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  FirstBank Liquid Asset Savings
FirstBank Liquid Asset Savings Unaffiliated

FirstBank Liquid Asset Savings

Unaffiliated
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Highlights
Monthly Fee $0 - $20
APY (Annual Percentage Yield) 0.01% - 0.05%
Minimum Balance to Earn APY $20,000

FirstBank Liquid Asset Savings Review

FirstBank Liquid Asset Savings is offered by FirstBank, founded in 1963 and based in Lakewood, CO. FirstBank Liquid Asset Savings is available in 3 states across the USA.

Key Takeaways
  • Higher than average APY. FirstBank Liquid Asset Savings has an annual percentage yield of up to .05%, which is higher than the national average interest rate on savings accounts. Note that you must keep a minimum balance of $20000.
  • Charges a monthly fee. This account charges a monthly service fee of up to $20, but the fee is waived if you keep a minimum balance of $20,000.
  • Large minimum initial deposit. You need a minimum deposit of $20,000 to open an account. This is a relatively large minimum initial deposit when compared to the other accounts that we track.
Firstbank savings account Pros & Cons
Pros Cons
  • Interest-yielding account.
  • No charge on incoming domestic or international wire transfers.
  • No signup bonus.
  • Does not offer mobile check deposits.
  • Does not provide access to a nationwide ATM network.
  • Does not come with a debit card
  • Not FDIC-insured.
  • Only available in 3 states.
  • Higher than average wire transfer fees.
  • Monthly service charge.
Firstbank savings account FAQ

Are savings accounts from FirstBank federally insured?

No, your FirstBank savings accounts are not insured by a federal insurance agency. This means that if FirstBank were to fall into financial difficulties, your deposits are not covered by a government backed insurance fund like the FDIC or NCUSIF.

Does FirstBank offer a signup bonus?

Firstbank savings account doesn't offer a signup bonus.

What is the minimum initial deposit for Firstbank savings account?

The minimum deposit to open a Firstbank savings account is $20,000.
FirstBank Liquid Asset Savings Minimums
Description
Minimum Balance to Avoid Monthly Fee Starting at $20,000
Minimum Balance to Earn APY $20,000
Minimum Opening Deposit Starting at $20,000
Minimum Required Balance $20,000

What APY does FirstBank offer?

Firstbank savings account offers an APY starting at .01% and ranging up to .05% (APY stands for annual percentage yield, rates may change).

What fees does Firstbank savings account charge?

Firstbank 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 $20,000.

  • Outgoing domestic bank transfers come with a $30 fee.
  • Outgoing international bank transfers come with a $45 fee. You can save a ton of money in fees if you use use a nonbank money transfer service.
  • Firstbank savings account charges $3 every time you request a paper statement.

What features and perks does Firstbank savings account offer?

This savings account includes the following features:

Can you set up a direct deposit to Firstbank 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 Firstbank savings account?

The customer support email for Firstbank savings account is banking@efirstbank.com.

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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.

Availability

  Available in 3 states
  • Arizona
  • California
  • Colorado

Feature Breakdown

Minimum Balance to Avoid Monthly Fee Starting at $20,000
Minimum Balance to Earn APY $20,000
Minimum Opening Deposit Starting at $20,000
Minimum Required Balance $20,000
Bank Teller Fee $0
Wire Transfer Fee - Domestic (Incoming) $0
Wire Transfer Fee - International (Incoming) $0
Monthly Fee $0 - $20
Paper Statement Fee $3
Returned Deposit Fee (Domestic) $12
Wire Transfer Fee - Domestic (Outgoing) $30
Wire Transfer Fee - International (Outgoing) $45
Immigration Status Considered
  • U.S. Citizen
  • U.S. Permanent Resident
Verification Documents Required
  • Driver License (or other photo ID)
  • Proof of Identity
  • Government Issued Photo ID
  • Social Security Number
Account Features
  • Free Bill Pay
  • Mobile Check Deposit
  • Interest Bearing Account
  • Mobile Banking
  • Fraud Monitoring
  • Branch Access
  • Member FDIC
APY (Annual Percentage Yield) 0.01% - 0.05%

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