A middle-aged couple standing together near a grove of trees

Money Market Passbook Savings

It feels good to have money in the bank.

If you prefer keeping track of your savings with paper and pen, First Northern Bank and Trust has you covered with our Money Market Passbook Savings Account. As an extra bonus, you can even enable Online Banking and watch your balance grow online.

Account Details and Features

  • Minimum opening deposit $2,500.00
  • Online Banking (balance views only)
  • The First Northern Bank and Trust Co. Mobile App for iPhone®, iPad®, and Android® devices is available for download from the App Store® and Google Play® (balance views only, no electronic transactions)
  • Express Banking (access your account by phone)
  • Direct Deposit
  • No service fee on accounts with a minimum daily balance of $2,500.00
  • The Passbook serves as a record of all transactions and must be presented at the time of each deposit or withdrawal.
  • View competitive interest rates.
  • See additional details

If your Account does not currently include Online Banking and you'd like to set it up, please enroll now

Open a Money Market Passbook Savings Account.

Call 1-800-344-2274 or visit any branch location.

There is no fee for the First Northern Bank and Trust Co. Mobile App but connectivity and usage rates by your carrier or internet provider may apply. Contact your wireless service provider for more details. Deposits are subject to verification and are not available for immediate withdrawal. Deposit limits and other restrictions apply. iPhone®, iPad®, and App Store® are registered trademarks of Apple Inc. Android® and Google Play® are trademarks of Google LLC.

Rate Information. View current rates. Your interest rate and Annual Percentage Yield may change.
• Determination of Rate: At our discretion, we may change the interest rate on your account.
• Frequency of Rate Changes: We may change the interest rate on your account at any time.
• Limitations on Rate Changes: There are no maximum or minimum interest rate limits for this account.

Compounding and Crediting. Interest will be compounded monthly and will be credited to the account monthly. If you close your account before interest is credited, you will receive the accrued interest. The accrued interest must be more than $1.00 to receive the accrued interest.

Minimum Balance Requirements. You must deposit $2,500.00 to open this account. A service charge of $10.00 will be imposed every month if the average daily balance for the month falls below $2,500.00. The average daily balance is calculated by adding the principal in the account for each day of the period and dividing that figure by the number of days in the period. You must maintain a minimum daily balance of $2,500.00 in the account each day to obtain the disclosed Annual Percentage Yield.

Balance Computation Method. We use the daily balance method to calculate interest on your account. This method applies a daily periodic rate to the principal in the account each day.

Accrual on Non-Cash Deposits. Interest begins to accrue on the business day you deposit non-cash items (for example, checks).

Transaction Limitation. You may make 3 withdrawal(s) from your account every month.

Additional Information Regarding Your Account. Electronic transactions are not allowed.

Check Standards: You agree to only write or deposit checks that are written in an ink type or color (blue or black) that reproduces clearly when imaged or copied. You also agree that you will not write or deposit checks that bear designs, security features, or other elements that prevent the check from being imaged or copied with all of its necessary elements being reproduced clearly.

Substitute Checks: You agree that you will not, without the Bank’s express written consent, deposit any substitute check into an account.

Fees and Charges. For information about fees and charges associated with this account, view our Schedule of Service Fees.