First National Bank of Crystal Falls Rates & Review

First National Bank of Crystal Falls review

First National Bank of Crystal Falls has been in business since 1934, and claims to be the largest independently owned and operated community bank in Iron County, Michigan. The bank's offices are located in Crystal, Michigan, and at two other locations.

Checking account options

The bank offers several checking account products, including a Banclub checking account that requires $20 to open and pays interest each month. Customers can also open a NOW Checking Account that is free of monthly service charges with a minimum balance of $400, and a Basic Non-Interest Checking Account that has no minimum monthly balance requirement. Municipalities needing checking with high balances can open a Super NOW Account with tiered interest rates.

Savings account options

The bank's Statement Savings Account requires a minimum balance of $100 to earn interest and a money market account that requires a minimum of $1,000 to earn interest. The savings account comparison chart allows customers to review account features.

CD accounts are available for terms ranging from 32 days to five years. CDs are also available for IRAs.

Loans and other services

First National Bank of Crystal Falls makes loans for customers to purchase an automobile or a recreational vehicle such as a boat or a snowmobile. Other loan products include debt consolidation loans, vacation loans, mortgages, lines of credit, and business and commercial loans.

ATM service is available throughout the county. Customers who want the option of doing their banking business online can enroll in Internet banking. Customers can also conduct transactions via telephone banking.

FDIC insurance

Deposits at First National Bank of Crystal Falls are FDIC-insured up to at least $250,000 per depositor.