Loading
Tap on the profile icon to edit
your financial details.
Advertiser Disclosure

Fresno First Bank Review

Your Details Done
by Updated
Fresno First Bank Savings
0.15% APY
1. Overview 2. How We Rated It 3. Products Offered 4. Branch Locations

Overview

Started in 2005, Fresno First Bank has $407 million in assets and $371 million in deposits, ranking it as a small bank. Fresno First Bank, whose headquarters are in Fresno, California, 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 access to service representatives at a physical location, in addition to its online and mobile offerings. We gave the bank a 3.1 out of 5 stars, suggesting Fresno First Bank is a satisfactory bank that does not compare with some of the other banks. Fresno First Bank offers a varied choice 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 compared to the average savings account. The bank's standard checking account carries a $10.00 monthly fee, which ranks on the higher end of monthly fees. Using a bank with free checking as well as a high interest rate savings account is your best bet for returning the highest income from your deposits while having easy access to your money.

How We Rated It

SmartAsset's Overall Rating

3.1/5
National Average: 4.1

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

Rates

3.3
SmartAsset Average: 3.5

Fresno First Bank features a savings rate of 0.15%, which is fair compared to the national average. Fresno First Bank's one-year CD has a rate of 0.85% and the five-year CD has a rate of 2.02%, while its highest-yielding money market account has a rate of 0.16%. Given Fresno First Bank's poor savings rate, you should think about looking elsewhere to open savings accounts.

How Fresno First Bank's Savings Rates Compare

Fresno First Bank Savings 0.15 National Average 0.26 Compare Offers
Back to Overview

Fees

2.0
SmartAsset Average: 4.4

Fresno First Bank generally has high fees in comparison to other U.S. banks. Its checking account has a monthly fee of $10.00, making it fair for anyone looking for a hassle-free account. Fresno First Bank does not reimburse out-of-network ATM fees, which means you will be required to locate a Fresno First Bank ATM or eat the fee.

Monthly Fee $10.00 National Average: $3.21
Non-network ATM Fee N/A National Average: $1.20
Overdraft Fee N/A National Average: $35.00
Back to Overview

Service Quality

2.5
SmartAsset Average: 3.7

Fresno First Bank is a brick-and-mortar bank, with one total bank locations in California. With mobile and web apps, Fresno First Bank makes account access straightforward, even on the go. You can access Fresno First Bank's app to manage your finances by checking current statements, sending and receiving funds as well as reaching customer service. Fresno First Bank receives an outstanding consumer satisfaction rating due to relatively few consumer complaints brought to the Consumer Financial Protection Bureau (CFPB), a government-backed consumer protection agency.

Overall Mobile Rating NR
Consumer Satisfaction Rating 5.0/5
Online Banking Portal No
Live Chat No
Back to Overview

Financial Health

4.7
SmartAsset Average: 4.8

Fresno First Bank is a small bank and handles assets totaling $407 million as well as deposits totaling $371 million. Its Texas Ratio is 6.68%, indicating a small possibility of failure. Additionally, Fresno First Bank is FDIC-insured, meaning that your money is insured up to $250,000, even in the event of bank failure.

Texas Ratio Analysis

6.68%
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.

Back to Overview

Compare Fresno First Bank to Other Competitive Offers

Products Offered

Product Current Terms and Rates Minimum Balance for APY
Savings Account 0.15% APY $1
Checking Account 0.15% APY $1
Certificates of Deposit
  • 12 Month: 0.85% APY
  • 24 Month: 1.26% APY
  • 36 Month: 1.51% APY
  • 48 Month: 1.87% APY
  • 60 Month: 2.02% APY
$1000 for all terms
Money Market Account 0.16% APY $10000

Fresno First 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. Fresno First 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. Fresno First Bank's CD rates are fair in comparison to the average U.S. bank.

Back to Overview

Find a Fresno First Bank Near Me

Fresno First Bank has one physical branches across the U.S.

Back to Overview
Save more with these rates that beat the National Average
Unfortunately, we are currently unable to find savings account that fit your criteria. Please change your search criteria and try again.
Searching for accounts...
Ad Disclosure
Unfortunately, we are currently unable to find savings account that fit your criteria. Please change your search criteria and try again.
Searching for accounts...
Ad Disclosure