Last Updated: 04/18/2025
SuperMoney User Recommendation Score +57
Strongly recommended7 total votes
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Highlights
Community Rating
Strongly recommended
APY (Annual Percentage Yield)
0.03%(Verified 06/21/2024)
Disclaimer popup with additional information
Minimum Opening Deposit
$50
Minimum Balance to Earn APY
N/A
Number of Reviews
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 savings account are available in 19 states.
Key Takeaways
- Low interest rate. The maximum annual percentage yield for this account is only 0.03%.
- No monthly maintenance fees. This account does not charge any monthly account fees.
- No ATM fees. First Citizens Bank Online Savings Account does not charge fees on ATM transactions .
First Citizens savings account Pros & Cons
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First Citizens savings account FAQ
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 $50.| Description | |||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
| Minimum Average Balance to Avoid Monthly Service Fee | $0 | ||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
| Minimum Opening Deposit | $50 | ||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
| Minimum Required Balance | $0 | ||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
What APY does First Citizens Bank Online Savings Account 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.
- An overdraft on your account will trigger a $10 fee per item.
Does First Citizens savings account charge overdraft fees?
Yes, First Citizens savings account charges a $10 overdraft 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?
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 Citizens savings account?
The customer support email for First Citizens savings account is fcdirect@firstcitizens.com.
How do people rate the customer service and user experience of First Citizens savings account?
Overall, First Citizens savings account is strongly recommended based on community reviews that rate customer service and user experience.
SuperMoney Disclosure: SuperMoney.com is an independent, advertising-supported service. The owner of this website may be compensated in exchange for featured placement of certain sponsored products and services, or your clicking on links posted on this website. Read more...
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.
Hours of Operation
Sunday
7:00AM - 11:00PM
Monday
7:00AM - 11:00PM
Tuesday
7:00AM - 11:00PM
Wednesday
7:00AM - 11:00PM
Thursday
7:00AM - 11:00PM
Friday
7:00AM - 11:00PM
Saturday
7:00AM - 11:00PM
Other Services by First Citizens Bank
Car Insurance
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Life Insurance
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Personal Watercraft Insurance
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Umbrella Insurance
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Auto Loans
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Home Equity Lines of Credit
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Home Equity Loans
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Home Mortgage Loans
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SuperMoney Net Recommendation Score
SuperMoney users strongly recommend this product, giving it a user recommendation score of +57, or 4.1 on a 5-point rating scale.
+57
-1000+100
No one recommends
Everyone recommends
First Citizens Bank Online Savings Account Community Reviews
Would you recommend First Citizens Bank Online Savings Account to your friends?
BK
Ben K.
Feb 3, 2023
May or may not recommend
First Citizens offers a simple savings account with a low opening deposit and no monthly fees. But the interest rates are really low, especially compared to other online savings accounts.
SD
Sarah D.
Feb 3, 2023
May or may not recommend
First Citizens offers a simple savings account with a low opening deposit and no monthly fees. But the interest rates are really low, especially compared to other online savings accounts.
MS
Marion S.
Nov 30, 2022
May or may not recommend
This bank has a minimum opening deposit, but it's not very high, and the overdraft fees are also small. However, there are some perks and disadvantages to having an online-only savings account, so I recommend researching each one before you decide.
RM
Rasheed M.
Nov 29, 2022
May or may not recommend
On recommendation by a friend, I gave First citizens Bank a trial and I was shocked. First it was so easy to open with no stress, my funds accumulated interest with a standard rate, I was able to pay my shopping bills through it with no issues at all. All this using their mobile app which does not lag. Surprisingly enough, I had an issue about a fail transfer on ...Show More
MC
Mazhar C.
Nov 25, 2022
May or may not recommend
I highly recommend a First Citizens Bank and their online saving account. I was pleasantly surprised with how easy it was to open a savings account with them on their website. I am able to handle most of my needs virtually and this has saved me lots of time. Thier customer service is superior to most banks as they are extremely friendly and patient with you.
TA
Tatiana A.
Nov 23, 2022
May or may not recommend
I banked with First Citizens a few years ago, and my experience was very meh. Initially, I had difficulty getting into my account; however, their customer service was beneficial during the process.
JC
Jessica C.
Nov 9, 2022
May or may not recommend
I highly recommend a First Citizens Bank and their online saving account. I was pleasantly surprised with how easy it was to open a savings account with them on their website. I am able to handle most of my needs virtually and this has saved me lots of time. Thier customer service is superior to most banks as they are extremely friendly and patient with you.
Showing 7 of 7 reviews
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