First Bank Money Market Rates and Options

First Bank offers competitive money market rates to help your savings grow. Their rates are tiered, meaning the higher your balance, the higher your interest rate.

With First Bank, you can earn a competitive rate of up to 2.50% APY on balances up to $250,000. This is a great option for those looking to earn a high-yield interest rate on their savings.

First Bank's money market accounts also come with flexible access to your funds, so you can withdraw cash or transfer funds online or by phone.

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First Bank offers a variety of money market account options with competitive rates.

The minimum balance to open a First Bank money market account is $200.

With a First Bank money market account, you can earn interest on your deposits, and deposits are FDIC insured, meaning your money is protected up to $250,000.

Interest rates vary based on your account balance, with higher balances earning higher interest rates.

For another approach, see: Uti Bank Fixed Deposit Interest Rates

Here's a breakdown of the interest rates offered by First Bank:

You can also earn higher interest rates with higher balances, up to 0.15% APY for balances over $500,000.

Interest withdrawals and fees may reduce your earnings, so be sure to review the terms and conditions before opening an account.

First Bank's money market rates are attractive, with interest rates that vary based on your balance. The rates are accurate as of December 19, 2024.

Interest rates start at 0.05% APY for balances up to $24,999.99. This is a relatively low rate, but it's still better than keeping your money in a traditional savings account.

To earn the highest rate, you'll need a balance of $500,000 or more, which gets you a 0.15% APY. This is a significant difference from the lower rates, making it worth considering if you have a large sum to deposit.

Here's a breakdown of the rates based on your balance:

Keep in mind that rates are subject to change and may not be the same when you open an account.