It is always a good time for savings.
An important part of any personal financial plan is saving. Whether you have short-term goals or lifetime ambitions, First American Bank & Trust has a savings solution that will help you save and grow your money over time and help you avoid costly fees.
Manage your money with ease with a savings account from First American Bank & Trust. This account is designed for the customer who wants to earn competitive interest and avoid monthly service charges while making a limited number of withdrawals.
REQUIREMENTS:
- $25 minimum to open
- Interest paid quarterly based on market rates
- $50 collected daily balance required to avoid $6.00 quarterly service charge
- Limit of six debit transactions per statement cycle (quarterly)*
BENEFITS:
- Free online banking with bill pay
- Access to FinanceWorks personal financial management tool
- Choice of paper statements or E-Statements
- 24/7 automated phone access line
- Free Notary Service
- FDIC insured to the maximum allowed by law
*There is a $2.00 service charge for each debit transaction in excess of six per statement cycle (quarterly).
The Presidential Money Market account is a wise choice for customers who want to earn tiered interest with the ease of a money market account. The bigger your balance, the more you earn.
REQUIREMENTS:
- $25 minimum to open
- Rate tiers begin at $10,000, $25,000 and $50,000
- $5.00 monthly service charge is waived with a minimum daily balance of $1,000
- Limit of six debit transactions per statement cycle (monthly)*
BENEFITS:
- Free online banking with bill pay
- Access to FinanceWorks personal financial management tool
- Choice of paper statements or E-Statements
- 24/7 automated phone access line
- Free Notary Service
- FDIC insured to the maximum allowed by law
*There is a $5.00 service charge for each transaction is excess of six per statement cycle (monthly).
CDs from First American Bank & Trust are the safe and effective way of investing your money. Lock in a great rate and watch your savings grow.
REQUIREMENTS:
- No monthly service charge
- Substantial penalty may be assessed for withdrawal of funds prior to the maturity of the certificate
BENEFITS:
- Choose from terms from one month to five years
- Attractive fixed interest rates
- Interest compounded quarterly on CDs over one year
- FDIC insured to the maximum allowed by law
Still a great way to save, First American Bank & Trust offers four choices of Individual Retirement Accounts. Choose from a Traditional IRA, Roth IRA, Educational IRA or Simplified Employee Pension (SEP) IRA.
