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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

The Falls City National Bank first started operating in 1907 with headquarters located in Falls City, Texas. It handles assets of $368 million along with $332 million in deposits, which makes it a small bank. The Falls City National Bank lacks premium access to support representatives, with no live chat or all-day service options available. It is a conventional brick-and-mortar bank with in-person service, in addition to its online and mobile apps. Coming in at an average 3.5 stars out of 5, The Falls City National Bank proves it is a bank with better alternatives. The Falls City National Bank provides customers with a complete selection 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 maintains a $7.00 monthly fee, which ranks on the higher end of monthly fees. Locating an institution with free checking and a high savings APY is the best bet for returning the highest income on your deposits while having convenient access to your funds.

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

With a savings rate of 0.15%, The Falls City National Bank ranks poorly as compared against the national average. The Falls City National Bank's one-year CD has a rate of 0.30%, while its highest-yielding money market account earns at an APY of 0.15%. Given The Falls City National Bank's poor savings rate, you should think about opting for higher earning savings accounts with other banks.

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 has typically above-average fees in comparison to other U.S. banks. At $7.00 per month, The Falls City National Bank is not great for those who want a basic checking account. For those who will need cash in a pinch, The Falls City National Bank is good because it has an out-of-network ATM fee of $1.00, which is solid compared to other U.S. banks. Additionally, The Falls City National Bank has an overdraft fee of $20.00, which is considerably less than the national average. The Falls City National Bank unfortunately doesn't reimburse out-of-network ATM fees, meaning you'll need to search for a The Falls City National Bank ATM or pay the withdrawal fee.

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 simple online-banking experience. The Falls City National Bank receives an outstanding consumer satisfaction score due to relatively few complaints reported to the Consumer Financial Protection Bureau (CFPB), a government financial agency that protects consumers in the financial sector.

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 and manages assets totaling $368 million and deposits totaling $332 million. The Falls City National Bank has a strong Texas Ratio of 12.43%, indicating a small 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 Account 0.15% APY $1500

The Falls City National 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. 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 national average.

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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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