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  FB&T Money Market Account

FB&T Money Market Account

in Money Market Accounts from FB&T · fdic

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FB&T Money Market Account

Unaffiliated

in Money Market Accounts from FB&T · Member FDIC

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Highlights
APY (Annual Percentage Yield) 0.25% - 0.35%
APY Minimum Balance N/A
Minimum Opening Deposit Starting at $100

FB&T Money Market Account Review

FB&T Money Market Account is offered by FB&T, a bank founded in 1934 and based in Perry, OK. FB&T Money Market Account is available in 1 state across the USA.

Key Takeaways
  • Very high APY. This account offers an annual percentage yield of up to 0.35%, which is much higher than the national average for a money market account.
  • No APY minimum balance. There is no minimum amount you have to deposit to start earning interest with this money market account.
  • Small minimum initial deposit. You only need $100 to open an account.
Pros & Cons of FB&T Money Market Account
Pros Cons
  • High-interest yield.
  • Does not offer mobile check deposits.
  • Access to physical branches.
  • No charge on incoming domestic or international wire transfers.
  • No signup bonus.
  • Does not provide a debit card.
  • Only available in one state.
FB&T Money Market Account FAQ

Are money market accounts from FB&T federally insured?

Yes, your FB&T money market accounts are insured up to $250,000 per person by the Federal Deposit Insurance Corporation (FDIC #13946). 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 are the interest rates for First Bank and Trust money market rates?

First Bank and Trust money market offers an APY starting at 0.25% and ranging up to 0.35% (APY stands for annual percentage yield, rates may change).

First Bank and Trust money market Rates and Terms
Rates Amount
APY (Annualized Percentage Yield) 0.25% - 0.35%

What are the fees for FB&T Money Market Account?

FB&T Money Market Account does not charge a monthly maintenance fee.

FB&T Money Market Account Fees
Fees Amount
Monthly Fee N/A
Paper Statement Fee N/A

What is the minimum balance for First Bank and Trust money market?

Minimum deposit of $100. You must make an initial deposit of at least $100 to open this account.

What features and perks does First Bank and Trust money market offer?

This account includes the following features:

  • Fraud monitoring - FB&T monitors transactions for potentially fraudulent activity.
  • Mobile Banking Services - First Bank and Trust money market allows you to manage your money through online banking and a dedicated mobile app.

How to open an account with FB&T

  • Visit the FB&T website.
  • Fill in the application form. You will typically need to provide general financial information, such as your name, Social Security Number and address.
  • Check the information is accurate and submit your application.
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Availability

  Available in 1 state
Oklahoma
Availabile in all of Oklahoma

Feature Breakdown

Minimum Opening Deposit Starting at $100
Account Features
  • Interest Bearing Account
  • Mobile Banking
  • Fraud Monitoring
  • Fraud Protection
  • Branch Access
  • Member FDIC
  • Teen Checking Account
  • Student Checking Account
APY (Annual Percentage Yield) 0.25% - 0.35%
Dividend Compounding Frequency Daily
Dividend Payout Frequency Monthly
Dividend Rate 0.25% - 0.35%

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