Regular Savings
An account that allows you to save money and earn interest while building your savings.
Features and Benefits
- Start immediately earning a variable rate of interest
- Low opening balance
- Low minimum balance
- Unlimited transactions through First Citizens ATMs
- Quarterly statements
Terms
- Opening balance $100
- $250.00 minimum balance to avoid fees
- Permitted up to 3 withdrawals and 6 transfers per quarter. If you exceed the 3 allowed withdrawals, there will be a $2.50 service charge per withdrawal for each additional withdrawal paid.If you exceed the 6 allowed transfers, there will be a $2.50 service charge per transfer for each additional transfer. (Current regulatory rules limit telephone transfers, preauthorized transfers, and First Connection transfers to a total of 6.
First Time Savings Account
An account that allows minors (17 years of age and younger) to save money and earn interest while building a savings.
Features and Benefits
- Low opening deposit amount
- No minimum quarterly balance requirements
- Interest earned at a variable rate
- Quarterly statements
- Unlimited transactions through First Citizens ATMs
Terms
- Opening balance of only $50.00
- Permitted up to 3 withdrawals and 6 transfers per quarter. If you exceed the 3 allowed withdrawals, there will be a $2.50 service charge per withdrawal for each additional withdrawal paid. If you exceed the 6 allowed transfers, there will be a $2.50 service charge per transfer for each additional transfer. (Current regulatory rules limit telephone transfers, preauthorized transfers, and First Connection transfers to a total of 6.)
Christmas Club
An account that allows you to plan and save for those holiday expenses.
Features and Benefits
- Opening balance of only $5.00
- Earns variable rates of interest
- Weekly deductions from your First Citizens checking account
- Automatically renews for the next club year
Terms
- Requires automatic transfer weekly from a First Citizens checking account
- Minimum transfer of $5.00
- Early withdrawal penalty if the account is closed before the end of the club year and after the 30-day grace period. All accrued interest will be forfeited and a $10.00 service charge will be imposed. In the event an account owner dies or is declared incomptetent, the penalty will be waived.
- 30-day grace period to change or close account; otherwise automatically renewed
Certificate of Deposits
Your investment earns market rate of interest while providing the security of FDIC Insurance. Flexible opening deposit amounts and investment periods allow you to invest according to your needs.
Features and Benefits
- Flexible investment terms
- Opening deposit amounts based on investment terms
- Automatic renewal feature
- FDIC Insured
Terms
- Investment terms range from 7 days to 5 years or longer
- Opening deposit account based on investment term
| Term | Amount |
| 7 days to less than 3 months | $10,000.00 |
| 3 months to less than 1 year | $2,500.00 |
| 1 year or more | $500.00 |
- Interest payment and compounding options based on investment term and deposit amount
- Early withdrawal penalty based on the investment term and the amount withdrawn
- Investment automatically renews after each investement term.
- Grace period allowed and based on investment term.
Repurchase Agreement - Investments
Customers who have exceeded their FDIC Insurance limits can utilize Repurchase Agreements as an investment tool.
Features and Benefits
- Flexible investment terms paying market rates
- Investment is secured by government securities
- Available to consumers and business customers
Terms
- Investment terms range form 7 days to 5 years or longer
- Minimum opening deposit $100,000.00
- Early withdrawal penalty based on investment term and amount withdrawn
- Secured by government securities. NOT FDIC INSURED
- Does not renew automatically at maturity
