Last Updated: 04/18/2025
1st Bank New Orleans High Yield Money Market
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Last Updated: 04/18/2025
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Highlights
APY (Annual Percentage Yield)
.20% - .45%(Verified 06/21/2024)
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Minimum Balance to Earn APY
N/A
Minimum Opening Deposit
Starting at $50,000
1st Bank New Orleans High Yield Money Market Review
1st Bank New Orleans High Yield Money Market is offered by First Bank and Trust of New Orleans, a bank founded in 1991 and based in New Orleans, LA. 1st Bank New Orleans High Yield Money Market are available in 3 states.
Key Takeaways
- Very high annual percentage yield (APY). This account offers an annual percentage yield of up to .45%, which is much higher than the national average for a money market account.
- Charges a monthly fee. This account charges a monthly fee of up to $20, but the fee may be waived if you keep a minimum balance of$50,000.
- High minumum opening deposit. You must deposit a minimum of $50,000, which is high compared to most money market accounts.
Pros & Cons of 1st Bank New Orleans High Yield Money Market
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1st Bank New Orleans High Yield Money Market FAQ
Are money market accounts from First Bank and Trust of New Orleans 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 1st Bank New Orleans High Yield Money Market rates?
1st Bank New Orleans High Yield Money Market offers an APY starting at .20% and ranging up to .45% (APY stands for annual percentage yield, rates may change).
| Rates | Amount |
| APY (Annualized Percentage Yield) | .20% - .45% |
What are the fees for 1st Bank New Orleans High Yield Money Market?
This account charges a monthly maintenance fee of up to $20. You can avoid this fee by maintaining a balance of $50,000.| Description | |||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
| Monthly Service Fee | $0 - $20 | ||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
| Paper Statement Fee | Starting at $3 | ||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
| NSF Fee | $35 | ||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
What is the minimum balance for 1st Bank New Orleans High Yield Money Market?
Minimum deposit of $50,000. You must make an initial deposit of at least $50,000 to open this account.
Monthly maintenance fee waiver. You can avoid the monthly fee if you keep a balance of $50,000.
What features and perks does 1st Bank New Orleans High Yield Money Market offer?
This account includes the following features:
- ATM reimbursement - This account will reimburse you for the ATM fees charged by other networks.
- Fraud monitoring - First Bank and Trust of New Orleans monitors transactions for potentially fraudulent activity.
- Mobile Banking Services - 1st Bank New Orleans High Yield Money Market allows you to manage your money through online banking and a dedicated mobile app.
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 gblossman@fbtonline.com.
How to open an account with First Bank and Trust of New Orleans
- Visit the First Bank and Trust of New Orleans 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
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
Closed