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  First Premier Bank Money Market Account

First Premier Bank Money Market Account

in Money Market Accounts from First Premier Bank · fdic

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First Premier Bank Money Market Account

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in Money Market Accounts from First Premier Bank · Member FDIC

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Highlights
APY (Annual Percentage Yield) 0.01% - 0.12%
APY Minimum Balance $0
Minimum Opening Deposit Starting at $500

First Premier Bank Money Market Account Review

First Premier Bank Money Market Account is offered by First Premier Bank, a bank founded in 1999 and based in Sioux Falls, SD. First Premier Bank Money Market Account is available in 4 states across the USA.

Key Takeaways
  • Very high APY. This account offers an annual percentage yield of up to 0.12%, 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.
  • $0 monthly fee. This account does not charge a monthly Service Charge.
  • $500 minimum deposit. This is a typical minimum initial deposit, but there are accounts that require a smaller initial deposit.
Pros & Cons of First Premier Bank Money Market Account
Pros Cons
  • High-interest yield.
  • Does not offer mobile check deposits.
  • Access to physical branches.
  • No charge on incoming domestic or international wire transfers.
  • No signup bonus.
  • Does not provide a debit card.
  • Only available in 4 states.
First Premier Bank Money Market Account FAQ

Are money market accounts from First Premier Bank federally insured?

Yes, your First Premier Bank money market accounts are insured up to $250,000 per person by the Federal Deposit Insurance Corporation (FDIC #6085). 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 Premier Bank money market rates?

First Premier Bank money market offers an APY starting at 0.01% and ranging up to 0.12% (APY stands for annual percentage yield, rates may change).

First Premier Bank money market Rates and Terms
Rates Amount
APY (Annualized Percentage Yield) 0.01% - 0.12%

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

First Premier Bank Money Market Account does not charge a monthly maintenance fee.

First Premier Bank will charge you a $1 fee if you exceed your maximum number of monthly transactions.

First Premier Bank Money Market Account Fees
Fees Amount
Monthly Fee $0
Paper Statement Fee N/A
Excess Transaction Fee $1

What is the minimum balance for First Premier Bank money market?

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

What features and perks does First Premier Bank money market offer?

This account includes the following features:

  • Check Writing - First Premier Bank money market includes check writing privileges. This is convenient method to pay bills and transfer money from your account.
  • Fraud monitoring - First Premier Bank monitors transactions for potentially fraudulent activity.
  • Mobile Banking Services - First Premier 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 (605) 357-3000.

What is the support contact email?

The support contact email for this business credit card is customercare@firstpremier.com.

How to open an account with First Premier Bank

  • Visit the First Premier 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.

Availability

  Available in 4 states
  • Iowa
  • Minnesota
  • Nebraska
  • South Dakota

Feature Breakdown

APY Minimum Balance $0
Minimum Balance to Avoid Monthly Fee Starting at $0
Minimum Opening Deposit Starting at $500
Monthly Fee $0
Account Features
  • No ATM Fees
  • Free Bill Pay
  • No Monthly Maintenance Fee
  • Interest Bearing Account
  • Mobile Banking
  • Fraud Monitoring
  • Fraud Protection
  • Branch Access
  • Member FDIC
  • Check Writing
APY (Annual Percentage Yield) 0.01% - 0.12%

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