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The First National Bank of Fort Smith Review

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We maintain strict editorial integrity in our writing and assessments. This post contains links from our advertisers, and we may receive compensation when you click these links. Any opinions, analyses, reviews or recommendations expressed in this article are those of the author’s alone. | Advertiser Disclosure We maintain strict editorial integrity in our writing and assessments. This post contains links from our advertisers, and we may receive compensation when you click these links. Any opinions, analyses, reviews or recommendations expressed in this article are those of the author’s alone. | Advertiser Disclosure
The First National Bank of Fort Smith Savings
0.50% APY
1. Overview 2. How We Rated It 3. Products Offered 4. Branch Locations

Overview

Founded in 1872, The First National Bank of Fort Smith has $1 billion in assets and deposits totaling $1 billion, classifying the institution as a medium-size bank. The First National Bank of Fort Smith, whose headquarters are in Fort Smith, Arkansas, lacks premium access to customer service, with no options for live chat or all-day service. It is a traditional brick-and-mortar bank with access to service representatives at a physical location, in addition to its online and mobile apps. With a score of 4.4 stars out of 5, The First National Bank of Fort Smith should be solidly in contention for your choice of bank. The First National Bank of Fort Smith provides customers with the full selection of product offerings, including savings accounts, checking accounts, money market accounts, CDs, IRAs, mortgage products and credit cards. The First National Bank of Fort Smith has a fair savings rate; other popular banks have higher rates. If you're looking for a checking account for everyday use, the bank's standard checking does not have a monthly maintenance fee. Institutions that offer no-fee checking and a high interest rate savings account are your best bet for accruing the highest income on your deposits alongside convenient access to your funds.

How We Rated It

SmartAsset's Overall Rating

4.4/5
National Average: 4.1

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

Rates

4.0
SmartAsset Average: 3.5

With a savings rate of 0.50%, The First National Bank of Fort Smith ranks poorly compared to other U.S. banks. Its one-year CD has a rate of 1.66%, while its highest-yielding money market account earns at an APY of 0.80%. Given The First National Bank of Fort Smith's below average savings rate, you should think about looking at the competition to open savings accounts.

How The First National Bank of Fort Smith's Savings Rates Compare

The First National Bank of Fort Smith Savings 0.50 National Average 0.26 Compare Offers
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Fees

5.0
SmartAsset Average: 4.4

On average, The First National Bank of Fort Smith charges its customers extremely low fees in comparison to the national average. The First National Bank of Fort Smith's checking account has no monthly fee, which makes it excellent for anyone looking for a hassle-free account. The First National Bank of Fort Smith unfortunately doesn't refund out-of-network ATM charges, which means you'll be required to search for a The First National Bank of Fort Smith ATM or accept the fee.

Monthly Fee $0 National Average: $3.21
Non-network ATM Fee N/A National Average: $1.20
Overdraft Fee N/A National Average: $35.00
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Service Quality

3.8
SmartAsset Average: 3.7

The First National Bank of Fort Smith is a brick-and-mortar bank, with 21 total bank locations in Arkansas and Oklahoma. It also offers access to mobile and web apps for straightforward access and banking on the go. It does not provide access to all-day customer service with actual service representatives. You can get help during its hours, which are Monday through Friday, 7:00 a.m. to 7:00 p.m. CT; Saturday, and 9:00 a.m. to 2:00 p.m. CT. The First National Bank of Fort Smith's online and mobile banking services get moderate feedback from customers. Out of 94 ratings on iOS and Android platforms, the The First National Bank of Fort Smith mobile app is scored at 3.7 out of 5 (compared to the national average of 3.8). The First National Bank of Fort Smith's mobile app lets you control your finances by reviewing current statements, transferring money and accessing support representatives. The First National Bank of Fort Smith gets a superb consumer satisfaction score based on relatively few complaints filed with the Consumer Financial Protection Bureau (CFPB), a government agency that protects consumers in the financial sector.

Overall Mobile Rating 3.7/5
Consumer Satisfaction Rating 5.0/5
Online Banking Portal No
Live Chat No
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Financial Health

4.9
SmartAsset Average: 4.8

The First National Bank of Fort Smith is a medium-size bank with assets totaling $1 billion and $1 billion in deposits. It has an excellent Texas Ratio of 2.87%, signifying that The First National Bank of Fort Smith is in terrific financial health and improbable to fail. Additionally, The First National Bank of Fort Smith 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.

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Compare The First National Bank of Fort Smith to Other Competitive Offers

Products Offered

Product Current Terms and Rates Minimum Balance for APY
Savings Account 0.5% APY $1
Checking Account 0.2% APY $1
Certificates of Deposit
  • 12 Month: 1.66% APY
  • 24 Month: 2.26% APY
  • 36 Month: 2.51% APY
$5000 for all terms
Money Market Accounts 0.7% APY 0.8% APY $10000 $15000

The First National Bank of Fort Smith 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 First National Bank of Fort Smith 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 First National Bank of Fort Smith's CD rates are fair in comparison to other U.S. banks.

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Find a The First National Bank of Fort Smith Near Me

The First National Bank of Fort Smith has 21 branches in the U.S.

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