A Personal Savings Account for Every Need
Saving money is smart – and First Western makes it effortless. Your financial well-being is our top priority, which is why we offer flexible savings accounts and powerful tools to help you plan ahead, stay prepared, and handle life with confidence. Enjoy competitive interest rates, plus the peace of mind of being FDIC insured.
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Savings Accounts
URFirst Savings – Start a simple savings plan
- $100 minimum opening balance
- Six free withdrawals per calendar month. Additional withdrawals are $5 each1
- Limited transaction account2
- Interest paid on balances of $100+1
- 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 FW1
Elite Savings – Start a simple savings plan
- $1,000 minimum opening balance
- Competitive interest rates
- 6 free withdrawals per month
- First Western Online and Mobile Banking
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 rates1
- Six free debits per statement cycle2
Visit with a First Western Customer Service Representative to find the Money Market account that best fits your needs
Certificates of Deposit (CD) –
The ultimate savings tool. 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
Health Savings Account (HSA)
Perfect for high-deductible health plans — designed to help you save for medical costs while reducing out-of-pocket expenses. Our HSA includes:
- No service charges
- Earn interest
- Contributions are tax-deductible
- Interest earned is tax-free
- Tax-free withdrawals for qualified medical expenses
- Flexible access — unlimited withdrawals without penalties (for qualified expenses)
- IRA rollover options
- Start your account with just $100
Christmas Club Savings – Save today for your gift list
- Earns a competitive interest rate1
- 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 on the first business day of November, unless closed by the 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 more1
- Parent or guardian must sign on the account
- 6 Free withdrawals per month, additional withdrawals $2 each1 2
- Quarterly Statements
Compare Our Savings Accounts
| Feature | URFirst Savings | Elite Savings | Christmas Club | Wish List | Kids S.A.F.E. | Health (HSA) | Easy Access Money Market |
|---|---|---|---|---|---|---|---|
| Service Charge | $3.00 per month if balance falls below $100 during statement cycle. 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 balance. (1) |
Yes | Yes | Interest is paid on balances of $1 plus(1) | Yes | Competitive interest is paid on balances of $10,000+ (1) |
| Withdrawal Limitations | 6 free per month, $5 fee for each additional withdrawal | 6 free 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 free per month, $2 fee for each additional withdrawal | Unlimited Withdrawals | 6 free per monthly statement cycle, $9 fee for each additional withdrawal. |
| Free Online Banking and Bill Pay | Yes | Yes | Yes | Yes | Yes | Yes. | Yes |
| Free eStatements | Yes | Yes | Yes | Yes | Yes | Yes | Yes |
| Minimum Opening Balance | $100 | $1,000New Money to FW Only | $25, maximum of $1000 | $25, maximum of $1000 | None | $100 | $10,000 |
| Other Benefits | Monthly Statements | Competitive interest rate | Annual Statements. | Annual Statements. | Monthly 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 | 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 account holder. |
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 account holder. |
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? -
No matter your goal, First Western is here to help you make a plan. If you'd like to find out more about opening a personal savings account or applying for a loan, call us at 1-877-631-0107, or stop by a branch today.
1 - Fees could reduce earnings on account.
2 - Additional withdrawals will be subject to account closure and accrued interest will not be paid.
