FirstTrust Bank

The FirstTrust Bank has been doing sound business in the Philadelphia area for over 75 years. The personal banking sector of this bank has many facets to it.

There are six different checking accounts to fit into the many life stages customers are in. These types of accounts are the Members Checking, Free Checking, Interest Checking, Relationship Checking, Gold 50 Checking, and Gold 50 Plus Checking.

There are five different saving accounts to choose from including High-Yield Interest, Interest bearing, Statement, Passbook, and the First Savers Youth Passbook. For those with a larger amount of savings, the Money Market account has higher returns for a larger investment.

There are 3 different types of Certificates of Deposit available, all with fixed rates. The short term can only be one month long while the longer term CD can reach up to seven years before maturity. For those which have a larger investment of over $100,000, there are the Jumbo rates. All of these CDs require a minimum deposit of $1000 except for promotional offers which require a deposit of $2500 of new money. The latest promotional offer is on the 14 month CD which has an interest rate 1.49% and an APY of 1.50%.

The personal services of this bank include internet banking, account services, a Visa debit card, safe deposit boxes, travelers checks, PA consumer Credit Counseling Agencies and FDIC Consumer News reports.

There are also several Visa credit cards offered. The right one would depend on your needs and spending habits.

The FirstTrust Bank rates are current as of 11/3/09 and are subject to change with notice.

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