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  First Bank and Trust of New Orleans High Yield Money Market

First Bank and Trust of New Orleans High Yield Money Market

in Money Market Accounts from First Bank and Trust of New Orleans · Member fdic

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First Bank and Trust of New Orleans High Yield Money Market

Unaffiliated

in Money Market Accounts from First Bank and Trust of New Orleans · Member FDIC

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Highlights
APY (Annual Percentage Yield) 0.20% - 0.45%
APY Minimum Balance N/A
Minimum Opening Deposit Starting at $50,000

First Bank and Trust of New Orleans High Yield Money Market Review

First Bank and Trust of 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. First Bank and Trust of New Orleans High Yield Money Market is available in 3 states across the USA.

First Bank and Trust of New Orleans High Yield Money Market FAQ

Are money market accounts from First Bank and Trust of New Orleans federally insured?

Yes, your First Bank and Trust of New Orleans 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 of New Orleans High Yield Money Market rates?

First Bank and Trust of 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).

First Bank and Trust of New Orleans High Yield Money Market Rates and Terms
Rates Amount
APY (Annualized Percentage Yield) .20% - .45%

What are the First Bank and Trust of New Orleans High Yield Money Market fees?

This account charges a monthly maintenance fee of up to $20. You can avoid this fee by maintaining a balance of $50,000.

First Bank and Trust of New Orleans will charge you a $15 fee if you exceed your maximum number of monthly transactions.

First Bank and Trust of New Orleans 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 of New Orleans High Yield Money Market Fees
Fees Amount
Monthly Fee up to $20
Paper Statement Fee $3
Excess Transaction Fee $15

What is the minimum balance for First Bank and Trust of New Orleans High Yield Money Market?

Minimum initial deposit of $50,000. You must make an initial deposit of at least $50,000 to open this account.

Monthly maintenance minimum balance of $50,000. You can avoid the monthly fee if you keep a minimum balance $50,000.

What features and perks does First Bank and Trust of 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 - First Bank and Trust of New Orleans High Yield Money Market allows you to manage your money online.

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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Availability

  Available in 3 states
  • Florida
  • Louisiana
  • Mississippi

Feature Breakdown

Minimum Balance to Avoid Monthly Fee $50,000
Minimum Opening Deposit Starting at $50,000
Monthly Fee $0 - $20
NSF Fee $35
Paper Statement Fee $3
Bank Account Features
  • FDIC Member
  • Branch Access
  • Debit Card
  • Fraud Protection
  • Fraud Monitoring
  • Mobile Banking
  • ATM Reimbursement
  • Interest Bearing Account
APY (Annual Percentage Yield) 0.20% - 0.45%
Dividend Compounding Frequency Daily
Dividend Payout Frequency Monthly
Dividend Rate 0.20% - 0.45%

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First Bank and Trust of New Orleans Money Market Accounts

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