Savings

PowerSaverLogoWebPower Saver
An account designed for kids ages 14 and under that teaches the importance of saving along with having fun!

  • Minimum Opening Deposit: $5.00
  • Interest is paid on the daily collected balance. Compounded and paid quarterly.
  • Quarterly statements*
  • Power Saver Fun Pages (click here)
  • Penny Punch Card
  • Exclusive Power Saver activities (movies, pool parties and more!)
  • Special drawings
  • Account opening gift**
  • Birthday gift**
  • Check-It-Out Reading Program that encourages kids to read books
  • No monthly service charge
*Savings accounts receive quarterly statements unless there are electronic transfers, then monthly statements will be received.
**Gifts are valued at less than $10.00 each.

Basic SavingsuOpenButton3
An account that is easy and an ideal way to start saving!

  • No minimum opening deposit
  • Interest is paid on the daily collected balance. Compounded and paid quarterly.
  • Quarterly statements*
  • eStatements available
  • Free Online Banking**
  • Free Bill Pay Express
  • Six pre-authorized debits allowed per month (includes telephone, Online Banking and Telephone Banking transfers, auto transfers for overdraft protection, and drafts).
  • Monthly service charge of $2.00 (excludes applicable taxes), unless minimum average collected balance is $100, then fee is waived. Fees could reduce earnings.

*Savings accounts receive quarterly statements unless there are electronic transfers, then monthly statements will be received. If you have any First Citizens checking account, your savings account statement will be provided to you monthly on a uni-statement.

**Downloading fees may apply.


Tiered SavingsuOpenButton3
An account that pays competitive interest rates on larger deposits.

  • Minimum opening deposit of $1,000.
  • Interest is paid on daily collected balances of $1,000 or more. Compounded and paid monthly.
  • Free Online Banking**
  • Free Bill Pay Express
  • Monthly statements*
  • eStatements available
  • Tiered rates to help you earn more. Tiers at $1,000, $2,500 and $5,000.
  • Six pre-authorized debits allowed per month (includes telephone, Online Banking and Easy Access Line transfers, auto transfers for overdraft protection, and drafts).
  • Monthly service charge of $2.00 (excludes applicable taxes), unless minimum average collected balance is $100, then fee is waived. Fees could reduce earnings.

*Savings accounts receive quarterly statements unless there are electronic transfers, then monthly statements will be received. If you have any First Citizens checking account, your savings account statement will be provided to you monthly on a uni-statement.

**Downloading fees may apply.


High Balance SavingsuOpenButton3
An account that pays competitive interest rates on larger deposits.

  • Minimum opening deposit of $10,000.
  • Interest is paid on daily collected balances of $10,000 or more. Compounded and paid monthly.
  • Monthly statements*
  • eStatements available
  • Free Online Banking**
  • Free Bill Pay Express
  • Tiered rates to help you earn more. Tiers at $10,000, $25,000, $50,000 and $100,000
  • Six pre-authorized debits allowed per month (includes telephone, Online Banking and Easy Access Line transfers, auto transfers for overdraft protection, and drafts).
  • Monthly service charge of $2.00 (excludes applicable taxes), unless minimum average collected balance is $100, then fee is waived. Fees could reduce earnings.

*Savings accounts receive quarterly statements unless there are electronic transfers, then monthly statements will be received. If you have any First Citizens checking account, your savings account statement will be provided to you monthly on a uni-statement.

**Downloading fees may apply.


Higher Learning Fund
An account designed especially for saving money for college.

  • No minimum opening deposit
  • Interest is paid on the daily collected balance. Compounded and paid quarterly.
  • Ability to make automatic transfers from checking or savings accounts
  • Fund matures when child graduates from high school
  • Interest equal to three-year Constant Maturity Treasury Rate as reported in the Wall Street Journal and is subject to change quarterly
  • One year penalty for early withdrawal
  • No monthly service charge

Christmas ClubuOpenButton3
An account that helps you save all year for your holiday expenses.

  • No minimum opening deposit.
  • Interest is paid on the daily collected balance and compounded on October 31 of each year.*
  • Balance is automatically transferred to your First Citizens checking or savings account on November 1 of each year.
  • Deposits accepted anytime in any amount.*

*Interest rate may vary. No interest earned on balances over $5,000. Penalty applies for early withdrawal. Fees could reduce earnings.


Health Savings Account

A Health Savings Account (HSA) allows you to save for future medical expenses. You control the funds in your HSA, and decide when and how you want to use them in conjunction with your qualified high deductible health plan.

The amount you may add to your HSA may change due to cost-of-living adjustments. There are additional qualification requirements that must be met, e.g. no other medical coverage, not enrolled in Medicare, and cannot be claimed as a dependent on someone else’s tax return.

Please check with your tax adviser as to whether you would qualify for a HSA.