FirstBank Interest Checking Turns Deposits Into Assets. (2024)

This account is only available to consumers. To open this account, you must deposit a minimum of $1,000. A minimum balance fee of $8 will be imposed every month if account balance falls below $1,000 any day of the month. You may make an unlimited number of deposits into your account. Check writing is unlimited with no per check fee assessed. Rate Information– The interest rate and annual percentage yield for your account depends upon the applicable rate tier. The interest rate and annual percentage yield for these tiers may change. To obtain the annual percentage yield disclosed you must maintain a minimum balance of $1,000.00 in the account each day. Tier 1- Balances of $0.00 to $999.99 earn an interest rate of 0.00% with an annual percentage yield (APY) of 0.00%. Tier 2- Balances of $1000.00 to $9,999.99 earn an interest rate of 0.41% with an APY of 0.41%. Tier 3- Balances of $10,000.00 to $24,999.99 earn an interest rate of 0.41% with an APY of 0.41%. Tier 4- Balances of $25,000.00 to $49,999.99 earn an interest rate of 0.45% with an APY of 0.45%. Tier 5- Balances of $50,000.00 and above earn an interest rate of 0.50% with an APY of 0.50%. Applicant must be 18 years of age or older to open an account. Applicants under the age of 18 applying for a checking account must have an adult co-owner (18 years of age or older) on the account. Rates are subject to change. APY is accurate as of 03/25/2024. Fees may reduce earnings.