First Premier Bank Regular Savings Account Review

First Premier Bank Regular Savings Account is offered by First Premier Bank, a bank founded in 1999 and based in Sioux Falls, SD. First Premier Bank Regular Savings Account is available in 4 states across the USA.

• Low APY. The maximum annual percentage yield for this account is only 0.02%.
• $0 monthly Service Charge available. This account charges a monthly service fee of up to $2, but the fee is waived if you keep a minimum balance of $50.
• No ATM fees. First Premier Bank Regular Savings Account does not charge fees on ATM transactions.
• Bill pay. Pay your bills to practically anyone in the United States through First Premier Bank.

Pros	Cons
Interest-yielding account. Access to physical branches. No charge on incoming domestic or international wire transfers.	No signup bonus. No ATM access to First Premier Bank Regular Savings Account. Does not come with a debit card Only available in 4 states. Monthly service charge.

Are savings accounts from First Premier Bank federally insured?

Yes, your First Premier Bank savings accounts are insured up to $250,000 per person by the Federal Deposit Insurance Corporation (FDIC #6085). 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 Premier Bank offer a signup bonus?

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

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

The minimum deposit to open a First Premier Bank Regular savings account is $50.

First Premier Bank Regular Savings Account Minimums

Description
Minimum Balance to Avoid Monthly Fee	$50
Minimum Combined Balance to Avoid Monthly Fee	$50
Minimum Opening Deposit	Starting at $50

What APY does First Premier Bank offer?

First Premier Bank Regular savings account offers an APY of 0.02% (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 Premier Bank Regular savings account charge?

First Premier Bank Regular 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 $50. You can also waive the fee by keeping a combined balance of $50.

What features and perks does First Premier Bank Regular 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 Premier Bank Regular 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 Premier Bank Regular 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.
• Nationwide ATM network - Conveniently transact at a nearby ATM.

Can you set up a direct deposit to First Premier Bank Regular 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.