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Savings Accounts are a safe place to invest your funds and keep them in a readily accessible account while earning a competitive rate of interest.
With a $50.00 minimum deposit to open, you could start saving today. Maintain the required minimum daily balance of $50.00 and the bank will waive the quarterly maintenance fee. If the balance falls below $50.00 any day of the quarterly statement cycle, a $5.00 maintenance will be assessed.
Transfers from a Savings account to another account or to third parties by preauthorized, automatic, or telephone transfers are limited to six per quarterly statement cycle with no more than three transfers by check, draft, debit card, or similar order to third parties. An excess debit fee of $2.00 will be charged for each item in excess of six during a quarter.
Interest will be compounded daily and credited to your account quarterly. The interest rate and annual percentage yield on your account may change at any time at our discretion. We use the daily balance method to calculate interest on your account. This method applies a daily periodic rate to the principal in the account each day. Interest begins to accrue on the business day you deposit noncash items (for example checks).
For FirstBank’s Young Savers or members of Camp Save-A-Lot, there is NO minimum opening deposit nor minimum balance requirement and no quarterly maintenance fee. (The excessive withdrawal fee still applies.)
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Money Market Accounts allow you to write checks on a very limited basis while earning a competitive interest rate based on tiered balances- the higher the balance, the higher the rate.
Money Market accounts are more flexible than Certificates of Deposit because there is no penalty for early withdrawal and the account permits investment for an unspecified period of time. Open this account with a $500.00 deposit, and maintain a $500.00 minimum daily balance to avoid a $5.00 monthly maintenance fee.
Interest will be compounded daily and credited to your account monthly. The interest rate and annual percentage yield on your account may change at any time at our discretion. We use the daily balance method to calculate interest on your account. This method applies a daily periodic rate to the principal in the account each day. Interest begins to accrue on the business day you deposit noncash items (for example checks).
Transfers from a Money Market account to another account or to third parties by preauthorized, automatic, or telephone transfers are limited to six per monthly statement cycle with no more than three by check, draft, debit card, or similar order to third parties. A fee of $5.00 will apply to each debit transaction
in excess of six during the statement cycle.
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Premier Money Market Accounts are designed for you if you maintain a higher than average account balance, but still want the flexibility of a money market account. This tiered balance account provides the opportunity for you to earn an excellent return on your short-term money. Open this account with a deposit of $10,000.00, and maintain a $10,000.00 minimum daily balance to avoid a $15.00 monthly maintenance fee.
Interest will be compounded daily and credited to your account monthly. The interest rate and annual percentage yield on your account may change at any time at our discretion. We use the daily balance method to calculate interest on your account. This method applies the daily periodic rate to the principal in the account each day. Interest begins to accrue on the business day you deposit noncash items (for example checks). You must maintain a minimum of $50,000.00 to earn interest on your account.
Transfers from a Money Market account to another account or to third parties by preauthorized, automatic, or telephone transfers are limited to six per monthly statement cycle with no more than three by check, draft, debit card, or similar order to third parties. A fee of $5.00 will apply to each debit transaction in excess of six during the statement cycle.
Other Features:
- Free FirstBank Online account access
- Free Telephone Banking
- Free first order of checks (printed by
FirstBank)
- ATM/Debit Card
- No fee travelers’ checks
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