First National Bank Named One of MONEY’s Best Banks
First National Bank (www.firstnational.com) has been selected one of MONEY’s Best Banks. In addition, MONEY has named First National Bank the best bank in Colorado, Kansas, Nebraska and South Dakota. The full list of banks, including First National’s ranking, is available on Money.com.
According to the publication, MONEY evaluated the largest 90 brick-and-mortar banks, 50 credit unions, and 15 online banks, as identified by bank consultancy firm Novantas. Bankrate.com, MONEY’s project partner, collected data on fees, interest rates, and account requirements for checking and savings accounts. Using Bankrate’s data, MONEY compared more than 800 accounts and 18,000 data points.
When selecting state winners, MONEY excluded checking accounts that required a minimum balance greater than $1,500 to either open the account or waive monthly fees. Priority was given to banks whose checking accounts had no (or easily waived) monthly fees and low or no ATM fees. MONEY also sought higher interest rates for checking and savings accounts. Additional factors included J.D. Power customer service ratings, when available, from the 2017 U.S. Retail Banking Satisfaction Study, geographic reach within a state, recent enforcement actions, and mobile app ratings in the iTunes and Google Play stores.
MONEY is a registered trademark of Time Inc. and is used under license. From MONEY Magazine, November 1, 2017. © 2017 Time Inc. Used under license. MONEY and Time Inc. are not affiliated with, and do not endorse products or services of, First National Bank of Omaha.