Savings Accounts to Help You Be Prepared
Building a smart savings strategy starts here. Saving money is an important financial skill to master, but it also requires the right account to help make the most of the money you’ve put away.
Other Saving Options
We offer other saving options to help save for health expenses, Christmas time, and higher education.
Account Information
$5.00 Minimum to Open
Quarterly statement*
Earn Interest
Paid on the daily collected balance. Compounded and paid quarterly.
See Current Rates
Account Opening
This account must be opened in person by an adult over the age of 18 (such as a parent, grandparent, guardian, aunt or uncle) and provide the child's social security number.
A savings account designed for children age 14 and under.
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*Savings accounts receive quarterly statements unless there are electronic transfers, then monthly statements will be received. If you have a First Citizens checking account, your savings account statement will be provided to you monthly with your checking statement.
Account Information
No Minimum to Open
Quarterly statement*
Earn Interest
Paid on the daily collected balance. Compounded and paid quarterly.
See Current Rates
Fee Information
Maintain a $100 average collected balance, and we’ll waive the $2.00 monthly service charge.
Open Account Online
*Savings accounts receive quarterly statements unless there are electronic transfers, then monthly statements will be received. If you have a First Citizens checking account, your savings account statement will be provided to you monthly with your checking statement.
Account Information
No Minimum to Open
Monthly statement
Earn Tiered Interest
Paid on the daily collected balance of $10,000 or more.
See a Personal Banker for complete information about rates and tiers.
Compounded and paid monthly.
See Current Rates and Tiers
Fee Information
Maintain a $10,000 average collected balance, and we’ll waive the $25.00 monthly service charge.
Open Account Online
Account Information
What is a HSA?
It is an account designed to help you save specifically for health care costs.
- Used in conjunction with a high-deductible health plan
- Control what health expenses your HSA funds are used for
- The money in your account rolls over from year to year
Account Opening
Account must be opened in-person or over the phone.
Your tax adviser can help you decide if an HSA is the right solution for you.
Learn More
Account Information
What is a Christmas Club Account?
This account helps reduce the strain of holiday expenses.
No Minimum to Open
Earn Interest
No interest earned on balances over $5,000.00
Penalty applies for early withdrawal.
Deposits can be made in any amount at any time.
Your Christmas Club account balance automatically transfers to your First Citizens checking or savings account on November 1st of each year.
Information
What is a Higher Learning Fund?
This account helps you save for post secondary education, such as college or a trade program by saving and building the balance through compound interest.
The account matures on June 1 of the year the child is expected to graduate from high school.
No Minimum to Open
Earn Interest
Paid on the daily collected balance. Compounded and paid quarterly.
One year penalty for early withdrawal.
Interest equal to three-year Constant Maturity Treasury Rate as reported in the Wall Street Journal and is subject to change quarterly
Ability to make automatic transfers from checking or savings accounts.
