First500 & Secondary Savings

First500 Savings

Your First500 Savings Account is your gateway for membership in First Entertainment and all the benefits that come with it. It’s the cornerstone of your credit union experience, and it’s the first place you’ll see your money start to grow. And once you open your First500 Savings Account, you’ll have membership benefits for life. You can earn a higher APY* on the first $500 in your First500 Savings Account when you also have a First Entertainment Checking Account with eStatements AND either our online Bill Pay Service or Direct Deposit. It’s that easy!

For our younger members 17 and under, including those with Coogan Accounts, all that is needed to enjoy the benefits of a First500 Youth Account is Digital Banking access and eStatements.^**

Secondary Savings

• Sometimes it’s easier to manage your savings when it’s not all lumped together. Sub-accounts can help keep it all clear.^† Each member may open up to nine Secondary Savings Accounts.
• Secondary Savings do not require a minimum deposit or balance.^††
• They can be custom named, such as “Brittany’s College Tuition,” “House Fund” or “Travel Budget.”

* APY = Annual Percentage Yield. The APY for an account balance up to $500 in a First500 Account will be 2.00% 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 2.00% 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.

** First500 Youth Accounts will earn the First500 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. Call us for current rates, or see our Savings Rates page.

†Maximum number of nine (9) Secondary Savings can be opened under one Account.

†† Secondary Savings Accounts earn the First500 Savings Base Rate. Rates subject to change without notice.