Financial Education Center

Let First Bank Spring Forward Your Finances

At First Bank, it’s easy to spring your finances forward with our fantastic checking and savings products and solutions. From checking accounts and a high-yield savings account to exceptional rates on certificates of deposit (CDs), First Bank has everything you need to plant seeds for the future.

When Breaking Up With Your Bank Makes Sense

If your bank just isn’t offering the products and services you want and need, or you feel you could benefit from trying out another banking provider, you may want to consider shopping around. Learn about all that First Bank can offer you as a banking partner.

What is a High-Yield Savings Account? Why Should I Have One?

When it comes to building a solid financial foundation, one of the core elements is a savings account. A traditional savings account is a great way to keep your money safe, however, consumers are often looking for better ways to grow their money while keeping it secure, often with a high-yield savings account (HYSA).

Navigating Uncertainty: Helping Clients to Overcome Common Biases in a Volatile Market

First Bank's Wealth Management advisors help clients avoid three common behavioral biases that can lead to poor investment decisions and aim to align strategic plans with short and long-term goals, risk tolerance, and life stage.

What Is Compound Interest and How Can I Earn It?

You might have heard of the term compound interest before and the benefits it can have on your finances. A compound interest account is any account that pays you interest on your principal and interest, not just your original deposit.

The Fed Finally Cut Interest Rates. What Could It Mean for Your Finances?

The Federal Reserve's Federal Open Market Committee (FOMC) lowered the benchmark federal funds rate one-half percentage point. It was the first rate cut since the Fed raised the funds rate aggressively from March 2022 to July 2023. The long-awaited policy shift suggests that a soft landing — the rare feat of bringing down inflation without causing a recession — is in sight.