save smarter with firstoak savings

move money to your savings account and start earning interest

Effective Date: 04/21/2024

Personal Savings

simple and easy to get started

• $100 opening balance
• quarterly statements
• earns interest


Young Savers

our most progressive account

• for kids 18 and under
• minimal Opening Balance
• earns greater interest than many other accounts


Santas Savers

Our most rewarding account

• no minimum balance
• no opening balance required
• earns interest when balance is $99 or more


savings comparison


Young Savers

Santa Savers

Opening Deposit $100 $25 $0
Minimum Balance $100 $25 $0
Interest* 0.20% APR
0.20% APY*
0.25% APR
0.25% APY*
0.25% APR
0.25% APY*

Interest Paid annually if balance is
greater than $99
Statements Quarterly Quarterly Yearly
Age Requirements None 18 and under None
Online Banking Free Free Free




*The information above is accurate as of the effective date. Interest Rates may change after an account is opened and these rates will be posted as of their effective date. Maintenance and / or activity fees may reduce earnings. APY = Annual Percentage Yield The Annual Percentage Yield (APY) assumes interest remains on deposit until maturity. A withdrawal of interest or any withdrawal may reduce earnings and a penalty may be applied on some accounts for early withdrawals. A minimum balance is required on all checking accounts (except electronic and copper accounts), savings (except Santa Savers), all CD, IRA and money market accounts. Interest Rates subject to change daily.

Contact a FirstOak Staff member for specific account information.