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Certificate of Deposits

If you don't need immediate access to your funds, a Certificate of Deposit (CD) can provide a higher rate of return than a savings account. CDs are the cornerstone of many solid savings plans. First State Bank CDs, with competitive rates and terms that range from 3 months to 5 years, help many savers meet long and intermediate financial goals. These are time deposits that guarantee a certain rate for a certain length of time. As a result, there may be a penalty for early withdrawal.

Ready for Retirement ?

Whether you're just starting to work or are close to retirement, it's always smart to put money away for your future. First State Bank offers a variety of Individual Retirement Accounts (IRAs) to help you save for a secure, comfortable retirement. Since your earnings are tax-deferred until you make retirement withdrawals, you'll be able to keep all your money working for you year after year. You may even qualify to reduce your current taxable income by deducting your contributions. Your deposits are invested in FDIC insured First State Bank Certificates of Deposit, where they'll earn competitive rates. IRA's are available in terms ranging from 6 months to 4 years and require a $1,000 minimum opening deposit. Contact a First State Bank Representative today to start saving.

Calculate your retirement savings and more!

Current Rates

rates-certificates table
Certificate of Deposit Rates
Account Product NameMinimum Opening BalanceMinimum Balance to Obtain Annual Percentage YieldInterest RateAnnual Percentage Yield
3 Month CD$1,000.00$1,000.000.30%0.30%
6 Month CD$1,000.00$1,000.000.60%0.60%
9 Month CD$1,000.00$1,000.001.50%1.50%
12 Month CD$1,000.00$1,000.000.75%0.75%
24 Month CD$1,000.00$1,000.002.05%2.07%
30 Month CD Special$1,000.00$1,000.002.05%2.07%
36 Month CD$1,000.00$1,000.002.25%2.27%
48 Month CD$1,000.00$1,000.002.30%2.32%
60 Month CD$1,000.00$1,000.002.35%2.37%
rates-ira table
Individual Retirement Account
Account Product NameMinimum Opening BalanceMinimum Balance to Obtain Annual Percentage YieldInterest RateAnnual Percentage Yield
6 Month IRA$1,000.00$1,000.000.30%0.60%
12 Month IRA$1,000.00$1,000.000.75%0.75%
18 Month IRA$1,000.00$1,000.001.25%1.26%
24 Month IRA$1,000.00$1,000.002.05%2.07%
30 Month IRA Special$1,000.00$1,000.002.05%2.07%
36 Month IRA$1,000.00$1,000.002.25%2.27%
48 Month IRA$1,000.00$1,000.002.30%2.32%
rates-money-market table
Money Market Rates
Account Product NameMinimum Opening BalanceMinimum Balance to Obtain Annual Percentage YieldInterest RateAnnual Percentage Yield
0 - $49990.20%0.20%
$5000 - $9999.99$5,000.000.20%0.20%
$10,000 - $24,999$10,000.000.30%0.30%
$25,000 - $49,999$25,000.000.40%0.40%
$50,000 - Over$50,000.000.50%0.50%
Secure Advantage Money Market$25,000.00$25,000.000.50%0.50%
rates-money-market table
Savings Accounts
Account Product NameMinimum Opening BalanceMinimum Balance to Obtain Annual Percentage YieldInterest RateAnnual Percentage Yield
Statement Savings$100.000.15%0.15%
rates-interest-checking table
Checking Accounts
Account Product NameMinimum Opening BalanceMinimum Balance to Obtain Annual Percentage YieldInterest RateAnnual Percentage Yield
Interest Bearing Checking(Now Accounts)$1,000.000.05%0.05%
FirstRate Checking$1,000.00$.000.15%0.15%
Reward Checking up $25,000$100.00$.002.00%2.02%
Reward Checking over $25,000$100.00$25,001.000.50%0.50%

Rates Effective November 9, 2018

*APY=Annual Percentage Yield

**Interest rates and Annual Percentage Yield (APY) may change after account opening. Fees could reduce earnings on the account. Interest will be compounded and credited to the account monthly or quarterly depending on the type of account. Please contact a customer service representative at 479-498-2400 for further information.