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  FirstBank Smart Choice College Money Market Savings

FirstBank Smart Choice College Money Market Savings

in Money Market Accounts from FirstBank · Member fdic

Unaffiliated

FirstBank Smart Choice College 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 N/A
Minimum Opening Deposit Starting at $0

FirstBank Smart Choice College Money Market Savings Review

FirstBank Smart Choice College Money Market Savings is offered by FirstBank, a bank founded in 1963 and based in Lakewood, CO. FirstBank Smart Choice College 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.
  • No APY minimum balance. There is no minimum amount you have to deposit to earn interest with this money market account. You will earn the 0.03% rate regardless of your balance.
  • $0 monthly fee. This account does not charge a monthly service fee.
  • No minimum initial deposit. There is no minimum balance required to open an account.
Pros & Cons of FirstBank Smart Choice College Money Market Savings
Pros Cons
  • Access to physical branches.
  • No charge on incoming domestic or international wire transfers.
  • Deposit checks remotely.
  • No signup bonus.
  • Does not provide a debit card or ATM access to your money.
  • Only available in 3 states.
FirstBank Smart Choice College 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 Smart Choice College Money Market Savings rates?

FirstBank Smart Choice College 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).

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

What are the fees for FirstBank Smart Choice College Money Market Savings?

FirstBank Smart Choice College Money Market Savings does not charge a monthly maintenance fee.

FirstBank Smart Choice College Money Market Savings Fees
Fees Amount
Monthly Fee $0
Paper Statement Fee $3

What is the minimum balance for FirstBank Smart Choice College Money Market Savings?

No minimum initial deposit. FirstBank does not require a minimum initial deposit to open an account.

What features and perks does FirstBank Smart Choice College Money Market Savings offer?

This account includes the following features:

  • Fraud monitoring - FirstBank monitors transactions for potentially fraudulent activity.
  • Mobile Banking Services - FirstBank Smart Choice College 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.

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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Availability

  Available in 3 states
  • Arizona
  • California
  • Colorado

Feature Breakdown

Monthly Fee $0
NSF Fee $34
Paper Statement Fee $3
Bank Account Features
  • Mobile Check Deposit
  • No Monthly Maintenance Fee
  • Interest Bearing Account
  • Mobile Banking
  • Fraud Monitoring
  • Fraud Protection
  • Branch Access
  • FDIC Member
  • Teen Checking Account
  • Student Checking Account
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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