First National Bank Texas has over 340 branches in Arizona, Arkansas, New Mexico, and Texas.

First National Bank Texas; Insider

Personal Finance Insider writes about products, strategies, and tips to help you make smart decisions with your money. We may receive a small commission from our partners, like American Express, but our reporting and recommendations are always independent and objective. Terms apply to offers listed on this page. Read our editorial standards.

The bottom line: First National Bank Texas might be worth exploring if you’re planning to First National Bank Texas Certificate of Deposit — the bank pays solid rates, and in most cases, you’ll only need $500 to open a CD. With other bank accounts, you’ll want to be mindful of monthly service fees.

Overall bank rating

FeatureInsider rating (out of 5)Savings3.5Checking3.75Money market account3.75CD3.5Trustworthiness5Total4

Pros and cons

ProsCons

Low or no minimum opening deposits

Good interest rates on CDs, compared to other brick-and-mortar banks

Free overdraft protection

Possible to waive monthly service fees

Branches are available only in AZ, AR, NM, or TXMonthly service feesLow interest rates on savings and money market accounts

Savings

The First National Bank Texas Savings Account works best if you can make a direct deposit of $100 per month or maintain at least $100 in your account daily. Otherwise, you’ll have to pay a $5 monthly service fee.

Checking

The First National Bank Texas Power Checking Account might be appealing if you don’t have a lot of money to deposit initially. However, you’ll want to be careful about potential bank fees that may stack up if you don’t meet the requirements to waive them.

If you’d prefer to open a free checking account, check out our no-fee checking accounts guide.

CD

First National Bank Texas pays First National Bank Texas Certificate of Deposit compared to other brick-and-mortar banks.

You only need $500 to open most of the bank’s CD terms. You’ll earn a higher rate by depositing at least $50,000, though.

Money market account

You might prefer the First National Bank Texas Money Market Account to the bank’s savings account if you’re able to keep at least $2,500 in your account daily. By meeting this requirement, you’ll waive the $12 monthly service fee and earn a higher rate on account balances between $2,500 and $50,000.

How First National Bank Texas works

First National Bank Texas has over 340 branches and 350 free ATMs in Arizona, Arkansas, New Mexico, and Texas.

Customer service is available over the phone or through live chat. Contact a representative from 8:30 a.m. to 5:30 p.m. on weekdays, 10:00 a.m. to 5:00 p.m. on Saturdays, or 12:00 p.m. to 4:00 p.m. on Sundays.

The bank’s mobile app has 4.7 out of 5 stars in both the Apple store and Google Play store. 

First National Bank Texas is FDIC insured. You may deposit up to $250,000 in an individual bank account, and it will be secure. 

Is First National Bank Texas trustworthy?

The Better Business Bureau rates businesses by how effectively they deal with customer issues. First National Bank Texas has received an A+ rating. 

A good BBB rating doesn’t necessarily indicate your relationship will be the same as others’ have been, though. To find out if First National Bank Texas is suitable for you, read online customer reviews or talk to current customers. 

First National Bank Texas does not have any recent public scandals. 

How First National Bank Texas compares 

We compared First National Bank Texas to two other banks in similar regions: Bank of America and Comerica.

First National Bank Texas

Bank of America

Comerica

Savings APY

First National Bank Texas Savings Account

Savings APY

Bank of America Savings Account

Savings APY

Comerica Statement Savings Account

Standout feature

Interest rates on CDs

Standout feature

ATM and branch network

Standout feature

Variety of CDs

First National Bank Texas Savings AccountBank of America Savings AccountComerica Statement Savings Account

All three financial institutions have savings accounts and checking accounts with monthly service fees. If you don’t want to maintain a certain balance in your account, our online banks guide includes banks that don’t have monthly service fees.

First National Bank Texas and Comerica are good options if you’d like to open a CD with a brick-and-mortar bank.

First National Bank Texas pays the highest interest rates out of all three banks, and you’ll earn a more competitive rate if you deposit more than $50,000 in a CD. Comerica, however, offers a greater variety of terms — ranging from seven days to 10 years.

Bank of America may be worth exploring if you’d like a bank with a substantial branch and ATM network.  It has over 4,200 branches and 16,000 ATMs. 

Frequently asked questions (FAQ)

Is First National Bank and First Convenience Bank the same?

Yes, First Convenience Bank is a division of First National Bank Texas. 

Is First National Bank Texas a good bank?

First National Bank Texas is a good bank if you’re prioritizing CDs or bank accounts with low minimum opening deposits. If you open a savings account, checking account, or money market account, you’ll want to be careful about potential bank fees, though. 

If you’re searching for competitive interest rates on a savings account, online banks will have more suitable options.

Personal Finance, Savings, First National Bank Texas, First National Bank Texas Savings Account, First National Bank Texas Power Checking Account, First National Bank Texas CD, First National Bank Texas Money Market Account, Bank of America, Comerica, bank reviews, PFI Reviews, Personal Finance Insider, pfi, PFI-XAMP, PFI Short Code, PFI Product Card, PFI Related Content Module, Checking Account, Savings Account, Money Market Account, CD, FAQ Page, TOC-jump-to, service graphics, Alyssa Powell, PFI GOBankingRates

All Content from Business Insider