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  FirstBank Money Market Savings

FirstBank Money Market Savings

in Money Market Accounts from FirstBank · fdic

Unaffiliated

FirstBank Money Market Savings

Unaffiliated

in Money Market Accounts from FirstBank · Member FDIC

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Highlights
APY (Annual Percentage Yield) 0.01% - 0.03%
APY Minimum Balance $0.01
Minimum Opening Deposit Starting at $1,000

FirstBank Money Market Savings Review

FirstBank Money Market Savings is offered by FirstBank, a bank founded in 1963 and based in Lakewood, CO. FirstBank Money Market Savings is available in 3 states across the USA.

Key Takeaways
  • Low APY. The maximum annual percentage yield for this account is only 0.03.
  • 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.
  • $1,000 minimum deposit. This is a typical minimum initial deposit, but there are accounts that require a smaller initial deposit.
Pros & Cons of FirstBank Money Market Savings
Pros Cons
  • Access to physical branches.
  • Free debit card
  • No charge on incoming domestic or international wire transfers.
  • Deposit checks remotely.
  • No signup bonus.
  • Only available in 3 states.
  • Monthly service charge.
FirstBank Money Market Savings FAQ

Are money market accounts from FirstBank federally insured?

Yes, your FirstBank money market accounts are insured up to $250,000 per person 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 FirstBank Money Market Savings rates?

FirstBank Money Market Savings offers an APY starting at 0.01% and ranging up to 0.03% (APY stands for annual percentage yield, rates may change). However, to earn interest you must keep a minimum balance of $0.01.

FirstBank Money Market Savings Rates and Terms
Rates Amount
APY (Annualized Percentage Yield) 0.01% - 0.03%

What are the fees for FirstBank Money Market Savings?

This account charges a monthly maintenance fee of up to $10. You can avoid this fee by maintaining a balance of $1,000.
FirstBank Money Market Savings Fees
Fees Amount
Monthly Fee up to $10
Paper Statement Fee $3

What is the minimum balance for FirstBank Money Market Savings?

Minimum deposit of $1,000. You must make an initial deposit of at least $1,000 to open this account.

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

Interest rate minimum balance of $0.01. You must keep the account balance above $0.01 to earn interest.

What features and perks does FirstBank Money Market Savings offer?

This account includes the following features:

  • Check Writing - FirstBank Money Market Savings includes check writing privileges. This is convenient method to pay bills and transfer money from your account.
  • Fraud monitoring - FirstBank monitors transactions for potentially fraudulent activity.
  • Mobile Banking Services - FirstBank Money Market Savings allows you to manage your money through online banking and a dedicated mobile app. This includes depositing checks in your account with your smartphone.

What is the customer service phone number?

The customer service number for this business card is .

What is the support contact email?

The support contact email for this business credit card is banking@efirstbank.com.

How to open an account with FirstBank

  • Visit the FirstBank 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 3 states
  • Arizona
  • California
  • Colorado

Feature Breakdown

APY Minimum Balance $0.01
Minimum Balance to Avoid Monthly Fee Starting at $1,000
Minimum Opening Deposit Starting at $1,000
Monthly Fee $0 - $10
NSF Fee $34
Paper Statement Fee $3
Account Features
  • Free Bill Pay
  • Mobile Check Deposit
  • Interest Bearing Account
  • Mobile Banking
  • Fraud Monitoring
  • Fraud Protection
  • Debit Card
  • Branch Access
  • Member FDIC
  • Check Writing
APY (Annual Percentage Yield) 0.01% - 0.03%
Dividend Compounding Frequency Daily
Dividend Payout Frequency Monthly
Dividend Rate 0.01% - 0.03%

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