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GOBankingRates named it theBest Bank in Alaskafor 2025.
Although some of the accounts have no opening deposits, the interest rates are low.
The Personal and Youth savings have no minimum opening deposit.
Their CD rates are much higher than their savings accounts rates.
The Super First Investment account requires a minimum deposit of at least $25,000.
First National has a mobile app accessible on the App Store and Google Play.
In lieu of CDs, First Bank offers something called time deposits with fixed rates and early withdrawal penalties.
Data was sourced from June 2024 FDIC reports, along with a selection of leading neobanks.
For savings and checking accounts, we chose only one product per category per institution.
If an institution did not offer a given product, it was not scored.
For institutions with multiple checking accounts, we selected fee-free options or those with the lowest barrier to entry.
If multiple savings accounts met these criteria, we selected the one with the highest APY.
All APYs were calculated based on the base APY being offered, achievable or both.
All factors were then scored and combined, with the lowest score being the best.
All products and offerings had to be available as of Nov. 8, 2024, to be considered.
Rates are subject to change; unless otherwise noted, rates are updated periodically.
All other information on accounts is accurate as ofDec.
