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First National Bank of America Reviews


bestfor-icon People Looking for Reliable Savings Options

Written by Matthew Levy

About First National Bank of America | Read More


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Opening Hours Opening Hours drop-down-btn
Mon - Thurs 8:00am to 5:30pm EST
Sat 9:00am to 1:00pm EST
Contact Information Contact Information drop-down-btn
  • service@fnba.com
  • 800-968-3626
  • East Lansing, MI 48826
  • PO Box 980
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First National Bank of America Certificate of Deposit Review

First National Bank of America (FNBA) is a safe and reliable bank that has been in business since 1955. It offers competitive interest rates on deposits and convenient online and mobile banking services. FNBA’s Certificates of Deposit currently has a max APY of 5.00%. There is a minimum deposit requirement of $1000 to open an FNB Certificate of Deposit.

First National Bank of America Certificate of Deposit Highlight


12-Month APY


36-Month APY


72-Month APY


Minimum Deposit


Minimum Balance


Monthly fee


Daily Compounded Interest


Early withdrawal penalty

Pros & Cons

  • con-icon Competitive yields and a wide range of terms
  • con-icon The same APY applies to accounts opened online and in a branch
  • con-icon $1,000 is the minimum deposit for opening a CD
  • con-icon No specialty CDs, such as no-penalty or bump-up CDs
  • con-icon Long-term CDs have much greater early withdrawal penalties.
  • con-icon Customer service isn’t available on weekends

Account types

  • 6-Month APY 3.05%
  • 12-Month APY 5.15%
  • 24-Month APY 4.80%
  • 36-Month APY 4.65%
  • 48-Month APY 4.55%
  • 60-Month APY 4.55%
  • 72-Month APY 4.35%
  • 84-Month APY 4.30%

First National Bank of America Certificate of Deposit Terms & Requirements

  • Account opening: You can open a CD account online or in-branch. You will need to provide your name, address, Social Security number,occupation, and date of birth. You will also need to provide a valid form of identification, such as a driver’s license or passport.
  • Minimum deposit: The minimum deposit to open a CD account is $1,000
  • Term length: The term length for a CD account can range from 6 months – 7 years.
  • Interest payment: Interest on a CD account is compounded quarterly.
  • Early withdrawal penalties: There is an early withdrawal penalty however the amount is not stated on the website.

Qualification Requirements

Here are what you need in order to qualify for opening a CD account at First National Bank:

  • Residential status: You must be a resident of the United States to open a CD account.
  • Eligibility: You must be at least 18 years old to open a CD account.
  • Joint accounts: You can open a CD account with one or more people.

Please note that these terms and requirements are subject to change. You should always check with First National Bank for the most up-to-date information.

Early Withdrawal Penalty

FNBA does allow partial withdrawals. The penalty charged is based on the term of your Certificate of Deposit. The penalty may result in a reduction of your principal balance.
Early withdrawal penalties are the same for online and in-branch Certificates of Deposits.

Term of Deposit Amount of Interest
1-11 Months 90 days of interest
12-23 Months 180 days of interest
24-47 Months 360 days of interest
48-84 Months 540 days of interest

State Availability

- Available in all states

Written by Matthew Levy

Matthew is a freelance financial copywriter with 14+ years in financial services. He holds a Bachelor of Science degree in Economics with business and finance options and is a CFA Charterholder. He is from Vancouver, Canada, but writes from all over the world.



How can I avoid monthly maintenance fees on FNBA's high-yield savings account?

To sidestep the $10 monthly maintenance fee for the High Yield Savings Account, you should maintain a minimum balance of $1,000.

Is the FNBA mobile app available on both Android and iOS platforms?

Yes, FNBA offers its mobile app on iOS and Android, allowing for features like mobile check deposits and text banking.

Are there any restrictions on withdrawals from the Business Money Market Savings account?

Yes, with the Business Money Market Savings account, you're limited to six withdrawals and three check transactions per month. If your business requires more frequent transactions, this account may not be ideal.

Customer Support

Upon engaging with First National Bank of America’s customer support, I found the experience highly satisfactory. They proved extremely responsive and replied within 24 hours of my inquiry. While my first point of contact was a bot, I was redirected to a human representative for a more in-depth discussion. There is 24-hour automated loan information by phone, however, if calling outside of business hours. From various customer reviews and feedback, it’s evident that First National Bank of America enjoys a strong reputation for effectively addressing customer concerns.

