First National Bank of America

Overview / Commentary
241 East Saginaw
East Lansing, MI 48823

First National Bank of America is headquartered in East Lansing and is the 6th largest bank in the state of Michigan. It is also the 359th largest bank in the nation. It was established in 1955 and as of December of 2021, it had grown to 335 employees at 3 locations. First National Bank of America's CD rates are 96% higher than the national average, and it has a B+ health rating.

Opening IRA CD In-Person Only

Great rate. On-line application did not ask whether this was regular or IRA CD.
I called and was pleasantly surprised to have Elana pick up instantly. NO LONG TELEPHONE QUEUE!! I was disappointed to learn FNBA could not open an IRA
CD on-line. Five stars for rates and customer service anyway.


We worked with Kassandra B. and she went ABOVE and BEYOND to help us purchase our home! She was on top of everything, communicated with us and answered any and all questions we had! She spoke TO us and helped us to understand everything! We had a VERY positive experience with everyone we dealt with at the bank! I would HIGHLY recommend them! :)

What I Wish I Knew Sooner About FNBA

ORIGINAL REVIEW: FNBA offers very competitive rates on CDs. Cool! Great! BUT, what I didn't know was that they're making it up - unsurprisingly - with super-high fees elsewhere. In my case, the shock happened when I needed to terminate a CD early; the penalty was 540 days worth of interest, and if the account hasn't been open 540 days, it's taken from the original deposit. FYI most CDs charge a 6-month interest penalty for early withdrawal.

UPDATE: Everything I said previously is true, but I have since had a lot of interaction with FNBA, and it revealed a level of customer service that my own primary bank (Ally) simply does not have. I appreciate it and am upgrading my rating accordingly.

Excelent Service

well I I'm very happy with FNBA their service was awesome , I live in California and I thought will be hard but no. It was less then I expected, not only that but they had sense of humor they were not stressed . And thank you guys. .. in case someone in spanish
excelente el Personal fue muy amable. yo estube buscando prestamo para una casa pero los bancos no me daban !asta que encontre a FNBA estoy muy satisfecho con ellos . actualmente vivo en California y esto no fue un problema para aser el prestama



Health Grade Components

FDIC Certificate #17438
Year Established1955
Primary RegulatorOCC
Profit Margin
Return on Assets - YTD3.74%
Return on Equity - YTD37.93%
Annual Interest Income$233.0MM
Assets and Liabilities
AssetsQ4 2021vs Q4 2020$3.31B$2.96B
LoansQ4 2021vs Q4 2020$3.04B$2.69B
DepositsQ4 2021vs Q4 2020$2.18B$1.92B
Equity CapitalQ4 2021vs Q4 2020$299.3MM$289.0MM
Loan Loss AllowanceQ4 2021vs Q4 2020$34.7MM$35.4MM
Unbacked Noncurrent LoansQ4 2021vs Q4 2020$42.5MM$50.4MM
Real Estate OwnedQ4 2021vs Q4 2020$4.3MM$6.1MM
Skip to rates for:
Report an Issue

Always verify rates and promotions with the bank or credit union. We are not First National Bank of America; we are a rate comparison website and cannot provide official rates or promotions.

* The APY shown varies based on the deposit amount. Expand the listing to see APYs for other deposit amounts.

† The rates for some products vary by region. In these cases we have listed the rates for the region closest to the bank's headquarters.

First National Bank of America Savings Account Rates

0.25%$100-Statement Savings

First National Bank of America Money Market Rates

0.35%*$250k*-HomeTowne Money Market Checking
OTHER TIERS: 0.25% Up to $50k | 0.30% $50k - $250k
0.30%*$50k*-Business Money Market Savings
OTHER TIERS: 0.25% Up to $50k

First National Bank of America CD Rates

2.90%$1k$1m84 Month CD
2.85%$1k$1m72 Month CD
2.80%$1k$1m60 Month CD
2.55%$1k$1m48-59 Month CD
2.35%$1k$1m36-47 Month CD
2.25%$1k$1m24-35 Month CD
1.76%$1k$1m12-23 Month CD
0.75%$1k$1m6-11 Month CD
0.35%$1k$1m1-5 Month CD

First National Bank of America IRA Rates

2.80%$1k$1m60 Month IRA
2.55%$1k$1m48-59 Month IRA CD
2.35%$1k$1m36-47 Month IRA CD
2.25%$1k$1m24-35 Month IRA CD
1.76%$1k$1m12-23 Month IRA CD

First National Bank of America Locations
First National Bank Of America241 East SaginawEast Lansing, MI 48823
Traverse City Branch315 N. DivisionTraverse City, MI 49684
Branch Office4660 Kalamazoo Ave, SEGrand Rapids, MI 49508

The financial institution, product, and APY (Annual Percentage Yield) data displayed on this website is gathered from various sources and may not reflect all of the offers available in your region. Although we strive to provide the most accurate data possible, we cannot guarantee its accuracy. The content displayed is for general information purposes only; always verify account details and availability with the financial institution before opening an account. Contact [email protected] to report inaccurate info or to request offers be included in this website. We are not affiliated with the financial institutions included in this website.