Skip to main content
Find Your Local Branch
Back
Scroll to top

Hassle-Free Savings Account – High Point, NC

Personal Finances 3 min read

Ready to talk to an expert?

Find A Location Get In Touch

Saving your hard earned cash shouldn’t be a hassle. At First Bank in High Point, NC, we understand the importance of saving and we want to make sure our customers aren’t worried about their savings accounts. First Bank offers hassle-free savings accounts for individuals and business owners looking to get the most out of their money.

Hassle-Free Personal Savings Accounts at First Bank in High Point, NC

Opening an account is quick and easy. You can visit a High Point, NC location, and the local team will be happy to help you. After you have opened an account, you can monitor it from virtually anywhere with our online and mobile banking services.* Our personal savings account options are:

  • Everywhere Savings – The perfect account for anyone looking to save. You only need $50 to open an account and there is no minimum balance required to earn interest.**
  • MyFirst Savings  – Great for teaching your children the importance of saving. You only need a $10 deposit to open an account, and there are no monthly fees.**
  • Money Market – This long-term, high-yield savings account is a great way to grow your savings. An initial deposit of $1000 is required to open an account.
  • CDs – If you don’t need immediate access to your funds, a certificate of deposit typically offers higher rates than our other savings accounts.***
  • IRAs – Save for your retirement with one of First Bank’s IRA options.
  • HSAs – If you’re covered by a high-deductible health plan, you can use HSA earnings for qualified medical expenses without tax liability.

Hassle-Free Savings Accounts for Businesses at First Bank in High Point, NC

First Bank offers 3 hassle-free savings account options for business owners. You can choose from our basic Business Savings account, our high-yield Business Money Market account, or a certificate of deposit.

Visit a High Point First Bank Today

To learn more about First Bank’s hassle-free savings account options for individuals and business owners, call or visit our High Point, NC branch.

*While First Bank does not charge for mobile banking, check with your mobile service provider for web access fees. iPhone®, and iPod Touch® are registered trademarks of Apple, Inc. Android™ is a trademark of Google Inc. Compatibility notice: The First Bank mobile app is not currently compatible with iOS7, the new operating system for iPhone, iPad® and iPod Touch®. We are aware of the issue and are working on an update to address it. We apologize for any inconvenience.

**Investment and Insurance Products are NOT Bank Deposits, NOT FDIC-Insured, HAVE NO Bank Guarantee, NOT Insured by any Federal Government Agency, May Go Down in Value Account holders may avoid the Monthly Maintenance Fee by meeting any of the requirements listed in the Keep it Fee FreeTM section of the account summary table for their account type. Other account service fees may apply as described in the Account Services Fee Schedule available on our website at fees or at your local branch.

***CDs are subject to penalty for early withdrawals prior to maturity date. Penalty will reduce earnings.

———-

Sources:

Investopedia: http://www.investopedia.com/terms/m/minimum-balance.asp

Investopedia: http://www.investopedia.com/terms/h/hsa.asp

Investopedia: http://www.investopedia.com/terms/c/certificateofdeposit.asp

Investopedia: http://www.investopedia.com/terms/i/ira.asp?lgl=rira-layout

Ready to talk to an expert?

Find A Location Get In Touch
Share:

You may be interested in...

