Last Updated: 04/18/2025
First Premier Bank Money Market Account
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Last Updated: 04/18/2025
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Highlights
APY (Annual Percentage Yield)
0.01% - 0.12%(Verified 06/21/2024)
Disclaimer popup with additional information
Minimum Balance to Earn APY
$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 are available in 4 states.
Key Takeaways
- Very high annual percentage yield (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.
- No monthly maintenance fees. This account does not charge any monthly account fees.
- $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
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First Premier Bank Money Market Account FAQ
Are money market accounts from First Premier 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 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).
| 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.
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| Monthly Service Fee | $0 | ||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
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 account 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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