FB&T Regular Savings Review

FB&T Regular Savings is offered by FB&T, a bank founded in 1934 and based in Perry, OK. FB&T Regular Savings is available in 1 state across the USA.

• Higher than average APY. FB&T Regular Savings has an annual percentage yield of up to .10%, which is higher than the national average interest rate on savings accounts.
• Charges a monthly fee. This account charges a monthly service fee of up to $3, but the fee is waived if you keep a minimum balance of $100.
• $100 minimum deposit. This is a typical minimum initial deposit, but there are accounts that require a smaller initial deposit or have no minimum.
• Bill pay. Pay your bills to practically anyone in the United States through FB&T.

Pros	Cons
Interest-yielding account. Access to physical branches. Free debit card No charge on incoming domestic or international wire transfers.	No signup bonus. Does not provide access to a nationwide ATM network. Only available in one state. Monthly service charge. No ATM access to savings.

Are savings accounts from FB&T federally insured?

Yes, your FB&T savings accounts are insured up to $250,000 per person by the Federal Deposit Insurance Corporation (FDIC #13946). 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 FB&T offer a signup bonus?

FB&T Regular Savings doesn't offer a signup bonus.

What is the minimum initial deposit for FB&T Regular Savings?

The minimum deposit to open a FB&T Regular Savings is $100.

FB&T Regular Savings Minimums

Description
Minimum Balance to Avoid Monthly Fee	$100
Minimum Opening Deposit	Starting at $100

What APY does FB&T offer?

FB&T Regular Savings offers an APY of .10% (APY stands for annual percentage yield, rates may change).

The interest rate on a savings account or checking account can change based, in part, on what the Federal Reserve does. Note that the APY of a savings account is the amount of interest you will earn if you keep your money in the account for a full year expressed as a percentage. The difference between an APY and an interest rate is that the APY takes into account how often your money earns interest (or compounds). The more often your money compounds, the more it will earn. Savings accounts with an interest rate that compounds daily, for example, will earn a higher return (and therefore a higher APY) than savings accounts that compound annually.

What fees does FB&T Regular Savings charge?

FB&T Regular Savings does not charge a monthly service fee. See the fee breakdown section below to view all fees.

However, you can waive the monthly fees if you have a minimum daily balance of $100.

What features and perks does FB&T Regular Savings offer?

This savings account includes the following features:

• Fraud monitoring - FB&T Regular Savings 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 - FB&T Regular Savings allows you to manage your money online or with a mobile app. This includes depositing checks in your account with a mobile app on your smartphone.

Can you set up a direct deposit to FB&T Regular Savings?

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.