Online Savings Account

A simple, convenient online savings account

Easy to open and save on the go

You can count on convenience when you open a Royal First Bank online savings account. Track your balance and deposit checks anytime, anywhere.

No minimum balance

Save as much or as little as you're ready for.

No monthly service charge

You won't pay a fee to keep your online savings account open.

Competitive rates

Earn interest on your daily balance and receive monthly credits.

Open an online savings account now , Opens in a new tab
Start saving with no monthly fees Open an online savings account now , Opens in a new tab
Online Savings Benefits and Pricing

Easy access and low fees

Open with less

Open your online savings account with a low minimum opening deposit of $50.

Earn interest

Earn 0.03% APYDD on your daily balance, compounded daily and credited monthly.

Easily access your money

Your first two withdrawals or transfers per month are free, then $3 each.

Get overdraft protection

Choose the right level of overdraft protection coverage for your account.

Bank when you want

Enjoy free digital banking, bill pay and 24/7 mobile deposits.

Get alerts

Securely keep track of your account activity with text and email alerts.

Spot spending trends

Use the Manage My Money trends tool to visualize your spending habits.

How to get started

It's easy to open a savings account online in just 3 steps.

Step 1

Tell us about yourself

To start your application, we'll ask for your personal details such as name, address, email address and Social Security number.

Step 2

Make your first deposit

Make an initial deposit of $50 or more with your credit or debit card, or by transferring funds from an existing Royal First Bank checking or savings account.

Step 3

Enroll in Digital Banking

Get access to your online savings account right away when you enroll in Digital Banking.

Payments & Transfers

Instantly move your money wherever you need it

Pay your bills from any device

Send money with Zelle®

Transfer funds to other accounts

Learn more about payments and transfers in digital banking
Payments & Transfers

Instantly move your money wherever you need it

Pay your bills from any device

Payments & Transfers

Instantly move your money wherever you need it

Send money with Zelle®

Payments & Transfers

Instantly move your money wherever you need it

Transfer funds to other accounts

Learn more about payments and transfers in digital banking
Proactive Protection

Take control of your finances

Prepare for the unexpected by linking your savings account to your checking for overdraft protection and to track your balances with alerts.
Learn more about overdraft prevention and protection
Home Improvement Loans

Fast access to funds for your remodel project

A quick and easy application process to remodel without using your home as collateral.
Learn more about home improvement loans
FAQ

People often ask us

An online savings account is a convenient way to save money without having to visit a local branch. You can open a savings account online with as little as $50, and you can deposit or transfer funds by using a computer or mobile device connected to the internet.

Yes. You can open a Royal First Bank savings account online with no monthly fee. To get started, we'll ask you for some personal details and guide you through making your first deposit. You can make the first deposit by transferring funds from an existing Royal First Bank checking or savings account, or by using your credit or debit card. Then you can enroll in Digital Banking to access and manage your account online.

With Digital Banking, you can access your online savings account at home or on the go. Download the Royal First Bank mobile app to deposit checks quickly and securely, simply by taking pictures of the check. Accessing your funds is easy with two free transfers or withdrawals per month, and you can make additional transfers or withdrawals for $3 each. Interest is compounded daily and credited to your account monthly to help your funds grow over time.

Yes. You can access your online savings account at an ATM. And, if you have a Royal First Bank checking account, both accounts can be linked to your Royal First Bank Visa® debit card.

Yes. Your online savings account is FDIC-insured up to $250,000.

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