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Toddler in Yellow Rain Coat
Toddler in Yellow Rain Coat

Saving for the Rainy Days

Tuck away your money now so you can always count on your rainy day funds.

Personal Savings and Money Market Accounts

Money Market Special: Our Relationship Money Market special is available now through December 16. Enjoy 1.85% APY for six months on balances under $150k1, plus the perks of our Hometown Checking. Learn more.

Your savings goals are unique, which is why at First Commonwealth Bank we offer money market accounts, savings accounts and other tools to help you save. Our savings and money market accounts help put the money you work for, to work for you. They’re a great way to save for someday without missing out on access to your cash today.2 Whether you’re setting aside money for a rainy day, an emergency fund, a big purchase like a home or degree, or “just because,” we’re here to help.

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Our Accounts Feature:

We believe you should have access to your money when you need it. After all, that’s why you’re saving it. Our convenient and powerful features put you in the driver’s seat of your savings:

  • Access your bank accounts anytime, anywhere with our total access digital banking, available on your laptop, or on your tablet and smartphone with our mobile banking app.3
  • Deposit checks without a trip to the bank with Mobile Deposit. Just snap a picture with your phone, send it and you’re done.3
  • Access your money at 55,000 surcharge-free ATMs through Allpoint™ and Freedom Alliance™. So you’re never far from your bank, no matter how far you are from home.
  • Transfer money between your accounts automatically so your savings can build without giving it a second thought.
  • Stay up to date and watch your savings grow month by month with paper or eStatements.





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American Dream Savings

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Money Market

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Money Market

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Account Overview Provides free overdraft protection on any linked Hometown Checking account2,4 Get rewarded with higher interest rates based on your banking relationship Earn higher interest for higher balances with easy access to your money including checks2 Qualify for higher Relationship rates7 and keep the benefit of easy access to your money2  
Minimum Deposit to Open  $0 $25 $1,000  $1,000
Monthly Service Charge $0 $2  $3  $3
Minimum Daily Balance to Avoid Service Charge n/a $100 $1,000  $1,000
Earns Interest on All Balances4   


Account is eligible for a reward interest rate based on the number of eligible bank products you have with us.6





Account will earn relationship interest rates when you also have a Hometown Checking + Interest + Solutions account.7

Check Writing Capabilities





Find The Right Account For You

Our savings accounts are a great way to set aside money. Whether you’re looking to maximize your interest or want a free overdraft protection source for your checking account4, we have savings solutions to fit your financial needs.

You may decide to open a savings or a money market account based on your financial goals. A savings account is helpful if you want to save money while earning interest. Money market accounts are great for earning higher interest for higher balances with the added benefit of being able to write checks2 directly from your money market account.

More Great Options for Saving with a Purpose

Tower Savers
Start saving for your child’s future with a children's savings account. You can open a Tower Savers child savings account with no minimum deposit and enjoy no monthly service charges until age 21.8 Free monthly statements are an added benefit.

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Vacation & Holiday Clubs

Set aside money for a vacation or holiday shopping. Open a club account for as little as $5 and save throughout the year without the temptation to remove money, as you can only access it on your annual disbursement date.9 Reach your financial goals more easily and treat yourself to a vacation or holiday that you'll always remember.

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Certificates of Deposit

Lock in your competitive rate for a term anywhere between 90 days to 60 months. Our Certificates of Deposit (CDs) are a steady method of investing and watching your money grow. We'll protect your money up to the maximum limits of FDIC insurance.

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Individual Retirement Accounts (IRAs)

We make it easy to save for your golden years with a range of IRAs. You can start with as little as $25 with an IRA Savings or $500 for an IRA CD. Many of our IRAs offer tax benefits and help you live your retirement years in greater comfort.10 We can even set up automatic contributions to your retirement account so you can focus on now while you save for tomorrow.

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Education Savings Accounts

An education savings account with us helps you manage the costs of a college degree or private school. Our Coverdell Education Savings Account (CESA) lets you contribute up to $2,000 each year for yourself, your child, your grandchild, niece, nephew or another future student. Give the gift of a brighter future with this savings account.

