Established in 1875, FNB Bank has assets totaling $488 million and $388 million in deposits, which makes it a medium-size bank. FNB Bank, whose headquarters are in Mayfield, Kentucky, 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 apps. Overall, FNB Bank is a solid contender in your bank search, with a rating of 4.4 out of 5 stars from the SmartAsset team. FNB Bank has a full array of banking products, which include 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, FNB Bank offers an option without a monthly fee. Banks that offer free checking as well as a high savings APY are your best bet for returning the most income from your deposits alongside convenient access to your money.
The overall rating is a weighted average of rates, fees, service quality and financial health.Read more
With a savings rate of 0.25%, FNB Bank ranks poorly in comparison to the national average. Its one-year and five-year term lengths CDs earn at a rate of 0.50% and 1.30%, respectively. Given its below average savings rate, you should consider choosing another bank to earn more on your deposits.
How FNB Bank's Savings Rates Compare
FNB Bank typically has extremely low fees in comparison to other U.S. banks. With no monthly fee, FNB Bank's checking account is perfect for people who want an easy banking experience. FNB Bank reimburses their out-of-network ATM fees, which means convenient access to cash at any time.
FNB Bank is a brick-and-mortar bank, with eight total bank locations in Kentucky. It also offers access to mobile and web apps for simple access and banking on the go. It does not offer all-day customer service with actual service representatives. You can get help during its customer service hours, which are Monday through Friday, 8:00 a.m. to 6:00 p.m. CT; Saturday, and 9:00 a.m. to 12:00 p.m. CT. FNB Bank gets high marks from customers for its mobile app. Out of 490 ratings on Apple and Android platforms, the FNB Bank mobile app has an overall rating of 4.5 out of 5 (compared to the national average of 3.8). FNB Bank's mobile app allows you to control your funds by checking current statements, transferring money and reaching support representatives. FNB Bank gets an excellent consumer satisfaction rating based on comparatively few consumer complaints reported to the Consumer Financial Protection Bureau (CFPB), a government financial agency that protects consumers in the financial sector.
FNB Bank is a medium-size bank owning $488 million in assets and $388 million in deposits. FNB Bank's Texas Ratio is 1.16%, indicating a minute possibility of failure. Additionally, FNB 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.Back to Overview
Compare FNB Bank to Other Competitive Offers
|Product||Current Terms and Rates||Minimum Balance for APY|
|Savings Account||0.25% APY||$1|
|Certificates of Deposit|| ||$1000 for all terms|
FNB 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. FNB Bank 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. FNB Bank's CD rates are fair as compared against the national average.Back to Overview
Find a FNB Bank Near Me
FNB Bank has eight physical branches in the U.S.Back to Overview