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Five Points Bank Review

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Five Points Bank Savings
0.10% APY
1. Overview 2. How We Rated It 3. Products Offered 4. Branch Locations


Established in 1971, Five Points Bank has $997 million in assets along with deposits totaling $861 million, which makes the institution a medium-size bank. Five Points Bank, whose headquarters are in Grand Island, Nebraska, lacks premium access to customer service, 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. With a commendable 4.3 out of 5 stars, Five Points Bank proves it is a solid pick to be your bank. Five Points Bank provides customers with a diverse array of product offerings, including savings accounts, checking accounts, money market accounts, CDs, IRAs, mortgage products and credit cards. It has a fair savings rate compared to the average savings account. If you're looking for a checking account for everyday use, Five Points Bank's standard checking does not carry a monthly fee. Banks that offer free checking as well as a high savings APY are the best option for getting the highest income on your deposits while maintaining 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

Five Points Bank features a savings rate of 0.10%, which is fair compared to other U.S. banks. Its one-year CD earns at a rate of 1.16%, while its highest-yielding money market account earns at a rate of 0.35%. Given Five Points Bank's noncompetitive savings rate, you should think about choosing another bank to earn more on your deposits.

How Five Points Bank's Savings Rates Compare

Five Points Bank Savings 0.10 National Average 0.26 Compare Offers
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SmartAsset Average: 4.4

On average, Five Points Bank charges its customers low fees compared to the national average. With no monthly fee, Five Points Bank's checking account is perfect for people who want a hassle-free checking account. For those who will need cash in a pinch, it is fair because it has an out-of-network ATM fee of $1.50, which is reasonable in comparison to the average U.S. bank. Five Points Bank unfortunately doesn't reimburse out-of-network ATM fees, which means you'll need to search for a Five Points Bank ATM or eat the fee.

Monthly Fee $0 National Average: $3.21
Non-network ATM Fee $1.50 National Average: $1.20
Overdraft Fee N/A National Average: $35.00
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Service Quality

SmartAsset Average: 3.7

Five Points Bank is a brick-and-mortar bank, with 11 total branches in Nebraska. With mobile and web apps, Five Points Bank makes mobile banking straightforward, even on the go. Five Points Bank gets reasonably high praise from customers for its mobile banking services. With 35 ratings across Apple and Android platforms, the Five Points Bank mobile app is scored at 4.2 out of 5 (compared to the national average of 3.8). Five Points Bank's mobile app lets you control your bank accounts by checking account balances, sending and receiving money and accessing customer service. Five Points Bank gets an outstanding consumer satisfaction score due to relatively few complaints brought to the Consumer Financial Protection Bureau (CFPB), a government financial agency that protects consumers in the financial sector.

Overall Mobile Rating 4.2/5
Consumer Satisfaction Rating 5.0/5
Online Banking Portal No
Live Chat No
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Financial Health

SmartAsset Average: 4.8

Five Points Bank is a medium-size bank owning assets totaling $997 million and $861 million in deposits. It has an excellent Texas Ratio of 0.27%, suggesting a minute likelihood of failure. Additionally, Five Points Bank 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 Five Points Bank to Other Competitive Offers

Products Offered

Product Current Terms and Rates Minimum Balance for APY
Savings Account 0.1% APY $50
Checking Account 0.1% APY $1000
Certificates of Deposit
  • 12 Month: 1.16% APY
  • 24 Month: 1.36% APY
  • 36 Month: 1.86% APY
  • 48 Month: 1.96% APY
$500 for all terms
Money Market Account 0.3% APY $10000

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

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Find a Five Points Bank Near Me

Five Points Bank has 11 physical branches in the U.S.

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