 |
Consumer
Accounts
Effective Date 07/01/2008
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. Monthly interest checks
wil not be mailed to individuals without an established First Bank
checking 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 |
2.85/2.88 |
2.85/2.85 |
3.10/3.10 |
3.50/3.50 |
| Interest rate/APY*
$10,000.00-$24,999.99 |
3.00/3.03 |
3.00/3.00 |
3.25/3.25 |
3.65/3.65 |
| Interest rate/APY*
$25,000.00- $99,999.99 |
3.00/3.03 |
3.00/3.00 |
3.40/3.40 |
3.80/3.80 |
| 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 |
2.42/2.43 |
|
|
|
| Interest rate/APY*
$10,000.00-$24,999.99 |
2.42/2.43 |
|
|
|
| Interest rate/APY*
$25,000.00-$99,999.99 |
2.42/2.43 |
|
|
|
| Interest Payment Method
for CD'S listed at right: |
Compounds Semi-Annually |
|
|
| Additional Terms: |
Allow additions to principal |
|
|
|
Savings/Checking Accounts
| Account Type |
FIRST BANK Money Market Savings
|
FIRST PREFERENCE Money Market
Savings |
| Minimum to open |
$1,000.00 |
$1,000.00 |
| Interest rate/APY*
|
$1.00- $4,999.99 |
.50/.50 |
$1.00- $9,999.99 |
.75/.75 |
| Interest rate/APY*
|
$5,000.00-$9,999.99 |
.75/.75 |
$10,000.00-$24,999.99 |
.94/.94 |
| Interest rate/APY*
|
$10,000.00-$24,999.99 |
.85/.85 |
$25,000.00-$49,999.99 |
1.24/1.25 |
| Interest
rate/APY* |
$25,000.00-$99,999.99 |
.95/.96 |
$50,000.00-$99,999.99 |
1.59/1.60 |
| Interest rate/APY*
|
$100,000.00+ |
1.20/1.21 |
$100,000.00 |
2.33/2.36 |
| Interest Payment Method |
Compounded Daily Paid Monthly
|
| Additional Terms |
|
First
Preference Checking
Account Required |
| |
| Account Type |
FIRST BANK Savings |
FIRST BANK Interest Checking |
| Minimum to open |
$100.00 |
$100.00 |
| Interest rate/APY*
|
$1.00 and Over |
.40/.40 |
$1.00-
$2,499.99 |
.25/.25 |
| Interest rate/APY*
|
|
|
$2,500-$9,999.99 |
.50/.50 |
| Interest rate/APY*
|
|
|
$10,000.00-$24,999.99 |
1.00/1.00 |
| Interest rate/APY*
|
|
|
$25,000.00-$99,999.99 |
1.10/1.10 |
| Interest rate/APY*
|
|
|
$100,000.00+ |
1.45/1.46 |
| Interest Payment Method |
Compounded Daily Paid Quarterly |
Compounded Daily Paid Monthly |
| |
|
|
| Account Type |
Health
Savings Account |
|
| Minimum to Open |
$100.00 |
|
| Interest rate/APY* |
$1.00 and Over |
2.42/2.43 |
|
| Interest Payment Method |
Compounded
Daily Paid Semi-Annually |
|
| 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 $100,000 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 first business day after the banking
day you deposit 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.
**Interest
Rates and APY Yields for 18 month variable IRA are tied to
the last Treasury Bill auction of every month.
***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 paid on the entire balance
of your account at the interest rate shown above for the deposit
tier which lists your balance.
|
Business
Account
Effective Date 07/01/2008
Certificates
of Deposit
| 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 |
2.85/2.88 |
2.85/2.85 |
3.10/3.10 |
3.50/3.50 |
| Interest rate/APY*
$10,000.00-$24,999.99 |
3.00/3.03 |
3.00/3.00 |
3.25/3.25 |
3.65/3.65 |
| Interest rate/APY*
$25,000.00-$99,999.99 |
3.00/3.03 |
3.00/3.00 |
3.40/3.40 |
3.80/3.80 |
| Interest Payment Method
for CD'S listed at right: |
Simple Interest Credited Annually
and/or at Maturity Unless Customer Requests Interest ie. Monthly
|
Business Savings/Checking Accounts
| Account
Type |
FIRST
BANK Business Money Market Savings |
Premium/AdvantageBusiness
Money Market Savings |
| Minimum to open |
$1,000.00 |
$2,500.00 |
| Interest rate/APY*
|
$1.00- $4,999.99 |
.50/.50 |
$1.00- $9,999.99 |
.35/.35 |
| Interest rate/APY*
|
$5,000.00-$9,999.99 |
.75/.75 |
$10,000.00-$24,999.99 |
.44/.44 |
| Interest rate/APY*
|
$10,000.00-$24,999.99 |
.85/.85 |
$25,000.00-$49,999.99 |
.79/.79 |
| Interest rate/APY*
|
$25,000.00-$99,999.99 |
.95/.96 |
$50,000.00-$99,999.99 |
1.14/1.15 |
| Interest rate/APY*
|
$100,000.00+ |
1.20/1.21 |
$100,000.00 |
2.14/2.16 |
| Interest
Payment Method |
Compounded Daily Paid Monthly |
Compounded Daily Paid Monthly |
| Additional terms |
|
Business Checking account required |
| |
| Account Type |
FIRST
BANK Business Savings |
FIRST
BANK Non-Profit Interest Checking |
| Minimum to open |
$100.00 |
$100.00 |
| Interest rate/APY*
|
$1.00 and Over |
.40/.40 |
$1.00-
$2,499.99 |
.25/.25 |
| Interest rate/APY*
|
|
|
$2,500-$9,999.99 |
.50/.50 |
| Interest rate/APY*
|
|
|
$10,000.00-$24,999.99 |
1.00/1.00 |
| Interest rate/APY*
|
|
|
$25,000.00-$99,999.99 |
1.10/1.10 |
| Interest rate/APY
* |
|
|
$100,000.00+ |
1.45/1.46 |
| Interest Payment Method |
Compounded
Daily Paid Quarterly |
Compounded Daily Paid Monthly |
| |
| Account Type |
FIRST
BANK Small Business Plus Checking |
|
| Minimum to open |
$100.00 |
|
| Interest rate/APY*
|
$1.00-
$2,499.99 |
.25/.25 |
|
|
| Interest rate/APY*
|
$2,500-$9,999.99 |
.50/.50 |
|
|
| Interest rate/APY* |
$10,000.00-$24,999.99 |
1.00/1.00 |
|
|
| Interest rate/APY*
|
$25,000.00-$99,999.99 |
1.10/1.10 |
|
|
| Interest rate/APY*
|
$100,000.00+ |
1.45/1.46 |
|
|
| Interest Payment Method |
Compounded Daily Paid Monthly |
|
|
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 $100,000 per depositor by the
FDIC. Interest begins to accrue on the first business day after the banking
day you deposit 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.
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