Save for a rainy day or sunny vacation on your own terms
Preparing for wherever life takes you next
Go on vacation. Buy a new car. Plan your dream wedding. Whatever your personal goals are, a savings account from First Citizens can help you get there. We've been helping families save for generations, and we'd love to help you, too.
CD Accounts
Our range of flexible-term certificates of deposit let you earn a steady rate.
Higher interest rates
No monthly service fee
Minimum opening deposit of $500
Learn More Learn more about CDs
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Money Market Account
Our tiered-rate personal savings account helps you reach your savings goals faster.
Competitive tiered interest rates
Unlimited withdrawals and transfers in person or at First Citizens ATMs
Minimum opening deposit of $500
Learn More Learn more about money market accounts
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Online Savings Account
Our basic interest-bearing personal savings account gives you simple terms with convenient access.
No minimum balance
Competitive rates compounded daily
Minimum opening deposit of $50
Learn More Learn more about online savings account
Open Now Open an online savings account now , Opens in a new tab
Find out what it'll take to reach your financial goals
Try Our Calculator Try our Save Toward a Goal calculator
First Citizens perks
Get more with your personal savings account
24/7 mobile deposits
Deposit checks anytime, anywhere without having to visit a branch or ATM. Simply use our mobile app to snap a photo of your check, and we'll take it from there.
A Visa® debit card
Get convenient access to your funds with a First Citizens Visa debit card. You can pay for purchases anywhere Visa is accepted worldwide.
Overdraft protection options
Choose the right level of overdraft protection coverage for your account. With multiple options to choose from, you're always in control.
A robust banking network to support you
Conveniently access your funds at over {product.FCBB.Value} local branches across {product.FCBS.Value} states, or use your Visa debit card fee free at one of our 590 ATMs.
Bank when you want
Enjoy free Digital Banking, bill pay and 24/7 mobile deposits.
Get alerts
Securely keep track of your account activity with text and email alerts.
Spot spending trends
Use the Manage My Money trends tool to visualize your spending habits.
Security
The same secure banking you've come to rely on us for in person
Security Alerts
We'll automatically send you alerts if your account credentials change.
Card Freezes
Temporarily freeze or unfreeze your card if it's lost or stolen, or if you suspect fraud.
Advanced Security
Rest assured that all your confidential account information is protected.
Insured
Your money is insured by the Federal Deposit Insurance Corporation.
Learn More Learn more about our privacy and security
Personal Savings FAQ
People often ask us
The best savings account for you depends on your savings goals. A First Citizens banker can help you choose which account is right for you based on your goals, how much you'd like to deposit and how you plan to use your account. Our personal savings accounts offer competitive interest rates and free Digital Banking, and some can even be used as overdraft protection for your First Citizens checking account. Whether you have $100 or $10,000 to save, we have an account that can help you reach your savings goals.
You can open a savings account digitally or by visiting a First Citizens branch. Online Savings and Money Market accounts can easily be opened on our website, and it only takes a few minutes to get started. Certificates of Deposit, or CDs, can only be opened by visiting a branch.
Yes. You can set up automatic deposits to any of our personal savings accounts. Learn more about direct deposits.
Yes. You can use your Visa debit card to make deposits, transfers and withdrawals up to the regulatory limit.
Interest is compounded daily and paid monthly. Interest rates on savings accounts may change daily.
It depends on the type of savings account you open. For example, Online Savings and CDs don't have a monthly fee. Other accounts, like Money Market, have monthly fees which can be waived if certain conditions are met, such as maintaining a minimum daily balance. Withdrawal fees also vary by account type and conditions. For a complete list of First Citizens savings account fees, see our Personal Account Disclosures.
Savings accounts and CDs differ in several important ways. CDs have a fixed interest rate and mature after a specific term such as 3 months or 1 year, with penalties for early withdrawal. With a savings account, you can withdraw funds any time without penalty, but the interest rate can change daily. Learn more about the differences between CDs and savings accounts.
Insights
A few financial insights for your life
College College Savings: The Rules are Changing 529 plans have more flexibility than they once did, and there are other ways to save for college. While 529s are the only tax-advantaged savings vehicle for college, there are other options that do create flexibility. Saving Understanding Personal Liquidity Personal liquidity plays a key role in your financial health. Learn how to maintain the right liquidity ratio while pursuing growth. As you evaluate your personal finances and create a financial plan, your personal liquidity can be a helpful metric to consider. Saving 3 Smart Ways To Invest in CDs Learn how to invest in CDs as a way to help you maximize savings while maintaining liquidity. By staggering the maturity dates of CDs, you can capitalize on longer-term growth options while having access to liquid funds.
Bank on Customer Service
Open an Account Today
Find a Branch Meet our associates. , Opens in a new tab Call Us Reach out and we'll help.
Account openings and credit are subject to bank approval.
For complete list of account details and fees, see our Personal Account Disclosures.
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Citizens Bank's online-only division, Citizens Access, offers a high-yield savings account with a 4.50% annual percentage yield (APY). While this isn't the highest APY on the market, it's still well above the national average rate of 0.50% APY.
A savings account is most suitable for people who are salaried employees or have a monthly income, whereas, Current Accounts work best for traders and entrepreneurs who need to access their accounts frequently. Savings accounts earn interest at a rate of around 4%, while there is no such earning from a Current Account.
A checking account helps you manage your day-to-day finances, such as paying your bills, receiving direct deposit of your paycheck and withdrawing cash from an ATM. A savings account is a place to build an emergency fund or setting aside money toward a specific goal, such as an upcoming vacation.
Everyone needs to save for a rainy day. This becomes easier with our Regular Savings Account. Simply deposit $25 to open your account, when your account balance reaches $200 there will be no monthly minimum balance fee. Balances under $200 will be assessed a $3 monthly minimum balance fee.
The highest high-yield savings account rates today are offered by First Community Bank (6.00%), MyBankingDirect.com (5.45%), and Sovereign Bank (5.40%). These, along with our picks for the best high-yield savings accounts, offer rates at least 10 times the national average savings rate of 0.89%.
Growth: Savings accounts are generally interest-bearing, meaning you will earn interest on the money you save in the account. Liquidity: Though savings accounts provide a place to stash money that is separate from your daily banking needs, they still let you make up to six withdrawals or transfers per statement cycle.
Yes, you can take money out of your savings account anytime; however, some financial institutions may only allow you to make up to six "convenient" transactions per month before they charge a fee.
If your goal is to build your savings, savings accounts are often far better places to keep your money than checking. A savings account is the ideal place for money you don't need to spend right now but can't afford to lose.
Low return – although consumers can earn interest, they offer relatively lower rates. Taxes – there are no tax benefits for putting money into a savings account. In fact, if a consumer accumulates a big enough balance, they will pay taxes on the interest they earn each year.
The general rule of thumb is to try to have one or two months' of living expenses in it at all times. Some experts recommend adding 30 percent to this number as an extra cushion.
A minimum balance fee of $5 will be imposed every month if the balance falls below $50 any day of the month. The interest rate for this account is .05% with an annual percentage yield (APY) of. 05%.
The current interest rate applicable to SCSS is 8.2% p.a. This interest rate is applicable from 1st April 2024 until 31st March 2025. The interest will be paid on a quarterly basis.
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