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Helping You Save More for Later

The First offers smart ways to build savings including two Personal Savings Accounts. Each is different, allowing you to choose the savings plan that works best for you and your goals.

Ultra Money Market

Like money market mutual funds, the Ultra Money Market Account earns a higher rate of return. But unlike a mutual fund, there are no up-front fees to pay, and your money isn’t locked away out of reach.

  • Tiered Interest Rate*
  • Minimum monthly balance of $500 will waive monthly service fee of $5
  • Minimum opening deposit of $100
  • No monthly per-transaction fees
  • Unlimited transactions in person, or by mail, messenger or ATM
  • Six pre-authorized withdrawals, checks to third parties, or telephone transfers per month
Effective: April 1, 2014
Ultra Money
Market Account
APY³ Interest Rate Min Bal to Obtain APY Min to Open Comp Freq
$250,000 and up* 0.13% 0.13% $250,000 $100 Monthly
$150,000 - $249,999* 0.11% 0.11% $150,000 $100 Monthly
$100,000 - $149,999* 0.07% 0.07% $100,000 $100 Monthly
$50,000 - $99,999* 0.05% 0.05% $50,000 $100 Monthly
$10,000 - $49,999* 0.03% 0.03% $10,000 $100 Monthly
up to $10,000* 0.02% 0.02% none $100 Monthly

Regular Savings Account

A Regular Savings Account is a great place to put money away and experience growth over time. These accounts are often used as an educational tool for children and youth to assist in teaching how to save and budget money.

  • Variable Interest Rate*
  • Minimum monthly balance of $100 or customers under the age of 18 will waive monthly service fee of $3
  • Minimum opening deposit of $100
  • $1 fee per withdrawal or debit after the first three per month
  • Unlimited transactions in person, or by mail, messenger or ATM
  • Six pre-authorized or telephone transfers per month. Check writing not permitted.
Effective: April 1, 2014
Savings Account APY³ Interest Rate Min Bal to Obtain APY Min to Open Comp Freq
Regular Savings* 0.02% 0.02% none $100 Quarterly

* Interest-Bearing Accounts

  • Refer to current rate sheet for account’s current interest rate and annual percentage yield. At our discretion, we may change the interest rate and annual percentage yield on this account at any time.
  • Interest is calculated with the daily balance method and applies a daily periodic rate to the principal (collected balance) in the account each day.
  • Interest is compounded and credited monthly to Money Market Accounts and quarterly to Regular Savings Accounts. Interest begins to accrue no later than the business day we receive credit for the deposit of non-cash items (i.e., checks).

Certificates of Deposit (CDs)

The First offers a variety of options for Certificates of Deposit (CDs). Interest rates vary depending on the length of maturity. The rate is guaranteed until the maturity of the investment or until renewal.  Refer to rate sheet for current information.

Effective: April 1, 2014
$25,000 and over† under $25,000 Min Open Deposit Comp Freq
Term APY³ Interest Rate APY³ Interest Rate
3 thru 5 month 0.13% 0.13% 0.08% 0.08% $1,000 Quarterly
6 thru 11 month 0.18% 0.18% 0.08% 0.08% $1,000 Semi-Annually
12 thru 23 months 0.22% 0.22% 0.12% 0.12% $1,000 Semi-Annually
15 month Add-On¹ 0.22% 0.22% 0.22% 0.22% $500 Semi-Annually
2 year 0.37% 0.37% 0.27% 0.27% $1,000 Semi-Annually
3 year 0.63% 0.63% 0.53% 0.53% $1,000 Semi-Annually
4 year 0.93% 0.93% 0.83% 0.83% $1,000 Semi-Annually
5 year 1.18% 1.18% 1.08% 1.08% $1,000 Semi-Annually
Annual Percentage Yields accurate as of April 1, 2014

¹ There is no limit to the number of deposits made to the 15 Month Add-On CD. Each deposit must be at least $50.00.
³ APY stands for Annual Percentage Yield. APY assumes funds will remain on deposit for a full year at the advertised rate.
† Opening balance of $25,000 for Annual Percentage Yield and Interest Rate for $25,000 and over
* At our discretion, we may change the interest rate and APY on this account at any time. Fees could reduce earnings for the applicable accounts.

Funds must remain on deposit until maturity to earn the advertised yield. Substantial interest penalty is required for early withdrawal as follows: for maturities of 7 days to less than 30 days, the interest penalty is 7 days' interest; for maturities of 30 days to less than 90 days, the interest penalty is 30 days' interest; for maturities of 90 days to less than 1 year, the interest penalty is 90 days' interest; and for maturities from 1 year through 5 years, the interest penalty is 180 days' interest.

 

© First National Bank of Hutchinson  |  One N. Main Street, Hutchinson, KS 67501  |  P: 620.663.1521  |  F: 620.694.2317

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