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Firstar Bank Review

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Firstar Bank Savings
0.15% APY
1. Overview 2. How We Rated It 3. Products Offered 4. Branch Locations

Overview

Firstar Bank first started operating in 1964 and its headquarters are located in Sallisaw, Oklahoma. It has $573 million in assets and deposits totaling $483 million, which makes it a medium-size bank. Firstar Bank lacks premium access to support representatives, with no options for live chat or all-day service. It is a conventional brick-and-mortar bank with in-person service, in addition to its online and mobile offerings. At a SmartAsset rating of 4.3 out of 5 stars, Firstar Bank should be solidly in contention for your choice of bank. Firstar Bank provides customers with a complete selection of banking products, which include savings accounts, checking accounts, money market accounts, CDs, IRAs, mortgage products and credit cards. Firstar Bank 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 have a monthly fee. Obtaining a checking account with no monthly fee as well as a savings account with a high interest rate at the same bank is the best option for gaining the most income from your deposits while having easy access to your funds.

How We Rated It

SmartAsset's Overall Rating

4.3/5
National Average: 4.1

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

Rates

3.6
SmartAsset Average: 3.5

With a savings rate of 0.15%, Firstar Bank ranks poorly compared to other U.S. banks. Its one-year CD has a rate of 1.51%, while its highest-yielding money market account has an APY of 1.00%. Given its poor savings rate, you should consider taking a look at other banks for savings accounts.

How Firstar Bank's Savings Rates Compare

Firstar Bank Savings 0.15 National Average 0.26 Compare Offers
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Fees

5.0
SmartAsset Average: 4.4

Firstar Bank charges its customers extremely low fees in comparison to the national average. Firstar Bank's checking account has no monthly fee, which makes it excellent for anyone looking for a hassle-free account. Firstar Bank unfortunately does not refund out-of-network ATM charges, which means you will be required to find a Firstar Bank ATM or eat the withdrawal fee.

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

3.8
SmartAsset Average: 3.7

Firstar Bank is a brick-and-mortar bank, with seven total bank locations in Arkansas and Oklahoma. With mobile and web apps, Firstar Bank makes account access straightforward, even on the go. It does not offer all-day customer service with representatives. You can get help during its hours, which are Monday through Friday and 8:30 a.m. to 5:00 p.m. CT. Firstar Bank's online and mobile banking platforms receive moderate marks from customers. The Firstar Bank mobile app rates a 3.7 out of 5 (out of 33 customer reviews on Apple and Android) compared to the national average of 3.8. You can utilize Firstar Bank's mobile app to control your funds by reviewing account balances, sending and receiving funds as well as reaching customer service. Firstar Bank 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 3.7/5
Consumer Satisfaction Rating 5.0/5
Online Banking Portal No
Live Chat No
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Financial Health

4.8
SmartAsset Average: 4.8

Firstar Bank is a medium-size bank and handles $573 million in assets and deposits totaling $483 million. Its Texas Ratio is 5.56%, suggesting that Firstar Bank is in fine financial health and far from failure. Additionally, Firstar Bank is FDIC-insured, meaning that your money is insured up to $250,000, even in the event of bank failure.

Texas Ratio Analysis

5.56%
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 Firstar Bank to Other Competitive Offers

Products Offered

Product Current Terms and Rates Minimum Balance for APY
Savings Account 0.15% APY $1000
Checking Account 0.15% APY $1000
Certificates of Deposit
  • 12 Month: 1.51% APY
  • 24 Month: 1.81% APY
  • 36 Month: 2.12% APY
  • 48 Month: 2.27% APY
$1000 for all terms
Money Market Accounts 1.0% APY 1.0% APY $10000 $15000

Firstar Bank has several deposit products like savings accounts, checking accounts, money market accounts and CDs that provide you with many options to manage your money. Firstar 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. Firstar Bank's CD rates are fair as compared against the national average.

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Find a Firstar Bank Near Me

Firstar Bank has seven physical locations in the U.S.

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