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Savings Accounts

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

All rates are effective as of March 12, 2024.

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 and 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

$100

$251

$2,500

Monthly Service Charge2

No monthly service charge, no minimum balance.

 

$1 service charge for each additional withdrawal after 6 per statement cycle.

A service charge of $4 will be charged if your average daily balance falls below $100 per statement cycle.3

$1 service charge for each additional withdrawal after 6 per statement cycle.

No monthly service charge, no minimum balance.

$1 service charge for each additional withdrawal after 6 per statement cycle.

A service charge of $8 will be charged if your average daily balance falls below $2,500 per statement cycle.


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

Interest Bearing

Yes4

Yes4

Yes4

Yes4

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

1Initial deposit of $95 or more receive a $5 bonus.

2$4.00 dormant account fee per month after 13 months of no activity.

3$4.00 service charge waived for youth (under 19).

4See current rate sheet for rates and terms. Rates are subject to change at any time.

 

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

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Savings Account Rates

First Rate Savings**

Savings Account Rates
Minimum Available Balance RequirementInterest RateAPY*Minimum Deposit to Open Account
No minimum balance requirement1.98%**2.00%$100.00
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Money Market Account*

Money Market Account
Minimum Available Balance RequirementInterest RateAPY*Minimum Deposit to Open Account
$0 to $49,999.990.10%0.10%$2,500.00
$50,000.00 to $99,999.990.25%0.25%$2,500.00
$100,000.00 to $249,999.991.00%1.00%$2,500.00
$250,000 & over1.49%1.50%$2,500.00
Apply Now

Savings Account*

Savings Account
Minimum Available Balance RequirementInterest RateAPY*Minimum Deposit to Open Account
$0 to $74,999.990.15%0.15%$100.00
$75,000.00 & over0.20%0.20%$100.00
Apply Now

HSA Accounts*

HSA Accounts
Minimum Available Balance RequirementInterest RateAPY*Minimum Deposit to Open Account
$0 to $999.990.25%0.25%$100.00
$1,000.00 to $4,999.990.50%0.50%$100.00
$5,000.00 & over1.24%1.25%$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 .01%.