Tuesday, 24 November 2020

First Citizens Bank Review: Checking, Savings, CD and Money Market Accounts

First Citizens Bank Review: Checking, Savings, CD and Money Market Accounts
08 Nov
2:49

First Citizens Bank (NC)’s Most Popular Accounts

APY

Account Type

Account Name

Compare Rates from Similar Accounts

0.05%

Savings

First Citizens Bank (NC) e.Savings

1.90%

American Express National Bank High Yield Savings Account

on American Express National Bank’s secure website

Member FDIC

0.15%

CD Rates

First Citizens Bank (NC) 12 Month CD

2.50%

Synchrony Bank 12 Month CD

on Synchrony Bank’s secure website

Member FDIC

0.25%

CD Rates

First Citizens Bank (NC) 24 Month CD

2.85%

Synchrony Bank 36 Month CD

on Synchrony Bank’s secure website

Member FDIC

0.30%

CD Rates

First Citizens Bank (NC) 36 Month CD

3.10%

Synchrony Bank 60 Month CD

on Synchrony Bank’s secure website

Member FDIC

First Citizens Bank’s checking account options

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How First Citizens Bank’s checking accounts compare

There may be a benefit to having a prepaid debit card depending on your needs. The fees are quite high compared to some of the best checking accounts out there. Many of First Citizens Bank’s competitors don’t charge any fees and offer benefits such as free checks, ATM refunds and no overdraft fees.

Here’s what we’re getting at: You may be better off opening an account elsewhere.

First Citizens Bank’s savings account options

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How First Citizens Bank’s savings accounts compare

We don’t believe much stands out about these accounts when looking at what competitors are offering. We can’t compare First Citizens Bank’s rates against our list of the best savings account offerings because the bank doesn’t publish these rates online. Many of its competitors don’t require a minimum deposit amount and only charge an excess transaction fee instead of extra ones such as this bank does.

First Citizens Bank’s CD rates

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How First Citizens Bank’s CD rates compare

You may want to consider these CDs as some of the promo rates have comparable rates to other competitors — many also don’t require a minimum deposit unlike the ones at First Citizens Bank. We can’t say for certain what the rates for other terms are. It’s not a bad idea to check our list of the best CD rates to see your options.

First Citizens Bank’s money market account option

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How First Citizens Bank’s money market account compares

Sure, there is no minimum balance requirement to earn the lowest advertised APY, but the rates are still low compared to the ones found on our list of the best money market rates. Most of these competitors also offer low minimum opening deposit amounts and no monthly maintenance fees.

Advertiser Disclosure: The products that appear on this site may be from companies from which MagnifyMoney receives compensation. This compensation may impact how and where products appear on this site (including, for example, the order in which they appear). MagnifyMoney does not include all financial institutions or all products offered available in the marketplace.

Sarah Li Cain

Sarah Li Cain |

Sarah Li Cain is a writer at MagnifyMoney. You can email Sarah Li here

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Source: https://www.magnifymoney.com/blog/reviews/first-citizens-bank/

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