First National Bank offers deposit services with a variety
of options. We match your individual needs with features that
will enhance and simplify your banking transactions. In addition,
each checking account we offer comes with an easy-to-read monthly
statement.
For additional information on any of our products or services,
please contact any one of our branch
locations.
Checking Accounts
- Traditional Account
- Senior Citizen Account
- Full Time Student Account
- Non Profit Organization Account
- First Club Account
- Now Account
- Money Market Account
- First Club NOW Account
- Business Account
Savings Accounts
Checking Accounts
This fundamental account provides you with a convenient way to handle short-term funds and keep an accurate record of cash flow. The monthly service charge for this account is based on your daily balance. A minimum deposit of $100 is required to open your account. Additional features apply to accounts qualifying as: Senior Citizen, Full Time Student or Non Profit Organization.
-
If you are age 55 or over:
- The Traditional account is available to you with no monthly service charge.
- The service fee for the First Club and First Club NOW accounts will be reduced by $2. The same monthly minimum balance requirements for the First Club NOW account shall apply for Senior Citizen First Club NOW accounts.
The Traditional account is available to any full time student with a minimum deposit of only $25. No monthly fees will apply, and the first order of 50 checks is free!
Non profit organizations qualify for a Traditional account with no monthly service fee.
Wish that your checking account could earn money, as well as help you avoid a monthly service charge? If you normally carry a balance of at least $1,500, the NOW account could be for you. You receive all the benefits of the Traditional account, combined with the ability to access funds that are hard at work earning you interest. Service charges will apply to account balances that fall below $1,500 at any time during the monthly statement cycle. A minimum deposit of $1,500 is required to open a NOW account.
This account is a liquid investment account that enables you to earn variable money market rates of interest on your funds. Ready access to funds on which there are no maturity restrictions allows you to have the flexibility to meet financial obligations without incurring any penalties for early withdrawal. A minimum deposit of $2,500 is required to open a Money Market Account. Service charges will apply to account balances that fall below the minimum balance requirement at any time during the monthly statement cycle.
Have it all with this account! Interest bearing checking combined with loads of extra features allows this account to work hard for you. One low monthly fee covers unlimited checking, plus many extras like discount travel services and credit card protection. Also included with this account is an accidental death and dismemberment insurance policy. Additional service charges will apply to account balances that fall below $1,500 at any time during the monthly statement cycle. A minimum of $1,500 is required to open a First Club NOW account.
We offer several account options to our business customers. Please refer to the chart below for the accounts that are available for your business description.
|
Savings Accounts
The Statement Savings account is great for all types of savers, big or small. You can have your money working to earn you interest and still have access to your funds when you need it. FNB's savings account features a competitive interest rate and no regular service charges for average monthly balances that remain above $50.
Determine your minimum deposit preference, then check out the full range of term structures and rates that FNB offers for our CD products. Enjoy a secure, fixed rate investment option with attractive returns.
FNB gives you the "POWER" to command your investment options! With our Power CD, your investment has all of the following characteristics:
- Option to raise the interest rate to the current market rate.
You may do this twice during the term, after the first 12-month
period expires.
- Unlimited additions in increments of $1,000
- Minimum of $10,000 to open
- 33 month term
- Competitive rate of interest
Individual Retirement Accounts (IRAs) now come in three different product plans. Whether your goal is higher education for your children or retirement for yourself, First National Bank has an IRA that will help make your dream a reality.
Traditional
This Individual Retirement Account allows you to
defer taxes on your earnings until they
are withdrawn. Also, certain contributions are tax deductible in
the tax year for which they are made.
Roth
The Roth IRA is a nondeductible account
that features tax-free withdrawals for
certain distribution reasons after a five-year holding period. If
you expect that you will be in a higher tax bracket when you retire,
this account may be of greater benefit to you than the Traditional
account.
Education
The Coverdell Education Savings Account is a nondeductible account that features
tax-free withdrawals for a very specific purpose -- a child's higher education
expenses. Qualified higher education distributions from this account
are penalty free and tax free.
Copyright © 1998-2006 The First National Bank of Raymond. All rights reserved.