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  First Bank and Trust of Texas Signature Series Savings

First Bank and Trust of Texas Signature Series Savings

in Savings Accounts from Heartland Financial USA Inc · fdic

Unaffiliated

First Bank and Trust of Texas Signature Series Savings

Unaffiliated

in Savings Accounts from Heartland Financial USA Inc · Member FDIC

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Highlights
Monthly Fee $0 - $9
APY (Annual Percentage Yield) 0% - 0.05%
APY Minimum Balance $50,000

First Bank and Trust of Texas Signature Series Savings Review

First Bank and Trust of Texas Signature Series 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 Signature Series Savings is available in 1 state across the USA.

Key Takeaways
  • Higher than average APY. First Bank and Trust of Texas Signature Series Savings has an annual percentage yield of up to .05%, which is higher than the national average interest rate on savings accounts. Note that you must keep a minimum balance of $50000.
  • Charges a monthly fee. This account charges a monthly service fee of up to $9, but the fee is waived if you keep a minimum balance of $50,000.
  • $1,000 minimum deposit. This is a typical minimum initial deposit, but there are accounts that require a smaller initial deposit or have no minimum.
  • ATM fee reimbursements. This account will reimburse you for ATM fees (see terms and conditions for details).
  • Bill pay. Pay your bills to practically anyone in the United States through Heartland Financial USA Inc.
First Bank and Trust of Texas Signature Series Savings Pros & Cons
Pros Cons
  • Interest-yielding account.
  • Access to physical branches.
  • Free debit card
  • No signup bonus.
  • No ATM access to First Bank and Trust of Texas Signature Series Savings.
  • Only available in one state.
  • Higher than average wire transfer fees.
  • Monthly service charge.
First Bank and Trust of Texas Signature Series Savings FAQ

Are savings accounts from Heartland Financial USA Inc federally insured?

Yes, your Heartland Financial USA Inc savings accounts 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 Signature Series Savings doesn't offer a signup bonus.

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

The minimum deposit to open a First Bank and Trust of Texas Signature Series Savings is $1,000.
First Bank and Trust of Texas Signature Series Savings Minimums
Description
APY Minimum Balance $50,000
Minimum Balance to Avoid Monthly Fee $50,000
Minimum Combined Balance to Avoid Monthly Fee $100,000
Minimum Opening Deposit Starting at $1,000

What APY does Heartland Financial USA Inc offer?

First Bank and Trust of Texas Signature Series Savings offers an APY and ranging up to .05% (APY stands for annual percentage yield, rates may change).

What fees does First Bank and Trust of Texas Signature Series Savings charge?

First Bank and Trust of Texas Signature Series 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 $50,000. You can also waive the fee by keeping a combined balance of $100,000.

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

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

This savings account includes the following features:

  • ATM reimbursement - This account provides ATM access and will reimburse you for the ATM fees charged by other networks.
  • Fraud monitoring - First Bank and Trust of Texas Signature Series 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 Signature Series 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 Signature Series 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.

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Editorial Disclaimer: Editorial and user-generated content on this page is not provided or commissioned by the issuer. Opinions expressed here are the author’s alone and have not been approved or otherwise endorsed by any financial institution, including those that are advertising partners.

Availability

  Available in 1 state
Texas
Availabile in all of Texas

Feature Breakdown

APY Minimum Balance $50,000
Minimum Balance to Avoid Monthly Fee $50,000
Minimum Combined Balance to Avoid Monthly Fee $100,000
Minimum Opening Deposit Starting at $1,000
Bank Teller Fee $0
Early Account Closure $25
Monthly Fee $0 - $9
Paper Statement Fee $3
Wire Transfer Fee - Domestic (Incoming) $12
Wire Transfer Fee - Domestic (Outgoing) $25
Wire Transfer Fee - International (Incoming) $15
Wire Transfer Fee - International (Outgoing) $45
Account Features
  • Member FDIC
  • Branch Access
  • Debit Card
  • Free Bill Pay
  • Fraud Monitoring
  • Mobile Banking
  • ATM Reimbursement
  • Interest Bearing Account
  • Mobile Check Deposit
  • Expense Management
APY (Annual Percentage Yield) 0% - 0.05%

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