Last Updated: 01/21/2026
mph.bank First Account
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Last Updated: 01/21/2026
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Highlights
Welcome Offer
N/A
Cashback Rewards
N/A
APY (Annual Percentage Yield)
Up to 3%(Verified 06/21/2024)
Disclaimer popup with additional information
Monthly Service Fee
$0(Verified 01/21/2026)
mph.bank First Account Review
The mph.bank First Account is offered by Liberty Savings Bank, a bank founded in 1889 and based in Wilmington, OH. First Account is available in 50 states and Washington, DC.
Key Takeaways
- Unlimited high-interest goals accounts. All-in-one checking & savings account featuring unlimited Goals that earn 3.00% APY on all balances, with or without direct deposit.
- Parents can determine debit card, mobile deposit limits, funds transfer, and Zelle peer-to-peer payments for students. Students can determine debit card, mobile deposit limits, funds transfer, and Zelle peer-to-peer payments when they turn 18.
- Up to 3% annual percentage yield (APY). This account offers an annual percentage yield of up to 3%, which is much higher than the average for the checking accounts that we track (see terms and conditions for more details).
- Supports joint accounts. This allows two people to have equal authority over the management of an account.
- No monthly maintenance fees. This account does not charge any monthly account fees.
- No ATM fees. mph.bank First Account does not charge fees on ATM transactions .
- Early direct deposit. You could have access to you paycheck funds faster if you set up a direct deposit to this account.
First Account Pros & Cons
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First Account FAQ
Are checking accounts from Liberty Savings Bank federally insured?
Yes, your deposits are insured by the Federal Deposit Insurance Corporation (FDIC). The FDIC is an independent agency of the United States government that protects you against the loss of your insured deposits if an FDIC-insured bank or savings association fails. FDIC insurance is backed by the full faith and credit of the United States government.
What APY does First Account offer?
First Account offers an APY up to 3% (APY stands for annual percentage yield, rates may change).
Goals accounts earn 3.00% APY (APY stands for Annual Percentage Yield). All deposit products are provided by, and mph.bank is a brand of, Liberty Savings Bank, F.S.B. Member FDIC.What are the account minimums for First Account?
First Account requires a minimum initial deposit of $25.
| Description | |||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
| Minimum Opening Deposit | $25 | ||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
| Minimum Direct Deposit to Earn APY | $2,000 | ||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
What fees does First Account charge?
The good news is that this account does not have a monthly Service Charge.
| Description | |||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
| Monthly Service Fee | $0 | ||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
What features and perks does First Account offer?
This account includes the following features:
- Check images with statement - Reconciling your accounts and complying with document retention standards is easier when you have access to a copy of your checks.
- Fraud monitoring - First Account monitors transactions for potentially unauthorized activity, such as when a debit card is unexpectedly used in a different location or you make a sudden string of costly purchases.
- Eligible for early pay - If you set up an eligible direct deposit with your employer, you may be able to collect your paycheck up to two days early.
- Mobile Banking Services - First Account allows you to manage your money online or with a mobile app. This includes depositing checks1 in your account with a mobile app on your smartphone.
- Nationwide ATM network - Conveniently transact at a nearby ATM.
What is the customer support email for First Account?
The customer support email for First Account is customerservice@loanadministration.com.
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Hours of Operation
Sunday
Closed
Monday
9:00AM - 4:00PM
Tuesday
9:00AM - 4:00PM
Wednesday
9:00AM - 4:00PM
Thursday
9:00AM - 4:00PM
Friday
9:00AM - 4:00PM
Saturday
9:00AM - 12:00PM