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Rates  
 

Effective Date: 06/06/2014

Certificates of Deposit

(We reserve the right to offer CD rates to Iowa residents only and limit CDs to amounts under $100,000 for individuals without a First Bank checkings or savings account. IRAs are not available for individuals without a First Bank checkings or savings account.)

Term

3-11
Month CD

12-23
Month CD
24-35 Month CD 36-60
Month CD
Minimum to open
$1000.00 $500.00 $500.00 $500.00
Interest rate/APY* minimum $9,999.99

.10/.10

.20/.20 .35/.35

.55/.55

Interest rate/APY* $10,000.00-$24,999.99 .10/.10 .20/.20 .35/.35 .55/.55
Interest rate/APY* $25,000.00- $99,999.99 .10/.10 .20/.20 .35/.35 .55/.55
Interest Payment Method for CD'S listed at right:
Simple Interest Credited Annually and/or at Maturity Unless Customer Requests Interest (ie. Monthly)
Additional Terms:        
 
Term

18 Mo CD Variable Rate
(IRAs only)

     
Minimum to open
$100.00      
Interest rate/APY* minimum- $9,999.99

.35/.35

     
Interest rate/APY* $10,000.00-$24,999.99 .35/.35      
Interest rate/APY* $25,000.00-$99,999.99 .35/.35      
Interest Payment Method for CD'S listed at right:
Compounds
Semi-Annually
     
Additional Terms:
Allow additions to principal
     

Savings/Checking Accounts

Account Type Money Market Savings and Business Money Market Savings FIRST PREFERENCE Money Market Savings
Minimum to open $1,000.00 $1,000.00
Interest rate/APY* $0.01 - $4,999.99 .05/.05 $0.01 - $9,999.99 .10/.10
Interest rate/APY* $5,000.00-$9,999.99 .08/.08 $10,000.00-$24,999.99

.15/.15

Interest rate/APY* $10,000.00-$24,999.99 .13/.13 $25,000.00-$49,999.99

.20/.20

Interest rate/APY* $25,000.00-$99,999.99 .15/.15 $50,000.00-$99,999.99 .25/.25
Interest rate/APY* $100,000.00+ .20/.20 $100,000.00

.30/.30

Interest Payment Method
Compounded Daily Credited Monthly

 

Additional Terms  

First Preference Checking

Account Required

 
Account Type Savings, 55+ Savings and Business Savings FIRST PREFERENCE Checking, Small Business Plus Checking, Non Profit Interest Checking
Minimum to open $100.00 $100.00
Interest rate/APY* $0.01 and Over .05/.05 $0.01 -
$2,499.99
.02/.02
Interest rate/APY*     $2,500-$9,999.99 .02/.02
Interest rate/APY*     $10,000.00-$24,999.99 .05/.05
Interest rate/APY*     $25,000.00-$99,999.99

.08/.08

Interest rate/APY*     $100,000.00+

.10/.10

Interest Payment Method
Compounded Daily Credited Quarterly
Compounded Daily Credited Monthly
     
Account Type HSA Checking  
Minimum to Open
$100.00  
Interest rate/APY* $0.01 and Over .08/.08  
Interest Payment Method
Compounded Daily Credited Monthly
 
Additional Terms    

Please note:

Interest Rates are subject to change without further notice. Fees could reduce the earnings on the account.
All deposits are insured to a maximum of $250,000 per depositor by the FDIC. For additional account disclosure information, please refer to your Deposit Account Terms and Conditions.
Interest begins to accrue on the day of deposit of noncash items (for example, checks).
If you are interested in a specific interest rate or term for your CD, please contact a Retail Banking Sales Consultant.
CD's listed above automatically renew with a 10-day grace period.

*Annual Percentage Yield -(APY) Interest Rates and Yields for Certificates are fixed for the term of the account. A penalty will be imposed for early withdrawal as follows:

  • 90 days simple interest for terms 12 months or less
  • 180 days simple interest for terms 13 months or more.

***Penalty for early withdrawl on the 3 month CD special is 90 days interest. This is a single maturity CD
Interest on tiered accounts is credited on the entire balance of your account at the interest rate shown above for the deposit tier which lists your balance.