High-Yield Savings Account
Why Choose Our High-Yield Savings Account?
Our High-Yield Savings Account offers an exceptional 3.30% APY—a rate that outpaces traditional savings options. Build your balance with dependable growth.
- 3.30% APY – Earn more on every dollar you save.
- No Monthly Fees – Keep more of what you earn.
- Full Access to Funds – Withdraw anytime without penalties.
- NCUA Insured – Your money is safe, secure, and insured up to $250,000.
- Easy Online Access – Manage your savings 24/7 through Digital Banking.
- Physical Branch Access – Visit a branch whenever you need in-person support across the greater Los Angeles area.
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Account Type |
Minimum Balance |
APY* |
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*APY = Annual Percentage Yield. APY is based on the assumption that dividends remain on deposit for the entire dividend period. Rates are variable and subject to change without notice. |
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Account Type High-Yield Savings Account |
Minimum Balance $0 |
APY* 3.30% |
How our High-Yield Savings Account Compares
See how First Entertainment’s relationship-based High-Yield Savings Account compares to traditional banks and digital-only platforms.
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Type of organization
Type of organization
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Savings approach
Savings approach
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Fees
Fees
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Minimum balance
Minimum balance
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In-person branch support
In-person branch support
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Who benefits most
Who benefits most
First Entertainment Credit Union (HYSA)
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Type of organization
Member-owned credit union built to benefit members
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Savings approach
Competitive high-yield savings designed for long-term growth
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Fees
No monthly maintenance fee
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Minimum balance
$0
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In-person branch support
Local branches with relationship-based, personalized member service
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Who benefits most
Members and their financial well-being
Banks & Neobanks
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Type of organization
For-profit banks or VC-backed platforms
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Savings approach
Lower bank rates or short-term, promo-driven yields
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Fees
Banks often charge fees; neobanks vary
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Minimum balance
Often require minimums and tiered balances
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In-person branch support
Banks may offer branches; neobanks are digital-only
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Who benefits most
Shareholders or platform users
Open Your High-Yield Personal Savings Account
Get started in a few simple steps.
Option 1: Open an Account Through Digital Banking
Log in to digital banking and open your new account in just a few clicks. It’s quick, easy, and can be done entirely on your schedule.
Open an account
Option 2: Schedule a Video Appointment
Skip the trip and open your account from the comfort of home. Meet with a representative face-to-face—virtually—and get set up in no time.
Schedule Your Appointment
Option 3: Give Us a Call
We’re happy to help you open your account over the phone—no screens required.
Call Us
Frequently Asked Questions (FAQs)
Got Questions? We’ve Got Answers
A savings account offering a higher annual percentage yield (APY) than traditional savings accounts.
Interest accrues daily and is paid monthly. The APY reflects your annual earnings, including daily compounding.
Yes. A High-Yield Savings Account (HYSA) from First Entertainment is federally insured by the National Credit Union Administration (NCUA) for up to $250,000 per depositor.
Yes, rates are variable and may change anytime.
No, there are no withdrawal limits.
Yes. Your money stays safe, easily accessible, and earns more interest than a traditional savings account.
Yes, interest earned is taxable and reported on a 1099-INT form to include with your tax return.
No, opening a savings account does not impact your credit score.
No. You are only allowed one HYSA account.
No. There is no minimum deposit requirement.
Why Join First Entertainment
As part of the entertainment community, you need a financial partner that understands your story. That’s the role we were born to play. We’re member-owned and not-for-profit, so you can count on:
- Great rates and lower fees
- Convenient digital and mobile banking tools
- Branches on studio lots2
- Loans to cover union fees
- Investment and insurance services
- Free credit score monitoring
- Homebuying commission rebates
- Free financial wellness resources
- Easy transfers with Zelle®3
What our members say
— Neal Z., Prop Master Read the full member storyFirst Entertainment is the best place for me to be. They’ve done a great job meeting my needs.
What our members say
— Rae A., Wardrobe Stylist Read the full member storyBeing a creative and working on productions, we may have large checks, and First Entertainment makes it easy and worry-free to mobile deposit on the go.
What our members say
— Devin H., Set Lighting Technician Read the full member storyFirst Entertainment is an ideal financial partner because the Credit Union understands the constant flux of the entertainment industry.
What our members say
— Shari H., Director DEI Operations Read the full member storyIt’s important that a financial institution understands the unique needs of the industry it serves in an equitable and empathetic way, and First Entertainment does that well.
What our members say
— Karen S., Makeup Artist (IATSE Local 706) Read the full member storyFirst Entertainment made the mortgage process painless for someone in the industry who has non-traditional work hours and pay history.
Disclosures
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APY = Annual Percentage Yield. The APY for the Personal High Yield Savings Account is 3.30%. The rate is accurate as of February 2, 2026. Dividends accrue daily and are paid monthly. This is a variable-rate account, and rates may change at the discretion of the Credit Union. Fees may reduce earnings. Membership eligibility required.
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Branches are only accessible for those cleared for access.
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To be eligible for Zelle®, you must be a member for at least 90 days. To send or receive money with Zelle®, both parties must have an eligible checking or savings account. Zelle® and the Zelle® related marks are wholly owned by Early Warning Services, LLC and are used herein under license.
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Equal Housing Opportunity