Checking and Money Market Specials at First Bank Financial Centre in Wisconsin


First Bank Financial Centre is offering two nice specials. One is a checking account promotion in which you can earn $150, and the other is a money market special with a 1.00% APY that’s guaranteed to last until 9/30/2014. These offers are scheduled to expire on 6/13/2014, and they’re limited to Wisconsin residents. The full details are listed at the bank’s promotions page.

For the $150 checking account bonus, the customer must open a checking account and have either a direct deposit (an ACH credit) of $250 or more OR 5 signature based debit card purchases. Any of the bank’s checking accounts qualify. This includes a free checking account with no monthly maintenance fee. Below is a copy of the offer’s small print:

Qualifying Activity: Customer must have a direct deposit credit (an ACH credit) of $250 or more, or five (5) signature based debit card transactions must post to the account within 45 days of opening account to receive the $150 cash reward. The $150 cash reward will be deposited into the checking account within 60 days of account opening. Bonus is not based on opening the account, but is paid for a direct deposit credit or five (5) debit transactions. Applicable to personal accounts only. This offer applies to new checking accounts that must be opened with new money not currently on deposit at First Bank Financial Centre (FBFC). FBFC will honor one (1) offer per household. Applicable to Wisconsin residents only. The value of this offer may be reported to recipient as income. Offer expires 6/13/14.

For the money market special with the 1.00% APY, the customer must open a Relationship Money Market Account. This requires that you maintain an active checking account which is defined as an account with either a direct deposit of $250 or more or 5 debit card transactions within any 45 day period. To earn the 1.00% APY and to avoid maintenance fees requires a minimum balance of $15,000. Maximum deposit is $250,000. The rate is guaranteed to last through 9/30/2014. Below is a copy of the offer’s small print:

An open and active consumer checking account is required to maintain a Relationship Money Market Special account. An active consumer checking account is defined as an account which has activity consisting of either a direct deposit of $250 or greater or five (5) debit card transactions within any 45 day period. If this requirement is not met, FBFC reserves the right to convert this account to an Elite Money Market account at any time after the first 45 days of account opening or conversion. Each Relationship Money Market account and consumer checking account can have not more than one (1) linked relationship. One Relationship Money Market account per household. Cannot be opened with money currently on deposit at First Bank Financial Centre (FBFC). This account has 6 balance tiers. At any time, interest rates and annual percentage yields (APYs) offered within two or more consecutive tiers may be the same. When this is the case, multiple tiers will be shown as a single tier. The following APYs are accurate as of 1/2/14; $.01-$14,999.99, APY is 0.10%; $15,000+ APY is 1.00%. Maximum deposit of $250,000. This is a variable-rate account and rates may change after 9/30/14. After this time, account may be converted to an Elite Money Market account. Requires a $15,000 minimum balance to open the account, and a minimum daily balance of $15,000 to avoid maintenance fees. Applicable to Wisconsin residents and personal accounts only. Fees could reduce earnings on the account. Offer expires 6/13/14.

Thanks to the DA reader who emailed me news of these offers.

Availability - Wisconsin Residents Only

The promotional page states that to open one these accounts you can visit one of the bank’s branches or call (888) 569-9909. The small print of both offers states that these are applicable to Wisconsin residents only.

First Bank Financial Centre branches are located in the northern and western suburbs of Milwaukee. The cities include Brookfield, Germantown, Grafton, Hartford, Hartland, Menomonee Falls, Mequon, Oconomowoc and West Bend.

Bank Overview

In 1998 the bank changed its name from First Bank of Oconomowoc to First Bank Financial Center, and in 2000, the "Center" was changed to "Centre". The bank has been growing fast in the last 10 years with several new branches.

The bank has an overall health score at of a B+ with a Texas ratio of 14.11% (above average) based on December 2013. Please refer to our financial overview of First Bank Financial Centre for more details. The bank has been a FDIC member since 1934 (FDIC Certificate # 12517).

Other Bank Promotions

You can view my latest bank bonus blog posts in this bank bonus page. I and readers often post on bonuses in the bank deals forum.


Special 9-Month CD and Other Top CD Rates at First Bank Financial Centre in WI - Local Only

First Bank Financial Centre is offering three competitive CD specials. The best one is the 9-month CD with a 1.60% APY. The other two are a 2.00% APY 24-month CD and a 3.00% APY 60-month CD. Minimum deposit is $2,500, and the CD specials are also available in an IRA. These rates are listed in the bank's rates page as of 7/21/2010.

It appears that a branch visit is required to open an account. Branches are located in several Wisconsin cities including West Bend, Germantown, Hartford, Hartland and Oconomowoc.

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