First Bank Performance Money Market

Unaffiliated

in Money Market Accounts from First Bank · Member FDIC

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Highlights
APY (Annual Percentage Yield)	0.01% - 0.02%
Minimum Balance to Earn APY	$0
Minimum Opening Deposit	Starting at $100

First Bank Performance Money Market Review

First Bank Performance Money Market is offered by First Bank, a bank founded in 1906 and based in Creve Coeur, MO. First Bank Performance Money Market is available in 3 states across the USA.

Key Takeaways

Low APY. The maximum annual percentage yield for this account is only 0.02.
No APY minimum balance. There is no minimum amount you have to deposit to start earning interest with this money market account.
Charges a monthly fee. This account charges a monthly service fee of up to $10, but the fee is waived if you keep a minimum balance of $1,000.
Small minimum initial deposit. You only need $100 to open an account.

Pros & Cons of First Bank Performance Money Market

Pros	Cons
Does not offer mobile check deposits. Access to physical branches.	No signup bonus. Does not provide a debit card. Only available in 3 states. Monthly service charge.

First Bank Performance Money Market FAQ

Are money market accounts from First Bank federally insured?

Yes, this account is insured up to $250,000 per person by the Federal Deposit Insurance Corporation (FDIC #12229). 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 Performance Money Market rates?

First Bank Performance Money Market offers an APY starting at 0.01% and ranging up to 0.02% (APY stands for annual percentage yield, rates may change).

First Bank Performance Money Market Rates and Terms
Rates	Amount
APY (Annualized Percentage Yield)	0.01% - 0.02%

What are the fees for First Bank Performance Money Market?

This account charges a monthly maintenance fee of up to $10. You can avoid this fee by maintaining a balance of $1,000.

First Bank Performance Money Market Fees
Fees	Amount
Monthly Fee	up to $10
Paper Statement Fee	N/A

What is the minimum balance for First Bank Performance Money Market?

Minimum deposit of $100. You must make an initial deposit of at least $100 to open this account.

Monthly maintenance fee waiver. You can avoid the monthly fee if you keep a balance of $1,000.

What features and perks does First Bank Performance Money Market offer?

This account includes the following features:

Fraud monitoring - First Bank monitors transactions for potentially fraudulent activity.
Mobile Banking Services - First Bank Performance Money Market allows you to manage your money through online banking and a dedicated mobile app.

How to open an account with First Bank

Visit the First Bank 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.