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First nationwide Bank of America (FNBA) is a brick-and-mortar bank with a few banking choices for customers and small enterprises. Its certificates of deposit (CDs) and high-yield checking account are offered to consumers nationwide, while its other checking and cost savings items are just open to Michigan residents.

Headquartered in East Lansing, Michigan, the lender started its doorways in 1955 and started expanding last year. Element of that expansion included opening two more branches in Michigan. Now with more than 2.6 billion in assets, the lender continues to be a family-owned operation and serves residents through the entire state.

Here’s a better consider First nationwide Bank of America and exactly how its customer banking services and products compare well against similar banking institutions.

Cost Savings

First nationwide Bank of America provides three savings accounts that are different. Included in these are its High give family savings, its Statement checking account as well as its wellness checking account (HSA), made for spending less for future medical costs. Its Statement checking account and Health checking account are merely open to residents of Michigan, while its High give family savings can be acquired to savers nationwide.

At the time of 18, 2020, the High Yield Savings Account pays 0.65% APY november. There’s a $1,000 minimum opening requirement and a $1 million optimum funding restriction.

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