First Bank and Trust of Texas Regular Savings

First Bank and Trust of Texas Regular Savings Review

First Bank and Trust of Texas Regular Savings is offered by Heartland Financial USA Inc, a nonbank financial services provider founded in 1981 and based in Dubuque, IA. First Bank and Trust of Texas Regular Savings are available in 1 state across the USA.

Key Takeaways

• Low interest rate. The maximum annual percentage yield for this account is only .05%.
• 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.

First Bank and Trust of Texas Regular Savings Pros & Cons

Pros	Cons
Interest-yielding account. Access to physical branches. Free debit card	No signup bonus. Does not provide access to a nationwide ATM network. Only available in one state. Higher than average wire transfer fees. Monthly service charge.

First Bank and Trust of Texas Regular Savings FAQ

Are savings accounts from Heartland Financial USA Inc federally insured?

Yes, your deposits 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.

Does Heartland Financial USA Inc offer a signup bonus?

First Bank and Trust of Texas Regular Savings doesn't offer a signup bonus.

What is the minimum initial deposit for First Bank and Trust of Texas Regular Savings?

The minimum deposit to open a First Bank and Trust of Texas Regular Savings is $100.

First Bank and Trust of Texas Regular Savings Minimums

Description
Minimum Balance to Avoid Monthly Fee	Starting at $100
Minimum Balance to Earn APY	$0.01
Minimum Opening Deposit	Starting at $100

What APY does First Bank and Trust of Texas Regular Savings offer?

First Bank and Trust of Texas Regular Savings offers an APY of .05% (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 First Bank and Trust of Texas Regular Savings charge?

First Bank and Trust of Texas 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.

• Outgoing domestic bank transfers come with a $30 fee.
• Incoming domestic bank transfers come with a $12 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 $15 fee.
• First Bank and Trust of Texas Regular Savings charges a $25 fee for an early account closure. Contact First Bank and Trust of Texas Regular Savings for more details on what is considered an early closure.
• First Bank and Trust of Texas Regular Savings charges $3 every time you request a paper statement.

What features and perks does First Bank and Trust of Texas Regular Savings offer?

This savings account includes the following features:

• Fraud monitoring - First Bank and Trust of Texas 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 - First Bank and Trust of Texas 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 First Bank and Trust of Texas Regular 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 Texas Regular Savings?

The customer support email for First Bank and Trust of Texas Regular Savings is jberg@htlf.com.