Couch and coffee table with vase on top 5 Reasons to Consider a Home Equity Line of Credit (HELOC) Your home is your most valuable asset and investment. A home equity line of credit can provide many benefits for those with good credit and a chunk of their mortgage paid off. 2 min read
Image for tile. What is Financial Abuse? Key Aspects of Financial Abuse Financial abuse is a hidden but devastating form of control that often leaves victims economically trapped and vulnerable. It can happen in any type of relationship, whether it’s between partners, family members, or caregivers and their dependents. By understanding the tactics used by abusers and the steps to regain financial independence, victims and their supporters can take meaningful action to break free and rebuild their lives. Control and Restriction One of the primary tactics of financial abuse is restricting the victim’s access to financial resources. The abuser may withhold money or enforce a strict allowance, limiting the victim’s ability to spend freely. They might restrict access to bank accounts, credit cards, or cash, ensuring complete financial dependency. In many cases, victims are required to justify every expense, creating a climate of fear and uncertainty around financial decisions. Additionally, abusers may steal or control their victim’s identification documents like their driver’s license and social security card as well as important papers like marriage and divorce documents, birth certificates, and mortgage or property documents—with the goal of opening accounts in the victims name without their knowledge. By controlling their victim’s financial access and identification, the abuser reinforces their dominance, making it increasingly difficult for the victim to assert independence. This lack of financial freedom can leave victims feeling trapped, with few options to break free from the abuse. Exploitation of Resources Financial abuse often involves the direct exploitation of their victim’s financial resources for the abuser’s personal gain. This can include unauthorized use of the victim’s credit cards or assets, leading to mounting debt in their name. Some abusers force their partners to cover all household expenses while contributing little or nothing themselves. In more severe cases, victims may be coerced into accumulating debt under their own name, leaving them financially burdened long after the relationship ends. These tactics create significant financial hardship, making it even more difficult for victims to escape the abusive situation. Sabotage of Economic Independence Many abusers deliberately work to prevent their victims from achieving financial independence. They may prohibit them from working or pursuing educational opportunities, limiting career advancement and personal growth. Even when victims manage to secure employment, abusers often sabotage their job performance by causing disruptions, harassing them at work, or withholding essential resources such as transportation or childcare. In some cases, abusers also hide or misrepresent joint assets, ensuring that their victims remain unaware of their true financial standing. By keeping their victim economically dependent, the abuser strengthens their control, reducing the victim’s ability to leave the relationship and start anew. Financial Secrecy and Isolation Secrecy and economic isolation are also common tactics in financial abuse. Abusers may conceal important financial information, such as income, debts, or household expenses, leaving the victim completely in the dark about their financial situation. In addition to withholding financial knowledge, abusers often restrict interactions with family and friends who could provide financial assistance or guidance. This isolation ensures that the victim has no financial safety net, making it even harder to seek help or escape the abusive situation. Post-Separation Abuse In relationships, financial abuse does not always end when the relationship does. Many abusers continue using financial tactics to exert control over their victims even after separation. They may prolong divorce proceedings to increase legal costs and drain the victim’s resources. Refusing to pay child support or alimony is another way abusers cause financial distress, making it difficult for survivors to maintain stability. Some even manipulate shared assets or debts to create ongoing financial hardship. These post-separation struggles can make it incredibly challenging for survivors to rebuild their lives. Recognizing and Addressing Financial Abuse Financial abuse is often an invisible form of control that can have long-term effects on a victim’s financial stability and emotional well-being. Recognizing the signs and taking action is essential. Here are some steps that can help: Educate yourself and others: Awareness is the first step toward addressing financial abuse. Learning about its signs can help victims recognize when they are being manipulated. Reach out for support: Support networks, including friends, family, and domestic violence organizations, can offer critical assistance in navigating financial abuse. The National Domestic Violence Hotline is a free, confidential and 24/7 resource that offers tools and support to help survivors of domestic violence. Seek professional advice: Financial counselors, domestic violence advocates, and legal professionals can provide guidance on regaining financial control. Open a separate bank account: If possible, setting up an independent bank account can help create a financial escape plan. Document financial abuse: Keeping records of financial transactions, unauthorized debts, and hidden assets can be valuable in legal proceedings. Breaking the Cycle of Financial Abuse By understanding its various forms, recognizing its signs, and taking proactive steps, survivors of financial abuse can regain financial independence and break free from abusive relationships. It is essential to continue raising awareness and advocating for stronger protections against financial abuse to support those affected and prevent further harm. 5 min read
Close up of a For Rent sign in front of a house. Rent to Own: What the Buyer Should Consider If you're interested in buying a home but are unable to qualify for a mortgage, you might consider a rent-to-own situation. 3 min read
tools in a line Which Renovations Give You the Most Bang for Your Buck? A home renovation can make your house more comfortable and efficient. Despite what you might see on HGTV, though, renovating isn’t easy, and you won’t always make big bucks when it’s time to sell your home. 1 min read
First Bank logo
Powered by  GDPR Cookie Compliance
Privacy Overview

This website uses cookies so that we can provide you with the best user experience possible. Cookie information is stored in your browser and performs functions such as recognizing you when you return to our website and helping our team to understand which sections of the website are the most popular and useful.