First Citizens Bank Online Savings Account

First Citizens Bank Online Savings Account Review

First Citizens Bank Online Savings Account is offered by First Citizens Bank, a bank founded in 1898 and based in Raleigh, NC. First Citizens Bank Online Savings Account is available in 19 states across the USA.

• Low APY. The maximum annual percentage yield for this account is only 0.03%.
• $0 monthly fee. This account does not charge a monthly Service Charge as long as you keep a minimum balance of $300.
• No ATM fees. First Citizens Bank Online Savings Account does not charge fees on ATM transactions.
• Bill pay. Pay your bills to practically anyone in the United States through First Citizens Bank.

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 19 states. Higher than average wire transfer fees.

Are savings accounts from First Citizens Bank federally insured?

Yes, your First Citizens Bank savings accounts are insured up to $250,000 per person by the Federal Deposit Insurance Corporation (FDIC #11063). 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 Citizens Bank offer a signup bonus?

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

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

The minimum deposit to open a First Citizens savings account is $25.

First Citizens Bank Online Savings Account Minimums

Description
Minimum Balance to Avoid Monthly Fee	Starting at $300
Minimum Opening Deposit	$25
Minimum Required Balance	$0

What APY does First Citizens Bank offer?

First Citizens savings account offers an APY of 0.03% (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 Citizens savings account charge?

First Citizens savings account 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 $300.

• Outgoing domestic bank transfers come with a $30 fee.
• Incoming domestic bank transfers come with a $16 fee.

What features and perks does First Citizens savings account offer?

This savings account includes the following features:

• Check images with monthly statement - Reconciling your accounts and complying with document retention standards is easier when you have access to a copy of your checks for each statement period.
• Fraud monitoring - First Citizens 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.
• Free Online Bill Pay - Online Bill Pay allows you to pay bills easily from your account.
• Mobile Banking Services - First Citizens 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 Citizens savings account?

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.

What is the customer support email for First Citizens savings account?

The customer support email for First Citizens savings account is fcbsocial@firstcitizens.com.