Skip to main content
_FB_2018-Icons-finalized-cleaned-up_new_FB_2018-Icons-finalized-cleaned-up_newGroup 9
Find Your Local Branch
Back
Scroll to top

Savings Account Interest Rates in North Carolina

Personal Finances 3 min read

Ready to talk to an expert?

Find A Location Get In Touch

Whether you’re saving for retirement or starting a college fund, having the right savings account can help you reach your financial goals. With some of the most competitive savings account interest rates in North Carolina, First Bank offers a variety of options to meet your financial needs.

Types of Savings Accounts at First Bank

When you’re comparing interest rates, it’s important to understand which accounts offer the best rates. At First Bank, we offer six different savings accounts with varying interest rates:

  1. Everywhere Savings—For simple savings at a competitive interest rate, this account offers free online and mobile banking, account alerts, and free eStatements.
  2. MyFirst Savings—If you’re under 18 and ready to start saving, consider opening a MyFirst Savings account. You only need a $10 deposit to open the account and don’t have to worry about a minimum balance or maintenance fees.
  3. Money Market—With higher interest rates and instant access, our money market account allows you to have six free withdrawals per month, free online and mobile banking, free eStatements, and more.
  4. CDs—If you don’t need immediate access to funds, this option provides flexible rates and guaranteed rates of return. CDs typically offer higher interest rates than savings and money market accounts, making them a great investment option.
  5. IRAs—At First Bank, we offer a variety of IRA options for your long-term retirement plans including traditional, Roth, and SEP IRAs. Talk to one of our banking experts about the different rates you’ll receive if you choose to open up an IRA.
  6. Health Savings Accounts (HSA)—For a great way to save on current and future medical expenses, consider opening a health savings account. This account allows you to manage health care spending and earn tax-advantaged savings.

Use our Account Comparison Chart to decide which savings account is best for you.

Get Competitive Interest Rates at First Bank

Interest rates will vary depending on which savings account you choose. Regardless of the type of savings account you open, we want to make sure you’re getting a good rate. Consult with one of our banking experts at your nearest First Bank to compare interest rates.

Open a Savings Account Today

Visit one of our North Carolina branches and talk to a financial expert about getting competitive savings account interest rates or visit our website for more information.

———-

Sources:

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

Investopedia: http://www.investopedia.com/terms/m/moneymarketaccount.asp

Ready to talk to an expert?

Find A Location Get In Touch
Share:
First Bank’s Good To Know Logo
Sign up for our newsletter and be the first to know about new tips, insights, and products from First Bank.
First Bank may use this email address to contact you about products, services, and promotions.

You may be interested in...

