First American Student Savings Account

$20 a year on $10,000 at today’s 0.20% APY. $5 a month. $50 to open.

Checked Nov 1, 2026Updated Nov 1, 2026

A year on $10,000

APY on $10,000

Monthly fee

To open

In dollars

What it earns in a year

Interest at the APY for each balance, minus any monthly fee you’d pay. Pick your balance; the rail’s figure follows it.

From the bank’s own pages. A feature not listed may still be offered: we list only what the bank states.

In the bank’s words

Balance needed for the APY: $1firstambank.com, checked Nov 1, 2026
To earn the APY: You must maintain a minimum balance of $1.00 in the account each day to obtain the disclosed APY.firstambank.com, checked Nov 1, 2026
Interest compounds: dailyfirstambank.com, checked Nov 1, 2026

Monthly fee: $5 a monthfirstambank.com, checked Nov 1, 2026
Ways to avoid the monthly fee: Any one of these:
Minimum daily balance $250.00. Must be maintained every day of the statement period to avoid the monthly fee.
Waived until age 23*
firstambank.com, checked Nov 1, 2026
Minimum to open: $50firstambank.com, checked Nov 1, 2026
Overdraft fee: $39.50firstambank.com, checked Nov 1, 2026
Returned item (NSF) fee: $39.50firstambank.com, checked Nov 1, 2026
Overdraft transfer fee: $10firstambank.com, checked Nov 1, 2026
Most overdraft fees in a day: 6firstambank.com, checked Nov 1, 2026
ATM network: Allpoint and Presto!firstambank.com, checked Nov 1, 2026
Out-of-network ATM fee: $3firstambank.com, checked Nov 1, 2026

FDIC-insured, up to $250,000 per depositor, per ownership category: FDIC BankFind.

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