Money Market Savings
Your savings matters to you—it’s what you rely on when you want to plan a vacation, fix your car, pay for college, or make a down payment on a big purchase, such as a house or leisure item. That’s why, instead of a regular savings account, you may wish to invest in a money market account. You’ll find that a money market account requires a higher minimum balance but can accrue more interest compared to other savings accounts. With a money market savings account from The First, you earn tiered interest paid at money market rates.
Maintain a daily minimum balance of $2500
- FREE Online Banking
- Unlimited cash withdrawals
- Six transfers per month
- Tiered interest rates
- Apply Online for a Money Market Savings Account
Open Online
What does higher interest mean for you? It means a higher return on your investment. In other words, you make money simply by keeping a balance in your account. But that’s not all. An additional benefit to a money market account is you’ll be able to access funds easily and quickly when you need them. We also offer unlimited cash withdrawals at the teller window and six transfers per month. That’s more than a lot of standard savings accounts offer.
Statement Savings | Money Market Savings | Kids First Savings | Holiday | Special Purpose | IRA | |
|---|---|---|---|---|---|---|
| Earns Interest | ||||||
| **ATM Card | ||||||
| Minimum Balance to Open | $1.00 | $1.00 | $1.00 | $5.00 | $5.00 | $25.00 |
| Minimum Balance to Earn Interest | $100.00 | $2,500.00 | $50.00 | $5.00 | $5.00 | $25.00 |
| Free Online Banking | ||||||
| Interest Paid | Monthly | Monthly | Credited Monthly | Yearly | At end of Term | Monthly |
| Fees | **$1.00 per month per card | |||||
| Service Charge if Below Minimum | $3.00 if minimum balance is not maintained. | $5.00 if minimum balance is not maintained. Allowed 6 Transfers per month. | ||||
| Open Online | Open Online | Learn More | Open Online | Open Online | Learn More |