Public Fund Time Deposits
Government institutions work with the people's money, so you can't afford to risk losing it. We created this fully collateralized time deposit account so you can be sure every dollar is safe.
With this fixed rate time deposit account, First Bank pledges securities as collateral for the full amount above the FDIC $250,000 limit for all accounts held by the entity. That way, you can put your money to work without having to every worry.
- Fixed rates for guaranteed returns
- Entire balance guaranteed, even above FDIC limits
- Available to federal and municipal entities and qualified tribal organizations
- No sign up fee or monthly service charge
- Terms from 7 days to 5 years
- $500 deposit to open account
- Convenient automatic renewal
- Free Online Banking access
- Penalty for early withdrawal
Take a look at our current rates.