Nonprofit Savings

Nonprofit Advantage Money Market Account  The Nonprofit Advantage Money Market account is exclusively for organizations that provide social, health, family, or youth services, or services with a positive impact on the welfare of low-wealth or underserved members of the community. This account offers higher rates for higher balances, and helps grow your funds to further your financial viability.  Call 202-243-7100 to ask about our Nonprofit Advantage Money Market Account.

Nonprofit Savings For nonprofits with a funding surplus, City First offers a Business Savings Account with competitive interest earning rates for deposits starting at $100.

Certificates of Deposit  Your nonprofit can make money grow in both the short- and long-term with City First Certificates of Deposit. Start saving for your mission with minimum deposits as low as $500.

 

  Nonprofit Advantage Money Market Account
Minimum to Open $1,000
Monthly Service Charge $8 monthly service charge if the account balance falls below the required minimum.
Minimum Balance Requirement $1,000
Account Rate and Limitations Our exclusive Nonprofit Money Market account enjoys a competitive tiered rate and, by regulation, is limited to six transfers a month.*
 
  Nonprofit Savings Account
Minimum to Open $500
Monthly Service Charge $2 monthly service charge if the account balance falls below the required minimum.
Minimum Balance Requirement $100
Account Rate and Limitations Our nonprofit savings account enjoys a competitive rate and, by regulation, is limited to six transfers a month.*
 
Certificate of Deposit
Account Type Minimum to Open CD Term and Rate
Regular CD $500 From 3 months to 5 years*
Jumbo CD $100,000 From 3 months to 5 years*

 * For more information, or to request a copy of our Truth in Savings Act Disclosure, please click here.

NOTICE OF EXPIRATION OF THE TEMPORARY FULL FDIC INSURANCE COVERAGE FOR NONINTEREST-BEARING TRANSACTION ACCOUNTS

By operation of federal law, beginning January 1, 2013, funds deposited in a noninterest-bearing transaction account (including an Interest on Lawyer Trust Account) no longer will receive unlimited deposit insurance coverage by the Federal Deposit Insurance Corporation (FDIC). Beginning January 1, 2013, all of a depositor's accounts at an insured depository institution, including all noninterest-bearing transaction accounts, will be insured by the FDIC up to the standard maximum deposit insurance amount ($250,000), for each deposit insurance ownership category.

For more information about FDIC insurance coverage of noninterest-bearing transaction accounts, visit http://www.fdic.gov/deposit/deposits/unlimited/expiration.html

LEAVING WEBSITE NOTICE
Please be aware that you are leaving www.cityfirstbank.com and will be redirected to a third party web site. City First Bank of DC has no control over information at any third party site accessed. City First Bank of DC makes no representation and is not responsible for the quality, content, nature, or reliability of any linked site. The inclusion of any link does not imply endorsement, investigation, verification or monitoring by City First Bank of DC. In no event shall City First Bank of DC be responsible for your use of a third party site.