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Get a Flexible College Savings Account at First Bank in Albemarle, NC

Personal Finances 3 min read

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Nestled in the Piedmont region of North Carolina, Albemarle, NC, is home to sprawling hills, streams and forests. Whether you’re attending local Stanly Community College or you’re planning on leaving the quaint town of Albemarle, the sooner you start saving for college, the better.

College Savings Account Options at First Bank

First Bank offers options for our customers to start investing in a college savings account. Below are a couple of options helping residents of Albemarle save for college:

  • Everywhere Savings: This basic savings account is perfect for the working individual and can serve as a college savings account by allowing you to earn interest on any balance. With just a $50 minimum to open the account, you can begin saving for college while getting two free withdrawals per month for tuition payments. You can also get online and mobile banking so you can focus on your studies, not your finances. We also offer monthly statements to keep you updated and alert notifications to remind you of account activity.*
  • MyFirst Savings: This option is great for parents who are looking to open a college savings account for their children. MyFirst Savings is for customers under the age of 18 and comes with no monthly maintenance fees and no minimum balance to earn interest. With just a $10 initial deposit you can enjoy online and mobile banking, automatic bill payments, account alerts and monthly statements for your youngster’s money.

Visit First Bank Today

With our rich history, deeply rooted in “making every penny count” since 1935—we remain committed to providing a progressive community bank network for every resident in your town. Whether you want options for your growing family, yourself or your emerging business, First Bank is here to help.

Stop by one of our locations on East Main Street or Highway 52 North in Albemarle, NC, to learn more about a college savings account for you or your child. Use our online account comparison chart to see which option is best for you.

*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. Withdrawal fee of $2 each after the first two 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.

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Sources:

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

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