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 |
| Regular |
| Free |
|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 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 04/17/2014. 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.
Added perks of banking with First IB:iScan Deposit
Makes depositing checks fast and easy!FinanceWorks
View and track balances for all your accounts—even if some are with other banks! These built-in tools help you monitor spending and budgets.Earth-friendly Finances
Sign up for electronic statements, and save paper!Overdraft Protection
This optional safety feature can link your checking to your savings. Or, apply for an Overdraft Line of Credit.