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
  • Free nationwide CashPoints ATM network*

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
  • Free nationwide CashPoints ATM network*

Here’s a comparison chart of these three accounts to help you choose which can help you meet your financial needs:

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

According to Chron:

The interest rates for personal savings accounts are fixed or variable, depending on the type of account. Regular savings accounts offered by banks have fixed rates. In some cases banks guarantee the rate on a regular savings account for a period of time. Money market accounts, whether with a bank or other financial institution, have variable interest rates. Typically, the interest rate for a money market account is updated once each week.

Rates can vary depending on which savings account you find fits your lifestyle and future plans. No matter which option you choose, we want to make sure you’re getting the best rate. Consult with one of our experts to compare the best savings account rates in North Carolina at your nearest First Bank branch.

To learn more about First Bank, check out some of our related articles:

Best Savings Account – North Carolina

Best Savings Account for Kids

Stress-Free Savings Account – North Carolina


Member FDIC. 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. While First Bank does not charge for mobile banking, your mobile carrier’s message and data rates may apply. The First Bank Digital Banking Apps are available for select mobile and tablet devices. There is no charge from First Bank, but message and data rates may apply. Must enroll in First Bank Online Banking and download the First Bank Digital Banking App from the App Store or Google Play. Apple, the Apple logo, and iPhone are trademarks of Apple, Inc., registered in the U.S. and other countries. App Store is a service mark of Apple, Inc. Android and Google Play are trademarks of Google Inc. The First Bank Digital Banking Apps are available for select mobile and tablet devices. There is no charge from First Bank, but message and data rates may apply. Customers must enroll in First Bank Online Banking and download the First Bank Digital Banking App from the App Store or Google Play. Free ATM network includes First Bank, First Bank of Virginia and CashPoints® terminals. Out of network terminal owners may charge a service fee. 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. CDs are subject to penalty for early withdrawals prior to maturity date. Penalty will reduce earnings. Member FDIC. Distributions from IRAs before age 59 1/2 may be subject to an IRS early withdrawal penalty. Please consult your tax advisor or accountant with any tax-related decisions. Member FDIC. 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. Free ATM network includes First Bank, First Bank of Virginia and CashPoints® terminals. Out of network terminal owners may charge a service fee.

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Sources:

U.S. News: http://money.usnews.com/money/blogs/my-money/2014/01/07/5-simple-ways-to-make-any-financial-goal-easier-to-achieve
Chron: http://smallbusiness.chron.com/interest-calculated-personal-savings-account-4075.html