Lillington NC, High Interest Savings Accounts

Growing your money can be difficult if you do not have a great understanding of the stock market or keep up with current trends. An alternative way to use your money to make money is to put it in a high-interest savings account. In Lillington, NC, First Bank on South Main Street provides means to grow your money without having to take on risk, watch the market or study stocks.

Among our collection of personal savings accounts, First Bank has two high-interest options for the customer wanting a little more.

Money Market

This high-interest savings account offers six free withdrawals* per month, free online and mobile banking***, free online bill pay, free monthly electronic or paper statements and free account alerts by phone, email or text message.

There is a $1,000 minimum to open a Money Market account, and one can be opened in just 10 minutes when you visit our Lillington, NC office.

CDs

A First Bank CD (Certificate of Deposit) offers an FDIC-insured investment typically with fixed interest rates and a guaranteed rate of return. A CD can offer higher interest rates than a money market account because the interest rate is related to the length of the term. A CD is a great way to save for college or retirement.

However, you may find that the additional options offered by First Bank’s Lillington, NC branch can satisfy your high-interest savings accounts needs. Our Everywhere Savings account comes with competitive rates while our IRAs and Health Savings Accounts also earn interest. Even children under the age of 18 can begin building interest with a MyFirst Savings account.

Contact our Lillington, NC office to open your high-interest savings account and put your money to work.

*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. 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.

**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.

***While First Bank does not charge for mobile banking, your mobile carrier’s message and data rates may apply.

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Sources:

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

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