Privacy & Security

First National Bank of America takes the privacy and security of its customers very seriously. As a bank of its legacy, FNBA understands the importance of ensuring the confidentiality and protection of personal and financial data. They employ encryption and cybersecurity measures to safeguard data from potential breaches. While specifics about their security protocols can be found in their disclaimers and terms of service, the bank’s reputation in the community is quite good regarding privacy and security. Additionally, being FDIC insured, FNBA adheres to the stringent guidelines and regulations put forth by federal authorities. This assures customers that their deposits are protected up to the insured limits.

In Conclusion

First National Bank of America (FNBA) stands out in 2023 as an optimal choice for those looking for online CDs or high-yield savings accounts. With these offerings available to consumers nationwide, FNBA presents a compelling case for its financial products, further incentivized by competitive APYs and comprehensive CD term choices. Additionally, the convenience of online banking and a functional mobile app facilitates account management, making it hassle-free for users. However, FNBA does pose certain limitations – the most notable being the exclusivity of its checking and specific savings accounts to Michigan residents. Furthermore, the high minimum deposits for CDs and the fees associated with certain account balances might deter some potential users. Customer service’s unavailability during weekends is also a downside. Still, weighing the pros and cons, FNBA emerges as a strong contender for those prioritizing savings and CDs, especially considering their expansive ATM network and a legacy trusted since 1955.

Brand Disclaimer

This Privacy Policy applies to our collection, use and sharing of your personal information (a) when you visit our websites at fnba.com, fnacusa.com, fnacbrokers.com, or roselandco.com (the “Sites”), (b) receive our communications or participate in our online or offline activities or events, (c) create an account on our website, and (d) that we obtain from third parties such as resellers, database vendors, content publishers and suppliers.
This Privacy Policy applies only to information gathered on and through the Site and does not apply to any other information or websites not owned or operated by FNBA or information collected by FNBA by other means.
Information You Give Us. Personal information you may provide through the Site or otherwise communicate to us includes: Contact information. We collect information about you when you provide contact information to us via email, mail, or through the Site, including as a result of creating an account, or registering for a This information may include your first and last name, email address, mailing address, phone number, and credit card information.
Sensitive personal information. We collect information that may be considered sensitive, such as your tax identification number, passport number or social security number, in connection with our product and service offerings.
Feedback and correspondence. We may collect information about you when you request information, respond to surveys, or otherwise correspond with us.
Other information. We may collect other information from you that is not specifically listed here. We may use such information in accordance with this Privacy Policy.
Information We Get From Others. We may obtain additional information about you from third party sources, such as service providers, vendors, social media sites, and advertising agencies to provide you with more relevant information about our products and services.
Information Automatically Collected. Our servers and third party service providers may automatically record certain information about how you use the Site, such as your Internet Protocol (IP) address, device and browser type, operating system, DNS, the pages or features of the Site that you browsed and the time spent on those pages or features, the frequency with which you use the Site, the links that you click on or use, and other statistics. We collect this information in server logs and by using cookies and similar tracking technologies. See our Cookie Policy, below, for more information.
Statistical Analyses. We use service providers like Google Analytics to help us gather statistical information about the visitors to our Site and how they use the Site on an anonymous, aggregate basis. However, we will not associate this data with your personally identifiable data unless required to do so to cooperate with law enforcement activity or other governmental request or to comply with law. We may use this information to gain a better understanding of the users of our Site, to improve our Site, and to improve our services. Depending on the type of browser and device that you use, you may have the ability to control the type of information that Google Analytics use. To understand how Google Analytics collects and processes data, please visit www.google.com/policies/privacy/partners/. We reserve the right to license or sell aggregate, de-identified information about the visitors to our Site, but this information will not contain your personal information or otherwise be individually identifiable.
Sensitive Personal Information. We may collect some sensitive personal information (e.g., social security numbers, information related to racial or ethnic origin, gender, and criminal background) through the Site as a result of our evaluation process for providing products and services, including loans and financial and investment services. For more information about our activities related to such personal information, please click here.
In collecting this sensitive personal information, FNBA respects individual privacy, protects against unauthorized access to or use of information, and complies fully with all laws and government regulations in the collection, use, storage, display, distribution and disposal of such information. Authorized uses of sensitive information within FNBA are limited to uses which are necessary to: a) meet our legal and regulatory requirements; or b) facilitate access to services, transactions, facilities and information.