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 December 20, 2018

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 - $24,999.990.15%0.15%
$25,000 - $49,999.990.20%0.20%
$50,000 - $99,999.990.25%0.25%
$100,000 and over0.30%0.30%
IRA First Premium$0.00 - $24,999.990.15%0.15%
$25,000 - $49,999.990.20%0.20%
$50,000 - $99,999.990.25%0.25%
$100,000 and over0.30%0.30%
Peak Savings$0.00 - $14,999.990.25%0.25%
$15,000 - $49,999.990.30%0.30%
$50,000 - $99,999.990.35%0.35%
$100,000 - $499,999.990.40%0.40%
$500,000 and over0.45%0.45%
Money Market$0.00 - $24,999.990.20%0.20%
$25,000 and over0.25%0.25%
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 7 to 29 Days$0.00 - $24,999.990.05%0.05%
$25,000 - $99,999.990.10%0.10%
$100,000 and over0.15%0.15%
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 - $24,999.990.30%0.30%
$25,000 - $99,999.990.35%0.35%
$100,000 and over0.40%0.40%
TD 180 to 364 Days**$0.00 - $24,999.990.75%0.75%
$25,000 - $99,999.990.80%0.80%
$100,000 and over0.85%0.85%
TD 12 to 23 Months**$0.00 - $24,999.991.54%1.55%
$25,000 - $99,999.991.59%1.60%
$100,000.00 and over1.64%1.65%
TD 24 to 35 Months**$0.00 - $24,999.991.73%1.75%
$25,000 - $99,999.991.79%1.80%
$100,000 and over1.84%1.85%
TD 36 to 47 Months**$0.00 - $24,999.992.47%2.50%
$25,000 - $99,999.992.52%2.55%
$100,000 and over2.57%2.60%
TD 48 to 59 Months**$0.00 - $24,999.992.62%2.65%
$25,000 - $99,999.992.66%2.70%
$100,000 and over2.71%2.75%
TD 60 Months**$0.00 - $24,999.992.71%2.75%
$25,000 - $99,999.992.76%2.80%
$100,000 and over2.81%2.85%

*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.

**Time Deposits with terms 30 days and longer are available as an IRA Time Deposit.

Rate Exchange Time Deposits Rates

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

Account TypeBalanceInterest RateAPY*
24 Month Time Deposit$0.00 - $24,999.991.74%1.75%
$25,000 - $99,999.991.79%1.80%
$100,000 and over1.84%1.85%
36 Month Time Deposit$0.00 - $24,999.992.47%2.50%
$25,000 - $99,999.992.52%2.55%
$100,000 and over2.57%2.60%

*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.

Variable Rates Time Deposit Rates

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When the Prime Rate changes, your rate will change by the same amount.

Account TypeBalanceInterest RateAPY*
Prime Saver**Any Amount2.00%2.00%

*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 $20,000. The Prime Saver Time Deposit is a 90 day Time Deposit with the interest rate set at 3.50% below the Wall Street Journal Prime Rate.


**Prime Savers are also available as a Prime Saver IRA Variable Time Deposit.

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