Savings

At City First, we have a wide variety of interest-earning accounts to meet every organization’s needs. From money market accounts offering immediate liquidity to certificates of deposit that allow you to save for the long term, we have the right savings solution for your organization. And because we know that many nonprofits share our mission of making a positive impact on the welfare of low-wealth or underserved communities, we have a tailor-made savings solution that offers higher rates for higher balances to help grow the funds and further the financial viability of these nonprofits.

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

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