First National Bank of America Review 2023
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At a glance

CDs
Checking
Savings
MMA
About Bankrate Score
Overview
First National Bank of America is a solid choice for consumers who prefer a community bank, live within the bank's branch footprint in Michigan and want competitive APYs on CDs and checking accounts, as well as the convenience of online and mobile banking.
Highlights
- Top CD Rates
Offers featured here have been sponsored by our partners, which impacts how, where, and in what order the products appear.

APY, or annual percentage yield, is the yearly return on a bank or investment account.
APY, or annual percentage yield, is the yearly return on a bank or investment account.
Bankrate Savings rating = 5/5
Bankrate scores are objectively determined by our editorial team. Our scoring formula weighs several factors consumers should consider when choosing financial products and services.

APY, or annual percentage yield, is the yearly return on a bank or investment account.
APY, or annual percentage yield, is the yearly return on a bank or investment account.
Bankrate Savings rating = 4.4/5
Bankrate scores are objectively determined by our editorial team. Our scoring formula weighs several factors consumers should consider when choosing financial products and services.

APY, or annual percentage yield, is the yearly return on a bank or investment account.
APY, or annual percentage yield, is the yearly return on a bank or investment account.
Bankrate Savings rating = 4.7/5
Bankrate scores are objectively determined by our editorial team. Our scoring formula weighs several factors consumers should consider when choosing financial products and services.
Overall
FNBA is a federally insured bank. It opened in 1955 as First National Bank of East Lansing. It pays very solid interest rates on deposits and offers the conveniences of online and mobile banking. Though CDs can be opened online, the bank’s checking and Statement Savings and money market accounts can only be opened at a branch.
Pros
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It pays competitive yields on deposits, especially its CDs.
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FNBA offers access to over 55,000 ATMs across the U.S.
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It offers online and mobile banking through its highly rated mobile app.
Cons
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Accounts other than CDs must be opened at a branch.
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Its three branches are all in Michigan.
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Some online banks offer higher yields.
First National Bank of America banking products
First National Bank of America savings overview
FNBA's High Yield Savings Account pays a paltry yield and requires $1,000 to open. It can be opened online.
Pros
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Statement Savings has a reasonable opening deposit.
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Statement Savings has a reasonable minimum balance requirement to avoid a monthly fee.
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The Statement Savings APY is above the national average.
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The High Yield Savings Account pays a very competitive APY and can be opened online.
Cons
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The Statement Savings account must be opened in a branch.
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Statement Savings doesn't have APY tiers, so bigger savers are not rewarded with higher rates.
Offers featured here have been sponsored by our partners, which impacts how, where, and in what order the products appear.

APY, or annual percentage yield, is the yearly return on a bank or investment account.
APY, or annual percentage yield, is the yearly return on a bank or investment account.
Bankrate Savings rating = 5/5
Bankrate scores are objectively determined by our editorial team. Our scoring formula weighs several factors consumers should consider when choosing financial products and services.
Bank experience
First National Bank of America is a family-owned community bank with three branches in Michigan.
The bank’s mobile app is highly rated on the Apple App Store and the Google Play Store, though both have only been reviewed by a relatively small number of users. The apps let you make person-to-person transactions, pay your bills, make mobile deposits and transfer money between accounts.
Customer service is available by phone or online.
About First National Bank of America
First National Bank of America is a family-owned community bank based in East Lansing, Michigan. FNBA offers checking, savings, IRAs and CDs, some with competitive rates, as well as mortgages and business banking products. It has three branches and a large ATM network through Allpoint. It also offers online and mobile banking and has a highly rated mobile app. Most accounts must be opened in a branch.
Review methodology
We assign a score to each type of account and its features, weigh them carefully based on importance to account holders and determine an overall score. Read our full review methodology.