CDs & IRAs

personal_cds_iras_img

First Bank also offers a wide range of CDs and IRAs to suit your investment needs. The various terms, minimum opening deposit and balance to obtain annual percentage yield, interest rate and annual percentage yield are listed below.

Certificates of Deposit

Term Minimum Opening Deposit & Balance to Obtain Annual Percentage Yield Interest Rate Annual Percentage Yield
1 month CD $500.00 .10 .09
3 month CD $500.00 .15 .15
6 month CD $500.00 .20 .20
9 month CD $500.00 .25 .25
12 month CD $500.00 .30 .30
18 month CD $500.00 .40 .40
24 month CD $500.00 .55 .55
24 month CD $500.00 .55 .55
36 month CD $500.00 .90 .90
48 month CD $500.00 1.10 1.10
60 month CD $500.00 1.30 1.31

These APY’s are accurate as of June 19, 2014
A penalty may be imposed for early withdrawal.
Daily Balance is the amount of the principal in the account each day.

Featured Products

Certificate of Deposit – Specials
14 Months Rate .55% / .55% A.P.Y. $2,500.00 Min.
25 Months Rate .85% / .85% A.P.Y. $2,500.00 Min.
36 Months Two Step – One Time Rate Change Option Rate .90%/.90% A.P.Y. $5,000.00 Min.

Rates are effective as of June 19, 2014. APY is annual percentage yield and is accurate as of June 19, 2014. Withdrawals are subject to early withdrawal penalties. The annual percentage yield assumes interest compounds quarterly and will remain on deposit until maturity. Your account will mature relative to the account that you open. Interest begins to accrue on the business day you deposit the non-cash items.

IRA’s

Term Minimum Opening Deposit & Balance to Obtain Annual Percentage Yield Interest Rate Annual Percentage Yield
12 month IRA $100.00 .30 .30
18 month IRA $100.00 .40 .40
24 month IRA $100.00 .55 .55
36 month IRA $100.00 .90 .90
48 month IRA $100.00 1.10 1.10
60 month IRA $100.00 1.30 1.31

These APY’s are accurate as of June 19, 2014
A penalty may be imposed for early withdrawal.
Daily Balance is the amount of the principal in the account each day.

For more information about our various CDs & IRAs, or if you would like additional information about any one of our products and/or services, please contact us today.

Quick Links

Advantages

  • 1 Community Roots
  • 2 Client Focused
  • 3State of the Art Technology

Online & Mobile Banking

Mobile App, Text banking, E-Statements, Alerts and Notifications, Mobile Deposits.

Personal Banking

From traditional checking and savings accounts to loans and CDs, First Bank is your community banking partner

Business Banking

We support our community and local business with a full suite of business banking and loan services.

The Educated Banker - Blog

View Older Post

Connect with Us

News You Can Use Direct to your Inbox