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  First Bank and Trust Company Money Market

First Bank and Trust Company Money Market

in Money Market Accounts from First Bank & Trust Company · fdic

Unaffiliated

First Bank and Trust Company Money Market

Unaffiliated

in Money Market Accounts from First Bank & Trust Company · Member FDIC

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Highlights
APY (Annual Percentage Yield) 0.05% - 0.25%
APY Minimum Balance $1,500
Minimum Opening Deposit Starting at $2,500

First Bank and Trust Company Money Market Review

First Bank and Trust Company Money Market is offered by First Bank & Trust Company, a bank founded in 1979 and based in Abingdon, VA. First Bank and Trust Company Money Market is available in 2 states across the USA.

Key Takeaways
  • Very high APY. This account offers an annual percentage yield of up to 0.25%, which is much higher than the national average for a money market account.However, you must keep a minimum balance of $1500.
  • $0 monthly fee. This account does not charge a monthly Service Charge.
  • High minumum deposit. You must deposit a minimum of $2,500, which is high compared to most money market accounts.
Pros & Cons of First Bank and Trust Company Money Market
Pros Cons
  • High-interest yield.
  • Access to physical branches.
  • Access to a nationwide network of ATMs.
  • No charge on incoming domestic or international wire transfers.
  • Deposit checks remotely.
  • No signup bonus.
  • Does not provide a debit card.
  • Only available in 2 states.
First Bank and Trust Company Money Market FAQ

Are money market accounts from First Bank & Trust Company federally insured?

Yes, your First Bank & Trust Company money market accounts are insured up to $250,000 per person 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 are the interest rates for First Bank and Trust Company Money Market rates?

First Bank and Trust Company Money Market offers an APY starting at 0.05% and ranging up to 0.25% (APY stands for annual percentage yield, rates may change). However, to earn interest you must keep a minimum balance of $1500.

First Bank and Trust Company Money Market Rates and Terms
Rates Amount
APY (Annualized Percentage Yield) 0.05% - 0.25%

What are the fees for First Bank and Trust Company Money Market?

First Bank and Trust Company Money Market does not charge a monthly maintenance fee.

First Bank & Trust Company will charge you a $10 fee if you exceed your maximum number of monthly transactions.

First Bank & Trust Company will allow you to make up to 6 withdrawals or transactionss per month. That is also the maximum set by federal regulations.
First Bank and Trust Company Money Market Fees
Fees Amount
Monthly Fee $0
Paper Statement Fee N/A
Excess Transaction Fee $10

What is the minimum balance for First Bank and Trust Company Money Market?

Minimum deposit of $2,500. You must make an initial deposit of at least $2,500 to open this account.

Interest rate minimum balance of $1,500. You must keep the account balance above $1,500 to earn interest.

What features and perks does First Bank and Trust Company Money Market offer?

This account includes the following features:

  • Fraud monitoring - First Bank & Trust Company monitors transactions for potentially fraudulent activity.
  • Mobile Banking Services - First Bank and Trust Company Money Market allows you to manage your money through online banking and a dedicated mobile app. This includes depositing checks in your account with your smartphone.
  • Nationwide ATM network - First Bank and Trust Company Money Market allows you to access your money from an ATM, a convenient feature only a few offer.

What is the customer service phone number?

The customer service number for this business card is .

What is the support contact email?

The support contact email for this business credit card is info@firstbank.com.

How to open an account with First Bank & Trust Company

  • Visit the First Bank & Trust Company 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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Editorial Disclaimer: Editorial and user-generated content on this page is not provided or commissioned by the issuer. Opinions expressed here are the author’s alone and have not been approved or otherwise endorsed by any financial institution, including those that are advertising partners.

Availability

  Available in 2 states
  • Tennessee
  • Virginia

Feature Breakdown

APY Minimum Balance $1,500
Minimum Opening Deposit Starting at $2,500
Monthly Fee $0
Account Features
  • Mobile Check Deposit
  • No Monthly Maintenance Fee
  • Interest Bearing Account
  • Nationwide ATM Network
  • Mobile Banking
  • Fraud Monitoring
  • Fraud Protection
  • Branch Access
  • Member FDIC
APY (Annual Percentage Yield) 0.05% - 0.25%
Dividend Compounding Frequency Daily
Dividend Payout Frequency Quarterly

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