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Savings

As your community bank, we understand that everyone's picture of a healthy financial future looks different. That's why we offer a variety of savings accounts to support your individual goals. Whether you are saving for your next vacation, looking to begin your next home project, or reaching for something greater, we are here to support your goals, no matter the size.

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Compare our Savings Accounts

Compare our Savings Accounts
Kasasa SaverStatement SavingsHoliday Clubs*Hopes and Dreams Club*KIDS AccountGold Money Market
Debit CardATM onlyATM onlyN/AN/ANoATM only
Interest Rate0.02%-0.50%0.04%0.25%0.25%0.20%0.00%-0.15%
Minimum Balance to OpenN/A$25$25$25$1$1,000
Minimum Balance to Avoid Service ChargeN/A$300$0.01$3N/A$1,000
Monthly Service Charge if below Minimum BalanceN/A$4N/A$20
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    *Club Accounts have a term of 52 weeks. There is an early termination fee of $10, if the account is closed prior to maturity.

    FAQ

    What types of savings accounts does First Hope offer?

    We offer savings accounts with no minimum balance and a variety of benefits. We also offer holiday clubs and savings accounts for kids!

    Is there a minimum deposit required to open a savings account?

    Some accounts do have a monthly maintenance fee, however, the fee can be waived so long as the corresponding minimum balance requirement is satisfied.

    How is interest calculated on savings accounts?

    The interest is calculated on the daily balance of your account. The annual percentage yield reflects the true interest rate earned when compounding daily interest. Depending on the account, interest may be credited monthly or quarterly.

    Are there any withdrawal limits for savings accounts?

    As of today, we do not have a limit on the number of withdrawals or transfers you can make from your savings account. This can change based on the rules around the Federal Reserve’s Regulation D.

    Can I link my savings account to a checking account for overdraft protection?

    Yes, you can link your savings and checking account for overdraft protection.

    Does First Hope charge fees for savings accounts?

    Some of our accounts have a minimum balance requirement. If the balance is not met, a monthly maintenance fee may apply.

    How do I set up automatic transfers to my savings account?

    You can set up automatic transfers via online banking or you can visit a local branch.

    Can I access my savings account via online or mobile banking?

    Yes, you may access your savings account via online or mobile banking.

    Is there a penalty for early withdrawal from a high-yield savings account?

    No, a penalty will not apply for a withdrawal on a savings account. 

    What documents are needed to open a savings account?

    Photo identification and proof of address are needed to open a savings account. Depending on the type of account, additional documents may be required. Please contact a local branch for additional information.

    Money Market – Money Market
    Certificates of Deposit – Certificates of Deposit
    IRA Certificates of Deposit – IRA Certificates of Deposit

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