ASTONISHING!
A Savings Account With CD Rates?
Platinum Savings
Get the convenience of a savings account WITH a CD-type interest rate!
- No minimum opening deposit
- Tiered account - the higher your balance, the higher your interest rate
- Maintain a $10,000 average collected balance, and we’ll waive the $25.00 monthly service charge.
Platinum Savings Rates and Tiers
Rates and annual percentage yields (APY) effective as of February 19, 2020. Subject to change. See us for details.
| Account | Daily minimum balance to earn APY | Interest Rate | APY |
|---|---|---|---|
| Platinum Savings* | $9,999.99 and below | 0% | 0% |
| Platinum Savings* | $10,000.00 - $49,999.99 | 0.25% | 0.25% |
| Platinum Savings* | $50,000.00 - $99,999.99 | 0.61% | 0.61% |
| Platinum Savings* | $100,000.00 - $249,999.99 | 0.91% | 0.91% |
| Platinum Savings* | $250,000.00 and above | 1.16% | 1.17% |
*No minimum balance to open. $10,000 minimum average collected balance is required to avoid a service charge.If the minimum average collected balance is not met, a $25.00 monthly service charge will be assessed. (Excludes applicable taxes.) Interest rates and annual percentage yields are variable and subject to change daily. Fees could reduce earnings.
Savings Account Comparison
| Q: Is the account for someone under the age of 14? | Q: Are you just starting to save? | Q: Are you looking for an account that pays a competitive interest rate? | |
| Power Saver Savings Designed for kids 14 & younger. | Basic Savings A great way to start saving! | Platinum Savings Our high balance, high-yield account for serious savers. | |
|---|---|---|---|
| How to get started | $5.00 Minimum opening deposit. Quarterly statement1. | No minimum to open Easy way to start saving! Quarterly statement1. | $0 Minimum opening deposit. Monthly Statement1. |
| Interest | Earn interest Paid on the daily collected balance. Compounded and paid quarterly. | Earn interest Paid on the daily collected balance. Compounded and paid quarterly. | Earn tiered interest Paid on the daily collected balance of $10,000 or more. See a Personal Banker for complete information about rates and tiers. Compounded and paid monthly. |
| Sweet perks | Power Saver Club Exclusive membership in First Citizens Power Saver Club. Membership includes:
| Automatic Saving Build your savings faster when you set-up automatic deposits into your account. You can also sign up for our uSave Program, an automatic saving program between your First Citizens spending and savings accounts when you use your First Citizens debit card. | Automatic Saving Build your savings faster when you set-up automatic deposits into your account. You can also sign up for our uSave Program, an automatic saving program between your First Citizens spending and savings accounts when you use your First Citizens debit card. |
| Online access | Enroll in eStatements Quarterly paper statements are available with this account. Parents who enroll in Online Banking and are on the Power Saver account can switch this account to eStatements and get statements sooner. | Online Bank anytime, from anywhere at www.myfcb.bank. Free Online Banking2 with eStatements and Bill Pay. Open and fund accounts, check balances, and make transfers between First Citizens accounts. | Online Bank anytime, from anywhere at www.myfcb.bank. Free Online Banking2 with eStatements and Bill Pay. Open and fund accounts, check balances, and make transfers between First Citizens accounts. |
| Limitations | Account Transfer Limits Six pre-authorized debits allowed per month (includes telephone transfers, Online Banking transfers, Telephone Banking transfers, auto transfers for overdraft protection, and drafts.) Unlimited in-person withdrawals. | Account Transfer Limits Six pre-authorized debits allowed per month (includes telephone transfers, Online Banking transfers, Telephone Banking transfers, auto transfers for overdraft protection, and drafts.) Unlimited in-person withdrawals. | Account Transfer Limits Six pre-authorized debits allowed per month (includes telephone transfers, Online Banking transfers, Telephone Banking transfers, auto transfers for overdraft protection, and drafts.) Unlimited in-person withdrawals. |
| Fee information | n/a | Maintain a $100 average collected balance, and we’ll waive the $2.00 monthly service charge. | Maintain a $10,000 average collected balance, and we’ll waive the $25.00 monthly service charge. |
Account Opening | This account must be opened in person by an adult over the age of 18 (such as a parent, grandparent, guardian, aunt or uncle) | Open Now | Open Now |
1Savings accounts receive quarterly statements unless there are electronic transfers, then monthly statements will be received. If you have a First Citizens spending account, your savings account statement will be provided to you monthly with your checking statement.
2Downloading fees may apply.
Building a smart savings strategy starts here
Saving money is an important financial skill to master, but it also requires the right account to help make the most of the money you’ve put away.
Special Savings Accounts
Power Saver Account
- A savings account an adult over the age of 18 (such as a parent, grandparent, guardian, aunt or uncle) can open with their name on the account for a child (ages 14 and under).
- Teaches the importance of saving along with having fun!
- Exclusive Power Saver activities (movies, pool parties, and more!)
- Special drawings
Click here to learn more!
Health Savings Account
- An HSA is an account designed to help you save specifically for health care costs.
- It is used in conjunction with a high-deductible health plan.
- You control what you use the funds in your HSA for.
- The money in your account rolls over from year to year.
Your tax adviser can help you decide if an HSA is the right solution for you.
Christmas Club Account
Do holiday expenses put a strain on your budget? Open a Christmas Club Account!
- Earn interest*
- No minimum opening deposit
- Deposits can be made in any amount at any time
- Your Christmas Club account balance automatically transfers to your First Citizens checking or savings account on November 1st of each year.
*No interest earned on balances over $5,000.00 Penalty applies for early withdrawal.
Higher Learning Fund
A college education is a significant financial investment. This account helps you save specifically for college by saving and building the balance through compound interest. The account matures when the child graduates from high school.
- No minimum opening deposit
- Interest is paid on the daily collected balance. Compounded and paid quarterly.
- Ability to make automatic transfers from checking or savings accounts
- Interest equal to three-year Constant Maturity Treasury Rate as reported in the Wall Street Journal and is subject to change quarterly
- One year penalty for early withdrawal
