Checking Accounts
We like to keep it simple.
1st Security Bank has an account for every lifestyle. Compare our checking accounts to decide the best fit for you and your life.
| Minimum to Open | Monthly Fee | Earns Interest | Why Choose This Account? | |
|---|---|---|---|---|
| Exclusive! eBanking Express Checking |
$100 | $30.00 Fee is waived with direct deposit, $2500 combined minimum daily relationship balance, and one of the following: active Bill Pay, 2 ACH external withdrawals, or 8 Point-of-Sale (POS) transactions per month |
Yes Tiered rates of interest View Rates |
Earn the best rate of interest we offer on checking accounts, and receive many more amazing benefits. |
| 1st Options Checking | $100 | $7 Fee is waived with either: direct deposit, 8 point-of-sale (POS) transactions per month, $300 minimum daily balance, or 2 bill payments or ACH external withdrawals per month |
No | Enjoy all the benefits of this great checking account with multiple options available to avoid paying a monthly fee |
| 1st Classic Checking | $100 | None | Yes View Rates | Special benefits like two free boxes of checks per year and no balance requirements. |
eBanking Express Checking Benefits and Features
- The most competitive interest-bearing checking account around View Rates
- Debit card(s) with a higher daily cash withdrawal limit; maximum $1,000 per card
- FREE Online Banking
- FREE Online Bill Pay, online check images, and online statements
- Two (2) FREE online domestic wire transfers per month
- No-fee cashier’s checks
- Loan discounts and CD rate increases
- And much more!
1st Options Checking
- Low minimum opening deposit
- Free Online Banking, Online Bill Pay, Online Statements, online check images, and 24-Hour Telephone Banking
- Free Visa Debit and/or ATM card
- Free access to cash from any 1st Security Bank or MoneyPass™ network ATM
- Free! First set (limit 150) of 1st Security Bank single standard image checks
- One free cashier’s check per day; $5 per check thereafter
- Access to money-management tool—FinanceWorks
1st Classic Checking
- Interest bearing!
- Low minimum opening deposit
- No monthly maintenance fee; no minimum balance required
- Free Online Banking, Online Bill Pay, Online Statements, online check images, and 24-Hour Telephone Banking
- Free Visa Debit and/or ATM card
- Two free boxes of 1st Security Bank single standard checks per year (limit 300)
- One free cashier’s check per day; $5 per check thereafter
- Free access to cash from any 1st Security Bank or MoneyPass™ network ATM
- Access to money-management tool – FinanceWorks
Savings & CDs
Our savings accounts and Certificates of Deposit offer very competitive rates to make saving money worthwhile. Whether you have a little or a lot, we have an account to fit your savings needs.
| Minimum to Open | Monthly Fee | Earns Interest | Why Choose This Account? | |
|---|---|---|---|---|
| Exclusive! eBanking High Yield Money Market |
$100 | $30 Fee is waived with an active eBanking Express Checking account, and minimum daily balance of $1,500 |
Yes Tiered rates of interest View Rates |
Earn a highly competitive rate while enjoying the many benefits of our eBanking Express Checking account. |
| Preferred Savings | $100 | $10 fee is waived with an active checking account, or minimum daily balance of $300 | Yes View Rates | It’s the savings account that works for everyone. |
| Tiered Rate Money Market | $100 | “$15 fee is waived with minimum daily balance of $1,500 | Yes Tiered rates of Interest View Rates |
Earns interest with higher returns on higher balances. |
| Youth Savings | $5 | None | Yes View Rates | A great starter account for the young ones! |
| Uniform Transfer To Minors | $50 | None | Yes View Rates | Manage a minor’s account until they reach legal maturity. |
eBanking High Yield Money Market
- Exclusively for our eBanking Express Checking customers
- The more you save, the more you earn!
