First Citizens Bank Money Market Account Review

First Citizens Bank Money Market Account is offered by First Citizens Bank, a bank founded in 1898 and based in Raleigh, NC. First Citizens Bank Money Market Account is available in 19 states across the USA.

Are money market accounts from First Citizens Bank federally insured?

Yes, your First Citizens Bank money market accounts are insured up to $250,000 per person by the Federal Deposit Insurance Corporation (FDIC #11063). 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 Citizens Bank Money Market Account rates?

First Citizens Bank Money Market Account offers an APY starting at 0.01% and ranging up to 0.03% (APY stands for annual percentage yield, rates may change).

First Citizens Bank Money Market Account Rates and Terms

Rates	Amount
APY (Annualized Percentage Yield)	0.01% - 0.03%

What are the First Citizens Bank Money Market Account fees?

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

First Citizens Bank will charge you a $15 fee if you exceed your maximum number of monthly transactions.

Federal regulations limit the number of transactions you can make from your money market account to six per month.

First Citizens Bank Money Market Account Fees

Fees	Amount
Monthly Fee	up to $10
Paper Statement Fee	N/A
Excess Transaction Fee	$15

What is the minimum balance for First Citizens Bank Money Market Account?

Minimum initial deposit of $500. You must make an initial deposit of at least $500 to open this account.

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

What features and perks does First Citizens Bank Money Market Account offer?

This account includes the following features:

• Fraud monitoring - First Citizens Bank monitors transactions for potentially fraudulent activity.
• Mobile Banking Services - First Citizens Bank Money Market Account allows you to manage your money online.

How to open an account with First Citizens Bank

• Visit the First Citizens 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.