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Regular Personal Checking

There is a minimum deposit of $100.00 to open a Regular Personal Checking account and a $4.00 maintenance fee will be imposed if your average ledger balance is less than $500.00 for the statement cycle. This fee does not apply to senior citizens. You enjoy unlimited check writing and your checks are imaged and printed on pre-punched paper, ready to be filed in a three ring binder along with your monthly statement.

Checking Account

PAY-C Checking

This is a great account for our younger depositors. You only need a $50.00 deposit to open the account and there is no maintenance fee. A check charge fee of $6.25 or $7.50 will be charged for each pad of checks depending on style. You still have unlimited check writing and receive your check images printed on pre-punched paper, ready to be filed in a three ring binder along with your monthly statement.

NOW Checking

If you normally keep a higher balance in your checking account and want those funds to earn interest, our NOW account is for you. There is no maintenance fee as long as you maintain a minimum balance of $1500.00. The maintenance fee is only $3.00 if you do fall below the minimum with a $.15 per withdrawal fee for each debit transaction (withdrawal, check paid, automatic transfer, or payment out of this account). You enjoy unlimited check writing and your checks are imaged and printed on pre-punched paper, ready to be filed in a three ring binder along with your monthly statement. For current interest rates, click here.

Health Savings NOW Checking

If you have a High Deductible Health Plan (HDHP) you may be eligible to open a Health Savings NOW Checking with a minimum deposit of $5.00. Interest will be compounded monthly and there is a $4.00 maintenance fee per statement cycle. Consult your tax advisor to determine eligibility. For current interest rates, click here.

Deluxe Personal Check Reorder - Reordering checks from First National Bank in Philip couldn't be easier. It is convenient and saves time. Order your checks on the Deluxe Personal Check Reorder Web site today. For security reasons, Deluxe has restricted this service to orders that do not have any name or address changes. Also, you must provide the next starting check number, which can be found on your check reorder form. If you have name or address changes or you do not know the starting check number for your reorder, please mail or bring your check order in to First National Bank in Philip and we will process it for you.  Click here to reorder now.

Deluxe Reorder Image


Our Regular Savings account can be opened with as little as $25.00. Your money is available to you whenever you need it. Our Savings account offers a competitive rate and the interest is compounded quarterly. For current interest rates, click here.

Cash and Calculator

CMA – Cash Management Account

A money market account with a tiered rate structure that increases as the balance in the account increases. Interest is compounded and credited monthly. A $2500.00 minimum opening deposit is required. There is no maintenance fee. Up to six withdrawals or transfers are allowed per statement. Unlimited deposits and unlimited withdrawals in person. As with our checking accounts, your checks are imaged and printed on pre-punched paper, ready to be filed in a three ring binder along with your monthly statement. For current interest rates, click here.

Certificates of Deposit

If you’re looking for a higher return on your money than Savings accounts offer, then a Certificate of Deposit may be right for you. First National Bank offers CD’s with terms as short as 3 months or as long as 4 years. There is a minimum opening deposit of $1,000.00 for all Certificates of Deposit. For current interest rates, click here.

Individual Retirement Accounts (IRA)

Retirement planning must begin early in life if we want to be able to enjoy our golden years. Odds are pretty good that there won’t be enough government or pension savings when it is your turn to retire. If you are under age 70 ½ for the entire tax year and receive a salary or wages as an employee you are eligible to establish an IRA. IRA accounts can be opened any time between January 1, and the date your tax return is due for the year, excluding extensions. When you open an IRA, you pay no taxes on the interest until the money is withdrawn, usually after retirement. This allows your money to grow much faster than in taxable accounts. For some people, IRA deposits are tax deductible. Consult your tax advisor for tax deduction eligibility. First National Bank offers a variable rate 12 month Certificate of Deposit IRA. There is a $5.00 minimum to open the account and you may have an unlimited number of deposits and withdrawals. For current interest rates, click here.

At First National Bank, meeting your financial needs is our most important objective. When you have a need for a loan, our Full Service Bank can provide the funds for any worthwhile purpose. Almost everyone needs a loan at one time or another… for a car, a piece of equipment, a vacation, education or a business venture. No matter what your reason for borrowing we will listen to your individual needs and do our best to provide you with financing… quickly, fairly, and confidentially.

Automobile Loans

Let us put you in the driver’s seat of a new or used car with an automobile loan. New car loans are generally available for up to five years, and used car loans up to four years. Click here to find NADA values.


Recreational Vehicles

If a fun-time is on your wish list, we’ll do our best to make that wish come true. Come to us for financing for a boat, motorcycle, snowmobile, motor home, ATV or travel trailer.

Personal Needs

When you need cash for a vacation, furniture, or other personal expenses, we’ll listen to your needs, consider your financial status, and adjust the terms to fit your situation.

Ready Reserve

Ready Reserve is a protection line of credit connected to your checking account to cover you should your account go below zero.

CD Loans

A loan secured by your certificate of deposit with us can be made for 2% above the rate you are earning.

iHelp Student Loans

iHELP Private Student Loan for First National Bank in Philip

There are many ways to pay for the cost of a higher education. After considering all your federal loans, scholarships and grants you may still have a gap you need to cover to pay your total college costs.

First National Bank in Philip works with the iHELP Student Loan program to provide you an attractive private student loan that can help you to cover that gap.

  • Competitive interest rates
  • No origination or repayment fees
  • Flexible repayment options
  • Easy to apply and responsive customer service

iHELP helps to meet your financing needs for college.

Important: Applying with a cosigner may help you to qualify for the loan and possibly receive a lower interest rate.

Click here to learn more and apply

iHelp Apply Now

Get Your Free Annual Credit Report Online

Under the Fair and Accurate Credit Transactions Act (FACT Act) consumers can request and obtain a free credit report once every 12 months from each of the three nationwide consumer credit reporting companies. Monitoring and periodically reviewing your credit report is an effective tool in fighting identity theft.