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  FirstBank Regular Savings

FirstBank Regular Savings

in Savings Accounts from FirstBank · fdic

Unaffiliated

FirstBank Regular Savings

Unaffiliated

in Savings Accounts from FirstBank · Member FDIC

Net Recommendation Score +100

SUPERMONEY NET RECOMMENDATION SCORE

This product is strongly recommended by SuperMoney users with a score of +100, equating to 5 on a 5 point rating scale.

+100

Recommendation score measures the loyalty between a provider and a consumer. It's at +100 if everybody recommends the provider, and at -100 when no one recommends.

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Highlights
Community Rating

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Monthly Fee $0 - $1.25
APY (Annual Percentage Yield) 0.01%
APY Minimum Balance $1

FirstBank Regular Savings Review

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

Key Takeaways
  • Low APY. The maximum annual percentage yield for this account is only 0.01%.
  • Charges a monthly fee. This account charges a monthly service fee of up to $1.25, but the fee is waived if you keep a minimum balance of $100.
  • Small minimum initial deposit. You only need $1 to open an account.
  • Bill pay. Pay your bills to practically anyone in the United States through FirstBank.
Firstbank savings account Pros & Cons
Pros Cons
  • Interest-yielding account.
  • Access to physical branches.
  • No signup bonus.
  • Does not provide access to a nationwide ATM network.
  • Does not come with a debit card
  • 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?

Yes, your FirstBank savings accounts 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 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 $1.
FirstBank Regular Savings Minimums
Description
APY Minimum Balance $1
Minimum Balance to Avoid Monthly Fee $100
Minimum Opening Deposit Starting at $1
Minimum Required Balance $100

What APY does FirstBank offer?

Firstbank savings account offers an APY of 0.01% (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 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 $100.

  • Outgoing domestic bank transfers come with a $30 fee.
  • Incoming domestic bank transfers come with a $10 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.
  • Incoming international bank transfers come with a $10 fee.
  • 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:

  • Fraud monitoring - Firstbank 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 - Firstbank 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 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.

How do people rate the customer service and user experience of Firstbank savings account?

Overall, Firstbank 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.

Availability

  Available in 3 states
  • Arizona
  • California
  • Colorado

Feature Breakdown

APY Minimum Balance $1
Minimum Balance to Avoid Monthly Fee $100
Minimum Opening Deposit Starting at $1
Minimum Required Balance $100
Bank Teller Fee $0
Monthly Fee $0 - $1.25
Paper Statement Fee $3
Returned Deposit Fee (Domestic) $12
Wire Transfer Fee - Domestic (Incoming) $10
Wire Transfer Fee - Domestic (Outgoing) $30
Wire Transfer Fee - International (Incoming) $10
Wire Transfer Fee - International (Outgoing) $45
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%

FirstBank Regular Savings Community Reviews

 

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SUPERMONEY NET RECOMMENDATION SCORE

This product is strongly recommended by SuperMoney users with a score of +100, equating to 5 on a 5 point rating scale.

+100

Recommendation score measures the loyalty between a provider and a consumer. It's at +100 if everybody recommends the provider, and at -100 when no one recommends.

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