- Low minimum opening deposit
- Monthly maintenance fee of $30 waived with $1,500 minimum balance and active eBanking Express Checking account
- Free Online Banking, Online Statements, and 24-Hour Phone Banking
- Free ATM Card
Preferred Savings
- Low minimum opening deposit
- Low minimum balance requirement
- Free Online Banking, Online Statements, and 24-Hour Phone Banking
- Free ATM card
- Free access to cash from any 1st Security Bank or MoneyPass™ ATM
Tiered Rate Money Market
- The more you save, the more you earn!
- Low minimum opening deposit
- Monthly maintenance fee of $15 waived with $1,500 minimum balance
- Free Online Banking, Online Statements, and 24-Hour Phone Banking
- Free ATM Card
Youth Savings
- Minimum opening deposit only $5
- Minimum balance requirement only $5
- Free Online Banking, Online Statements, and 24-Hour Phone Banking
Uniform Transfer to Minors
- Low minimum opening balance
- Free Online Banking, Online Statements and 24-Hour Phone Banking
Certificates of Deposit
Certificates of Deposit (CDs) are an excellent tool for managing your money when you are able to set aside funds for a period of time. With a CD, you may maximize your interest rate and enjoy the security of FDIC Insurance. 1st Security Bank offers CDs for many terms, starting with a minimum investment of just $500.
IRAs
An IRA, or Individual Retirement Account, is a great way to save and plan for your retirement. IRAs offer possible tax savings and the ability to compound your money through contributions and interest earnings.
Most IRAs fall into one of two categories — the Roth IRA or the Traditional IRA. Within these main categories, there are many types of IRAs and 1st Security Bank can offer you a variety of options within each category. Another type of IRA that is growing in popularity is the Coverdell Education Savings Account or “CESA”. We offer all three and will be happy to help you find the IRA best suited for you.
How to get started
Contact a Personal Account Representative at your nearest branch. They will take your needs and goals into consideration and help you make an informed choice that is best for you.
Looking for a way to keep large deposits safe? Ask us about CDARS®.
There are few guarantees in life – FDIC insurance is one of them. With CDARS*, you can access FDIC protection on multi-million dollar CD investments through 1st Security Bank. CDARS can be a valuable cash management or longer-term investment tool for you.1
* CDARS stands for Certificate of Deposit Account Registry Service (pronounced “cedars”), and is a registered service mark of Promontory Interfinancial Network, LLC.
Why CDARS?
It’s one-stop shopping. With help from CDARS, you’ll enjoy:
- One Bank You’ll work with 1st Security Bank, the bank you know and trust, to secure your large deposits.
- One Rate One interest rate per maturity for all CDs. With CDARS, there’s no need to manage multiple interest rates and track interest disbursements from various sources.
- One Statement You’ll receive one statement detailing your CD investments, so there’s no need to consolidate statements at the end of each month, quarter, or year.
- No Usage Fees2 We do not charge annual fees, subscription fees or transaction fees for using the CDARS service; the rate you see is the rate you get.
How does CDARS work?
We are a member of a special network. When you deposit a qualifying amount with us, we place your funds into CDs issued by other banks in the same network – in increments of less than the standard FDIC insurance maximum – so that both principal and interest are eligible for complete FDIC protection. As a result, you can receive coverage from many banks while working with just one, 1st Security Bank.
What else should I know?
CDARS is a safe, convenient solution for large-deposit investors. Before CDARS, there were few ways investors could enjoy full FDIC insurance on deposits larger than $250,000 other than keeping accounts at multiple financial institutions, or spreading investments at one bank among different owners and different types of accounts.
With CDARS you no longer have to spend the time managing multiple bank relationships, administering various interest rates, organizing interest disbursements from various sources, or manually consolidating monthly statements. This reduces your administrative burden, especially during tax and financial reporting seasons.
And with CDARS, you can eliminate the need to monitor changing collateral values – another time saving convenience.
Of course, your confidential account information remains protected.
Ask us about how CDARS can work for you the next time you visit one of our branches, or email us for more information.
1 Funds may be submitted for placement only after a depositor enters into the CDARS Deposit Placement Agreement with 1st Security Bank. The agreement contains important information and conditions regarding the placement of funds by us.
2 An early withdrawal penalty may apply.