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California First National Bank VS North American Savings Bank

Which bank is better for you?

  • Financial Rates: 5.0 Star Icon
  • Customer Service: 3.0 Star Icon
  • Website Experience: 5.0 Star Icon
  • Bank Fees: 3.0 Star Icon
0.25%APY
Savings/MMA
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Pros:

  • Reimbursement of ATM fees
  • Competitive interest rates on accounts
  • Interest rates are not tiered
  • Free first order of checks with checking

Cons:

  • Not a wide variety of accounts
  • High opening required amounts
  • Accounts have monthly fees
  • Not all CDs offer competitive rates
  • Financial Rates: 4.0 Star Icon
  • Customer Service: 5.0 Star Icon
  • Website Experience: 5.0 Star Icon
  • Bank Fees: 4.0 Star Icon
No Rate Information
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Pros:

  • Variety of personal deposit accounts
  • Low opening required amounts
  • Competitive interest rates
  • Online and mobile banking

Cons:

  • Accounts have monthly fees
  • Tiered interest rates on accounts
  • Cannot open all accounts online
  • No business accounts offered
California First National Bank Review

You can withdraw money from any ATMs with the specific “Plus” logo. If you withdraw money from another ATM, you are reimbursed for the fees charged. CalFirst will reimburse up to $6.00 each statement cycle in ATM fees.

Most CalFirst accounts offer competitive interest rates. The interest rates are not tiered, so you earn the highest rates offered on any balance in the account. Interest is paid monthly on the actual daily balance.

The interest rates for CalFirst accounts are not tiered. Any amount you have in their accounts earns the competitive interest rates. You do not have to have a certain amount in the account to earn the most competitive rates.

The first order of checks is free when you open an interest checking account. You get an ATM card when you open an interest checking account. Free online bill pay comes with each CalFirst checking account opened.

CalFirst does not have a wide variety of accounts. No business accounts are available, only personal deposit accounts. One money market account and savings account are available. There is an interest checking and one regular checking account. CalFirst only offers five different CD terms.

CalFirst accounts have high opening amounts. The money market account and CDs require $5,000 to open. The interest checking account requires $2,500 to open. The savings account and regular checking account both require $1,000 to open.

The accounts at CalFirst all have a monthly fee. The fees range from $10 to $20 a month, depending on the account you open. Waive the fee by keeping a set amount in CalFirst accounts. You can also have a combined balance between a variety of CalFirst accounts.

Not all the CD terms offer competitive rates. The most competitive rates are the three-month, six-month, and the one-year terms. The two-year and three-year terms have interest rates much lower than the other terms. Regular CDs require $5,000 to open. The IRA CDs require $2,000 to open. The only fees are if you withdraw the money before the maturity date.

Read the full California First National Bank review.

North American Savings Bank Review

NASB offers a variety of personal deposit accounts. They offer a free, student, and interest-earning checking account. A variety of savings accounts are available as well. They offer student savings, stepping stone savings account, and a premier account. Their CD terms range from six months to 120-month terms.

Most NASB accounts have low opening required amounts. Most of the savings accounts require $25 to $500 to open. The performance savings account does require $5,000 to open. Most of the checking accounts require $50 to $1,000 to open. The money market account and CDs have higher opening required amounts. They require $1,000 to $5,000 to open.

Most NASB accounts offer competitive interest rates. The rates are competitive with other online accounts. The rates are higher than typical bank rates. Two checking accounts earn interest. Those rates are higher than typical bank rates, but not competitive with online checking accounts.

All NASB accounts offer online and mobile banking. With mobile banking, you can deposit checks, transfer funds, and see account balances. You can pay bills through online or mobile banking. With the mobile app, you can access NASB’s personal finance management tool.

North American Savings Bank accounts have monthly maintenance fees. The fees for each account are $7.50 a month. To waive the fees, you must keep a set account balance. Those balances range from $100 to $15,000 depending on the account.

Most all NASB accounts have tiered interest rates, even the CDs. To earn the most competitive interest rates requires a high account balance. To earn the most competitive rates for CDs requires $5,000 to $10,000. The checking account requires $2,500. The money market account requires $50,000 to earn the best rate. The savings accounts require $50,000 to $75,000 to earn the most competitive rate.

Not all NASB accounts are able to be opened online. Some accounts require visiting a branch location to open. North American Savings Bank offers special online accounts and in-branch accounts. Their website makes it easy to see which accounts are online and which are in-branch accounts.

North American Savings Bank does not offer business deposit accounts. They offer commercial lending options and construction and development loans. NASB only offers personal deposit accounts. Those accounts include savings, money market, and checking accounts, as well as CDs.

Read the full North American Savings Bank review.

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