First National Bank is best for people who live near one of its approximately 100 branches and who might want in-person help occasionally.
The bottom line
- There are no monthly fees on the bank’s basic checking and savings accounts
- Annual percentage yields (APYs) are generally low, especially on the basic savings account
» MORE: NerdWallet’s best national banks
|Certificates of deposit||
Here are more details about First National Bank’s checking and savings accounts, CDs, customer experience and overdraft fees.
The basic checking account doesn’t bear interest, but it also doesn’t have a monthly fee. It should serve you just fine if you simply need a place to park your money. The bank also has a premier account that offers minimal interest, but it wasn’t factored into our ratings. Rates may vary depending on where you live.
There’s no minimum deposit to open a basic savings account, and no monthly fee. The rate is low, however, so if you want your cash to grow faster, take a look at other institutions on NerdWallet’s best savings accounts list. Again, rates may vary depending on where you live.
Certificates of deposit
Customers have access to CDs with term lengths ranging from 91 days to five years. Although rates are higher here than at most national banks, they aren’t nearly as strong as those offered by online banks and a few credit unions. People who have checking accounts at First National Bank can qualify for slightly higher savings rates than those shown below. Customers who live outside of Omaha, Nebraska, might get slightly different rates.
First National Bank has mobile banking apps for iOS and Android devices. You can use them to monitor your accounts, transfer money between them and deposit checks.
The bank’s website makes it easy to find information about fees and rates, but it lacks a live chat service. Branches are limited to seven states: Colorado, Illinois, Iowa, Kansas, Nebraska, South Dakota and Texas.
First National Bank charges a $33 overdraft fee up to four times per day, which is slightly below the national median of $34. On the plus side, the bank won’t charge customers if their balance is overdrawn by $20 or less, or if the the transaction causing the overdraft is below that amount. At many banks, that threshold is $5.
First National Bank’s overdraft line of credit has a minimum interest rate of about 14%. Customers can also get free overdraft protection using a linked First National Bank savings account.
Updated May 18, 2017.
NerdWallet’s overall ratings for banks and credit unions are weighted averages of several categories: checking, savings, certificates of deposit or credit union share certificates, customer experience and overdraft fees.
Factors we consider, depending on the category, include rates and fees, ATM and branch access, account features and limits, user-facing technology, customer service and innovation.
The stars represent ratings from poor (one star) to excellent (five stars). Ratings are rounded to the nearest half-star.