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The First National Bank of Fort Smith Review

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The First National Bank of Fort Smith Savings
0.40% APY
1. Overview 2. How We Rated It 3. Products Offered 4. Branch Locations

Overview

The First National Bank of Fort Smith started in 1872 with headquarters in Fort Smith, Arkansas. It manages assets of $1 billion and $1 billion in deposits, classifying it as a medium-size bank. The First National Bank of Fort Smith 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 access to service representatives at a physical location, in addition to its online and mobile offerings. With a commendable 4.4 out of 5 stars, The First National Bank of Fort Smith proves it is a great choice and should warrant serious consideration. The First National Bank of Fort Smith offers the full slate of product offerings, 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. If you're looking for a checking account for everyday use, The First National Bank of Fort Smith's standard checking does not carry a monthly maintenance fee. Banks that offer no-fee checking, in addition to a high savings APY are your best bet for gaining the most income from your deposits alongside convenient access to your money.

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

The First National Bank of Fort Smith features a savings rate of 0.40%, which is fair in comparison to the average U.S. bank. The First National Bank of Fort Smith's one-year CD has a rate of 1.00%, while its highest-yielding money market account has an APY of 0.75%. Given The First National Bank of Fort Smith's poor savings rate, you should think about taking a look at other banks for savings accounts.

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

The First National Bank of Fort Smith Savings 0.40 National Average 0.26 Compare Offers
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Fees

5.0
SmartAsset Average: 4.4

The First National Bank of Fort Smith typically has extremely low fees as compared against the national average. With no monthly fee, The First National Bank of Fort Smith's checking account is ideal for people who want a hassle-free checking account. The First National Bank of Fort Smith unfortunately does not reimburse out-of-network ATM fees, meaning you'll have to search for a The First National Bank of Fort Smith ATM or eat the ATM charge.

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. With mobile and web apps, The First National Bank of Fort Smith makes account access straightforward, even 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 platforms receive fair marks from users. The The First National Bank of Fort Smith mobile app rates a 3.7 out of 5 (with 94 ratings on Apple and Android) compared to the national average of 3.8. You can utilize The First National Bank of Fort Smith's mobile app to manage your funds by checking account balances, sending and receiving money and reaching customer service. The First National Bank of Fort Smith receives an exceptional consumer satisfaction score due to comparatively few consumer complaints reported to the Consumer Financial Protection Bureau (CFPB), a government-sponsored consumer protection agency.

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 and owns assets totaling $1 billion and deposits totaling $1 billion. The First National Bank of Fort Smith's Texas Ratio is 2.87%, denoting a minute chance of failure. 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 0.4% APY $1
Checking Account 0.1% APY $1
Certificates of Deposit
  • 12 Month: 1.00% APY
  • 24 Month: 1.26% APY
  • 36 Month: 1.51% APY
$5000 for all terms
Money Market Account 0.6% APY $10000

The First National Bank of Fort Smith has several deposit products including savings accounts, checking accounts, money market accounts and CDs to give you 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 other options 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 compared to the average U.S. bank.

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Find a The First National Bank of Fort Smith Near Me

The First National Bank of Fort Smith has 21 physical locations across the U.S.

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