Last Updated: 04/18/2025
First Citizens Bank Money Market Account
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Last Updated: 04/18/2025
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Highlights
APY (Annual Percentage Yield)
0.05% - 0.15%(Verified 06/21/2024)
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Minimum Balance to Earn APY
$0
Minimum Opening Deposit
Starting at $500
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 are available in 19 states.
Key Takeaways
- Very high annual percentage yield (APY). This account offers an annual percentage yield of up to 0.15%, which is much higher than the national average for a money market account.
- 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 fee of up to $10, but the fee may be 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 of First Citizens Bank Money Market Account
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First Citizens Bank Money Market Account FAQ
Are money market accounts from First Citizens Bank 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 First Citizens Bank money market rates?
First Citizens Bank money market offers an APY starting at 0.05% and ranging up to 0.15% (APY stands for annual percentage yield, rates may change).
| Rates | Amount |
| APY (Annualized Percentage Yield) | 0.05% - 0.15% |
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.| Description | |||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
| Monthly Service Fee | $0 - $10 | ||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
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 account is (888) 323-4732.
What is the support contact email?
The support contact email for this business credit card is fcdirect@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.
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Hours of Operation
Sunday
7:00AM - 11:00PM
Monday
7:00AM - 11:00PM
Tuesday
7:00AM - 11:00PM
Wednesday
7:00AM - 11:00PM
Thursday
7:00AM - 11:00PM
Friday
7:00AM - 11:00PM
Saturday
7:00AM - 11:00PM