At City First we have a unique understanding of the special needs and mission focus of nonprofit organizations. Unlike most banks that are owned by shareholders whose primary motivation is profit, City First shareholders are like minded social investors who expect business proceeds to be reinvested in the company.
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.
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 transactions 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 transactions 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.
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