Regular Savings
This savings account is a great place to start saving. There are no monthly fees and you can make regular deposits. The Regular Savings account can be opened with a minimum balance of $5 and is equal to one par value of First American.

A minimum balance of $100 is required to earn the stated rate and annual percentage yield (APY). Dividends are calculated on the daily balance method and are compounded quarterly.    Top of page

Holiday Club Savings
This account is designed to assist members in saving for their holiday expenses. The Holiday Club may be opened at any time during the year with a minimum balance of $5. There are no monthly fees and deposits can be made regularly. Dividends are paid quarterly.

Funds on deposit in the Holiday Club account will be credited with accrued dividends and transferred to your Regular Savings on October 1. Your Holiday Club account will remain open after funds have been transferred.

Early withdrawals can be made, but your Holiday Club will be closed and you will not receive any unearned dividends for that quarter. A new Holiday Club can be opened the following October 2.
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Goal Setters Savings
The Goal Setters Savings is a great way to save for any short- or long-term goal. This account acts like a CD and savings account. You choose the term of the account that best fits your needs.

A minimum deposit of $5 is all you need to open the account. This account is compounded daily and credited monthly. A penalty for early withdrawal will be assessed.                                        Top of page

Youth Savings
Use our Youth Savings account to teach your child(ren) about saving. At a higher annual percentage yield (APY) than most regular savings accounts, it's a great way for them to start saving for college.

This account is open to members under the age of 22. A minimum deposit of $25 is required to open. Deposits can be made at any time and withdrawals are unlimited. A minimum balance of $25 must be maintained to earn dividends. Dividends are compounded quarterly. Transactions are limited to the benefit of the child.                                                                                                  Top of page

Safe Account
The Safe Acocunt is a non-interest bearing account which means there is no interest income to report to the Internal Revenue Service (IRS). The account is perfect for those who do not yet qualify for a Social Security Number (SSN) or an Individual Tax Identification Number (ITIN), and want a safe and sercure place to keep their money .

A $5.00 minimum deposit is required to open the account. Additional deposits can be made anytime. For more information about the Safe Account, please contact a Member Service Officer at
800-776-7159.                                                                                                                                  Top of page

Certificates of Deposit (CDs)
Lock in high dividend rates with a risk-free guaranteed rate of return when you open a CD. We offer various terms to meet your needs, see our rate sheet. The minimum deposit to open a CD is $500.

Your earned APY (annual percentage yield) is determined by the amount you have deposited and the select term of the CD. Dividends are earned and compounded quarterly or monthly depending on the term of the CD. Funds are not available until the maturity date. A penalty may be assessed for early withdrawals.                                                                                                                                      Top of page

IRA Accounts
First American offers a variety of IRA savings plans, including Traditional IRA, Roth IRA, and Educational IRA (now known as Coverdell Education Savings Account).

Traditional IRAs allow anyone under the age of 70 1/2 with income from compensation to make contributions. Earning are compounded without tax until withdrawn. Contributions may be tax deductible. Contributions made to Roth IRAs or an Education IRA are not tax deductible, but may have the opportunity for tax-free earnings.

Your earned APY (annual percentage yield) is determined by the amount you have deposited and the select term of the IRA. Each IRA requires a minimum deposit of $500. Dividends are compounded and credited quarterly.                                                                                                                     Top of page

MarketStar™ or MarketStar 5000™
These savings accounts are ideal for members who enjoy playing the market. Deposited can be made to each account any time. Withdrawals are only available for the first 10 days of each calendar quarter.

A minimum deposit and balance of $50,000 is required for the MarketStar™. Minimum interest rate for the MarketStar™ is indexed to the average weekly 3-month treasury bill rate plus 0.15%. A $5,000 minimum deposit and balance is required for the MarketStar 5000™. Minimum interest rate for the MarketStar 5000™ is indexed to the average weekly 3-month treasury bill rate. Rates may be changed every Wednesday. Other restrictions may apply; please contact us for further details.
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Real Estate Escrow Savings
This account is designed to assist our members in paying their real estate taxes and insurance when they come due. The savings option is only available to members who hold their mortgages with First American.

Withdrawals or transfers from his account are allowed only to pay the taxes and insurance ont he property securing your mortgage loan. Any overage funds may remain on deposit and applied to next year's taxes and insurance, or transferred to the mortgage loan's outstanding balance, or may be refunded when the escrow is analyzed.                                                                                      Top of page