FirstBank Money Market Savings

Unaffiliated

in Money Market Accounts from FirstBank

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

FirstBank Money Market Savings Review

FirstBank Money Market Savings is offered by FirstBank, 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
Does not offer mobile check deposits.	No signup bonus. Does not provide a debit card. Not FDIC-insured. Only available in 3 states. Monthly service charge.

FirstBank Money Market Savings FAQ

Are money market accounts from FirstBank federally insured?

No, your FirstBank money market accounts are not insured by a federal insurance agency. This means that if FirstBank were to fall into financial difficulties, your deposits are not covered by a government backed insurance fund like the FDIC or NCUSIF.

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:

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.