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FirstBank Review

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FirstBank Savings
0.26% APY
1. Overview 2. How We Rated It 3. Products Offered 4. Branch Locations


FirstBank was founded in 1963 with its headquarters in Lakewood, Colorado. FirstBank has assets of $18 billion and $16 billion in deposits, ranking it as a very large bank. FirstBank has above-average access to customer service with all-day support available, which is helpful for those that work during typical customer service hours. It is a conventional brick-and-mortar bank with in-person service, in addition to its online and mobile offerings. With a score of 4.6 out of 5 stars, FirstBank should be near the top of your list for your bank search. FirstBank offers an array banking products, which include savings accounts, checking accounts, money market accounts, IRAs and mortgage products. FirstBank has a fair savings rate compared to the average savings account. If you're interested in stress-free personal checking, the bank's standard checking does not have a monthly fee. Locating a checking account with no monthly fee as well as a savings account with a high interest rate at the same bank is your best bet for accruing the most income from your deposits while having convenient access to your funds.

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

FirstBank features a savings rate of 0.26%, which is poor as compared against the national average. Its one-year and five-year term lengths CDs earn at a rate of 1.41% and 2.17%, respectively, while its highest-yielding money market account earns at an APY of 0.30%. Given its noncompetitive savings rate, you should think about choosing another bank to earn more on your deposits.

How FirstBank's Savings Rates Compare

FirstBank Savings 0.26 National Average 0.26 Compare Offers
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SmartAsset Average: 4.4

FirstBank has typically extremely low fees compared to the average U.S. bank. With no monthly fee, FirstBank's checking account is ideal for people who want an easy checking account. FirstBank does not refund out-of-network ATM charges, meaning you'll need to find a FirstBank ATM or accept 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

FirstBank is a brick-and-mortar bank, with 119 total bank locations in Arizona, California and Colorado. It also offers access to mobile and web apps for an easy mobile-banking experience. It provides all-day customer service. FirstBank receives high praise from customers for its online presence. The FirstBank mobile app rates a 4.6 out of 5 (out of 35,000 customer reviews on iOS and Android) compared to the national average of 3.8. FirstBank's mobile app lets you manage your finances by reviewing current statements, sending and receiving funds and accessing support representatives. FirstBank receives a superb consumer satisfaction rating based on relatively few consumer complaints filed with the Consumer Financial Protection Bureau (CFPB), a government-sponsored consumer protection agency.

Overall Mobile Rating 4.6/5
Consumer Satisfaction Rating 5.0/5
Online Banking Portal No
Live Chat No
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Financial Health

SmartAsset Average: 4.8

FirstBank ranks as a very large bank owning $18 billion in assets and deposits totaling $16 billion. FirstBank's Texas Ratio is 0.91%, suggesting that the bank is in superb financial condition and far from failure. Additionally, FirstBank 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 FirstBank to Other Competitive Offers

Products Offered

Product Current Terms and Rates Minimum Balance for APY
Savings Account 0.26% APY $1
Checking Account 0.21% APY $500
Certificates of Deposit
  • 12 Month: 1.41% APY
  • 24 Month: 1.66% APY
  • 60 Month: 2.17% APY
$10000 for all terms
Money Market Account 0.28% APY $1000

FirstBank has several deposit products including savings accounts, checking accounts and money market accounts that provide you with many options to manage your money. FirstBank does not have the best savings rate, which means you should think about looking 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. FirstBank's CD rates are fair compared to the national average.

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Find a FirstBank Near Me

FirstBank has 119 branches across the U.S.

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