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Savings Accounts

Home For You Savings

Start Saving How You Want

Whether you’ve just started saving, have been saving for years or want to teach your child the value of saving their money, First State has a savings account to help you start saving better. We can also help if you are interested in opening a Health Savings Account (HSA).

Each savings account offers unlimited deposits and a free ATM card.

Savings Account Comparison

Savings Account Comparison
ProductFirst Rate SavingsSavingsYouth SavingsMoney Market
 

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Description

Savings account that offers a higher interest rate if requirements are met. Account must be opened online and receive eStatements.

An account designed to help customers save money for those special occasions & extra expenses.

An introductory savings account available to young adults under the age of 19 to save money for their future.

The more you save, the more you earn.

Minimum Opening Deposit

$100.00

$100.00

$25.005

$2,500.00

Monthly Service Charge4

No Monthly Maintenance Fee,

No Minimum Balance Fee.

 

$1.00 service charge for each additional withdrawal after 6 per statement cycle.

A fee of $4.00 will be charged if your average daily balance falls below $100.00 per statement cycle.¹

$1.00 service charge for each additional withdrawal after 6 per statement cycle.

No Monthly Maintenance Fee,

No Minimum Balance Fee.

$1.00 service charge for each additional withdrawal after 6 per statement cycle.

A fee of $8.00 will be charged if your average daily balance falls below $2500.00 per statement cycle.


$7.50 service charge for each additional withdrawal after 6 per statement cycle.

Interest Bearing

Yes²

Yes²

Yes²

Yes²

Transaction Restrictions

Unlimited deposits. Transfers and withdrawals are limited.³

Unlimited deposits. Transfers and withdrawals are limited.³

Unlimited deposits. Transfers and withdrawals are limited.³

Unlimited deposits. Transfers and withdrawals are limited.³

Benefits
Online Banking

Yes

Yes

Yes

Yes

Visa® Debit/ATM Card

 Free ATM card with account.

Free ATM card with account.

Free ATM card with account.

Free Debit card with account.

1$4.00 service charge waived for youth (under 19).

2See current rate sheet for rates and terms. Rates are subject to change at any time.

3Regulation D limits certain types of withdrawal and transfer transactions you can make out of your savings account to a maximum combined total of six (6) per calendar month.

4$4.00 dormant account fee per month after 13 months of no activity.

5Initial deposit of $95 or more receive a $5 bonus.

 

Baby Room

Health Savings Accounts

Available to customers who are enrolled in a high-deductible health plan, a Health Savings Account is a useful tool to help reduce the amount you pay out-of-pocket before you hit your insurance deductible.

Your HSA can pay for day-to-day medical expenses, prescriptions and appointments not covered by your health insurance, all while offering tax benefits. Please consult your tax advisor to determine specific tax benefits.

Account Features

  • Visa® Debit Card issued to make purchasing easy
  • Interest-earning account
  • No monthly service charges
  • Online Banking and Bill Pay access

 

 

Savings Account Rates

First Rate Savings**

Savings Account Rates
Minimum Available Balance RequirementInterest RateAPY*Minimum Deposit to Open Account
No minimum balance requirement1.49%***1.50%$100.00
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Money Market Account*

Money Market Account
Minimum Available Balance RequirementInterest RateAPY*Minimum Deposit to Open Account
$0 to $4,999.990.20%0.20%$2,500.00
$5,000.00 to $49,999.990.20%0.20%$2,500.00
$50,000.00 to $99,999.990.20%0.20%$2,500.00
$100,000.00 to $249,999.990.35%0.35%$2,500.00
$250,000 & over0.35%0.35%$2,500.00

Savings Account*

Savings Account
Minimum Available Balance RequirementInterest RateAPY*Minimum Deposit to Open Account
$0 to $74,999.990.10%0.10%$100.00
$75,000.00 & over0.15%0.15%$100.00

HSA Accounts*

HSA Accounts
Minimum Available Balance RequirementInterest RateAPY*Minimum Deposit to Open Account
$0 to $999.990.05%0.05%$100.00
$1,000.00 to $4,999.990.50%0.50%$100.00
$5,000.00 & over1.00%1.00%$100.00

*APY = Annual Percentage Yield.

**Rates may change after the account is opened. Fees may reduce earnings.

***Requirements include a $100 minimum deposit, the account must be opened online and enrolled in eStatements. Rate when requirements are not met is .05%.