Personal Banking | Savings

Saving money is smart – and First Western makes it easy. You’ll get competitive interest rates, plus the peace of mind of being FDIC insured. For higher yields, choose a First Western CD. To save while maintaining easy access to your cash, select a Money Market Account. Or take advantage of our Christmas Club, Wish List or Kids Club Savings.

Money Market Gold – Tiered interest rates depending on your balances

  • Tiered interest compounded monthly 5
  • Avoid a monthly service charge by maintaining a low minimum balance 5
  • Six free debits per statement cycle 7

First Choice Money Market – Designed for account balances of $75,000 and up

  • Earn a higher interest rate than Money Market Gold
  • Maintain minimum balance of $75,000 to earn the interest rate
  • Six free debits per statement cycle 7
  • View your balances online

Certificates of Deposit – Lock in a fixed interest rate over a fixed term

  • East to open and maintain
  • Get a guaranteed rate of interest for a fixed term
  • Variety of term lengths available

Traditional Savings – Start a simple savings plan

  • Low minimum opening balance
  • Interest compounded monthly 5
  • Minimal number of free withdrawals each month (fee for each additional withdrawal)
  • Limited number of transactions monthly
  • Quarterly statements
  • Free email statements
  • Free online banking

Christmas Club Savings – Save today for your gift list

  • Earns a competitive interest rate 5
  • 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 free withdrawal on the last business day of October in the form of a direct deposit – all other withdrawals are a nominal fee
  • Account automatically renews the first business day of November, unless closed by 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 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
  • Special gift at account opening
  • Prize with each deposit
  • Interest paid on balances of $1 or more
  • Parent or guardian must sign on the account
  • Limited number of withdrawals per month (fee for each additional)
  • Statements mailed each quarter

Ready to get started?

Call your First Western representative today:

1-800-979-4577 toll-free in Western Arkansas and 1-877-631-0107 toll-free in Northwest Arkansas.

5 – Fees could reduce earnings on account.

7 – The product allows for unlimited deposits, but limited to 6 free withdrawals a month.