| Account | Business Savings | First Tier Savings |
|---|---|---|
| Description | Save with confidence in one of the nation’s soundest banks. | A First Tier Savings account is ideal if you save regularly to meet a goal, especially since it’s a variable-rate account with an open term. |
| Minimum Deposit to Open | None | $7,500 |
| Monthly Service Fees1 | $5 with mailed paper statements2 $4 with electronic statements3 Fee waived if minimum daily balance4 of $2,500 | $20 with mailed paper statements2 $19 with electronic statements3 Fee waived if minimum daily balance4 of $7,500 |
| Transaction Fees5 | No charge for first three debits per month, $5 each thereafter | No charge for first debit per month, $20 each thereafter |
| Benefits and Features | Interest is compounded daily and credited on the last day of each quarter. The higher your account balance, the more interest you’ll earn. | Interest is compounded daily and credited on the last day of each quarter. The higher your account balance, the more interest you’ll earn. |
| Certificates of Deposit |
|---|
| A certificate of deposit (CD) is a good option if you want to set aside funds for a specific date or purpose, as it enables you to earn a specified, competitive rate of interest until maturity. It can also be used as collateral for loans. |
| Minimum deposit to open: $750 |
| Minimum term: 30 days |
| Withdrawals: Government-regulated penalties apply for early withdrawals. |
| You’ll earn interest every day from the day you make your first deposit. The higher your account balance and the longer the funds stay in your account, the more interest you’ll earn. |
| Maturity: We’ll email you a notice prior to the maturity date. |
| Renewal Date: Your CD can be set up as automatically renewable on the date you specify when you open the account. |
| Auto-renewable CDs: For CDs with terms of less than 12 months / 365 days interest may be paid to a First National checking or savings account or compounded to the CD account at maturity. |
| For CDs with terms 12 months or greater interest is paid to a First National checking or savings account or compounded to the CD account least annually. |
Safe and Secure
Your funds are protected by First National’s more than 100-year track record of sound fiduciary oversight. Deposit accounts at First National are insured by the FDIC up to the standard maximum deposit insurance amount ($250,000) per depositor for each account insurance ownership category.
Contact Us
Give us a call or stop by your nearest branch for help finding the savings account that’s right for your business.
Fees
View our Business Account Fee Schedule for more information.
Disclosures
- Monthly Service Fee will apply unless you meet one of the ways to avoid the Monthly Service Fee each statement period (if applicable).
- Monthly Service Fee with mailed statements is only assessed if the balance, transaction, or statement requirement is not met during the statement period. Other account fees or restrictions may apply
- Monthly Service Fee with e-Statement is only assessed if the balance, transaction, or statement requirement is not met during the statement period. Other account fees or restrictions may apply
- Minimum daily balance refers to the amount of funds required in your account to avoid monthly service fees.
- Refers to in-person withdrawals, automatic, telephone, online, or pre-authorized transfers.
First National Bank Alaska reserves the right to analyze the activity of all business accounts and charge accordingly.