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The Falls City National Bank Review

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The Falls City National Bank Savings
0.15% APY
1. Overview 2. How We Rated It 3. Products Offered 4. Branch Locations

Overview

Established in 1907, The Falls City National Bank has $368 million in assets as well as deposits totaling $332 million, ranking it as a small bank. The Falls City National Bank, whose headquarters are in Falls City, Texas, lacks premium access to customer service, with no live chat or all-day service options available. It is a traditional brick-and-mortar bank with access to service representatives at a physical location, in addition to its online and mobile offerings. SmartAsset has rated The Falls City National Bank 3.5 out of 5 stars, suggesting it is an average bank that leaves room for improvement. The Falls City National Bank offers a full array of product offerings, which include savings accounts, checking accounts, money market accounts, CDs and IRAs. It has a fair savings rate; you can find higher rates with other banks. The bank's standard checking account carries a $7.00 monthly fee, which places it at the higher end of monthly fees. Finding a bank with free checking, in addition to a high interest rate savings account is your best bet for accruing the highest income from your deposits while having convenient access to your money.

How We Rated It

SmartAsset's Overall Rating

3.5/5
National Average: 4.1

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

Rates

3.0
SmartAsset Average: 3.5

The Falls City National Bank has a savings rate of 0.15%, which is fair as compared against the national average. Its one-year CD has a rate of 0.30%, while its highest-yielding money market account has a rate of 0.15%. Given The Falls City National Bank's below average savings rate, you should consider other options to earn more on your deposits.

How The Falls City National Bank's Savings Rates Compare

The Falls City National Bank Savings 0.15 National Average 0.26 Compare Offers
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Fees

3.9
SmartAsset Average: 4.4

The Falls City National Bank charges customers above-average fees in comparison to the national average. Its checking account has a monthly fee of $7.00, which makes it fair for anyone looking for a hassle-free account. For those who will need cash in a pinch, it is solid because it charges an out-of-network ATM fee of $1.00, which is solid as compared against the national average. Additionally, at $20.00, its overdraft fee is noticeably lower than the national average. The Falls City National Bank unfortunately does not refund out-of-network ATM fees, which means you'll need to locate a The Falls City National Bank ATM or pay the ATM charge.

Monthly Fee $7.00 National Average: $3.21
Non-network ATM Fee $1.00 National Average: $1.20
Overdraft Fee $20.00 National Average: $35.00
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Service Quality

2.5
SmartAsset Average: 3.7

The Falls City National Bank is a brick-and-mortar bank, with three total bank locations in Texas. It also offers access to a web app, for a straightforward online-banking experience. The Falls City National Bank receives a superb consumer satisfaction score based on comparatively few consumer complaints brought to the Consumer Financial Protection Bureau (CFPB), a government-sponsored consumer protection agency.

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

4.4
SmartAsset Average: 4.8

The Falls City National Bank is currently a small bank owning $368 million in assets as well as $332 million in deposits. The Falls City National Bank's Texas Ratio is 12.43%, denoting a tiny likelihood of failure. Additionally, The Falls City National Bank is FDIC-insured, meaning that your money is insured up to $250,000, even in the event of bank failure.

Texas Ratio Analysis

12.43%
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.

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Compare The Falls City National Bank to Other Competitive Offers

Products Offered

Product Current Terms and Rates Minimum Balance for APY
Savings Account 0.15% APY $300
Checking Account 0.1% APY $1500
Certificates of Deposit
  • 12 Month: 0.30% APY
  • 24 Month: 0.40% APY
  • 36 Month: 0.50% APY
$1500 for all terms
Money Market Accounts 0.15% APY 0.15% APY $10000 $15000

The Falls City National 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. The Falls City National 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. The Falls City National Bank's CD rates are fair in comparison to the average U.S. bank.

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Find a The Falls City National Bank Near Me

The Falls City National Bank has three physical locations in the U.S.

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