What is an Unsecured Personal Loan? If you need help covering unexpected expenses, you may be asking the question, “What is an unsecured personal loan?” An unsecured personal loan is a loan given out without the involvement of any collateral. It is based solely on the trust that the borrower will pay back the money under the terms of the loan. Unsecured vs. Secured Personal Loans According to Investopedia: “A loan that is issued and supported only by the borrower’s creditworthiness, rather than by a type of collateral. An unsecured loan is one that is obtained without the use of property as collateral for the loan. Borrowers generally must have high credit ratings to be approved for an unsecured loan.” This is different from a secured loan, where an item of collateral such as a vehicle or piece of property is put down to secure the loan. If you fail to repay the loan, the lender takes the item of collateral. What do Unsecured Personal Loans Cover? Most personal loans are taken out for things like costly medical procedures, home renovations, and vehicle purchases. First Bank offers a personal credit line* that may or may not require any collateral. Typically, the better your credit history, the better your chances of qualifying for an unsecured personal loan. Because you’re not risking the loss of any collateral, unsecured personal loans typically come with higher interest rates than secured loans. Contact First Bank Today If you need an unsecured personal loan, seek out a First Bank location and speak to one of our friendly associates about getting the money you need. *Loans subject to credit approval. ——— Sources: Investopedia: http://www.investopedia.com/terms/u/unsecuredloan.asp#ixzz3sGyigwlj 2 min read
Find the Best Checking Accounts in South Carolina at First Bank For residents in South Carolina, finding the best checking account can be crucial to managing your finances. But with so many banks in the area, it can feel overwhelming to choose the right option. At First Bank, we are confident that our checking account options can best fit your banking needs. Shop for the Best Checking Accounts at First Bank First Bank offers five different types of checking accounts that can suit whatever lifestyle you lead. Each of them come with no monthly maintenance fee when you meet our minimum requirements. Here are some key features for each type of checking account we offer: Everywhere Checking Free online and mobile banking Free online bill pay Free eStatements or paper statements Cash rewards with a qualifying First Bank credit card Everywhere Plus The benefits of Everywhere Checking Interest at the minimum balance requirement Everywhere Premium The benefits of Everywhere Plus Free member checks or 50% discount on alternate check designs Four free official checks per statement cycle Campus Checking For students under the age of 25, Campus Checking can best suit your needs. It offers most of the benefits of an Everywhere Checking account, in addition to having no First Bank transaction fees on eight out-of-network ATM withdrawals per month. Senior Checking Customers aged 55 years and older are eligible to apply for Senior Checking. It offers all the benefits of an Everywhere Checking account, in addition to having free basic checks or 50% off other designs. Visit Your Local First Bank Today Whether you’re a student, senior, or just looking for a checking account that works the way you want it to, First Bank has it all. With six convenient branches in South Carolina, we’re available to help you find the best checking account that fits your needs. ——— Sources: Go Banking Rates: https://www.gobankingrates.com/checking-accounts/benefits-checking-account/ 2 min read
Get a Hassle-Free Checking Account with First Bank Figuring out where to get a hassle-free checking account doesn’t have to be hard. First Bank offers five different types of hassle-free checking accounts that don’t have monthly maintenance fees as long as minimum requirements are met. Types of Hassle-Free Checking Accounts at First Bank All of our personal checking accounts feature free online and mobile banking, free online bill pay, and free eStatements or paper statements. Everywhere Checking: Rewards benefits when you use your eligible First Bank credit card. How to Keep It Fee Free™ Maintain a $600 minimum balance, or Maintain an average collected balance of $1,200, or Receive a direct deposit of any amount during the monthly statement cycle Everywhere Plus: All the benefits of Everywhere Checking, plus the chance to earn interest at a minimal balance requirement. How to Keep It Fee Free™ Maintain a $1,200 minimum balance, or Maintain an average collected balance of $2,400 Everywhere Premium: All the benefits of Everywhere Plus, plus no First Bank transaction fees on out-of-network ATM withdrawals, rewards benefits with eligible credit cards, and free member checks. How to Keep It Fee Free™ Maintain a $5,000 minimum balance, or Maintain an average collected balance of $10,000, or Maintain $20,000 in personal deposits (Checking, Savings, Money Market, CD, IRA), or $20,000 in outstanding personal loan or HELOC balances Campus Checking: No monthly maintenance fees and no First Bank transaction fees on eight out-of-network ATM withdrawals per month. Earn cash back at hundreds of online retailers. Available to students ages 16-25. How to Keep It Fee Free™ Typically free for enrolled college or graduate students under the age of 25 Senior Checking: For seniors 55 and older. Rewards benefits when you use your eligible First Bank credit card. Free basic checks or 50% off other check designs. How to Keep It Fee Free™ Maintain a $600 minimum or $1,200 average balance, or Make a monthly direct deposit of $250 or more* Contact a First Bank Specialist Today Now that you know where to get a hassle-free checking account, Visit a First Bank branch to speak with one of our experts today and start saving. *Account holders may avoid the Monthly Maintenance Fee by meeting any of the requirements listed in the Keep it Fee 3 min read
What Do I Need to Open a Checking Account? What do you need to open a checking account? It can vary a little from bank to bank but there are typically some fundamental necessities needed to open a checking account. First Bank has five levels of checking accounts, each with varying conditions and capabilities. But let’s start with the basics that hold true for any checking account: What You Need to Open a Checking Account Identification. You will be required to show a picture ID in order to open a checking account such as a driver’s license, passport or military ID card. Personal information. Basic information such as name, address, telephone number, date of birth and social security number. Deposit. You’ll need a small minimum amount of money to make the initial deposit into the account. Clean record. Before opening a new checking account, a most banks will run a consumer report of your previous banking relationships to make sure you don’t have a record of charged-off accounts or fraudulent activity. A bank will sometimes allow you to still open a new account provided you repay the charged off account. Types of Checking Accounts Let’s take a look at First Bank’s five personal checking account options. Everywhere Checking. This is our most fundamental checking account. Everywhere Plus. This option allows you to earn interest on your balance. Everywhere Premium. Earn interest plus enjoy some additional perks such as an unlimited number of out-of-network ATM transactions with no First Bank fee. Campus Checking. Students under the age of 25 get the benefit of a checking account free of a minimum balance requirement and monthly maintenance fees. Senior Checking. Customers age 55 and older can be fee-free with direct deposit and get free checks. Contact First Bank Today Visit your local First Bank and one of our friendly associates will help you with what you need to open a checking account. Or use our Compare Accounts feature to see which checking account is right for you. Read more about this topic: What Is Required to Open a Business Checking Account?, Finance 101: Banking Basics. ——— Sources: Investopedia: http://www.investopedia.com/terms/m/minimum-balance.asp 2 min read