Government institutions work with the people's money, so you can't afford to risk losing it. We created this fully collateralized account so you can be sure every dollar is safe.
With this interest bearing account, First Bank pledges securities as collateral for the full amount on deposit above the FDIC $250,000 limit for all accounts held by the entity. That way, you can put your money to work without having to every worry.
- Entire balance guaranteed, even above FDIC limits
- Available to federal and municipal entities and qualified tribal organizations
- $15,000 deposit to open account
- $15 monthly charge
How to Waive a Service Charge
- $15,000 minimum daily balance
- Must have an active First Bank checking account
- Federal regulations limit the number of pre-authorized transfers to 6 per month*
*Transfers on a savings account to another account or to third parties by pre-authorized, automatic or telephone transfers over 6 per month will be charged a $5 fee.