Take big steps toward a brighter future.
Set your goals and begin your savings journey
Certainly, it's a smart idea to have money available for challenging times. But you also might want to make a major purchase, send a child to college or take steps toward a comfortable retirement. At First US Bank, we offer a variety of interest-earning accounts that can put you and your family in the best financial position possible.
First US Bank is a full-service financial institution with branches in Alabama, Tennessee and Virginia.
Regular Savings
- Earn interest on your deposits
- Minimum opening deposit of $100
- No monthly maintenance fee if balance stays above $100
- $6 fee if balance drops below $100
- Up to three withdrawals/transfers per quarter (Low $2 fee for each additional withdrawal/transfer)
- Track savings growth with online and mobile banking
PersonalMAX Money Market
- Minimum opening deposit of $1,000
- No monthly maintenance fee when you maintain a minimum balance of $2,500
- Access funds at First US Bank branches, through phone transfers or online banking*
*Up to six pre-authorized debits or phone transfers to another of your accounts or to a third party per month ($5 fee for each additional transfer/debit over six)
Certificates of Deposit*
Fixed Rate CD
Put your savings on a schedule that fits your financial timeline. Save for three months, five years - or one of our terms in between.
- Minimum opening deposit of $500
- Available in terms from 90 days to five years*
- CDs generally pay higher interest than traditional savings accounts
- Can purchase multiple CDs at varying terms to stagger when money will be available
IntraFi Network Deposits
Investors who wish to put a substantial amount of money into CDs can still enjoy deposit insurance protection by having funds spread through a nationwide network of financial institutions.
- First US Bank can handle all your CD transactions and provide access to the CDARs network
- All accounts listed on one convenient statement
- Access to multi-million dollars in FDIC insurance coverage in CD deposits
- View “IntraFi Network Deposits website to for more information here
*Federal regulations require a penalty for early withdrawal on all certificates of deposit.
Christmas Club
- Minimum opening deposit of just $1
- Build up balance with year-round deposits
- Receive a check for the amount you deposited plus interest earned in October - just in time for holiday shopping.
- A fee of $15 is charged for each withdrawal
Individual Retirement Accounts
Traditional IRA
Make sure you can enjoy the lifestyle of your choice when you stop working. Start saving early, contribute regularly to your Traditional IRA, and take advantage of a variety of tax breaks.
- Contribute up to $7,000 per year ($8,000 if over age 50)
- Annual contributions to your account may be tax-deductible, depending on your income and filing status
- Interest and dividends grow tax-free
- Withdrawals are taxed as income. You must begin making withdrawals by age 73.
Roth IRA
Not all retirement accounts are exactly alike. A Roth IRA offers somewhat different tax benefits, allowing you to make tax-free withdrawals once you reach age 59 1/2.
- Contribute up to $7,000 per year ($8,000 if over age 50)
- Annual contributions are not tax-deductible
- Interest and dividends grow tax-free
- Eligible distributions are tax-free
- Funds can also be used in some cases for higher education costs and home purchases.
*Because these accounts are designed for retirement and other long-term savings, federal regulations require a penalty for early withdrawal and other tax penalties may also apply.
*Please consult your tax professional for more information