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First US Bank Review

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First US Bank Savings
0.25% APY
1. Overview 2. How We Rated It 3. Products Offered 4. Branch Locations


First US Bank started in 1952 and is headquartered in Birmingham, Alabama. First US Bank handles assets of $625 million along with deposits totaling $517 million, classifying it as a medium-size bank. First US Bank 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 access to service representatives at a physical location, in addition to its online and mobile apps. SmartAsset experts rated the bank 4.3 stars out of 5, suggesting First US Bank is a great choice and should warrant serious consideration. First US Bank provides customers with a complete suite of product offerings, including 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. If you're looking for a checking account for everyday use, First US Bank's standard checking does not carry a monthly charge. Institutions that offer free checking and a high interest rate savings account are the best bet for accruing the most income on your deposits alongside convenient access to your money.

How We Rated It

SmartAsset's Overall Rating

National Average: 4.1

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


SmartAsset Average: 3.5

With a savings rate of 0.25%, First US Bank ranks poorly compared to the national average. First US Bank's one-year CD earns at a rate of 1.26% and the five-year CD has a rate of 2.22%, while its highest-yielding money market account earns at a rate of 0.25%. Given First US Bank's below average savings rate, you should think about opting for higher earning savings accounts with other banks.

How First US Bank's Savings Rates Compare

First US Bank Savings 0.25 National Average 0.26 Compare Offers
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SmartAsset Average: 4.4

First US Bank charges its customers extremely low fees in comparison to the national average. With no monthly fee, First US Bank's checking account is ideal for those who want a hassle-free checking account. First US Bank unfortunately doesn't refund out-of-network ATM charges, meaning you'll have to search for a First US Bank ATM or eat the ATM charge.

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

SmartAsset Average: 3.7

First US Bank is a brick-and-mortar bank, with 16 total branches in Alabama. With mobile and web apps, First US Bank makes account access straightforward, even on the go. First US Bank receives reasonably high praise from customers for its mobile banking services. The First US Bank mobile app is rated at 4.1 out of 5 (out of 18 ratings on Apple and Android) compared to the national average of 3.8. You can utilize First US Bank's app to control your funds by monitoring monthly statements, transferring money and reaching customer service. First US Bank receives a superb consumer satisfaction score based on comparatively few complaints reported to the Consumer Financial Protection Bureau (CFPB), a government-backed consumer protection agency.

Overall Mobile Rating 4.1/5
Consumer Satisfaction Rating 5.0/5
Online Banking Portal No
Live Chat No
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Financial Health

SmartAsset Average: 4.8

First US Bank is currently a medium-size bank with $625 million in assets as well as $517 million in deposits. First US Bank has a strong Texas Ratio of 7.48%, denoting a tiny chance of failure. Additionally, First US Bank is FDIC-insured, meaning that your money is insured up to $250,000, even in the event of bank failure.

Texas Ratio Analysis

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 US Bank to Other Competitive Offers

Products Offered

Product Current Terms and Rates Minimum Balance for APY
Savings Account 0.25% APY $1
Checking Account 0.1% APY $500
Certificates of Deposit
  • 12 Month: 1.26% APY
  • 24 Month: 1.61% APY
  • 36 Month: 1.81% APY
  • 48 Month: 1.91% APY
  • 60 Month: 2.22% APY
$500 for all terms
Money Market Account 0.25% APY $25000

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

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Find a First US Bank Near Me

First US Bank has 16 branches in the U.S.

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