{"id":215352,"date":"2024-03-20T19:23:45","date_gmt":"2024-03-20T19:23:45","guid":{"rendered":"https:\/\/michigandigitalnews.com\/index.php\/2024\/03\/20\/first-national-bank-of-america-fnba-review-checking-savings-cds-and-more\/"},"modified":"2025-06-25T17:20:17","modified_gmt":"2025-06-25T17:20:17","slug":"first-national-bank-of-america-fnba-review-checking-savings-cds-and-more","status":"publish","type":"post","link":"https:\/\/michigandigitalnews.com\/index.php\/2024\/03\/20\/first-national-bank-of-america-fnba-review-checking-savings-cds-and-more\/","title":{"rendered":"First National Bank of America (FNBA) Review: Checking, savings, CDs, and more"},"content":{"rendered":"

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FNBA, short for First National Bank of America, has provided banking services to individuals and businesses for more than 65 years. While it operates out of three branches within Michigan, FNBA account holders can access their funds anywhere via online banking<\/a> and mobile banking. Plus, the bank\u2019s partnership with Allpoint enables surcharge-free withdrawals from 55,000 ATMs across the United States. In this First National Bank of America review, you\u2019ll learn more about FNBA\u2019s checking<\/a> and savings accounts<\/a> and high-interest certificates of deposit (CDs)<\/a>.\u00a0<\/p>\n

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All rates and fees are current as of March 20, 2024, and are subject to change.\u00a0<\/p>\n

First National Bank of America at a glance<\/strong><\/h2>\n
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First National Bank of America<\/h4>\n
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Checking accounts:<\/td>\n

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Open with as low as $100<\/td>\n


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Savings accounts:<\/td>\n

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Includes health savings accounts (HSAs)<\/td>\n


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CD Rates:<\/td>\n

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Earn up to 5.15% annual percentage yield (APY)<\/td>\n


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First National Bank of America rates and products<\/strong><\/h2>\n

First National Bank of America offers multiple checking and savings account options with banking features, such as online banking, mobile and text banking, bill payment, and stop payment. They also provide overdraft services and allow customers to send money orders<\/a>. FNBA accounts have varied rates and APYs, and its CD<\/a> rates are one of the best CD rates<\/a> you\u2019ll see. However, these rates are subject to change at the institution\u2019s discretion.\u00a0<\/p>\n

Checking accounts<\/strong>\u00a0<\/h3>\n

First National Bank of America offers Michigan residents three checking accounts. None of these checking accounts are free<\/a>\u2014you\u2019ll need to pay a monthly fee to keep your account running unless you maintain the required minimum daily balance. That monthly fee depends on FNBA\u2019s current fee schedule. Also, unlike other banks, First National Bank of America doesn\u2019t offer new customers checking account opening bonuses<\/a>.<\/p>\n

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First National Bank of America checking account features<\/strong><\/td>\n<\/tr>\n
Minimum opening deposit<\/td>\n$1,000<\/td>\n<\/tr>\n
Minimum balance required<\/td>\n$1,000 to avoid monthly fees<\/td>\n<\/tr>\n
Federal Deposit Insurance Corp. (FDIC) insurance<\/td>\nUp to $250,000<\/td>\n<\/tr>\n<\/tbody>\n<\/table>\n<\/div>\n<\/div>\n
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Simple Checking<\/strong><\/h2>\n<\/summary>\n

FNBA\u2019s Simple checking account requires a minimum opening deposit of $100. You must also keep a minimum daily balance to escape its monthly service fee. This checking account is the only one that accrues interest, but First National Bank of America doesn\u2019t reveal how much interest you\u2019ll get.\u00a0<\/p>\n<\/details>\n

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HomeTowne Money Market Checking<\/strong><\/h2>\n<\/summary>\n