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Eric Y., Associate Producer

First500 Savings

ACCESS

to membership benefits.

The cornerstone of your credit union experience.

A First500 Savings Account is your gateway to First Entertainment membership and all the benefits that come with it!

The benefits

Piggy Bank

Grow Your Savings

Earn a 5% APY on the first $500 in your First500 savings account when you also meet these requirements: sign up for eStatements, open a Checking Account, and get direct deposit or enroll in online bill pay.

Community

Enjoy Member Perks

A First500 Savings Account earns you membership2 for life, with access to convenient Digital Banking and exclusive financial resources to help you reach your goals.

Shield

Set up Overdraft Transfers

Protect your checking balance and use your First500 savings for Overdraft Protection.

Add a second account to achieve more.

Sometimes, managing your savings is easier when it’s not all lumped in one sum. Let us help you build a better budget by allocating savings for different purposes across multiple accounts.  

  • Open up to nine (9) Secondary Savings Accounts3
  • Customize the names of accounts for easy organization
  • No minimum deposit or balance4
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Get today’s best rate.

First500 Savings

Account

Minimum Opening Balance

Minimum to Earn APY

APY*

*APY = Annual Percentage Yield. APY is based on the assumption that dividends remain on deposit for the entire dividend period.

**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. First500 Youth Accounts will earn 5.00% APY on account balances up to $500 with Digital Banking enrollment and eStatements only. Balances above $500 in qualifying accounts and any balance in a non-qualifying First500 Account will earn the First500 Savings Base Rate. 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.

Account

First500 Savings**

Minimum Opening Balance

$0.00

Minimum to Earn APY

$5.00

APY*

5.00%

Account

First500 Savings Base Rate**

Minimum Opening Balance

$0.00

Minimum to Earn APY

$5.00

APY*

0.15%

FAQs

There are two different ways to apply for a Savings account, depending on whether you are a member or not.

Non-members: Navigate to firstent.org and click “Open an Account”. Select the type of account you are opening. Add the First500 Savings account and follow the steps to apply for a Savings account.

Members: Follow the steps below to apply for a Savings Account.

  1. Login to your digital banking account
  2. Navigate to “Open New Accounts”
  3. Click “Open New Savings”
  4. Click on “Apply Now”
  5. Select the Savings account you are applying for (Special Savings or Money Market)
  6. Click “Apply”
  7. Choose the funding account
  8. Enter a deposit amount (if you would like to open the account without funding it, entering “0”. This does not apply to Money Market accounts)
  9. Click “Finish”

To become a member of First Entertainment Credit Union, you must meet one of the following eligibility requirements:

  • Companies: Our charter includes specific reference to more than 380 entertainment companies and associations. For a listing, please visit our Companies We Serve page.
  • Community: Our charter serves any and all individuals who live, regularly work, currently attend school, or currently worship in Los Angeles County, California. Additionally, businesses, corporations, and other legal entities located in Los Angeles County, California, are also eligible.
  • Family Members: If you are already a member, your relatives can also join the credit union.

To apply for membership, please visit our Join Us page.

 

Not finding what you’re looking for? See all our FAQs.

Open a First500 Savings Account today.

Open An Account
Apply Online
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Disclosures

*
Federally Insured by NCUA.
1
APY = Annual Percentage Yield. 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 90 days for either service. First500 Youth Accounts will earn 5.00% APY on account balances up to $500 with Digital Banking access and eStatement only. Balances above $500 in qualifying accounts and any balance in a non-qualifying First500 Account will earn the First500 Savings Base Rate. 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
Must maintain the required minimum account balance for membership to remain in active status.
3
Maximum number of nine (9) Secondary Savings can be opened under one Account.
4
Secondary Savings Accounts earn the First500 Savings Base Rate. Rates subject to change without notice.