Skip to Content
Close Icon

Savings Accounts & HSAs

Start Saving Your Way

Developing a smart saving strategy is important, no matter how old you are. That’s why First Option Bank offers multiple savings accounts, to give you a choice so you can save the way you want. Whether you want to teach your child the value of saving, save for your own goals or save for potential medical expenses, you have options with us. To open a savings account, stop in to one of our offices and speak with our personal banking team.

Compare Our Savings Accounts

Account Name

Choose this account if…

Opening Balance Requirement

Fees

Account Benefits

Fun Buddy Savings

You want to open an account for a child age 12 or younger to teach them how to save.

$10

None

Competitive interest calculated on daily collected balance is compounded and credited quarterly

 

Free Fun Buddy T-Shirt or piggy bank

 

Free Fun Buddy account book

 

Deposits earn points that can be redeemed for prizes

 

Access to Fun Buddy club activities

 

Regular Savings

You want a traditional savings account with low fees.

$50

$1.50 for each additional withdrawal after 5 free withdrawals

 

$1.50 per calendar quarter service charge for balances under $50

Five (5) free withdrawals per quarter

 

Competitive interest calculated on daily collected balance is compounded and credited quarterly

 

Health Savings

You want to start an account to save for eligible medical expenses in connection with your high-deductible health plan

 

None

None

Tiered interest rates available based on balance

 

Free online and mobile banking

 

Receive an Instant Issue Visa® debit card for point-of-sale transactions

 

Must be enrolled in a high deductible health plan

 

Cannot be enrolled in Medicare

 

Cannot be claimed as a dependent on someone else’s tax return

 

Funds are FDIC-insured

 

Tax-free withdrawals*

*Consult your tax advisor

Image of bank location

Switch to Us

Ready to experience the difference of working with First Option Bank? Complete our online switch kit to get all the paperwork taken care of so you can take the hassle out of switching your accounts.

Start Your Switch

Select Online Account