First Home Bank Savings Account

First Home Bank Savings Account Review

First Home Bank Savings Account is offered by First Home Bank, a bank founded in 1999 and based in St Petersburg, FL. First Home Bank Savings Account are available in 1 state across the USA.

Key Takeaways

• Bonus offer. Open a new account and you can get
• Very high annual percentage yield (APY). This account offers an annual percentage yield of up to 2.11%, which is much higher than the average interest rate for a savings account.
• 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 $50.
• $100 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 rebates. This account will reimburse you for ATM fees (see terms and conditions for details).

First Home savings Pros & Cons

First Home savings FAQ

Are savings accounts from First Home Bank 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 First Home Bank offer a signup bonus?

First Home savings has a signup bonus of $0.

What is the minimum initial deposit for First Home savings?

What APY does First Home Bank Savings Account offer?

First Home savings offers a variable APY and ranging up to 2.11% (APY stands for annual percentage yield, rates may change).

What fees does First Home savings charge?

First Home 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.

• A bank-teller fee of $20. Think twice before visiting a branch of this bank. This fee is triggered when you use a human teller instead of processing a transaction online or on an ATM.

What features and perks does First Home 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.
• Mobile Banking Services - First Home savings allows you to manage your money online or with a mobile app.

Can you set up a direct deposit to First Home 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 Home savings?

The customer support email for First Home savings is CardServices@FirstHomeBank.com.