APY = Annual Percentage Yield. Rates and APYs accurate as of October 1, 2021.
Rates and rewards are variable and may change after account is opened.
Fees may reduce earnings.

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.

Income Checking Learn More

Balance Interest Rate APY*
$0 - $24,999.99 0.02% 0.02%
$25,000 - $49,999.99 0.03% 0.03%
$50,000 - $99,999.99 0.03% 0.03%
$100,000 and over 0.04% 0.04%

*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.

Small Business Interest Checking Learn More

Balance Interest Rate APY*
$0 - $14,999.99 0.03% 0.03%
$15,000 - $49,999.99 0.03% 0.03%
$50,000 - $99,999.99 0.04% 0.04%
$100,000 - $499,999.99 0.04% 0.04%
$500,000 and over 0.06% 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. Minimum balance to open the account is $200. Rates subject to change.

Business Interest Checking Learn More

Balance Interest Rate APY*
$0 - $14,999.99 0.03% 0.03%
$15,000 - $49,999.99 0.03% 0.03%
$50,000 - $99,999.99 0.04% 0.04%
$100,000 - $499,999.99 0.04% 0.04%
$500,000 and over 0.06% 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. Minimum balance to open the account is $200. Rates subject to change.

First Premium Savings Learn More

Balance Interest Rate APY*
$0 - $24,999.99 0.05% 0.05%
$25,000 - $49,999.99 0.05% 0.05%
$50,000 - $99,999.99 0.07% 0.07%
$100,000 and over 0.07% 0.07%

*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 Learn More

Balance Interest Rate APY*
$0 - $24,999.99 0.05% 0.05%
$25,000 - $49,999.99 0.05% 0.05%
$50,000 - $99,999.99 0.07% 0.07%
$100,000 and over 0.07% 0.07%

*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: IRA First Premium ($500).

Peak Savings Learn More

Balance Interest Rate APY*
$0 - $14,999.99 0.07% 0.07%
$15,000 - $49,999.99 0.10% 0.10%
$50,000 - $99,999.99 0.15% 0.15%
$100,000 - $499,999.99 0.18% 0.18%
$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.Interest rates may change after the account is opened. Minimum balance to open the accounts are as follows: Peak Savings ($15,000).

Money Market Learn More

Balance Interest Rate APY*
$0 - $24,999.99 0.07% 0.07%
$25,000 and over 0.10% 0.10%

*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: Money Market (2,500).

Government Savings Learn More

Balance Interest Rate APY*
$0 - $14,999.99 0.04% 0.04%
$15,000 - $49,999.99 0.04% 0.04%
$50,000 - $99,999.99 0.04% 0.04%
$100,000 - $499,999.99 0.04% 0.04%
$500,000 and over 0.04 0.04%

*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: Government Savings ($500).

Fixed Rate Time Deposits Learn More

Term Balance Interest Rate APY*
7 - 29 Days $0.00 - $24,999.99 0.05% 0.05%
7 - 29 Days $25,000 - $99,999.99 0.10% 0.10%
7 - 29 Days $100,000 and over 0.15% 0.15%
30 - 89 Days** $0.00 - $24,999.99 0.10% 0.10%
30 - 89 Days** $25,000 - $99,999.99 0.15% 0.15%
30 - 89 Days** $100,000 and over 0.20% 0.20%
90 - 179 Days** $0.00 - $24,999.99 0.15% 0.15%
90 - 179 Days** $25,000 - $99,999.99 0.20% 0.20%
90 - 179 Days** $100,000 and over 0.25% 0.25%
180 - 364 Days** $0.00 - $24,999.99 0.30% 0.30%
180 - 364 Days** $25,000 - $99,999.99 0.35% 0.35%
180 - 364 Days** $100,000 and over 0.40% 0.40%
12 - 23 Months** $0.00 - $24,999.99 0.45% 0.45%
12 - 23 Months** $25,000 - $99,999.99 0.50% 0.50%
12 - 23 Months** $100,000 and over 0.55% 0.55%
24 - 35 Months** $0.00 - $24,999.99 0.50% 0.50%
24 - 35 Months** $25,000 - $99,999.99 0.55% 0.55%
24 - 35 Months** $100,000 and over 0.60% 0.60%
36 - 47 Months** $0.00 - $24,999.99 0.55% 0.55%
36 - 47 Months** $25,000 - $99,999.99 0.60% 0.60%
36 - 47 Months** $100,000 and over 0.65% 0.65%
48 - 59 Months** $0.00 - $24,999.99 0.60% 0.60%
48 - 59 Months** $25,000 - $99,999.99 0.65% 0.65%
48 - 59 Months** $100,000 and over 0.70% 0.70%
60 Months** $0.00 - $24,999.99 0.65% 0.65%
60 Months** $25,000 - $99,999.99 0.70% 0.70%
60 Months** $100,000 and over 0.75% 0.75%

*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 Learn More

Term Balance Interest Rate APY*
24 Month $0.00 - $24,999.99 0.50% 0.50%
24 Month $25,000 - $99,999.99 0.55% 0.55%
24 Month $100,000 and over 0.60% 0.60%
36 Month $0.00 - $24,999.99 0.55% 0.55%
36 Month $25,000 - $99,999.99 0.60% 0.60%
36 Month $100,000 and over 0.65% 0.65%

*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 Rate Time Deposits Learn More

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

Account Type Balance Interest Rate APY*
Prime Saver** Any Amount 0.00% 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 $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.

