Welcome to preferred banking
You’re looking for more.
You’re busy: building a business, pursuing a career, raising a family, planning for retirement, enjoying your success. You need financial products and services that make life a little simpler and a little more convenient. You want to be recognized and rewarded for the full value of your banking relationship. Welcome to Preferred Banking.
More than a checking account.
Preferred Banking is more than a checking account; it’s a banking tool with special features available only to you, a valued Financial Guidance Group customer. Preferred Banking combines a premium interest rate that is comparable to many short term CDs with unlimited check writing, exceptional benefits and unique rewards.
A comprehensive approach.
The Financial Guidance Group at First Market Bank combines private banking, brokerage, trust, estate planning and asset management services to provide you with a cohesive team approach to managing your complex financial needs. We’re invested in serving you.
Call 1-804-327-5749, and let us help you to achieve your financial goals.
Preferred Banking Benefits(1)
Preferred Banking customers enjoy the benefits of a checking account that earns a premium interest rate, along with these additional features, services and benefits at no charge:
- Financial Guidance Group Preferred Banking Checks Checkbook Cover
- Preferred Banking Visa Check Card and Visa Signature Credit Card
- Unlimited ATM withdrawals with no foreign ATM or surcharge fees
- 24 hour Internet Banking with Bill Pay
- Identity Theft service including credit monitoring and restoration
- No Closing Costs on Home Equity Loans and Lines up to $400,000(2)
- Estate and Financial Planning Services
- Standard Size Safe Deposit Box
- Traveler’s Checks, Teller’s Checks and Cashier’s Checks
- Unique Rewards
(1) Requires $300,000 in combined FGG relationship qualifying loan, deposit, trust or investment balances.
(2) The Annual Percentage Rate (APR) on your loan or line of credit will vary depending on the loan amount you qualify for, the combined loan-to-value ratio (LTV) and the term selected. Variable rate lines are based upon the Prime Rate as stated in the Wall Street Journal as of the last business day of the month plus a margin amount, with a minimum APR of 5.00%. For example; as of June 16, 2009, a $10,000 home equity loan with an APR of 8.99% with an 80% LTV for 36 months would result in a monthly payment of $317.95; and a home equity line of $50,000 at an interest rate of 5.25% APR (Prime Rate plus 2.00% subject to minimum rate of 5.00%) was available for well qualified borrowers with an 80% LTV. The variable rate of an equity line is subject to change but will never increase to more than 18%. No closing cost option for loans of $400,000 or less, or customer may choose to pay closing costs and receive a 0.25% discount on the applicable interest rate. Closing costs will apply for loans or lines above $400,000. Typical closing costs range between $0 - $600. Customer will be responsible for the cost of an appraisal for loan amounts of $100,000 or less when the automated valuation method (AVM) does not provide sufficient value or for other qualifying terms requested. If a subsequent appraisal is ordered for the customer for any reason, the cost of the appraisal is approximately $350. A $350 Early Termination fee will be assessed if you close your equity line within the first three years. Property insurance required. Flood insurance will be required if the property is located in a flood hazard zone. Limited time offer. No closing cost program valid for primary and secondary residences only. See your banker for details on the home equity product that is right for you.