save smarter with firstoak savings
move money to your savings account and start earning interest
Effective Date: 2/14/2022

Personal Savings
simple and easy to get started
• $100 opening balance
• quarterly statements
• earns interest
• 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
• 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
• no opening balance required
• earns interest when balance is $99 or more
savings comparison
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Personal |
Young Savers |
Santa Savers |
|
Opening Deposit | $100 | $25 | $0 |
Minimum Balance | $100 | $25 | $0 |
Interest* | 0.03% APR 0.03% APY* |
0.10% APR 0.10% APY* |
0.10% APR 0.10% 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 |
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*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.