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 largest bank in the state of Michigan. It is also the 249th largest bank in the nation. It was established in 1955 and as of March of 2024, it had grown to 364 employees at 3 locations. First National Bank of America's money market rates are 9X the national average, and it has a B+ health rating.


Posted by: |

I've been with this bank for about four years now. They are the EASIEST organization to work with of any with whom I've been associated...and I've been with many. Setting up CDs is super easy. Security measures are great. Assistance (phone communications) is excellent. And they are polite, cordial and have never failed to accurately answer a question. Unfortunately, I've reached the maximum allowable under FDIC rules that I can place with them, otherwise I'd put more money into CDs there. Oh, I should add that their interest rates are always near the top of all those in the industry.

Opened A New 4Yr. CD

Posted by: |

I'm a new CD account holder with FNBA. I'd like to say that this was probably the easiest online CD I've ever opened, and I've opened dozens. Congratulations!

No problem adding a joint owner but was only able to add one beneficiary online and I wanted to add two. I just messaged them about that, but I'm happy so far!

Update: within minutes I got a message reply! Actually, it was my oversight when adding a beneficiary. They reset it and I easily added both beneficiaries.

GREAT Bank For Cds

Posted by: |

Although they may have had a tedious process to open CDs a couple years ago, now they have improved it tremendously. You can open one in less than a minute if you have all your data ready.

Also great customer service, and I've dealt with MANY (over 50) banks over the years. Just opened my third CD and plan to open more.

New Process

Posted by: |

I had completed a recent transaction with this bank and they sent me a confirmation to my gmail account without security. The confirmation had routing number, account number and transaction details of both of my accounts for the ACH. In my opinion, this was not a safe way of handling confidential data so I wrote to them about this.

I was contacted by a rep from the bank shortly there after and we discussed the matter. They decided to change their process to better protect client data. I appreciate the fact that were willing to listen and adjust their process based on our discussion.



Health Grade Components

FDIC Certificate #17438
Year Established1955
Primary RegulatorOCC
Profit Margin
Return on Assets - YTD2.82%
Return on Equity - YTD33.95%
Annual Interest Income$115.6MM
Assets and Liabilities
AssetsQ1 2024vs Q1 2023$5.8B$4.82B
LoansQ1 2024vs Q1 2023$5.28B$4.38B
DepositsQ1 2024vs Q1 2023$3.38B$2.91B
Equity CapitalQ1 2024vs Q1 2023$494.5MM$405.8MM
Loan Loss AllowanceQ1 2024vs Q1 2023$58.9MM$48.6MM
Unbacked Noncurrent LoansQ1 2024vs Q1 2023$72.5MM$55.9MM
Real Estate OwnedQ1 2024vs Q1 2023$3.4MM$4.8MM
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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%$0-Statement Savings

First National Bank of America Money Market Rates

3.75%*$100k*-HomeTowne Money Market Checking
OTHER TIERS: 3.50% $0 - $100k
0.50%*$250k*-Business Money Market Savings
OTHER TIERS: 0.40% $0 - $50k | 0.45% $50k - $250k

First National Bank of America CD Rates

5.05%$1k$1m12 Month CD - Michigan only
5.05%$1k-12 Month Online CD
4.75%$1k$1m24 Month CD - Michigan only
4.75%$1k-24 Month Online CD
4.75%$1k-18 Month CD - Michigan Only
4.60%$1k$1m36 Month CD - Michigan only
4.60%$1k-36 Month Online CD
4.50%$1k$1m48 Month CD - Michigan only
4.50%$1k$1m60 Month CD - Michigan only
4.50%$1k-48 Month Online CD
4.50%$1k-60 Month Online CD
4.30%$1k$1m72 Month CD - Michigan only
4.30%$1k-72 Month Online CD
4.20%$1k$1m84 Month CD - Michigan only
4.20%$1k-84 Month Online CD
4.15%$1k-96 Month Online CD
4.15%$1k$1m96 Month CD - Michigan only
4.05%$1k-108 Month Online CD
4.05%$1k$1m108 Month CD - Michigan only
4.00%$1k-120 Month Online CD
4.00%$1k$1m120 Month CD - Michigan only
3.05%$1k$1m6 Month CD - Michigan only
3.05%$1k-6 Month Online CD

First National Bank of America IRA Rates

5.05%$1k$1m12 Month IRA CD
4.75%$1k$1m24 Month IRA CD
4.75%$1k-18 Month IRA CD
4.60%$1k$1m36 Month IRA CD
4.50%$1k$1m48 Month IRA CD
4.50%$1k$1m60 Month IRA CD

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

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