Offered

Product Current Terms and Rates Minimum Balance for APY  
Savings Accounts 0.20% APY $100 Compare Offers
Certificates of Deposit  
  • 12 Month: 1.51% APY
  • 24 Month: 1.76% APY
  • 36 Month: 2.02% APY
  • 48 Month: 2.02% APY
  • 60 Month: 2.04% APY
$1000 for all tiers Compare Offers
Money Market Accounts  
  • 10K tier: 0.35% APY
  • 25K tier: 0.50% APY
  • $10,000
  • $25,000
Compare Offers
Checking Accounts 0.15% APY $1,500 Compare Offers

First State Community Bank has several deposit products like savings accounts, checking accounts and money market accounts, giving you many options to manage your money. First State Community Bank does not have the best savings rate, which means you should consider looking elsewhere for banks that offer 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 Community Bank's CD rates are competitive compared to the average U.S. bank.

Rates

First State Community Bank features a savings rate of 0.02%, which is fair in comparison to other U.S. banks. First State Community Bank's one-year CD has a rate of 1.51% and the five-year CD earns at a rate of 2.04%, while its highest-yielding money market account has a rate of 0.08%. Given its noncompetitive savings rate, you should contemplate other options to earn more on your deposits.

Compare First State Community Bank to Other Competitive Offers

Fees

First State Community Bank charges its customers extremely low fees in comparison to other U.S. banks. Its checking account has no monthly fee, rating it excellent for anyone looking for a hassle-free account. For those who will need cash in a pinch, it is ideal because it has no ATM fees. 

Financial Health

First State Community Bank is a large bank and manages $2 billion in assets and deposits totaling $2 billion. Its Texas Ratio is 2.90%, signifying that the bank is in excellent financial condition and very far from failure. Additionally, First State Community Bank is FDIC-insured, meaning that your money is insured (up to $250,000) even in the event of bank failure.

Find a First State Community Bank Near Me

First State Community Bank has 52 branches in the U.S.

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