Last Updated: 04/18/2025
First Bank and Trust of New Orleans Preferred Savings
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Last Updated: 04/18/2025
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Highlights
APY (Annual Percentage Yield)
.05% - .13%(Verified 06/21/2024)
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Minimum Opening Deposit
Starting at $50
Minimum Balance to Earn APY
N/A
First Bank and Trust of New Orleans Preferred Savings Review
First Bank and Trust of New Orleans Preferred Savings is offered by First Bank and Trust of New Orleans, a bank founded in 1991 and based in New Orleans, LA. First Bank and Trust of New Orleans Preferred Savings are available in 3 states.
Key Takeaways
- Low interest rate. The maximum annual percentage yield for this account is only .13%.
- Charges a monthly fee. This account charges a monthly fee of up to $3, but the fee may be waived if you keep a minimum balance of$200.
First Bank and Trust of New Orleans Preferred Savings Pros & Cons
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First Bank and Trust of New Orleans Preferred Savings FAQ
Are savings accounts from First Bank and Trust of New Orleans federally insured?
Yes, your deposits are insured 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.
Does First Bank and Trust of New Orleans offer a signup bonus?
First Bank and Trust of New Orleans Preferred Savings doesn't offer a signup bonus.
What is the minimum initial deposit for First Bank and Trust of New Orleans Preferred Savings?
The minimum deposit to open a First Bank and Trust of New Orleans Preferred Savings is $50.| Description | |||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
| Minimum Average Balance to Avoid Monthly Service Fee | Starting at $200 | ||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
| Minimum Opening Deposit | Starting at $50 | ||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
What APY does First Bank and Trust of New Orleans Preferred Savings offer?
First Bank and Trust of New Orleans Preferred Savings offers a variable APY starting at .05% and ranging up to .13% (APY stands for annual percentage yield, rates may change).
What fees does First Bank and Trust of New Orleans Preferred Savings charge?
First Bank and Trust of New Orleans Preferred 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 $200.
- Outgoing domestic bank transfers come with a $23.50 fee.
- Incoming domestic bank transfers come with a $15 fee.
- Outgoing international bank transfers come with a $45 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 $40 fee.
- First Bank and Trust of New Orleans Preferred Savings charges a $25 fee for an early account closure. Contact First Bank and Trust of New Orleans Preferred Savings for more details on what is considered an early closure.
- First Bank and Trust of New Orleans Preferred Savings charges $3 every time you request a paper statement.
What features and perks does First Bank and Trust of New Orleans Preferred Savings offer?
This savings account includes the following features:
- Fraud monitoring - First Bank and Trust of New Orleans Preferred 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.
- Mobile Banking Services - First Bank and Trust of New Orleans Preferred Savings 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 First Bank and Trust of New Orleans Preferred Savings?
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 First Bank and Trust of New Orleans Preferred Savings?
The customer support email for First Bank and Trust of New Orleans Preferred Savings is gblossman@fbtonline.com.
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Hours of Operation
Sunday
Closed
Monday
9:00AM - 4:00PM
Tuesday
9:00AM - 4:00PM
Wednesday
9:00AM - 4:00PM
Thursday
9:00AM - 4:00PM
Friday
9:00AM - 4:00PM
Saturday
Closed