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.

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 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 First Bank and Trust Company Money Market fees?

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 transactions per month. That is also the maximum set by federal regulations for money market accounts.

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 initial 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 online. 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.

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.