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Personal Banking
Personal Checking | Current Rates |
We understand that you require a personal checking account
that fits your individual needs.With six different accounts
to choose from, we have a checking account that’s right
for you!
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Senior
Checking
(ages 55+)
|
Regular
Checking |
Free
Checking1 |
Basic
Checking |
Interest
Checking |
Premium
Checking
(higher interest
w/ higher
balances) |
Interest
Earned2 |
No |
No |
No |
Yes |
Yes |
Yes
Tiered Rates |
Minimum
Opening Deposit |
$100 |
$100 |
$100 |
$100 |
$100 |
$100 |
Minimum
Daily
Balance Per
Month |
None |
No monthly service
charge with an avg. daily balance of $1,5003 |
None |
None |
No monthly service
charge with a min. of $2,000 |
No monthly service
charge with a min. of $5,000 |
Monthly
Service
Charge |
None |
$9.00
If avg. daily balance falls below $1,5004
|
None |
None |
$12.00
if min. balance falls below $2,000
|
$12.00
if min. balance falls below $5,000
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Check
Writing |
Unlimited |
Unlimited |
Unlimited |
Unlimited |
Unlimited |
Unlimited |
Per
Check/Debit
Charge5 |
None |
None |
None |
25¢ |
None |
None |
Online
Banking6 |
Free |
Free |
Free |
Free |
Free |
Free |
Online
Bil
Payment6 |
Free |
Free |
First 90 Days
Free |
First 90 Days
Free |
First 90 Days Free |
Free |
Corporate
Image-Style
Checks |
Free |
1st Order Free |
1st Order Free |
1st Order Free |
1st Order Free |
1st Order Free |
Please see the Schedule of
Fees and Charges for other fees that may apply. |
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1. |
Customer purchases
checks. |
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2. |
All interest-bearing First
Mountain Bank checking accounts are variable interest rate
accounts. The interest rate and annual percentage yield
may change on your account monthly, subject to First Mountain
Bank discretion. Interest is compounded and credited monthly.
There is no minimum daily balance required on Basic Checking
to earn interest. You must maintain a minimum daily balance
of $2,000 to earn interest on the account referred to as
Interest Checking. Premium Checking earns interest based
upon the tier of the balance each day during the month.
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3. |
The average daily balance
is calculated by adding the principal in the account for
each day of the period and dividing that figure by the number
of days in the statement cycle period. |
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4. |
If you own a Regular Checking
and Regular Savings account that have a combined average
daily balance of $2,000 or more per month, the Regular Checking
$9.00/month service charge will be waived. |
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5. |
First Mountain Bank does not
charge for transactions using our ATMs. Operators of point-of-sale
terminals or other ATMs not owned by First Mountain Bank
may charge additional fees. There is a 25¢ charge for
each debit and check item on the Basic Checking account. |
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6. |
Please see the Online Banking
Agreement, Electronic Bill Pay Agreement and Schedule of
Fees and Charges for details. |
|
Regular Savings, Premium Savings, and the Money Market
Plus account are available to individuals and businesses.
Earn a competitive interest rate while maintaining access
to your funds.
|
Savings
Accounts |
Money
Market Account |
|
Regular
Savings1,2 |
Premium
Savings3
(higher interest
w/ higher balances)
|
Plus
(higher interest w/
higher balances)
|
Interest
Earned |
Yes
(compounded daily,
credited quarterly)
|
Yes –
Tiered Rates
(compounded daily, credited monthly)
|
Yes –
Tiered Rates
(compounded monthly and
credited monthly)
|
Minimum
Opening Deposit |
$200 |
$10,000 |
$2,500 |
Minimum
Balance to Avoid
Service Charge and Obtain
Annual Percentage Yield (APY) |
No quarterly
service
charge with a minimum
balance on each day
of the quarter of
$200 |
No monthly service
charge with a minimum
balance on each day
of the month of
$200
|
No monthly service
charge with a minimum balance on each day of the
month of
$2,500
|
Monthly
Service Charge |
$15.00
If min. balance falls below $200 on any day of the
quarter
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$5.00
If min. balance falls below $200 on any day of the
month
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$15.00
If min. balance falls below $2,500 on any day of
the month
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Limited
Transactions |
6 transfers
per month with no more than 3 by check, debit, or
draft |
6 transfers
per month with no more than 3 by check, debit, or
draft |
6 transfers
per month with no more than 3 by check, debit, or
draft; excessive transfers will be assessed $10
per item |
Online
Banking4 |
Free |
Free |
Free |
Teller
and Telephone
Transactions |
Unlimited |
Unlimited |
Unlimited |
ATM
Access |
Yes
(No point-of-sale)
|
Yes
(No point-of-sale)
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Yes
(No point-of-sale)
|
|
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1. |
Regular Savings: A service charge of $1.00 will be imposed for each withdrawal
beyond four per calendar quarter. |
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2. |
Regular Savings accounts closed within 90 days
of opening will be charged a $10 closing fee. |
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3. |
Premium Savings: A service charge of $1.00 will be imposed for each withdrawal beyond one per calendar month. |
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4. |
Please see the Online
Banking Agreement, Electronic Bill Pay Agreement and Schedule
of Fees and Charges for details. |
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Earn a guaranteed rate of return with a certificate of deposit.
Any of our certificates of deposit may be opened as a Retirement
Account.
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CD Terms |
3-60 Months |
Interest Earned |
Fixed Rate
(compounded and credited monthly) |
Minimum Opening Deposit |
$1,000 |
Minimum Deposit to Obtain
Annual Percentage Yield (APY)
|
$1,000 |
Additional Deposits |
Not Allowed |
Automatic Renewal |
Yes, at maturity |
Grace Period at Maturity |
10 calendar days |
Early Withdrawal Penalty |
0-12 months terms = 1 month interest on the
amount withdrawn
13-60 months terms = 3 months interest on the amount withdrawn |
Annual Accounting Fee for Retirement
Accounts |
$35.00 |
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Current rates and terms are available
at any of our branch offices. |
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