Nonprofit Savings
At City First we have a clear understanding of the unique 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.
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 $500.00.
Experience true community development banking as a socially responsible investor!
Make a difference in your community while receiving the banking services you're looking for. To start your relationship, please complete the attached form and upload here. Someone will contact you no later than the close of the next business day. You may also call 202-243-7100 or email us at branchrequests@cityfirstbank.com to learn more.
| Nonprofit Advantage Money Market Account | |
|---|---|
| Minimum to Open | $100.00 |
| Monthly Service Charge | $8.00 monthly service charge if the account balance falls below the required minimum. |
| Minimum Monthly Average Balance Requirement | $1,000.00 |
| Interest Bearing | Yes; tiered rate based on account balance. |
| Account Rate and Limitations | Our exclusive Nonprofit Money Market account enjoys a competitive tiered rate and, by regulation, is limited up to six withdrawals per month.* |
| Certificate of Deposit | ||
|---|---|---|
| Account Type | Minimum to Open | CD Term and Rate |
| Regular CD | $500.00 | From 3 months to 5 years |
| Jumbo CD | $100,000.00 | From 3 months to 5 years |
* Federal regulations limits the number of withdrawals and/or transfers from Savings or Money Market accounts
