FNB Bank first started operating in 1907 and its headquarters are located in Scottsboro, Alabama. It manages assets of $518 million along with deposits totaling $456 million, classifying it as a medium-size bank. FNB Bank lacks premium access to support representatives, with no live chat or all-day service options available. It is a traditional brick-and-mortar bank with in-person service, in addition to its online and mobile offerings. With an average 3.9 out of 5 stars, FNB Bank proves it is a respectable bank that deserves your consideration. FNB Bank has a complete selection of product offerings, which include savings accounts, checking accounts, money market accounts, CDs, IRAs, mortgage products and credit cards. FNB Bank has a fair savings rate; you can find higher rates with other banks. Institutions that offer free checking, in addition to a high interest rate savings account are the best option for returning the most income from your deposits alongside easy 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 0.30%, FNB Bank ranks poorly as compared against the national average. FNB Bank's one-year and five-year term lengths CDs earn at a rate of 0.45% and 1.41%, respectively, while its highest-yielding money market account earns at a rate of 0.15%. Given its below average savings rate, you should think about looking at the competition to open savings accounts.
How FNB Bank's Savings Rates Compare
There is insufficient data on FNB Bank's fees to provide a full SmartAsset rating.
FNB Bank is a brick-and-mortar bank, with 13 total bank locations in Alabama and Tennessee. It also offers access to mobile and web apps for an easy mobile-banking experience. FNB Bank receives reasonably good feedback from customers for its mobile app. The FNB Bank mobile app is rated at 4.2 out of 5 (with 110 reviews on Apple and Android) compared to the national average of 3.8. You can access FNB Bank's app to control your bank accounts by reviewing account balances, sending and receiving money as well as accessing support representatives. FNB Bank gets an exceptional consumer satisfaction rating due to comparatively few complaints registered with the Consumer Financial Protection Bureau (CFPB), a government-backed consumer protection agency.
FNB Bank is a medium-size bank with $518 million in assets and $456 million in deposits. FNB Bank has a strong Texas Ratio of 11.31%, indicating a small 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||0.3% APY||$2500|
|Checking Account||0.08% APY||$2500|
|Certificates of Deposit|| ||$1000 for all terms|
|Money Market Accounts||0.15% APY 0.15% APY||$10000 $15000|
FNB Bank offers several deposit products including 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 consider 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 compared to the national average.Back to Overview
Find a FNB Bank Near Me
FNB Bank has 13 physical branches across the U.S.Back to Overview