Personal Products & Services

Mobile Banking

Mobile banking is now here! You can now bank from your handheld mobile device and download the app! Visit our mobile banking page to learn more and to download 1st Bank Yuma's mobile app.

Night Drop

1st Bank Yuma has a night-drop to provide 24 hour service to our customers at any of our 5 convenient branch locations.

 

Safe Deposit Boxes

Ensure the security of your valuable items by utilizing our safe deposit boxes at a reasonable annual price. Several box sizes are available.

 

E-Statements

Receive your statements electronically saving time and money.

Money Desktop

MoneyDesktop is a secure online Personal Financial Management tool (PFM), seemlessly integrated into 1st Bank Yuma's Online Banking with a "widget" like implementation and functionality which can help you take control of your finances and simplify your life. With account aggregation, bubble budgets, debt management, expense tracking and mobile access through MoneyMobile, these are just a few of the tolls to guide you along your way. Not only will you be able to see all your financial accounts, balances, and transactions in one place - you will be able to visualize and interact with that data in new and meaningful ways - all conveniently and securly within online banking. This product is free as long as you're a 1st Bank Yuma Online Banking customer.

Learn More

Retirement & Education Accounts

1st Bank Yuma offers a variety of retirement accounts to fit your needs. Whether you are an individual looking to save for your retirement, an employer wanting to set aside money in retirement accounts for you and your employees, or you are looking to save for a child or children educational expenses.

Summary

  • Competitive Rates
  • Flexible Terms
  • Expert Advise

Individual Retirement Accounts

An Individual Retirement Account (IRA) offers the combined benefits of tax savings and solid income for your retirement. Whether you choose a Traditional or Roth IRA, 1st Bank Yuma can help you choose the appropriate plan.

Traditional IRA

  • Defer taxes on earnings until they are withdrawn
  • Certain contributions are tax-deductible in the tax year for which they are made
  • Eligibility: you must be under 70 1/2 years of age for the entire tax year and you or your spouse must have earned income
  • See your tax or legal professional or visit the IRS website for more information

Roth IRA

  • A nondeductible retirement account featuring tax-free withdrawals, for you or your heirs, for certain distribution reasons after a five-year holding period
  • Beneficial if you expect to be in a higher tax bracket when you retire, as contributions are nondeductible
  • You or your spouse must have earned income, and modified adjusted gross income cannot exceed certain limits
  • See your tax or legal professional or visit the IRS website for more information

Simplified Employee Pension (SEP)

Simplified Employee Pension (SEP) plans can provide a significant source of income at retirement by allowing employers to set aside money in retirement accounts for themselves and their employees.

  • Available for any business size, whether you're a business owner or self-employed
  • Eligibility: anyone whose employer invites them to participate in a SEP (please note that employees cannot make personal contributions to a SEP IRA)
  • Contributions on behalf of yourself and your employees are tax deductible
  • Easy to set up and operate with low administrative costs
  • Flexible annual contributions - good plan if cash flow is an issue
  • See your tax or legal professional or visit the IRS website for more information

Coverdell Education Savings Account (CESA)

A Coverdell Education Savings Account (CESA) is an account created as an incentive to help parents and students save for education expenses. Whether you're saving for your child's, grandchildren or other eligible young person's education, a CESA is an investment in future generations.

  • A nondeductible account featuring tax free distributions with qualified education expenses
  • Deposited amounts grow tax free and tax is deferred on earnings
  • Eligibility: child must be 18 years or younger
  • See your tax or legal professional or visit the IRS website for more information

Types of Accounts Offered for these Products

Savings Plan

  • • Open account with minimum deposit of $100
  • • Add to your account weekly, monthly or anytime you choose
  • • Choose any amount allowable by law to invest during the year
  • • Accumulate $1,000 to qualify for the Certificate of Deposit

Certificate of Deposit Plan

  • Open account with minimum deposit of $1,000
  • Interest rates vary depending upon the term

Certificates of Deposit

Choose a term, lock in a rate and watch your money grow. Our CDs offers the maximum FDIC coverage with competitive interest rates and no fees. Earning interest has never been so easy and secure.

  • Minimum amount to open the account - $1,000.00 Minimum Opening Deposit
  • Rate Information - The interest rate on your account is a set rate with an annual percentage yield, set at the time of opening. You will be paid this rate until first maturity.
  • Interest Payment Methods - Interest can be paid by compounding, crediting your 1st Bank Yuma account, or by check mailed to you.
  • Compounding frequency - Interest will be compounded monthly, quarterly, semi- annually or annually, based upon your choice.
  • Crediting frequency - Interest will be credited to your 1st Bank Yuma account monthly, quarterly, semi- annually, or annually, based upon your choice.
  • Check Frequency - Interest will be mailed by check monthly, quarterly, semi-annually, or annually, based upon your choice.
  • Effect of closing an account - If you close your account before interest is credited, you will not receive the accrued interest.
  • Minimum balance to obtain the annual percentage yield disclosed - You must maintain a minimum balance of $1,000.00 in the account each day to obtain the disclosed annual percentage yield.
  • Daily balance computation method - We use the daily balance method to calculate the interest on your account. This method applies a daily periodic rate to the principal in the account each day.
  • Accrual of interest on non-cash deposits - Interest begins to accrue on the business day you deposit non-cash items (for example, checks).
  • Transaction limitations - You may not make any deposits into your account before maturity. You may make withdrawals of principal from your account before maturity. Principal withdrawn before maturity is included in the amount subject to early withdrawal penalty. You can withdraw interest accrued in the term before maturity of that term without penalty. You can withdraw interest at any time.
  • Early withdrawal penalties -  If we consent to a request for a withdrawal that is otherwise not permitted because it is before the maturity date, you may have to pay a penalty.  Under certain circumstances, the penalty may invade the principal balance.  The penalty will be an amount equal to:

Term

Early Withdrawal Penalty

Less than 1 Year

30 days interest

1 - year CD

90 days interest

18 month CD

6 months interest

2 and 3 - year CD

12 months interest

4 and 5 - year CD

24 months interest

  • In certain circumstances such as the death or incompetence of an owner of this account, the law permits, or in some cases requires, waivers of the early withdrawal penalty. See your plan disclosure if the account is part of an IRA or other tax qualified plan.
  • Withdrawal of interest prior to maturity - the annual percentage yield assumes interest will remain on deposit until maturity. A withdrawal will reduce earnings.
  • Automatically renewable time account - this account will automatically renew at maturity. You may prevent renewal if you withdraw the funds in the account at maturity (or within the grace period mentioned below, if any) or we receive written notice from you within the grace period mentioned below, if any. We can prevent renewal if we mail notice to you at least 30 calendar days before maturity. Each renewal term will be the same as the original term, beginning on the maturity date. The interest rate will be the same we offer on new time deposits on the maturity date which have the same term, minimum balance (if any) and other features as the original time deposit.

You will have ten calendar days (for terms greater than 31 days) and one calendar day (for terms of 7 - 31 days) after maturity to withdraw the funds without a penalty.

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