Savings Accounts

Save with Confidence

The key to increasing your earning potential is using your money effectively while you have it. Make your money work for you with a business savings account from First National Bank Alaska.

Business Savings

Save with confidence. Your deposit is held in one of the nation's soundest banks and insured by the FDIC. Account details:

  • No minimum deposit to open
  • Meet the minimum daily balance of $2,500 and avoid monthly service fee
  • Monthly service fee of $4 with e-Statement
  • Monthly service fee of $5 with mailed paper statement
  • No charge for first three withdrawals per month
  • $5 for each withdrawal thereafter
  • Restricted to six transfers per month

Interest is compounded daily and credited on the last day of each quarter. Funds earn interest at a competitive rate (daily balance computation method); for current annual percentage yield (APY) and balance tiers, click here.

First Tier Savings

A First Tier account benefits customers who make frequent deposits to meet a goal. As a variable-rate account featuring an open term, it provides an attractive alternative to certificates of deposit. Account details:

  • Minimum deposit of $7,500 to open
  • Meet the minimum daily balance of $7,500 to avoid monthly service fee
  • Monthly service fee of $19 with e-Statement
  • Monthly service fee of $20 with mailed paper statement
  • Deposits can be made at any time and in any increment
  • The higher your account balance tier, the higher the rate of interest you will earn
  • No charge for first withdrawal per month
  • $20 for each additional withdrawal thereafter
  • Restricted to six transfers per month

Interest is compounded daily and credited on the last day of each quarter. Funds earn interest at a competitive rate (daily balance computation method); for current annual percentage yield (APY) and balance tiers, click here.

Certificates of Deposit (CD)

Use a CD to set aside funds for a specific date or purpose and earn a specified, competitive rate of interest until maturity. Certificates may be used as collateral for loans or withdrawn early for emergencies. Account details:

  • Minimum deposit of $750 to open
  • Interest accrues from the first day of deposit
  • Tiered interest rates by dollar amount and duration
  • Maturity notice mailed prior to maturity date
  • Government regulated penalty applies for early withdrawal
  • Automatically renewable when specified at time of purchase
  • Bank rate at time of renewal will apply

On auto-renewable CDs with a term of 365 days or less, interest may be paid to a First National Bank Alaska account, or compounded to the certificate on the maturity date. Longer term certificates require periodic interest payments (at least annually) be made to a First National Bank Alaska checking or savings account.

Interest is calculated using the daily balance computation method; for current annual percentage yield (APY) and balance/maturity tiers, click here.

For All Accounts

The minimum daily balance is required to avoid monthly service fees. Excessive transfers may result in closure of account. Transfers refers to telephone, automatic or pre-authorized transfers. Withdrawals include in person, ATM, automatic, telephone, or pre-authorized transfers. First National Bank Alaska reserves the right to analyze the activity of all business accounts and charge accordingly.