High Yield Savings Account – Lillington, NC

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.

———

Sources:

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

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

Share:

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...

First Time Buyer? For most of us, buying a home is the largest purchase we’ll ever make. If you are a first-time homebuyer, you may be asking questions like, “What is a first home mortgage?” What is a First Home Mortgage? A first home mortgage is a loan you will use to purchase your first home. These loans can come in a variety of forms, from conventional home loans to FHA loans for first-time homebuyers. First Bank offers the following mortgage loans* for first-time homebuyers: Conventional Loans Government loans Professional loans Construction loans Jumbo loans In addition to providing a selection of mortgage opportunities, First Bank also offers a wealth of information about what a first home mortgage is and what can be expected when shopping for your first home. Tips for Buying Your First Home Knowing what a first home mortgage is can go a long way toward easing the process of turning that key for the very first time. U.S. News and World Report highlighted some of the most common mistakes first-time home buyers make and how you can avoid them. Among them were: Searching for your dream home before being pre-qualified for a loan. The reality of what a first home mortgage is can be vastly different than what you were hoping for. Take the time to seek out a mortgage loan specialist at a place like First Bank so you can find out what you can afford and what your expected monthly expenses will be. Thinking short-term. First-time buyers are often so focused on moving in that they don’t ever consider moving out. Chances are, you’ll one day be ready to move into another home as you start a family or change jobs. Think about the factors that will affect how you’ll be able to sell your home in five years such as economic growth in the area or neighborhood expansion. Making an emotional decision. It’s important to sign a mortgage paper with your head and not with your heart. You may be overlooking some serious red flags such as expensive repairs, structural damage, or mold simply because you’re in love with the open layout. Find a First Bank Near You Ready to get started? Check out First Bank’s guide 3 min read

Are You a Financial Wellness Wiz? Take our quick quiz to find out! Create your own user feedback survey If you got: 1-2 points: Good start! We’re here to talk you through the basics and to help you plan for the future. Also be sure to check out our free financial basics course. 3-4 points: Well done! You’ve got the basics down; but if you need help planning for a big purchase or life event, we can help. Start with our free course: Major Life Events. 5 points: Look at you go! Capitalize on all that great financial savvy with the right mix of tools and products you need for your plans. No matter your score, we’re committed to helping you achieve your dreams (big and small!). Visit your local branch today, or give us a call. Let’s start something amazing together. 2 min read

Fraud Protection: 5 Reminders to Avoid Smishing and Vishing Scams Use these five helpful reminders to stay safe: Stay on alert for suspicious SMS text messages stating payments have been made using your account or Zelle information. These types of messages are called smishing. Phishers send a text, supposedly from your financial institution, asking you to confirm transactions made from your account by responding with a simple “Yes” or “No”, prompting a possible phone call from them immediately after. Do not respond to these types of messages. Instead, call your financial institution directly to confirm they have sent you a message about your account or to make sure there are no actual unknown transactions. When calling your financial institution, always call the number from the institution’s website or the number found on the back of your debit/credit card. If you feel you have been a victim of an SMS text messaging scam, call your financial institution for immediate assistance. Find more on smishing, voice phishing, and Zelle fraud explained by Brian Krebs, author of Krebs on Security, using the links below: SMS About Bank Fraud as a Pretext for Voice Phishing – Krebs on Security The ‘Zelle Fraud’ Scam: How it Works, How to Fight Back – Krebs on Security Need extra information on how to protect yourself and your information? Check out our free online course on Identity Protection. Identity Protection – First Bank 2 min read

Savings Account Interest Rates in South Carolina Whether you’re searching for savings account interest rates in South Carolina, looking for an account with a higher rate of return, in the market for a long-term savings strategy with tax advantages, or looking to open your very first savings account, First Bank in South Carolina can help. With First Bank’s savings accounts, you can grow your money the smart way. We offer various levels of interest rates on a number of both personal and business savings accounts, some of which accrue interest on any amount of money. Save conservatively in a basic savings account or water your money more aggressively in a Money Market account. The choice is up to you. First Bank offers a number of savings account options: Everywhere Savings MyFirst Savings Money Market CDs IRAs Health Savings Accounts Interested in More Than Just Rates? Our savings account interest rates aren’t the only benefit of trusting First Bank with your money. Our savings accounts also offer perks, such as: Withdrawal capabilities* Online and mobile banking so you can watch your money grow from home or on the go* Monthly statements that provide a detailed history of growth and transactions Account activity alerts to notify you of any action in your account Opportunities to avoid First Bank monthly maintenance fees* Reach out to First Bank or visit a local First Bank branch to learn more about savings account interest rates in South Carolina. We’re happy to answer all of your financial questions and help you find the best type of savings account for you. Plant your money at one of South Carolina’s First Bank locations and use our savings account interest rates. 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. 2 min read

High Yield Savings Account – Lillington, NC

Ready to talk to an expert?

Open A High-Yield Savings Account at First Bank

CDs at First Bank

Visit First Bank in Lillington, NC

Ready to talk to an expert?

You may be interested in...