First Bank Kids Cash Savings

First Bank Kids Cash Savings Review

First Bank Kids Cash Savings is offered by First Bank, a bank founded in 1906 and based in Creve Coeur, MO. First Bank Kids Cash Savings are available in 3 states across the USA.

Key Takeaways

• Very high annual percentage yield (APY). This account offers an annual percentage yield of up to 5.12%, which is much higher than the average interest rate for a savings account.
• Small minimum initial deposit. You only need $5 to open an account.

First Bank savings account Pros & Cons

First Bank savings account FAQ

Are savings accounts from First Bank federally insured?

Yes, your deposits are insured up to $250,000 per person by the Federal Deposit Insurance Corporation (FDIC #12229). 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 offer a signup bonus?

First Bank savings account doesn't offer a signup bonus.

What is the minimum initial deposit for First Bank savings account?

What APY does First Bank Kids Cash Savings offer?

First Bank savings account offers a variable APY starting at .02% and ranging up to 5.12% (APY stands for annual percentage yield, rates may change).

What fees does First Bank savings account charge?

First Bank savings account does not charge a monthly service fee. See the fee breakdown section below to view all fees.

What features and perks does First Bank savings account offer?

This savings account includes the following features:

• Fraud monitoring - First Bank savings account 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 savings account 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 savings account?

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.