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Savings

It is always a good time for savings.
An important part of any personal financial plan is saving. Whether you have short-term goals or lifetime ambitions, First American Bank & Trust has a savings solution that will help you save and grow your money over time and help you avoid costly fees.
Manage your money with ease with a savings account from First American Bank & Trust. This account is designed for the customer who wants to earn competitive interest and avoid monthly service charges while making a limited number of withdrawals.

REQUIREMENTS:
  • $25 minimum to open
  • Interest paid quarterly based on market rates
  • $50 collected daily balance required to avoid $6.00 quarterly service charge
  • Limit of six debit transactions per statement cycle (quarterly)*

BENEFITS:
  • Free online banking with bill pay
  • Access to FinanceWorks personal financial management tool
  • Choice of paper statements or E-Statements
  • 24/7 automated phone access line
  • Free Notary Service
  • FDIC insured to the maximum allowed by law

*There is a $2.00 service charge for each debit transaction in excess of six per statement cycle (quarterly).
The Presidential Money Market account is a wise choice for customers who want to earn tiered interest with the ease of a money market account. The bigger your balance, the more you earn.

REQUIREMENTS:
  • $25 minimum to open
  • Rate tiers begin at $10,000, $25,000 and $50,000
  • $5.00 monthly service charge is waived with a minimum daily balance of $1,000
  • Limit of six debit transactions per statement cycle (monthly)*

BENEFITS:
  • Free online banking with bill pay
  • Access to FinanceWorks personal financial management tool
  • Choice of paper statements or E-Statements
  • 24/7 automated phone access line
  • Free Notary Service
  • FDIC insured to the maximum allowed by law

*There is a $5.00 service charge for each transaction is excess of six per statement cycle (monthly).
CDs from First American Bank & Trust are the safe and effective way of investing your money. Lock in a great rate and watch your savings grow.

REQUIREMENTS:
  • No monthly service charge
  • Substantial penalty may be assessed for withdrawal of funds prior to the maturity of the certificate

BENEFITS:
  • Choose from terms from one month to five years
  • Attractive fixed interest rates
  • Interest compounded quarterly on CDs over one year
  • FDIC insured to the maximum allowed by law

Still a great way to save, First American Bank & Trust offers four choices of Individual Retirement Accounts. Choose from a Traditional IRA, Roth IRA, Educational IRA or Simplified Employee Pension (SEP) IRA.

Learn more about IRAs