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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 first started operating in 1952 and is headquartered in Birmingham, Alabama. First US Bank has assets of $625 million as well as $517 million in deposits, ranking it as a medium-size bank. First US Bank lacks premium access to customer service, with no options for live chat or all-day service. It is a traditional brick-and-mortar bank with in-person service, in addition to its online and mobile offerings. Overall, First US Bank is a solid pick to be your bank, with a rating of 4.3 out of 5 stars from the SmartAsset team. First US Bank provides customers with a varied choice of product offerings, which include savings accounts, checking accounts, money market accounts, CDs, IRAs, mortgage products and credit cards. First US Bank has a fair savings rate; you can find higher rates with other banks. If you're interested in stress-free personal checking, First US Bank's most basic checking does not have a monthly fee. Using an institution with no-fee checking and a high interest rate savings account is the best bet for gaining the highest income from your deposits while having easy 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

First US Bank features a savings rate of 0.25%, which is fair in comparison to other U.S. banks. 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 an APY of 0.25%. Given its poor savings rate, you should think about other options to earn more on your deposits.

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 has typically extremely low fees compared to the national average. First US Bank's checking account has no monthly fee, making it excellent for anyone looking for a hassle-free account. First US Bank unfortunately does not refund out-of-network ATM fees, which means you will have to locate a First US Bank ATM or pay 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

SmartAsset Average: 3.7

First US Bank is a brick-and-mortar bank, with 16 total bank locations in Alabama. With mobile and web apps, First US Bank makes mobile banking convenient, even on the go. First US Bank gets reasonably high marks from customers for its online presence. Out of 18 customer reviews on Apple and Android platforms, the First US Bank mobile app has an overall rating of 4.1 out of 5 (compared to the national average of 3.8). You can access First US Bank's mobile app to control your accounts by looking at current statements, transferring funds as well as accessing support representatives. First US Bank receives a superb consumer satisfaction rating due to comparatively few consumer complaints brought to the Consumer Financial Protection Bureau (CFPB), a government financial agency that protects consumers in the financial sector.

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 a medium-size bank owning assets totaling $625 million and deposits totaling $517 million. It has a strong Texas Ratio of 7.48%, suggesting that First US Bank is in good financial shape and far from 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 offers several deposit products like 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 consider 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 US Bank's CD rates are fair compared to 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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