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!

 

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

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.

 

1.  

Customer purchases checks.

 

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.

 

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.

 

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.

 

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.

 

6.  

Please see the Online Banking Agreement, Electronic Bill Pay Agreement and Schedule of Fees and Charges for details.

Savings and Money Market Accounts

Current Rates

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)

Plus7
(higher interest w/
higher balances)

Interest Earned6

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/Quarterly Service Charge

$15.00 quarterly
If min. balance falls below $200 on any day of the quarter

$5.00 monthly
If min. balance falls below $200 on any day of the month

$15.00 monthly
If min. balance falls below $2,500 on any day of the month

Transaction Limitations4

6 transfers per month

6 transfers per month

6 transfers per month

Online Banking5

Free

Free

Free

Over the
counter
Teller
Transactions

Unlimited

Unlimited

Unlimited

ATM Access

Yes
(No point-of-sale)

Yes
(No point-of-sale)

Yes
(No point-of-sale)

 

1.  

Regular Savings: A service charge of $1.00 will be imposed for each withdrawal beyond four per calendar quarter.

 

2.  

Regular Savings accounts closed within 90 days of opening will be charged a $10 closing fee.

 

3.  

Premium Savings: A service charge of $1.00 will be imposed for each withdrawal beyond one per calendar month.

 

4.  

Federal Regulation D limits checks, online transfers, telephone transfers, sweeps to cover checking overdrafts and preauthorized transfers (including automatic, POS purchases and wire transfers) to six per statement period.

 

5.  

Please see the Online Banking Agreement, Electronic Bill Pay Agreement and schedule of fees and charges for details.

 

6.  

All Interest -bearing First Mountain Bank Savings and Plus Money Market accounts are variable interest rate accounts. The interest rate and annual percentage yield may change on your account monthly, subject to First Mountain Bank's discretion. You must maintain a minimum daily balance of $2,500 to earn interest on the account referred to as Money Market Plus Account. You must maintain a minimum daily balance of $200 to earn interest on the accounts referred to as Regular Savings and Premium Savings.

 

7.  

Excessive transfers will be assessed a fee of $10.00 per item

 

Certificates of Deposit (CD)

Current Rates

Earn a guaranteed rate of return with a certificate of deposit. Any of our certificates of deposit may be opened as a Retirement Account.

CD Terms

3-60 Months

Interest Earned

Fixed Rate
(compounded and credited monthly)

Minimum Opening Deposit

$1,000 / Exceptions-7 Month CD's $25,000/Jumbo CD's $100,000

Minimum Daily Balance to Obtain Disclosed Annual Percentage Yield (APY)

$1,000 / Exceptions-7 Month CD's $25,000/Jumbo CD's $100,000

Additional Deposits

Not Allowed / Exception-IRA CD's up to 18 month term allow additional deposits

Automatic Renewal

Yes, at maturity

Grace Period at Maturity

10 calendar days

Early Withdrawal Penalty

0-12 months term = 1 month interest on the amount withdrawn
13-60 months term = 3 months interest on the amount withdrawn

Annual Accounting Fee for Retirement
Accounts

$35.00

  

Current rates and terms are available at any of our branch offices.