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 399th largest bank in the nation. It was established in 1955 and as of June of 2019, it had grown to 311 employees at 3 locations. First National Bank of America's money market rates are 3X the national average, and it has a B+ health rating.
Related Posts
8/8 - FNBA Reduces Rates
7/11 - First National Bank Of America Reduces Several CD Rates
6/12 - Lower Rate On 60 Month Cd
5/17 - Cd Rate Drop On One And Five Year Cd
4/24 - First National Bank of America Leads With 60-Month CD, 3.35% APY
4/4 - #1 APY's For CD's Available Nationwide With Terms Of 36 Months Or Longer
Excellent Bank
We are very happy with the First National Bank of America. We have several CD's here and we are very satisfied with the service.
CD Has Great Rates.
I've used National Bank of America several times for CD's. Their rates have been the top rates listed at bankrate.com. Now that I have an established account, it is easy to add another CD to my ladder. While the website may not be the top of the line with the newest technology, I'd rather have the extra earnings than saving a minute or two on the website.
A Bank With Heart
With the most competitive CD rates around, I decided to begin building a CD ladder. A savings or checking account with FNBA is not required. Initially, it takes a few minutes to enter all of the required information, but all of the information is saved so there is no need to enter the information when adding a new CD. They do not offer online access to track balances, but statements are sent quarterly in the mail. Because First National Bank of America is a smaller bank, you are not treated like a statistic. Instead, there is a human component that many banks seem to lack. Also, upon request, you will receive an actual certificate in the mail. If you have questions or concerns, expect a speedy response. In time, it would be great to have online access to make tracking the progress of my ladder more convenient, but not having the online access is not a deal breaker.
Impossible To Buy A Cd
Just spent half a day sifting through various banks with reasonable qualifications & decided to give 1FBA a whack. So whilst laboring thu the CD application process I got mostly thru but they "timed "me out while in the midst of answering all the Qs. Then had the gall to tell me to start over.. This is the sixth bank attempted today. You would think the banks are trying to avoid our money
Data as of Q2 2019
Learn why bank health mattersHealth Grade Components
| Overall | |
|---|---|
| FDIC Certificate # | 17438 |
| Year Established | 1955 |
| Employees | 311 |
| Primary Regulator | OCC |
| Profit Margin | |
|---|---|
| Return on Assets - YTD | 2.42% |
| Return on Equity - YTD | 27.25% |
| Annual Interest Income | $74.5MM |
| Assets and Liabilities | ||
|---|---|---|
| Assets | Q2 2019vs Q2 2018 | $2.16B$1.57B |
| Loans | Q2 2019vs Q2 2018 | $1.97B$1.42B |
| Deposits | Q2 2019vs Q2 2018 | $1.36B$1.05B |
| Equity Capital | Q2 2019vs Q2 2018 | $200.2MM$141.0MM |
| Loan Loss Allowance | Q2 2019vs Q2 2018 | $22.9MM$17.6MM |
| Unbacked Noncurrent Loans | Q2 2019vs Q2 2018 | $40.4MM$42.7MM |
| Real Estate Owned | Q2 2019vs Q2 2018 | $4.3MM$4.6MM |
This section lists recent deals, promotions and rate changes submitted by our community within the past 90 days. Always verify official rates and promotions with the bank or credit union.
FNBA Reduces Rates
For example the APY on the 84 month CD went from3.00% down to 2.95%
First National Bank Of America Reduces Several CD Rates
I don't follow this bank closely or have any accounts with them, but it is my understanding that many of their products have different rates for local vs national customers. The "New" rates listed here are what I'm shown as the "national" rate.
old new
1-5 Months 1.40% 1.40%
6-11 Months 1.90% 1.90%
12-23 Months 2.65% 2.65%
24-35 Months 2.85% 2.75%
36 Months Flex 2.90% 2.80%
36-47 Months 2.95% 2.85%
48 Months Flex 3.00% 2.85%
48-59 Months 3.05% 2.90%
60 Months Flex 3.10% 2.95%
60 Months 3.00% 3.00%
72 Months 3.25% 3.05%
84 Months 3.35% 3.15%
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
| APY | MIN | MAX | ACCOUNT NAME | VIEW DETAILS |
|---|---|---|---|---|
| 0.25%† | $100 | - | Statement Savings |
First National Bank of America Money Market Rates
First National Bank of America Checking Account Rates
| APY | MIN | MAX | ACCOUNT NAME | VIEW DETAILS | |
|---|---|---|---|---|---|
| 0.20%*† | $1.5m* | - | Business Interest Checking | ||
| OTHER TIERS: 0.05% → Up to $50k | 0.10% → $50k - $150k | 0.15% → $150k - $1.5m | |||||
First National Bank of America CD Rates
First National Bank of America IRA Rates
| APY | MIN | MAX | ACCOUNT NAME | VIEW DETAILS |
|---|---|---|---|---|
| 2.85%† | $1k | - | 60 Month IRA | |
| 2.75%† | $1k | - | 48-59 Month IRA CD | |
| 2.65%† | $1k | - | 36-47 Month IRA CD | |
| 2.60%† | $1k | - | 24-35 Month IRA CD | |
| 2.50%† | $1k | - | 12-23 Month IRA CD |
| First National Bank of America Locations | ||
|---|---|---|
| First National Bank Of America | 241 East Saginaw | East Lansing, MI 48823 |
| Traverse City Branch | 315 N. Division | Traverse City, MI 49684 |
| Branch Office | 4660 Kalamazoo Ave, SE | Grand Rapids, MI 49508 |