Escrow Savings

Escrow Savings Account

Don’t let the tax season sneak up on you. Save for real estate tax and mortgage insurance payments with this convenient Escrow Savings account.

 

Key Features

  • Competitive Interest
  • Digital Banking
  • No Minimum Balance
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  • Reduce the stress of tax season with an Escrow Savings account
  • Set aside funds for real estate tax and mortgage insurance payments
  • Competitive interest compounded and credited quarterly
  • No minimum balance requirements
  • Make deposits at any time or set up automatic transfers from checking
  • Take advantage of our digital banking services:
    • Free online banking
    • Free mobile banking
    • Free e-statements
  • Free telephone banking
  • $25 minimum deposit to open
  • Paper statements are a thing of the past! Sign up for eStatements

 

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  • We'll help you estimate what you'll need each year to pay your real estate taxes and your homeowners insurance
  • We'll break that total down into an amount that you can pay monthly, bi-weekly, or weekly
  • We'll set up an automatic transfer of the agreed-upon amount from your First Citizens checking account into our interest-bearing Escrow Savings Account1 

1If the EFT is canceled, the amount will revert to a Regular Savings account.

Third party message/data rates may apply.

 

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