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.

First National Bank Texas Review 2024

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Overall bank rating

Feature	Personal Finance Insider rating (out of 5)
Savings	3.5
Checking	3.75
Money market account	3.75
CD	3.5
Trustworthiness	5
Total	4

Pros and cons

Pros	Cons
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 TX Monthly service fees Low interest rates on savings and money market accounts

Savings

First National Bank Texas Savings Account

Insider’s Rating

3.5/5

Fees

$5 monthly service fee

Annual Percentage Yield (APY)

0.05% to 0.10%

Minimum Opening Deposit

Show Pros, Cons, and More

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

First National Bank Texas Power Checking Account

Insider’s Rating

3.75/5

Fees

$12 monthly service fee

Annual Percentage Yield (APY)

None

Minimum Opening Deposit

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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 guide to the best free checking accounts.

CD

First National Bank Texas CD

Insider’s Rating

3.5/5

Annual Percentage Yield (APY)

0.25% to 5.00%

Minimum Opening Deposit

$500 to $5,000

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First National Bank Texas pays good interest rates on CDs 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

First National Bank Texas Money Market Account

Insider’s Rating

3.75/5

Fees

$12 monthly service fee

Annual Percentage Yield (APY)

0.02% to 1.51%

Minimum Opening Deposit

Show Pros, Cons, and More

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.

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 0.05% to 0.10%	Savings APY 0.01% to 0.04%	Savings APY 0.01%
Standout feature Interest rates on CDs	Standout feature ATM and branch network	Standout feature Variety of CDs
Open an account	Open an account	Open an 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 3,900 branches and 15,000 ATMs.

Frequently asked questions (FAQ)

Sophia Acevedo, CEPF

Banking Editor

Sophia Acevedo is a banking editor at Business Insider. She edits and writes bank reviews, banking guides, and banking and savings articles for the Personal Finance Insider team. She is also a Certified Educator in Personal Finance (CEPF).Sophia joined Business Insider in July 2021. Sophia is an alumna of California State University Fullerton, where she studied journalism and minored in political science. She is based in Southern California.You can reach out to her on Twitter at @sophieacvdo or email sacevedo@businessinsider.com.Read more about how Personal Finance Insider chooses, rates, and covers financial products and services >>Below are links to some of her most popular stories: