Last Updated: 04/18/2025
First Bank and Trust Company Money Market
Unaffiliated
Last Updated: 04/18/2025
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Highlights
APY (Annual Percentage Yield)
0.05% - 0.25%(Verified 06/21/2024)
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Minimum Balance to Earn APY
$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 are available in 2 states.
Key Takeaways
- Very high annual percentage yield (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.
- No monthly maintenance fees. This account does not charge any monthly account fees.
- High minumum opening 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
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First Bank and Trust Company Money Market FAQ
Are money market accounts from First Bank & Trust Company 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 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.
| 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.
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| Monthly Service Fee | $0 | ||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
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 account 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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Hours of Operation
Sunday
Closed
Monday
8:30AM - 5:00PM
Tuesday
8:30AM - 5:00PM
Wednesday
8:30AM - 5:00PM
Thursday
8:30AM - 5:00PM
Friday
8:30AM - 6:00PM
Saturday
8:30AM - 1:00PM