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  Community First Bank Personal Money Market
Community First Bank Personal Money Market Unaffiliated

Community First Bank Personal Money Market

Unaffiliated
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Highlights
Monthly Fee $10
APY (Annual Percentage Yield) 0.05% - 0.25%
Minimum Balance to Earn APY $2,499.99

Community First Bank Personal Money Market Review

Community First Bank Personal Money Market is offered by Community First Bank of South Carolina, a bank founded in 1990 and based in Walhalla, SC. Community First Bank Personal Money Market is available in 2 states across the USA.

Key Takeaways

  • Higher than average APY. Community First Bank Personal Money Market has an annual percentage yield of up to 0.25%, which is higher than the average interest rate for savings accounts. Note that you must keep a minimum balance of $2499.99 to earn that interest rate.
  • Charges a monthly fee. This account charges a monthly service fee of $10, but the fee is waived if you keep a minimum balance of $500.
  • No ATM fees. Community First Bank Personal Money Market does not charge fees on ATM transactions.

Community First Bank Personal Money Market Pros & Cons

Pros Cons
  • Interest-yielding account.
  • Free debit card
  • No signup bonus.
  • Does not offer mobile check deposits.
  • Only available in 2 states.
  • Higher than average wire transfer fees.
  • Monthly service charge.

Community First Bank Personal Money Market FAQ

Are savings accounts from Community First Bank of South Carolina federally insured?

Yes, your deposits are insured up to $250,000 per person by the Federal Deposit Insurance Corporation (FDIC #32838). 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.

Does Community First Bank of South Carolina offer a signup bonus?

Community First Bank Personal Money Market doesn't offer a signup bonus.

What is the minimum initial deposit for Community First Bank Personal Money Market?

The minimum deposit to open a Community First Bank Personal Money Market is $50.
Community First Bank Personal Money Market Minimums
Description
Minimum Balance to Avoid Monthly Fee Starting at $500
Minimum Balance to Earn APY $2,499.99
Minimum Opening Deposit Starting at $50

What APY does Community First Bank Personal Money Market offer?

Community First Bank Personal Money Market offers a variable APY starting at 0.05% and ranging up to 0.25% (APY stands for annual percentage yield, rates may change).

What fees does Community First Bank Personal Money Market charge?

This account charges a monthly service fee of $10. However, you can waive the monthly fees if you have a minimum daily balance of $500.

  • Outgoing domestic bank transfers come with a $20 fee.
  • Incoming domestic bank transfers come with a $15 fee.
  • Outgoing international bank transfers come with a $60 fee. You can save a ton of money in fees if you use use a nonbank money transfer service.
  • Incoming international bank transfers come with a $60 fee.
  • Community First Bank Personal Money Market charges a $20 fee for an early account closure. Contact Community First Bank Personal Money Market for more details on what is considered an early closure.
  • Community First Bank Personal Money Market charges $5 every time you request a paper statement.

What features and perks does Community First Bank Personal Money Market offer?

This savings account includes the following features:

  • Check images with monthly statement - Reconciling your accounts and complying with document retention standards is easier when you have access to a copy of your checks for each statement period.
  • Fraud monitoring - Community First Bank Personal Money Market monitors transactions for potentially fraudulent activity, such as when a debit card is unexpectedly used in a different location, or you make a sudden string of costly purchases.
  • Free Online Bill Pay - Online Bill Pay allows you to pay bills easily from your account.
  • Mobile Banking Services - Community First Bank Personal Money Market allows you to manage your money online or with a mobile app.
  • Nationwide ATM network - Conveniently transact at a nearby ATM.

Can you set up a direct deposit to Community First Bank Personal Money Market?

Yes, you can typically set up a direct deposit to this account. However, it depends on the direct deposit program your employer uses. Most direct deposit programs allow you to send your paycheck to a savings or checking account. In some cases, you can even split your paycheck between the two.

What is the customer support email for Community First Bank Personal Money Market?

The customer support email for Community First Bank Personal Money Market is callcenter@c1stbank.com.

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Availability

  Available in 2 states
  • North Carolina
  • South Carolina

Feature Breakdown

Minimum Balance to Avoid Monthly Fee Starting at $500
Minimum Balance to Earn APY $2,499.99
Minimum Opening Deposit Starting at $50
Monthly Fee $10
Wire Transfer Fee - Domestic (Incoming) $15
Wire Transfer Fee - Domestic (Outgoing) $20
Wire Transfer Fee - International (Incoming) $60
Wire Transfer Fee - International (Outgoing) $60
Paper Statement Fee $5
Returned Deposit Fee (Domestic) $10
Early Account Closure $20
Immigration Status Considered
  • U.S. Citizen
  • U.S. Permanent Resident
Verification Documents Required
  • Driver License (or other photo ID)
  • Proof of Identity
  • Government Issued Photo ID
  • Social Security Number
Account Features
  • No ATM Fees
  • Free Bill Pay
  • Interest Bearing Account
  • Nationwide ATM Network
  • Check Images with Statement
  • Mobile Banking
  • Fraud Monitoring
  • Fraud Protection
  • Debit Card
  • Automatic Transfers
  • Member FDIC
  • Check Writing
Signup Deposit Requirement $50
APY (Annual Percentage Yield) 0.05% - 0.25%

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Community First Bank of South Carolina Savings Accounts

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