Consumer Loan Rates

APR is accurate as of October 18, 2021

Personal Loans Learn More

Type APR
New Auto As low as 3.09%
Used Auto As low as 4.70%
New Boats As low as 4.68%
Used Boats As low as 5.98%
All Other Collateral Secured As low as 5.93%
Unsecured Loan As low as 11.43%
Unsecured Line of Credit As low as 9.25%

Personal Real Estate Loan Learn More

Type APR
Equity Plus Loan As low as 6.02%
Equity Plus Lot Loan As low as 6.38%
Land Loan As low as 7.18%
Improved Real Estate Loan As low as 5.10%
Construction Loan up to 12 months As low as 8.41%


*Loan rates and terms are dependent on credit qualifications, terms, amount, and payment method

Personal Home Equity Line of Credit Learn More

Type APR
First Advantage Line of Credit** As low as 4.80%
First Equity Line of Credit*** As low as 4.00%

*All home equity lines of credit are subject to credit approval. You may have to pay loan fees and third party closing costs which range between $17 - $1,000. Evidence of adequate property insurance is required. Loan rates and terms are dependent on credit qualifications, terms, amount and payment method. Additional fees, conditions and restrictions may apply. Contact your local FB branch or call (907) 228-4430 for current rates or questions. Home equity loans may qualify for tax deductible interest. Consult your tax advisor for details.

**The First Advantage Home Equity Line of Credit Annual Percentage Rate (APR) is variable and determined by adding a margin (base margin 3.5%) to the index which is based on the Federal Home Loan Bank of Des Moines 5 Year Advance Rate as published at www.fhlbdm.com and is subject to change. The index is 1.30% as of October 1, 2021. APR is based on a consumer purpose transaction and properties with a maximum Loan to Value (LTV) of 80%. The First Advantage Home Equity Line of Credit features a 5 year draw period followed by a 15 year repayment period. APR does not include cost other than interest. The minimum APR is 4.00% and a maximum APR of 17.00% or the maximum allowed by state law. An annual fee of $75 applies and is charged on your anniversary date each year. The First Advantage Line of credit requires a minimum line amount of $5,000 and a maximum line limit of $100,000. A 1.00% discount to the APR is given if the customer signs up for automatic payments from a First Bank deposit account at the time of loan origination. Early cancellation of automatic debit will result in an increase of the APR by 1.00%.

***The First Equity Home Equity Line of Credit Annual Percentage Rate (APR) is variable and determined by adding a margin (base margin 0.0%) to the index which is based on the Prime Rate as published in the Wall Street Journal Money Rates Table and subject to change. The index is 3.25% as of March 17, 2020. APR is based on a consumer purpose transactions and properties with a maximum Loan to Value (LTV) of 80%. The First Equity Home Equity Line of Credit features a 7 year draw period with regular minimum payments of 2% of the outstanding balance. A balloon payment in the amount of the outstanding balance of the line of credit may result at the end of the draw period if only minimum payments are made during the draw period. APR does not include cost other than interest. The minimum APR is 4.00% and a maximum APR of 17.00% or the maximum allowed by state law. An annual fee of $75 applies and is charged on your anniversary date each year. The First Equity Line of credit requires a minimum line amount of $5,000 and a maximum line limit of $250,000. A 1.00% discount to the APR is given if the customer signs up for automatic payments from a First Bank deposit account at the time of loan origination. Early cancellation of automatic debit will result in an increase of the APR by 1.00%.

Home Loan Rates

APR is accurate as of October 25, 2021

Mortgage loan rates are at historically low levels.  There are many factors that go into setting these rates, including demand. Due to recent actions in the mortgage markets, refinance rates may be higher than posted rates and purchase money loans may be lower.  To assist you in obtaining a low interest rate, whether buying or refinancing, please consider visiting our Mortgage Center at https://firstbankak.mymortgage-online.com/ so we can get things rolling for you.

Conventional Rates

Type Rate APR * Monthly P&I **
30 year fixed 3.375% 3.455% $795.77
20 year fixed 3.125% 3.237% $1009.58
15 year fixed 2.625% 2.720% $1210.84

Alaska Housing 15 Year Fixed Rate

Type Rate APR * Monthly P&I **
1st Time Homebuyer Tax Exempt 2.250% 2.392% $1179.15
Rural Property 2.375% 2.517% $1189.66
Taxable 2.500% 2.643% $1200.22
Taxable First - Time Homebuyer 2.375% 2.517% $1189.66
Nonconforming 1 2.750% 2.894% $1221.52
Veterans Mortgage Program 2.250% 2.392% $1179.15

Alaska Housing 30 Year Fixed Rate

Type Rate APR * Monthly P&I **
1st Time Homebuyer Tax Exempt 2.750% 2.828% $734.83
Rural Property 3.000% 3.079% $758.89
Taxable 3.125% 3.204% $771.08
Taxable First - Time Homebuyer 3.000% 3.079% $758.89
Nonconforming 1 3.250% 3.330% $783.37
Veterans Mortgage Program 2.750% 2.828% $734.83