Personal Savings

Personal Savings Accounts at First Western Bank

Whether you're building an emergency fund, saving for a future purchase, or planning for your family's future, having the right savings account can help you stay on track. First Western Bank offers a variety of personal savings accounts in Arkansas designed to fit different goals, balances, and stages of life.

From simple starter accounts to higher-balance savings options, our team can help you find the account that best fits your needs.

Find the Savings Account That Fits Your Life

Everyone saves for different reasons. Some customers are opening their first savings account, while others are looking for competitive interest on larger balances or a dedicated account for a specific goal.

First Western offers several savings account options, making it easy to choose an account that matches the way you save. Whether you're planning for everyday expenses, holiday shopping, your child's future, or long-term financial goals, there's an account designed to help.

Our Personal Savings Options

URFirst Savings – Start a simple savings plan

URFirst Savings is a straightforward savings account designed for everyday saving.

Open an account with a $100 minimum deposit, earn interest on balances of $100 or more¹, have 6 free withdrawals each month (additional withdrawals are $5 each¹), and enjoy a low $3 monthly service charge that can be waived by maintaining a $100 minimum balance or a qualifying First Western relationship balance of $5,000. It's a practical option for customers looking to build savings while keeping their money accessible. This is a limited transaction account to help keep you on track with your goals.

Money Market Account

A Money Market Account combines competitive interest¹ with flexible access to your savings. It's designed for customers who maintain balances of $10,000 or more and want to earn a competitive rate while still being able to make up to six withdrawals per statement cycle^1,. It's a good choice for larger emergency funds or savings you may need to access occasionally.

Certificates of Deposit (CDs)

Certificates of Deposit are designed for money you can set aside for a specific period of time. Choose from a variety of term lengths and lock in a fixed interest rate for the term, giving you a predictable way to earn interest on savings you don't need immediate access to.

Health Savings Account (HSA)

A Health Savings Account helps eligible customers with high-deductible health plans set aside money for qualified medical expenses. First Western's HSA has no service charge, earns interest, and can be opened with $100, with tax advantages available for eligible contributions, earnings, and qualified withdrawals.

Christmas Club Account

Christmas Club Savings helps you prepare for holiday expenses by saving throughout the year. Open an account with as little as $25, make automatic transfers from your First Western checking account, and receive your savings as a direct deposit on the last business day of October, just in time for holiday shopping².

Wish List Savings

Wish List Savings helps you save gradually for a specific purchase or goal, whether that's a vacation, home project, or another planned expense. Choose the month you want your savings paid out, and when your cash-out date arrives, the funds are automatically deposited into your First Western checking account².

Kids S.A.F.E. Savings

Kids S.A.F.E. Savings is designed for children from birth through age 18 and helps families begin teaching good savings habits early. There is no minimum opening deposit, interest is paid on balances of $1 or more¹, and a parent or guardian is required on the account. Children can make deposits while parents help guide their savings journey.

Compare Our Savings Accounts

Feature	URFirst 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.	None	None	None	None	None
Interest Earning	Interest is paid on balances of $100 plus⁽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	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
Free eStatements	Yes	Yes	Yes	Yes	Yes	Yes
Minimum Opening Balance	$100	$25, maximum of $1000	$25, maximum of $1000	None	$100	$10,000
Other Benefits	Monthly Statements	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?

Opening a personal savings account is an important step toward reaching your financial goals. Whether you're saving for the future, preparing for unexpected expenses, or teaching a child the value of saving, First Western Bank offers savings accounts designed to fit a variety of needs.

Visit your nearest First Western Bank location or speak with one of our team members to learn more about our personal savings accounts in Arkansas and find the account that's right for you.

Get started today!

1 - Fees could reduce earnings on account.

2 - Additional withdrawals will be subject to account closure and accrued interest will not be paid.

Personal Savings