Our First500 Savings account now earns an impressive 5% APY on the first $500 when you meet the requirements below.1 That’s not all. We’re giving back about $200 a year2 to members with our Value Checking and Savings offers. It’s our way of making sure your money goes further and to say thank you for banking with us!
To take advantage of the increased First500 interest rate, be sure to do the following:
Sign up for eStatements
Open a First Entertainment Checking Account
Get direct deposit or online bill pay
About Us
We are a member-owned, not-for-profit financial institution that supports creators of entertainment. We pass along profits to our members through better rates and lower fees. When you bank with us, you can be assured that we understand the unique financial needs of those working in the entertainment industry and we are a financial ally for our members. We have so much to offer:
- Our Value Checking Account that offers incredible benefits like no minimum balance requirements, no foreign transaction fees, advanced pay to get your payroll deposits up to 3 days earlier3, and so much more. With $1,000 or more in direct deposits per month, you’ll get these additional benefits4:
- Up to $15 in ATM surcharge-fee rebates per month when using non-First Entertainment ATMs. That can add up to $180 back each year!
- No out-of-network ATM withdrawal fees.
- Get a 0.25% discount on an Adjustable-Rate Mortgage (ARM) loan when you use autopay.
- Digital banking to customize your banking experience.
- Higher-yield savings products.
- Financial Planning and Investment Services.
- Affordable loans and loans specific to those in the entertainment industry.
- Free and interactive financial education
Read some of our member stories to see why our members love banking at First Entertainment!
Disclosures
- 1
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The APY for an account balance up to $500 in a First500 Account will be 5.00% APY when member has a First Entertainment Checking Account and has requested eStatements only (member must discontinue receipt of paper statements). Member must also have either active online Bill Pay service or Direct Deposit. Active is defined as one transaction every ninety (90) days for either service. One First500 Account per Social Security Number. Rates subject to change without notice and may vary. In certain instances when the minimum balance is not maintained, and no other services or accounts are open, a low balance monthly fee may apply. Check with the credit union for complete details.
- 2
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Value Savings Account and First500 Savings account requirements must be met to receive the reimbursements and incentives. Product details were subject to change. Savings are shown for promotional purposes only. Your savings may vary.
- 3
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Early access to your direct deposit of funds is not guaranteed and is dependent on the timing of receipt by the payer. We generally make direct deposits available up to 3 days earlier than the payment date specified in the direct deposit file. Early availability is not guaranteed and may vary from deposit to deposit.
- 4
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You must maintain at least $1,000 in monthly direct deposits into your Value Checking account to be eligible for the listed benefits. A grace period of up to 90 days will be provided to accommodate gaps in employment. Should the grace period lapse, and you no longer meet the requirement, you will not be eligible for the listed benefits until the requirements are met again. Adjustable-Rate Mortgage (ARM) loans are limited to one initial grace period of 90 days from taking out the loan to meet the direct deposit requirements. Advantage, Youth and Business Checking accounts do not qualify. ATM fee rebates will be deposited into your Value Checking account at the end of each month based upon the amount of non-First Entertainment ATM surcharge-fees charged to the account. The maximum total ATM fee rebate is $15 per account, regardless of the number of joint owners or debit cards issued. Adjustable-Rate Mortgage (ARM) loans must be set up for auto payments from a Value Checking account, and meet the direct deposit requirements stated above within 90 days of funding the loan to qualify for the discount. Should you no longer meet this requirement, you will not be eligible for the listed benefit during the life of your loan. Offer is valid on ARM loans funded after April 1, 2024 only. Existing First Entertainment loans funded prior to April 1, 2024, do not qualify.