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First National Bank makes saving easy at any age.  Stop by one of our branches or apply online today!

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  • Designed for youth under the age of 18.
  • Earn prizes for making deposits.
  • Interest compounds quarterly.
  • Unlimited in-person withdrawals.
  • Competitive savings account rates
  • Interest compounds quarterly.
  • Unlimited in-person withdrawals.
  • Unlimited cash withdrawals and in-bank transfers
  • Write up to 6 checks monthly.
  • Interest compounds monthly.
  • Set aside money for a special event.
  • Monthly auto transfer required.
  • Funds distributed annually to your FNB checking.
  • Interest compounds monthly.
Minimum Balance N/A $300 $1000 $25
Monthly Maintenance Fee N/A $3

if balance falls below $300


if balance falls below $1000

Activity Fee $0.50 per withdrawal

in excess of 3 per month

$0.50 per withdrawal

in excess of 3 per month

$0.15 per debit*

if balance falls below $500

$5 per withdrawal

in excess of 1 per year

*Debits include checks, ATM withdrawals, automatic payments and in-person withdrawals.

*Call or stop by a branch to open a Kids First Savings account.

Get the most out of your account with Online and Mobile Banking and Money Management.

First-Time Homebuyer Savings Account

Our main goal is helping customers achieve their financial goals, and homeownership is often chief among those goals. In 2017, Iowa Legislature passed a law that created a new income tax credit for first-time homebuyers. The tax credit can be accessed through the use of a homebuyer savings account, which can be set up and maintained at First National Bank. To qualify for the tax deduction, the homebuyer must be a first-time homeowner who has not previously owned – either individually or jointly – a single or multifamily residence in the previous three years. Here's how it works:

  • Open either a First National Bank Standard Savings Account, or Money Market Account
  • You can make unlimited deposits each year to the homebuyer savings account, including automatic transfers
  • In 2020, the income tax deduction is limited to $2,137 per year when filing individually and $4,274 per year when filing jointly
  • Interest earned on account balances is exempt from state income tax
  • Accounts can be opened in another person’s name. For example, a parent could open a bank account and contribute to it as a gift to a child. As long as the funds are used toward the purchase of a first home, it will qualify for the tax deduction
  • The maximum amount that qualifies for the exemption will be adjusted annually for inflation
  • The money within an account is available for up to 10 years to be used for the qualifying purchase costs of a single-family residence

For additional information provided by the Iowa Department of Revenue, click here. Please consult your tax advisor for additional tax related questions.

Coverdell Savings Account

  • Great investment for your child or grandchild's education
  • Money may be used for elementary, high school, or college expenses
  • Annual contributions of $2,000 can be made
  • Contributions can be made for a beneficiary under the age of 18

Stop by one of our branches in Ames, Ankeny, West Des Moines, Johnston or Osceola to open a Coverdell Savings Account today!


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