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Savings Accounts

Start Saving How You Want

Whether you’ve just started saving, have been saving for years or want to teach your child the value of saving their money, First State has a savings account to help you start saving better. We can also help if you are interested in opening a Health Savings Account (HSA).

Each savings account offers unlimited deposits and a free ATM card.

Savings Account Comparison

All rates are effective as of March 12, 2025.

Savings Account Comparison
Product
 
First Rate SavingsApply Now
SavingsApply Now
Youth SavingsApply Now
Money MarketFind a Branch
Description
First Rate Savings

Savings account that offers a higher interest rate if requirements are met. Account must be opened online and receive eStatements.

Savings

An account designed to help customers save money for those special occasions and extra expenses.

Youth Savings

An introductory savings account available to young adults under the age of 19 to save money for their future.

Money Market

The more you save, the more you earn.

Minimum Opening Deposit
First Rate Savings

$100

Savings

$100

Youth Savings

$251

Money Market

$2,500

Monthly Service Charge2
First Rate Savings

No monthly service charge, no minimum balance.

 

$1 service charge for each additional withdrawal after 6 per statement cycle.

Savings

A service charge of $4 will be charged if your average daily balance falls below $100 per statement cycle.3

$1 service charge for each additional withdrawal after 6 per statement cycle.

Youth Savings

No monthly service charge, no minimum balance.

$1 service charge for each additional withdrawal after 6 per statement cycle.

Money Market

A service charge of $8 will be charged if your average daily balance falls below $2,500 per statement cycle.


$7.50 service charge for each additional withdrawal after 6 per statement cycle.

Interest Bearing
First Rate Savings

Yes4

Savings

Yes4

Youth Savings

Yes4

Money Market

Yes4

Benefits
Online Banking
First Rate Savings

Yes

Savings

Yes

Youth Savings

Yes

Money Market

Yes

Visa® Debit/ATM Card
First Rate Savings

 Free ATM card with account

Savings

Free ATM card with account

Youth Savings

Free ATM card with account

Money Market

Free Debit card with account

Savings Account Comparison
ProductFirst Rate SavingsSavingsYouth SavingsMoney Market
 Apply NowApply NowApply NowFind a Branch
Description

Savings account that offers a higher interest rate if requirements are met. Account must be opened online and receive eStatements.

An account designed to help customers save money for those special occasions and extra expenses.

An introductory savings account available to young adults under the age of 19 to save money for their future.

The more you save, the more you earn.

Minimum Opening Deposit

$100

$100

$251

$2,500

Monthly Service Charge2

No monthly service charge, no minimum balance.

 

$1 service charge for each additional withdrawal after 6 per statement cycle.

A service charge of $4 will be charged if your average daily balance falls below $100 per statement cycle.3

$1 service charge for each additional withdrawal after 6 per statement cycle.

No monthly service charge, no minimum balance.

$1 service charge for each additional withdrawal after 6 per statement cycle.

A service charge of $8 will be charged if your average daily balance falls below $2,500 per statement cycle.


$7.50 service charge for each additional withdrawal after 6 per statement cycle.

Interest Bearing

Yes4

Yes4

Yes4

Yes4

Benefits
Online Banking

Yes

Yes

Yes

Yes

Visa® Debit/ATM Card

 Free ATM card with account

Free ATM card with account

Free ATM card with account

Free Debit card with account

1Initial deposit of $95 or more receive a $5 bonus.

2$4.00 dormant account fee per month after 13 months of no activity.

3$4.00 service charge waived for youth (under 19).

4See current rate sheet for rates and terms. Rates are subject to change at any time.

 

Baby Room

Health Savings Accounts

Available to customers who are enrolled in a high-deductible health plan, a Health Savings Account is a useful tool to help reduce the amount you pay out-of-pocket before you hit your insurance deductible.

Your HSA can pay for day-to-day medical expenses, prescriptions and appointments not covered by your health insurance, all while offering tax benefits. Please consult your tax advisor to determine specific tax benefits.

Account Features

  • Visa® Debit Card issued to make purchasing easy
  • Interest-earning account
  • No monthly service charges
  • Online Banking and Bill Pay access

Find your local branch

 

 

Savings Account Rates

First Rate Savings**

Savings Account Rates
Minimum Available Balance Requirement
No minimum balance requirement
Interest Rate1.98%**
APY*2.00%
Minimum Deposit to Open Account$100.00
Apply Now
Savings Account Rates
Minimum Available Balance RequirementInterest RateAPY*Minimum Deposit to Open Account
No minimum balance requirement1.98%**2.00%$100.00
Apply Now

Money Market Savings Account*

Money Market Account
Minimum Available Balance Requirement
$0 to $49,999.99
Interest Rate0.10%
APY*0.10%
Minimum Deposit to Open Account$2,500.00
$50,000.00 to $99,999.99
Interest Rate0.25%
APY*0.25%
Minimum Deposit to Open Account$2,500.00
$100,000.00 to $249,999.99
Interest Rate1.00%
APY*1.00%
Minimum Deposit to Open Account$2,500.00
$250,000 & over
Interest Rate1.49%
APY*1.50%
Minimum Deposit to Open Account$2,500.00
Apply Now
Money Market Account
Minimum Available Balance RequirementInterest RateAPY*Minimum Deposit to Open Account
$0 to $49,999.990.10%0.10%$2,500.00
$50,000.00 to $99,999.990.25%0.25%$2,500.00
$100,000.00 to $249,999.991.00%1.00%$2,500.00
$250,000 & over1.49%1.50%$2,500.00
Apply Now

Savings Account*

Savings Account
Minimum Available Balance Requirement
$0 to $74,999.99
Interest Rate0.15%
APY*0.15%
Minimum Deposit to Open Account$100.00
$75,000.00 & over
Interest Rate0.20%
APY*0.20%
Minimum Deposit to Open Account$100.00
Apply Now
Savings Account
Minimum Available Balance RequirementInterest RateAPY*Minimum Deposit to Open Account
$0 to $74,999.990.15%0.15%$100.00
$75,000.00 & over0.20%0.20%$100.00
Apply Now

Health Savings Accounts*

HSA Accounts
Minimum Available Balance Requirement
$0 to $999.99
Interest Rate0.25%
APY*0.25%
Minimum Deposit to Open Account$100.00
$1,000.00 to $4,999.99
Interest Rate0.50%
APY*0.50%
Minimum Deposit to Open Account$100.00
$5,000.00 & over
Interest Rate1.24%
APY*1.25%
Minimum Deposit to Open Account$100.00
HSA Accounts
Minimum Available Balance RequirementInterest RateAPY*Minimum Deposit to Open Account
$0 to $999.990.25%0.25%$100.00
$1,000.00 to $4,999.990.50%0.50%$100.00
$5,000.00 & over1.24%1.25%$100.00

*APY = Annual Percentage Yield.

**Rates may change after the account is opened. Fees may reduce earnings.

***Requirements include a $100 minimum deposit, the account must be opened online and enrolled in eStatements. Rate when requirements are not met is .01%.