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

Best Savings Account Rates – Wilmington, NC

Personal Finances 3 min read

Ready to talk to an expert?

Find A Location Get In Touch

From the historic mile-long Riverwalk to the miles of pristine beaches, Wilmington, NC, has many things to offer. You may be planning to attend college, buy a house, or even retire in Wilmington, but don’t have a savings plan that can help you reach those goals.

First Bank offers some of the best savings account rates and we are dedicated to helping you achieve financial security.

Types of Savings Accounts at First Bank

First Bank strives to offer our customers some of the best savings account rates, and we provide several types of accounts, including:

Everywhere Savings – Minimum of $50 to open

  • 2 free withdrawals a month*
  • No minimum balance required to earn interest
  • Free mobile and online banking**
  • Free eStatements or paper statements

MyFirst Savings – For customers under 18; minimum of $10 to open

  • 2 free withdrawals per month*
  • No minimum balance required to earn interest
  • Free mobile and online banking**
  • Free eStatements or paper statements

Money Market – Minimum of $1,000 to open; for customers looking for a long-term, high-yield savings account

  • 6 free withdrawals per month*
  • Interest-earning account access
  • Free mobile and online banking**
  • Free eStatements or paper statements

We also offer certificates of deposit (CDs), IRAs, and Health Savings Accounts (HSAs) for more specific savings needs.

Open a Savings Account with First Bank

No matter what you’re saving for, First Bank offers some of the best savings account rates out there. Rates can vary depending on the type of account, and we want to make sure you are getting the best rates possible. If you want to find out more about First Bank’s savings account rates, call or visit a Wilmington, NC, location near you.

*Savings Account customer can make two free withdrawals per month. There is a $2 fee for each additional withdrawal. Money Market customers can make six (6) free withdrawals per month. For each excessive transaction during a statement cycle, there is a fee of $15. Federal regulations limit withdrawals or 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, 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.

———

Sources:

Wilmington N.C.: https://www.wilmingtonandbeaches.com/

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

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

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

Mobile Check Deposits from Anywhere Before mobile phones and tablets, checks had to be cashed in person or by mail. Now, mobile check deposits allows you to deposit your checks from anywhere, so long as your mobile device has Internet or cellular service. Most banks provide mobile apps to make the process easier, and First Bank* is no exception. First Bank provides mobile check deposits** for businesses and individuals so that you can deposit a check from anywhere, safely and securely. How Mobile Check Deposits Work Mobile check deposit use digital technology to deposit money into your account. All you need is a smartphone or tablet with a good camera. Here’s how it works: Sign Checks and Find a Flat Surface Even with digital deposits, the back of a check needs to be signed by the account holder. For added security, you can also include a restricted endorsement, such as, “For Mobile Deposit Only” underneath your signature. Next, find a flat, well-lit surface. This will help you get the best possible image. Take Photos Using the App Using the secure camera within First Bank’s mobile banking app snap a picture of the front and back of the check. You’ll see prompts on the screen that will help guide you. Make sure to wait for the camera to focus before taking the picture so that numbers and letters are clear. Deposit multiple checks per day using your mobile app. At First Bank, individuals can deposit up to $5,000 in mobile checks in one day, and business accounts can deposit up to $10,000 per month*. Deposit Your Checks When you press deposit, the pictures of your checks are sent to our databases and reviewed. At First Bank, if you deposit your checks before 6 PM on a normal business day, your funds will appear in your account the next day (if approved). Check Your Email for Verification First Bank sends an email verification for all mobile check deposit transactions for your records. Get More with Mobile Banking First Bank offers comprehensive mobile banking** options for the modern consumer. Our app is available in both the iTunes and Google Play stores, and can be used to deposit checks, transfer funds, manage accounts, stop payments, and link to external 3 min read
Pencil laying on 1040 tax form Staying Safe from Tax Scams We received the following very handy and timely article from the Multi-State Information Sharing and Analysis Center (MS-ISAC) in regards to staying safe during this season of numbers crunching and record keeping for taxes. As always, if you have any specific tax questions, be sure to consult a tax prep professional. Watch out for these scams Unfortunately, much of your personal information can be gathered from multiple locations online with almost no verification that the right person is receiving the information. Criminals know this and use the information to file a fake tax refund request! If a criminal files a tax return in your name before you do, they will file it with false information to get a large refund, forcing you to go through the arduous process of proving that you did not file the return and subsequently correcting the return. Once they have your personal information, criminals can continue to commit identity theft well beyond the tax season. Another favorite technique used by criminals during the tax season is sending phishing messages indicating that a new copy of your tax form(s) is available. These emails often impersonate state, local, tribal, and territorial government comptroller or IT departments. If you fill out or attempt to login into the phishing website, the criminals will be able to see your login name and password, which they can then use to try and compromise your other accounts. The more information they gather from you, the easier it is for them to use the information to file a fake tax return in your name. Lastly, tax fraudsters also impersonate the IRS and other tax officials to threaten taxpayers with penalties if they do not make an immediate payment. It is important to remember: The IRS will not initiate contact about payment with taxpayers by phone, email, text messages, or social media without sending an official letter in the mail first. The IRS will not call to demand immediate payment over the phone using a specific payment method such as a debit/credit card, a prepaid card, a gift card, or a wire transfer. The IRS will not threaten to immediately notify local police or other law-enforcement agencies to have you arrested for not paying. 4 min read
Image for tile. The Startling Cost of College There’s a startling financial truth for those enrolled in college and recent graduates: a higher education almost always comes with a significant price tag--and debt. Here, we take a look at the numbers. 1 min read
Image for tile. Fraud Protection Best Practices: When to use a Credit Card vs. a Debit Card Key Fraud-Related Differences Between Credit Cards and Debit Cards A credit card allows you to borrow money from a lender up to a set limit, with the expectation of paying it back later, often with interest if not paid in full. A debit card, on the other hand, directly withdraws funds from your bank account when you make a purchase, limiting spending to the amount in your account. Balancing credit and debit card use can enhance both security and financial stability. If someone steals your credit card information, they are effectively stealing the credit card issuer’s money, not directly accessing your bank account. This separation provides a crucial security buffer, giving you time to dispute charges without risking essential funds like rent or grocery money. In contrast, debit card fraud affects your checking account immediately, which can cause financial disruptions until the issue is resolved. Instances Where a Credit Card can Offer Increased Fraud Protection Online Purchases Credit cards are generally safer for online transactions. They offer robust fraud protection, and most credit card companies monitor for suspicious activity, often reimbursing fraudulent charges quickly. Travel and International Transactions When traveling, especially abroad, use a credit card. Credit cards typically offer better fraud monitoring and reduced liability if your card information is compromised. Big-Ticket Purchases Use a credit card for expensive items like electronics or home appliances. Many credit cards come with purchase protection, extended warranties, and easier dispute resolution if something goes wrong. Recurring Payments or Subscriptions Credit cards provide better protection if you need to dispute unauthorized subscription charges, helping avoid interruptions to your service while the issue is resolved. Best Practices for Card Security Monitor Transactions: Regularly check both credit and debit accounts for unauthorized activity. Use Secure Websites: Look for “https://” in website URLs when shopping online. Enable Alerts: Sign up for transaction alerts for immediate fraud detection. Report Issues Promptly: The sooner you report suspicious activity, the better your chances of minimizing loss. Responsible Credit Card Use To maximize fraud protection while maintaining financial health, use credit cards responsibly by: Paying the Balance in Full: Avoid interest charges by clearing the balance each month. Staying Within Limits: Use only a portion of your credit limit to maintain a healthy credit score. Making Timely Payments: Pay on time to avoid late fees and credit score damage. 2 min read