Personal Savings Accounts

All savings accounts include free, unlimited access to First IB's online banking, mobile banking, and telephone banking systems, multiple ways to make unlimited free deposits, and free electronic statements. And since First IB savings accounts do not offer check writing, you may consider opening a Free Checking account with no monthly fee and no minimum balance requirement, then link it to your savings.

  Money Market
Tomorrow's Tycoons1 Open 
Deposit to Open Account $100 $100 $25 $100
APY (Annual Percentage Yield) / Interest Rate 0.80% /
0.60% / 0.60% 0.40% / 0.40% 0.60% / 0.60%
Monthly Maintenance Fee $5.00 $2.00 none none
Average Daily Balance to Avoid Fee $4,000 $1,000 none none
Transactions Allowed per Month2 6 6 6 6
ATM Card yes yes yes no
ATM Surcharge Rebate up to $10.00 per month up to $10.00 per month none none
  For further details, refer to the Schedule of Fees Common to All Personal Accounts

1This account is available only to customers under the age of 18. A parent or legal guardian must be a joint account holder. The account will be transferred to Regular Savings when minor turns 18.

2You may make up to six transfers or withdrawals by means of a preauthorized, automatic, PC, or telephonic transfer to another account of yours or to a third party during any calendar month (or statement cycle of at least four weeks). Excessive withdrawals result in a $5.00 per item fee.

Rates last updated 09/25/2014. Rates are subject to change on any day and will be updated by 10 AM Eastern. Please be sure to check this page after 10 AM Eastern for the rate that will be honored today. Fees may reduce earnings on account. The period used to calculate average daily balance is monthly.