Savings

Saving money is smart – and First Western makes it easy. You’ll get competitive interest rates, plus the peace of mind of being FDIC insured. For higher yields, choose a First Western CD. To save while maintaining easy access to your cash, select a Money Market Account. Or, take advantage of our Christmas Club, Wish List or Kids Club Savings.

Money Market Accounts

Invest with First Western and watch your money grow at a competitive rate of interest, plus you’ll have easy access to your funds anytime.

Competitive Money Market Interest rates⁵
Six free debits per statement cycle⁷

Visit with a First Western Customer Service Representative to find the Money Market account that best fits your needs

Certificates of Deposit – Lock in a fixed interest rate over a fixed term

Easy to open and maintain
Get a guaranteed rate of interest for a fixed term
Variety of term lengths available

URFirst Savings – Start a simple savings plan

$100 minimum opening balance
Six free withdrawals per calendar month. Additional withdrawals are $5 each⁵
Limited transaction account⁷
Quarterly statements
Interest paid on balances of $100+⁵
Low monthly fee of $3 which can easily be waived by maintaining a minimum balance of $100 or a total customer relationship balance of $5,000 with FW⁵

Christmas Club Savings – Save today for your gift list

Earns a competitive interest rate⁵
Deposits limited to maximum monthly and annual amounts
Deposits limited to automatic transfers from other First Western Bank accounts on a weekly, bi-monthly or monthly basis
One withdrawal on the last business day of October in the form of a direct deposit
Account automatically renews the first business day of November, unless closed by account holder

Wish List Savings – Put cash aside for a specific goal

Save for big-ticket items, from a vacation to remodeling to a home theater system
Offers all the benefits of our Christmas Club Savings with the flexibility to choose any month as your cash-out date
On your cash-out date, we will automatically deposit the money into your First Western checking account

Kids Club Savings – A fun way to teach your children about money

Designed for children up to age 18
No minimum opening balance
Interest paid on balances of $1 or more⁵
Parent or guardian must sign on the account
6 Free withdrawals per month, additional withdrawals $2 each^{5 7}
Quarterly Statements

Feature	URFirst	Elite	Christmas Club	Wish List	Kids S.A.F.E.	Health (HSA)	Easy Access Money Market
Service Charge	$3.00 per month fee may be waived if primary owner's relationship balance is $5,000 or above.	$3 per month if balance falls below $1,000. May be waived if customer relationship balance is 5,000 or above.	None	None	None	None	None
Interest Earning	Interest is paid on balances of $100 plus⁽¹⁾	Tiered Interest is paid on all balances. (5)	Competitive Rate⁽¹⁾	Competitive Rate⁽¹⁾	Competitive Rate⁽¹⁾	Based on HSA 12 Month CD/IRA rate.⁽¹⁾	Competitive interest is paid on balances of $10,000+ (1)
Unlimited WIthdrawals	6 per month, $5 fee for each additional withdrawal	6 per month, $5 fee for each additional withdrawal.	One withdrawal on the last business day of October in the form of a direct deposit⁽²⁾.	One withdrawal on the last business day of your selected month in the form of a direct deposit.⁽²⁾	6 per month, $2 fee for each additional withdrawal	Yes	6 per monthly statement cycle, $9 fee for each additional withdrawal.
Free Online Banking and Bill Pay	Yes	Yes * No online deposits permitted from other FW accounts	Yes	Yes	Yes	Yes.	Yes
Free eStatements	Yes	Yes	Yes	Yes	Yes	Yes	Yes
Minimum Opening Balance	$100	$1,000 New Money to FW Only	$25, maximum of $1000	$25, maximum of $1000	None	$100	$10,000
Other Benefits	Quarterly Statements	Competitive interest rate	Competitive interest rate. Annual Statements.	Competitive interest rate. Annual Statements.	Quarterly Statements	Contributions are tax deductible. Interest earned is tax free. Distributions may be tax free provided customer pays for qualified medical expenses. No penalties for early withdrawal. Can make a one-time contribution from an IRA with no withdrawal penalty. Monthly Statements.	Competitive interest rate. Monthly Statements.
Other Instructions		Limited Transaction Account.	Deposits limited to $1,000 per month and $12,000 per year and must be automatic transfers from FWB accounts on a weekly, bi-monthly or monthly basis. Account automatically renews annually, unless closed by accountholder.	Deposits limited to $1,000 per month and $12,000 per year and must be automatic transfers from FWB accounts on a weekly, bi-monthly or monthly basis. Account automatically renews annually, unless closed by accountholder.	Designed for children from birth to age 18. A parent or guardian must sign on this account.	Customer must have a high deductible health plan. Cannot have other health coverage. Cannot be entitled to Medicare or Veteran's Health benefits. Cannot be claimed as a dependent on someone else's tax return.

Ready to get started?

Call your First Western Customer Service Representative today:

1-800-979-4577 toll-free in Western Arkansas and 1-877-631-0107 toll-free in Northwest Arkansas.

1 - Fees could reduce earnings on account.

2 - Additional withdrawals will be subject to account closure and accrued interest will not be paid.