Available nationwide, First Home Bank is offering a 2.50% APY on their Money Market Account. Keep reading to learn everything you need to know about the attractive account and rate.
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First Home Bank Money Market Review
First Home Bank is headquartered in Saint Petersburg, Florida. It was established in 1999 and has 5 locations across the state. Being a smaller local bank, this bank may be able to offer services that large corporations can’t.
In addition to the rate from First Home Bank, check out our list of best rates Savings, Money Market, and CD accounts.
If you are interested in expanding your financial future, definitely use our bank bonuses page to find other offers. Some popular bank offers include Chase Bank, Discover Bank, TD Bank, Huntington Bank, HSBC Bank and many more.
I’ll review First Home Bank Money Market below.
First Home Bank Money Market Rate
When you sign up for their Money Market Account, you can start maximizing your savings. To earn the high rate you need account balance of $50,000 or more.
- What you’ll get: 2.50% APY
- Eligible account: Money Market Account
- Credit inquiry: Unknown
- Where it’s available: Florida
- Opening Deposit: $1,000
- Monthly fee: Monthly fee of $15 if the balance falls below $5,000
- Early Termination Fee: None listed, check with CSR
(FDIC Insured)
How to Earn First Home Bank Rate
- Open with minimum deposit of $1,000.
- Fund the account by transferring funds electronically from an internal account or an external account at another bank
- Earn 2.50% APY for balances of $50,000 or more
| Balance Requirement | APY Rate |
| $50,000+ | 2.50% APY |
First Home Bank Account Features
- Minimum balance requirement: $1,000
- $10 per transaction in excess of 6 each monthly statement cycle
- Interest compounded daily and paid monthly
- FDIC-insured for your peace of mind
- Easy online account management
Conclusion
Check out this great offer from First Home Bank. The account balance of $50,000 in order to earn the high rate can be a bit high for some. However, if you are able to meet that requirement, this could be a money market account for you!
Let us know about your experience with this bank and comment below.
Check back often to see the latest info on First Home Bank.
