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  Community First Bank Personal Money Market

Community First Bank Personal Money Market

in Savings Accounts from Community First Bank of South Carolina · fdic

Unaffiliated

Community First Bank Personal Money Market

Unaffiliated

in Savings Accounts from Community First Bank of South Carolina · Member FDIC

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Highlights
Monthly Fee $10
APY (Annual Percentage Yield) 0.05% - 0.25%
APY Minimum Balance $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 national average interest rate on savings accounts. Note that you must keep a minimum balance of $2499.99.
  • 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.
  • Bill pay. Pay your bills to practically anyone in the United States through Community First Bank of South Carolina.
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 Community First Bank of South Carolina savings accounts 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
APY Minimum Balance $2,499.99
Minimum Balance to Avoid Monthly Fee Starting at $500
Minimum Opening Deposit Starting at $50

What APY does Community First Bank of South Carolina offer?

Community First Bank Personal Money Market offers an 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?

In most cases, the answer is yes. 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

APY Minimum Balance $2,499.99
Minimum Balance to Avoid Monthly Fee Starting at $500
Minimum Opening Deposit Starting at $50
Early Account Closure $20
Monthly Fee $10
Paper Statement Fee $5
Returned Deposit Fee (Domestic) $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
Account Features
  • No ATM Fees
  • Member FDIC
  • Check Writing
  • Automatic Transfers
  • Debit Card
  • Free Bill Pay
  • Fraud Protection
  • Fraud Monitoring
  • Mobile Banking
  • Check Images with Statement
  • Nationwide ATM Network
  • Interest Bearing Account
Signup Deposit Requirement $50
APY (Annual Percentage Yield) 0.05% - 0.25%

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