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High Yield Savings Account – Lillington, NC

Personal Finances 3 min read

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When the unexpected happens, it can help to have a little extra money put away. If you aren’t prepared, unexpected medical bills, job loss, or repairs can put a dent into your bank account and cause financial stress. First Bank in Lillington, NC, offers two types of high-yield savings accounts to help you save for the future and cover unexpected costs.

Open A High-Yield Savings Account at First Bank

A First Bank Money Market account can help you grow your savings, so you can feel financially secure for the future. This account features:

  • 6 free withdrawals per month*
  • Interest-earning account access
  • $1,000 minimum required to open account
  • Free online and mobile banking*
  • Free eStatements or paper statements

You can even keep your Money Market account monthly maintenance fee free* by maintaining a $2,500 minimum balance, or maintaining an average collected balance of $5,000 or more.

CDs at First Bank

A certificate of deposit (CD) is also a good option for those looking for a high-yield savings account. If you don’t need immediate access to your funds, a CD will allow you to earn interest at a higher rate than most standard savings accounts—the longer the term, the higher the interest. First Bank’s CDs are FDIC-insured, and typically offer a fixed, guaranteed interest rates. It only takes a minimum $1,000 deposit to open this account.*

Visit First Bank in Lillington, NC

First Bank in Lillington, NC, is ready to help you save. To open a high-yield savings account or learn more about our other account options, visit a First Bank branch located at 1000 South Main Street.

Withdrawal fee of $15 each after the first six free during the month. Federal regulations limit withdrawals of preauthorized transfers to six (6) per month, including checks, drafts, online transfers, telephone transfers and debit card purchases. You may conduct an unlimited number of withdrawals at the ATM, in person at a branch, or by mail when the check is mailed to you. While First Bank does not charge for mobile banking, your mobile carrier’s message and data rates may apply. Account holders may avoid the Monthly Maintenance Fee by meeting any of the requirements listed in the Keep if Fee Free™ section of the account summary table for their account type. Other account service fees may apply as described in the Account Services Fee Schedule, which is also available at your local branch. CDs are subject to penalty for early withdrawals prior to maturity date. Penalty will reduce earnings.

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Sources:

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

Investopedia: http://www.investopedia.com/terms/f/fdic-insured-account.asp

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