The more accounts you open, the more money you earn back!
Bonus/Account Information: Offer valid through 12/31/2020.
To receive the Bonus Payment, you must open a new account or accounts at our Gig Harbor or University Place branches and deposit the required opening deposit balance based on your account selection the same day. We will deposit the Bonus Payment amount you qualify for, to your new account 90 days after account opening. The bonus cannot be used as the opening deposit. This Bonus Payment is considered interest and will be reported on IRS Form 1099-INT at the end of the year. Please consult your tax advisor.
Account Closing: If your account is closed within nine months, we will deduct the bonus amount at closing.
Other restrictions may apply, refer to Truth and Savings Disclosure for your new accounts.
Minimum Balance for Bonus
Annual Percentage Yield (APY)
First Enhanced Savings*
$100,000 & up
First Premium MMDA*
$100,000 & up
*Rates are effective as of 10/20/2020 but may change weekly. Interest rates are variable and may change after account opening. Transfers from a money market or savings account to another account or to third parties by pre-authorized automatic, internet, telephone, check, or similar order are limited to six per statement cycle. Your savings or money market account is subject to a fee for each transaction over the limit. Please refer to the Fee Schedule. Fees may reduce earnings
First Enhanced Savings-A linked checking account is required and must have a direct deposit totaling a minimum of $250.00 per month. Direct deposit must be your paycheck, pension, or government benefits (such as social security) from your employer or the government. The First Enhanced savings and linked checking account requires a combined statement and overdraft transfer. Failure to meet these requirements will result in the First Enhance Savings Account being converted to a Statement Savings Account. A $25 early close out fee will be charged if the linked checking account is closed within 180 days of opening a First Enhanced Savings Account.
First Premium MMDA-Maintain balance of $25,000 to waive $10 monthly service fee.
**Bonus is available for all Certificate of Deposit (CD) terms. The annual percentage yield will vary depending on the term selected. For example, our 12 months CD currently pays 0.04 % annual percentage yield (APY) on balances of $100,000 or higher as of 10/020/2020. Interest rates are subject to change daily. APY assumes interest remains on deposit until maturity. A penalty may be imposed for early withdrawal of principal. Fees may reduce earnings.