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First National Bank Review: Checking, Savings and CDs

Banking, Banks & Credit Unions
First National Bank Review: Checking, Savings and CDs
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NerdWallet rating: 3.0/5.0

Where First National shines:

  • No monthly fees on basic checking and savings accounts
  • No minimum opening deposits for basic checking and savings accounts
  • Doesn’t charge for overdrafts of $20 or less (or if the overdrawing transaction was $20 or less)

Where First National falls short:

  • Lower savings and CD rates than those at many online banks
  • Relatively small service area

Where First National shines:

  • No monthly fees on basic checking and savings accounts
  • No minimum opening deposits for basic checking and savings accounts
  • Doesn’t charge for overdrafts of $20 or less (or if the overdrawing transaction was $20 or less)

Where First National falls short:

  • Lower savings and CD rates than those at many online banks
  • Relatively small service area

Where First National shines:

  • No monthly fees on basic checking and savings accounts
  • No minimum opening deposits for basic checking and savings accounts
  • Doesn’t charge for overdrafts of $20 or less (or if the overdrawing transaction was $20 or less)

Where First National falls short:

  • Lower savings and CD rates than those at many online banks
  • Relatively small service area

The bottom line

First National Bank

at First National Bank,

Member, FDIC

Little distinguishes First National Bank from other banks, and that’s both good and bad. Its fees aren’t particularly high, but neither are its savings rates. Its online banking platform has all the basics but little else.

Its service area is also on the small side, including branches in Colorado, Illinois, Iowa, Kansas, Nebraska, South Dakota and Texas.

Best if: You live near one of its branches and just want somewhere to park your money.

» Want more options? See NerdWallet’s analysis of the best savings accounts and the best checking accounts


Ratings methodology

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.

Ratings are rounded to the nearest half-star.