Start Saving Your Way
Developing a smart saving strategy is important, no matter how old you are. That’s why First Option Bank offers multiple savings accounts, to give you a choice so you can save the way you want. Whether you want to teach your child the value of saving, save for your own goals or save for potential medical expenses, you have options with us. To open a savings account, stop in to one of our offices and speak with our personal banking team.
Compare Our Savings Accounts
Account Name | Choose this account if… | Opening Balance Requirement | Fees | Account Benefits |
|---|---|---|---|---|
Fun Buddy Savings | You want to open an account for a child age 12 or younger to teach them how to save. | $10 | None | Competitive interest calculated on daily collected balance is compounded and credited quarterly
Free Fun Buddy T-Shirt or piggy bank
Free Fun Buddy account book
Deposits earn points that can be redeemed for prizes
Access to Fun Buddy club activities
|
Regular Savings | You want a traditional savings account with low fees. | $50 | $1.50 for each additional withdrawal after 5 free withdrawals
$1.50 per calendar quarter service charge for balances under $50 | Five (5) free withdrawals per quarter
Competitive interest calculated on daily collected balance is compounded and credited quarterly
|
Health Savings | You want to start an account to save for eligible medical expenses in connection with your high-deductible health plan
| None | None | Tiered interest rates available based on balance
Free online and mobile banking
Receive an Instant Issue Visa® debit card for point-of-sale transactions
Must be enrolled in a high deductible health plan
Cannot be enrolled in Medicare
Cannot be claimed as a dependent on someone else’s tax return
Funds are FDIC-insured
Tax-free withdrawals* |
*Consult your tax advisor
Switch to Us
Ready to experience the difference of working with First Option Bank? Complete our online switch kit to get all the paperwork taken care of so you can take the hassle out of switching your accounts.
Start Your Switch