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Effective
Date 8/30/2010
Certificates
of Deposit
(We reserve the right to offer CD rates to
Iowa residents only and limit CDs to amounts under $100,000 for
individuals without a First Bank checkings or savings account. Monthly
interest checks wil not be mailed to individuals without an established
First Bank checking or savings account. IRAs are not available for
individuals without a First Bank checkings or savings account.)
| Term |
3-11
Month CD |
12-23
Month CD |
24-35
Month CD |
36-60
Month CD |
|
Minimum
to open |
$1000.00 |
$500.00 |
$500.00 |
$500.00 |
| Interest
rate/APY* minimum $9,999.99 |
.30/.31 |
.40/.40 |
.90/.90 |
1.50/1.50 |
| Interest
rate/APY* $10,000.00-$24,999.99 |
.30/.31 |
.40/.40 |
.90/.90 |
1.50/1.50 |
| Interest
rate/APY* $25,000.00- $99,999.99 |
.30/.31 |
.40/.40 |
.90/.90 |
1.50/1.50 |
|
Interest
Payment Method for CD'S listed at right: |
Simple
Interest Credited Annually and/or at Maturity Unless Customer
Requests Interest (ie. Monthly) |
| Additional
Terms: |
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|
| |
| Term |
18
Mo CD Variable Rate
(IRAs only) |
|
|
|
|
Minimum
to open |
$100.00 |
|
|
|
| Interest
rate/APY* minimum- $9,999.99 |
.70/.70 |
|
|
|
| Interest
rate/APY* $10,000.00-$24,999.99 |
.70/.70 |
|
|
|
| Interest
rate/APY* $25,000.00-$99,999.99 |
.70/.70 |
|
|
|
|
Interest
Payment Method for CD'S listed at right: |
Compounds
Semi-Annually |
|
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|
| Additional
Terms: |
Allow additions to
principal |
|
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|
Savings/Checking
Accounts
| Account
Type |
Money
Market Savings and Business Money Market Savings |
FIRST
PREFERENCE Money Market Savings |
| Minimum
to open |
$1,000.00 |
$1,000.00 |
| Interest
rate/APY* |
$0.01
- $4,999.99 |
.05/.05 |
$0.01
- $9,999.99 |
.16/.16 |
| Interest
rate/APY* |
$5,000.00-$9,999.99 |
.11/.11 |
$10,000.00-$24,999.99 |
.25/.25 |
| Interest
rate/APY* |
$10,000.00-$24,999.99 |
.16/.16 |
$25,000.00-$49,999.99 |
.35/.35 |
| Interest
rate/APY* |
$25,000.00-$99,999.99 |
.19/.19 |
$50,000.00-$99,999.99 |
.44/.44 |
| Interest
rate/APY* |
$100,000.00+ |
.27/.27 |
$100,000.00 |
.46/.46 |
|
Interest
Payment Method |
Compounded
Daily Credited Monthly
|
| Additional
Terms |
|
First
Preference Checking
Account Required |
| |
| Account
Type |
Savings,
55+ Savings and Business Savings |
FIRST
PREFERENCE Checking, Small Business Plus Checking, Non Profit
Interest Checking |
| Minimum
to open |
$100.00 |
$100.00 |
| Interest
rate/APY* |
$0.01 and Over |
.05/.05 |
$0.01 -
$2,499.99 |
.02/.02 |
| Interest
rate/APY* |
|
|
$2,500-$9,999.99 |
.02/.02 |
| Interest
rate/APY* |
|
|
$10,000.00-$24,999.99 |
.05/.05 |
| Interest
rate/APY* |
|
|
$25,000.00-$99,999.99 |
.08/.08 |
| Interest
rate/APY* |
|
|
$100,000.00+ |
.18/.18 |
|
Interest
Payment Method |
Compounded
Daily Credited Quarterly |
Compounded
Daily Credited Monthly |
| |
|
|
| Account
Type |
HSA
Checking |
|
|
Minimum
to Open |
$100.00 |
|
| Interest
rate/APY* |
$0.01 and Over |
.10/.10 |
|
|
Interest
Payment Method |
Compounded
Daily Credited Monthly |
|
| Additional
Terms |
|
|
| Please
note:
Interest
Rates are subject to change without further notice. Fees could
reduce the earnings on the account.
All deposits are insured to a maximum of $100,000 per depositor
by the FDIC. For additional account disclosure information,
please refer to your Deposit Account Terms and Conditions.
Interest begins to accrue on the first business day after
the banking day you deposit noncash items (for example, checks).
If you are interested in a specific interest rate or term
for your CD, please contact a Retail Banking Sales Consultant.
CD's listed above automatically renew with a 10-day grace
period.
*Annual
Percentage Yield -(APY) Interest Rates and Yields for Certificates
are fixed for the term of the account. A penalty will be imposed
for early withdrawal as follows:
- 90 days simple
interest for terms 12 months or less
- 180 days simple
interest for terms 13 months or more.
***Penalty
for early withdrawl on the 3 month CD special is 90 days interest.
This is a single maturity CD
Interest on tiered accounts is credited on the entire balance
of your account at the interest rate shown above for the deposit
tier which lists your balance.
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