Learn more

Contact Us at First Commonwealth Bank Today

Start putting aside money and making it work for you by opening a savings account. Need more help? No problem. At First Commonwealth Bank, we can assist you with friendly, honest and clear information. Just schedule an appointment to speak with a member of our team. We’d be happy to help.

1 To be eligible for the promotional Annual Percentage Yield (APY) of 1.85% you must open a new Relationship Money Market Account between 11/03/2022 and 12/16/2022. You must also either currently have or open a new personal checking account (excludes Health Savings Accounts) to be eligible for the promotional interest rate. The promotional interest rate is not available for businesses, institutions or public funds. APY of 1.85% and interest rate of 1.83% is accurate as of November 3, 2022. 

A minimum opening deposit of $10,000 in new money must be deposited in the Relationship Money Market account to receive the promotional interest rate. New Money is defined as money that has not been on deposit in any First Commonwealth Bank account within the last 30 days. The Relationship Money Market account will earn the promotional interest rate on balances under $150K for six months from the account opening date. The tiered interest rate and annual percentage yield (APY) is based upon the daily balance in the account: If your daily balance is between $0.01 and $149,999.99, you will receive the promotional interest rate of 1.83% on the entire balance, with a 1.85% APY. The interest rate for any portion of the daily balance exceeding $149,999.99 will earn 0.50%. The APY will range from 1.51% to 1.85%, depending on the balance in the account. After the promotional period has ended, the account will earn Relationship Rates when the primary or joint owner on the Relationship Money Market is also a primary or joint owner on a Hometown Checking + Interest + Solutions account. Please refer to the Rates section on for the current interest rate information.   

The promotional interest rate is limited to one account per household and will be effective for 6 months from the account open date; after the 6 month promotional period the interest rate and APY for this product may change at the Bank's discretion. Refer to the Relationship Money Market account terms, visit or call us at 800.711.BANK (2265) for non-promotional balance tiers, current rates and qualification requirement to earn Relationship Rates after the promotional period. Fees could reduce earnings on the account.

If you qualify for the promotional rate, First Commonwealth Bank will deposit the interest into your account at the end of each statement cycle and, once it’s deposited, the funds will be available immediately. Account must be active at the end of each statement cycle during the 6 month promotional period to receive the promotional interest. New account opening promotional offer is subject to change or withdrawal at any time.

2 The number of free withdrawals or transfers from a savings or money market account to another bank account of yours or to a third party by means of a preauthorized agreement, by telephone, online banking or initiated by check, draft, debit card, or similar order to a third party are limited to six (6) per statement cycle. This includes online bill payments and overdraft transfers. An Excessive Transaction Fee of $6.00 may be charged for each debit paid in excess of six (6) during a statement cycle.

3 We don’t charge for these services but standard message, data, and internet service provider rates may apply so check with your carriers.

4 Overdraft transfer services are limited to the available balance in the linked account. If the funds are not available in the linked account, the $35.00 fee for Non-Sufficient Funds or Overdraft may be assessed per item, up to 4 per day. Add Overdraft Protection by calling 800-711-BANK (2265) or visiting a community office near you.

5 Interest is earned on the daily collected balance, and is compounded and credited monthly to the account.

6 American Dream Reward Interest will be increased by .04%, up to a maximum rate increase of .12% added to the base rate, when additional accounts within the following product groupings are included in the Relationship:

  • Checking Account or Money Market Account
  • Certificate of Deposit or Individual Retirement Account
  • Consumer Loan (Installment, Home Equity, Personal Line of Credit, Mortgage or Time and Demand)

Multiple accounts within the same product grouping will count as only one.

7 In order to qualify for the Relationship Rates, the primary or joint owner on the Relationship Money Market must also be a primary or joint owner on a Hometown Checking + Interest + Solutions account. If you do not have a qualifying checking account or there are changes to your checking account (it is closed, changed to a new account type or no longer shares an owner with the Relationship Money Market), the rates may change to the non-relationship rates in effect at the time of the change.

8 There is a monthly service charge of $3 once the child reaches age 22, which can be waived by maintaining a minimum daily balance of $200. 

9 There is an early closing fee of $5.00 if the account is closed prior to the disbursement date. Partial withdrawals are not permitted.

10 Intended for informational purposes only. See IRS Publication 590 for further details or consult your tax advisor. First Commonwealth does not offer tax or legal advice.