At First Bank, we envision a future where our time, attention and charitable funding collectively help shape a more positive future for generations to come. First Bank is passionate about supporting educational options for all young people, but especially those from historically disadvantaged communities.
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.
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.
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).
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.
Regardless if you’re just starting out, starting over, or are somewhere in between, it’s important to include saving for the future as part of your financial plan. Designed to safeguard your money until you need it, a savings account is a secure place to deposit your money while building up your savings over time.
If you’re just getting started or have decided it’s time to start building up your short or longer-term savings, you may be wondering if a traditional savings account, a high-yield savings account, or a Certificate of Deposit (CD) is the right solution for you. Let’s take a closer look at three popular, non-retirement savings options.