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

Highest Yield Savings Account – Asheboro, NC

Personal Finances 3 min read

Ready to talk to an expert?

Find A Location Get In Touch

For customers who do not need immediate access to their funds, a Certificate of Deposit, or CD, is one of the highest yield savings accounts offered at First Bank in Asheboro, NC. The Wall Street Journal defines CDs as low-risk investments where you typically invest cash you do not need to access for months or years. First Bank offers CDs with higher rates than our regular savings and money market accounts.

Whether you are an individual or business owner looking to open a savings account, our CDs may provide you with the high yield savings account in Asheboro. We typically offer a fixed guaranteed interest rate and all of our CDs are FDIC-insured. If you’re located in Asheboro, NC, all you need is a $1,000 minimum deposit to open the highest yield savings account First Bank has to offer.

Other Types of Interest-Yielding Savings Accounts at First Bank in Asheboro, NC

If you want to open a savings account but want access to your funds when you need them, consider opening one of our other savings accounts. All of our accounts feature free online and mobile banking, free online bill pay, and free eStatements or paper statements.*

  • Everywhere Savings: With a $50 minimum deposit you can open our Everywhere Savings account and start earning interest.
  • MyFirst Savings: With an initial minimum deposit of just $10, children and teens can open a MyFirst savings account and start earning interest.
  • Money Market: Our long-term Money Market account earns interest and requires a $1,000 initial deposit.**
  • Business Savings: With this account, business owners receive the same benefits as our personal Everywhere Savings account. It only takes a $50 minimum deposit to start earning.
  • Money Market for businesses: Business owners can enjoy competitive rates with this long-term savings option. It requires a $1,000 minimum deposit to open.

Visit First Bank Today

Visit our two convenient locations in Asheboro, NC and speak with one of our specialists about our highest yield savings accounts today.

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

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...

Find the Best Savings Account Rates at First Bank in North Carolina Finding the best savings account rates in North Carolina can be beneficial for many reasons. Whether you want to save money in the case of an emergency or start a fund for your child’s education, having the right savings account can help you reach your goals. At First Bank, we are confident you can find what you need with one of our many savings account options. Compare NC Savings Account Rates at First Bank When you’re looking to compare rates, it’s important to know what you’re getting from a savings account. At First Bank, we have six types of savings accounts at competitive rates that can fit your financial goals: Everywhere Savings The Everywhere Savings is First Bank’s signature savings account that can be tailored to meet your financial needs. With a minimum of $50 to open, our savings benefits include: 2 free withdrawals per month* No minimum balance to earn interest Free online and mobile banking* Free online bill pay Free eStatements or paper statements MyFirst Savings If you’re under 18 years old and you’re ready to start saving, the MyFirst Savings account is a great way to teach your kids the value of money at an early age. With only a $10 deposit to open, our savings benefits include: 2 free withdrawals per month* No minimum balance to earn interest Free online and mobile banking* Free online bill pay Free eStatements or paper statements Money Market For higher rates and access to your funds when you need it, the Money Market savings account can help you stretch your dollar. A $1,000 minimum is required to open this account to access benefits, including: 6 free withdrawals per month* Free online and mobile banking* Free online bill pay Free eStatements or paper statements More Savings Account Options If you do not need immediate access to your funds, Certificates of Deposit (CDs) typically offer higher rates than other savings accounts. A First Bank CD is a safe, FDIC-insured investment, and requires minimum deposit of $1,000 is required to open.* In addition to these accounts, we also offer Individual Retirement Accounts (IRAs) and Health Savings Accounts (HSAs) to accommodate your specific savings needs.* How Savings Account Rates in North Carolina are Calculated 6 min read
Assortment of cleaning products and supplies on wooden floor 5 Steps to Kick off Your Spring Cleaning It may be hard to believe, but spring is just around the corner. We’re here to guide you through the spring cleaning process one step at a time. 3 min read
How To Make A Budget The best way to save money and gain control over your finances is to make a budget. Follow these simple steps to make a budget that will save you money and bring you peace of mind about your spending. Making a Budget People often set their budgets according to a monthly schedule because most living expenses are based on monthly billing cycles. As such, it won’t hurt to spend one full month making your budget. That way you’ll come up with the most accurate data possible. Record All Your Expenses Keep track of everything you pay each month. This includes: Rent/mortgage Car payments Car warranty Utility bills Student loans Cell phone bill Gas Groceries Insurance (car, health, or any other type) Home warranty Memberships to gyms or clubs Charitable donations Many of your monthly expenses are fixed amounts. But others, such as gas and groceries, will fluctuate from one month to the next. Round slightly up for these as it’s better to come up a little short of the intended number than to go over it. Also, some payments such as car insurance might be quarterly or yearly. Figure out how much it equates to per month and factor the payment in that way. Record Your Income The next step is to tally up how much money you’re bringing in each month. If you have a job that pays hourly or by commission and each paycheck varies a little, round slightly down. It’s better to bring in a little more money than what you intended as opposed to coming up short. Do the Math Now that you know what’s going out and what’s coming in, do the math to determine how much is left over. If the difference is positive (you’re making more than you spend): Great! You have extra money that can be put in a savings account, vacation account, or to be used for fun spending money. Or, use it to chip away at those student loans or car payments. Remember, the faster you pay those off, the less you’ll spend in interest in the long run. If the difference is negative (you’re spending more than you make): You’re operating in debt and the sooner you can curb the momentum, 4 min read
Image for tile. Lock It Up: Protect Your Login Info These days an increasing number of people are online creating accounts for shopping, streaming services, or to stay connected with other people. Of course, with all those accounts on various websites, who wants to create a different username and password every time? Well, it turns out the extra effort is worth it. Having different logins for your online shopping or subscription accounts can reduce your risk of fraud. Here’s why: if you use the same username and password across multiple sites and one of them is compromised, access to the other sites is automatically at risk. Fraudsters will then use the stolen credentials on those other sites to see if they can gain access and attempt various forms of fraud or other data mining activity. Please note: First Bank has several protective measures in place to ensure that your information is secure and that your account is safe from this type of fraud. But your other online accounts may not be so well guarded. Here are some tips to help you make each of your log-ins stronger and more secure: Use different login information. Not surprisingly, this is the best thing you can do to keep fraudsters out of your retail or subscription accounts. This means you will need to resist using your favorite username or password over and over again because it is the easiest to remember. Create strong/unique usernames and passwords. When using different usernames and passwords, use information that is not easily identifiable, but something you can remember. The more complex, the less likely it is to be guessed. One more tip: use numbers, capital letters, and special characters throughout your username or password, not just at the beginning or end. Enable two-factor/multi-factor authentication where available. By enabling this feature, a user is provided a second form of identification to verify a log in attempt. Think of it as a second layer of protection against potential attackers. This can be as simple as receiving a code via text or email, or clicking a link to confirm a log in from an unfamiliar device. Keep second factor information confidential. Never give out your second factor code to anyone – even if they say they are from a favorite 3 min read