Deposit Rates

Deposits in First Bank are FDIC insured. The Federal Deposit Insurance Corporation's Electronic Deposit Insurance Estimator allows a depositor to estimate insurance coverage for deposits.

APY is accurate as of March 31, 2014.

Checking Account Rates

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Account TypeBalanceInterest RateAPY*
Income Checking$0.00 - $24,999.990.05%0.05%
$25,000 - $49,999.990.05%0.05%
$50,000 - $99,999.990.10%0.10%
$100,000 and over0.15%0.15%
Small Business Interest Checking$0.00 - $14,999.990.05% 0.05%
$15,000 - $49,999.990.05% 0.05%
$50,000 - $99,999.99 0.10%0.10%
$100,000 - $499,999.990.15%0.15%
$500,000 and over 0.20% 0.20%
Business Interest Checking$0.00 - $14,999.99 0.05%0.05%
$15,000 - $49,999.99 0.05%0.05%
$50,000 - $99,999.99 0.10%0.10%
$100,000 - $499,999.99 0.15%0.15%
$500,000 and over 0.20% 0.20%

*The Annual Percentage Yield (APY) is based upon the assumption that interest earned remains in the account until maturity. Interest withdrawals and fees may reduce earnings. Minimum balance to open the account is $200. Rates subject to change.

Savings Account Rates

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Account TypeBalanceInterest RateAPY*
First Premium$0.00 - $24,999.990.10%0.10%
$25,000 - $49,999.990.15%0.15%
$50,000 - $99,999.990.20%0.20%
$100,000 and over0.25%0.25%
IRA First Premium$0.00 - $24,999.990.10%0.10%
$25,000 - $49,999.990.15%0.15%
$50,000 - $99,999.990.20%0.20%
$100,000 and over0.25%0.25%
Peak Savings$0.00 - $14,999.990.15%0.15%
$15,000 - $49,999.990.20%0.20%
$50,000 - $99,999.990.25%0.25%
$100,000 - $499,999.990.30%0.30%
$500,000 and over0.35%0.35%
Money Market$0.00 - $24,999.990.10%0.10%
$25,000 and over0.15%0.15%
Government Savings$0.00 - $14,999.990.06%0.06%
$15,000 - $49,999.990.06%0.06%
$50,000 - $99,999.990.06%0.06%
$100,000 - $499,999.9990.06%0.06%
$500,000.00 and over0.06% 0.06%

*The Annual Percentage Yield (APY) is based upon the assumption that interest earned remains in the account until maturity. Interest withdrawals and fees may reduce earnings.Interest rates may change after the account is opened. Minimum balance to open the accounts are as follows: First Premium ($100), First Premium for Minors ($50), IRA First Premium ($500), Peak Savings ($15,000), Money Market (2,500) , Government Savings ($500).


Fixed Rate Time Deposits Rates

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Account TypeBalanceInterest RateAPY*
TD 30 to 89 Days$0.00 - $24,999.990.10%0.10%
$25,000 - $99,999.990.15%0.15%
$100,000 and over0.20%0.20%
TD 90 to 179 Days$0.00 - $24,999.990.25%0.25%
$25,000 - $99,999.990.30%0.30%
$100,000 and over0.35%0.35%
TD 180 to 364 Days$0.00 - $24,999.990.30%0.30%
$25,000 - $99,999.990.35%0.35%
$100,000 and over0.40%0.40%
TD 12 to 23 Months**$0.00 - $24,999.990.55%0.55%
$25,000 - $99,999.990.65%0.65%
$100,000.00 and over0.65%0.65%
TD 24 to 35 Months$0.00 - $24,999.990.75%0.75%
$25,000 - $99,999.990.80%0.80%
$100,000 and over0.85%0.85%
TD 36 to 47 Months$0.00 - $24,999.990.95%0.95%
$25,000 - $99,999.991.00%1.00%
$100,000 and over1.05%1.05%
TD 48 to 59 Months$0.00 - $24,999.991.05%1.06%
$25,000 - $99,999.991.10%1.11%
$100,000 and over1.15%1.16%
TD 60 Months$0.00 - $24,999.991.10%1.11%
$25,000 - $99,999.991.15%1.16%
$100,000 and over1.20%1.21%

*The Annual Percentage Yield (APY) is based upon the assumption that interest earned remains in the account until maturity. Interest withdrawals and fees may reduce earnings. A withdrawal penalty may be imposed for early withdrawals. Minimum balance to open the account is $500.

Rate Exchange Time Deposit - At your discretion, you may change the interest rate on the account once during the term of the certificate. The rate will be changed to reflect current 24 or 36 Rate Exchange Time Deposit board rate.

Variable Rates Time Deposit Rates

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Account TypeBalanceInterest RateAPY*
Prime SaverAny Amount0.00%0.00%

*The Annual Percentage Yield (APY) is based upon the assumption that interest earned remains in the account until maturity. Interest withdrawals and fees may reduce earnings. A withdrawal penalty may be imposed for early withdrawal. Minimum balance to open the account is $5,000.

With Prime Saver Time Deposit, the rate is set at 3.25% below the Wall Street Journal Prime Rate which means that when the Prime Rate changes, your rate will change by the same amount.

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