Competitive Rates
First Farmers State Bank has competitive rates designed to fit exactly what you're looking for.
Deposit Rate Specials
Effective Date: October 14, 2019 | Rates are subject to change
First Rate Specials1
Time Certificates of Deposit2
38 Months Min. Opening Deposit: $10,000
| Min. Balance for APY | Annual Percentage Yield3 | Interest Rate |
|---|---|---|
| $225,000 | 1.60% | 1.59% |
| $50,000 | 1.70% | 1.69% |
| $10,000 | 1.50% | 1.49% |
27 Months Min. Opening Deposit: $10,000
| Min. Balance for APY | Annual Percentage Yield3 | Interest Rate |
|---|---|---|
| $225,000 | 1.60% | 1.59% |
| $50,000 | 1.70% | 1.69% |
| $10,000 | 1.50% | 1.49% |
16 Months Min. Opening Deposit: $10,000
| Min. Balance for APY | Annual Percentage Yield3 | Interest Rate |
|---|---|---|
| $225,000 | 1.70% | 1.69% |
| $50,000 | 1.80% | 1.79% |
| $10,000 | 1.60% | 1.59% |
14 Months (CONSUMER ONLY) Min. Opening Deposit: $10,000 (NEW MONEY)
| Min. Balance for APY | Annual Percentage Yield3 | Interest Rate |
|---|---|---|
| $225,000 | 1.95% | 1.94% |
| $50,000 | 1.95% | 1.94% |
| $10,000 | 1.95% | 1.94% |
10 Months Min. Opening Deposit: $10,000
| Min. Balance for APY | Annual Percentage Yield3 | Interest Rate |
|---|---|---|
| $225,000 | 1.80% | 1.79% |
| $50,000 | 1.90% | 1.89% |
| $10,000 | 1.75% | 1.74% |
1 - First Rate Specials will renew at the Traditional Time Certificate of Deposit rates and terms as outlined in account disclosures
2 - A penalty will be imposed for early withdrawal
3 - APY assumes interest will remain on deposit, capitalizing quarterly
Mortgage Rates
Effective Date: October 17, 2019 | Rates are subject to change
| Type | Rate | APR |
|---|---|---|
| 30 Year Conventional Fixed | 3.875% | 3.895% |
| 20 Year Conventional Fixed | 3.750% | 3.778% |
| 15 Year Conventional Fixed | 3.375% | 3.410% |
| Home Equity Line of Credit | 5.000% | 5.000% |
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