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.

• Low APY. The maximum annual percentage yield for this account is only 0.03.
• 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.
• $500 minimum deposit. This is a typical minimum initial deposit, but there are accounts that require a smaller initial deposit.

Pros	Cons
Does not offer mobile check deposits. No charge on incoming domestic or international wire transfers.	No signup bonus. Does not provide a debit card. Only available in 19 states. Monthly service charge.

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 interest rates for First Citizens Bank money market rates?

First Citizens Bank money market 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 Rates and Terms

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

What are the fees for First Citizens Bank Money Market Account?

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.

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?

Minimum deposit of $500. You must make an initial deposit of at least $500 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 Citizens Bank money market 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 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 business card is (888) 323-4732.

What is the support contact email?

The support contact email for this business credit card is fcbsocial@firstcitizens.com.

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.