Save Today for Peace of Mind Tomorrow!
What’s stopping you from saving money? At First Bank of Alabama, we offer multiple ways to save, from easily accessible savings accounts to CDs and retirement accounts. We believe that when it comes to saving for your future, the best time to start is now!
Select your account and then stop by any of our offices in Talladega, Lincoln or Munford today to open your account!
When you hear “savings account,” Personal Savings is what you envision. Easy to access and interest-bearing, our Personal Savings account is ideal to help you securely save for an emergency fund or a specific savings goal. And you can keep tabs on your balances through Online Banking and Mobile Banking. See Full Account Details.
Earn a great rate and easily build up your savings with our Easy Save account! When paired with our E-Interest Checking account, Easy Save works for you by transferring $0.25 per transaction from your checking account to help build your balance. PLUS, you receive a premium interest rate on balances up to $25,000. See Full Account Details.
If you keep higher savings account balances, let us reward you for that! Our Money Market account offers tiered levels of interest based on your account balance. When your balance hits the next tier, your earned interest rate goes up! Your funds are easily accessible if you need to make a withdrawal or transfer. See Full Account Details.
Save securely and grow your money at a guaranteed rate! Certificates of Deposit from First Bank of Alabama come with a variety of terms to fulfill your specific savings goals. This is accompanied by a guaranteed rate for successful growth, which is protected by FDIC insurance up to the legal maximum limit. See Full Account Details.
Don’t wait another day to start saving for retirement! We offer Traditional and Roth IRAs, as well as an Education Savings Account option. Our retirement accounts provide an avenue to save to live the life you want in retirement. See Full Account Details.
Certificate of Deposit
Individual Retirement Account
|Best fit for you if you need...||24/7 access to your account, while earning Interest with no investment risk||The easiest possible way to|
build your Savings …
including 25¢ every time
you use your Debit Card
|Access to your account at any time, with tiered Interest Rates that pay higher Interest for higher account balances||A range of terms to fit your unique savings goals||Traditional, ROTH and Education Savings Account options|
|Monthly fee||$0 with $100 minimum daily balance,|
|$0 with E-Statement and at least one of the two funding options,|
|$0 with $2,500 minimum daily balance,|
|Penalties for early withdrawal||Penalties for early withdrawal|
|Minimum opening balance||$100||$10||$2,500||$500 for terms 182 days or greater; $2,500 for terms up to 181 days||$100|
|Interest||Balances $100+||Entire balance; Premium Interest Rate paid on balances up to $25,000||Balances $2,500+|
$2,500 - $9,999
$10,000 - $49,999
$50,000 - $99,999
$100,000 - $249,999
|Rates vary based on the amount and term: monthly, quarterly, semi-annual or annual disbursement options available||Rates vary based on the amount and term; Interest paid may be tax-deferred (consult with your tax adviser)|
|Statement||Quarterly E-Statement or Paper Statement||Quarterly E-Statement||Monthly E-Statement or Paper Statement with Check Images for $2 per month||Paper Statement at end of term||Annual Paper Statement|
|Access||2 withdrawals per month,|
$5 fee per withdrawal in excess of 2
|1 withdrawal per month,|
$5 fee per withdrawal in excess of 1
|6 withdrawals per month,|
$10 fee per withdrawal in excess of 6
|No withdrawals during the term without penalty||Withdrawals during the CD term subject to penalty; additionally, the IRS may impose penalties for disbursements before age 59 1/2|