Competitive Rates
First Farmers State Bank has competitive rates designed to fit exactly what you're looking for.
Deposit Rate Specials
Effective Date: June 1, 2020
| 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 | .70% | .70% |
| $50,000 | .80% | .80% |
| $10,000 | .60% | .60% |
27 Months Min. Opening Deposit: $10,000
| Min. Balance for APY | Annual Percentage Yield3 | Interest Rate |
|---|---|---|
| $225,000 | .65% | .65% |
| $50,000 | .75% | .75% |
| $10,000 | .55% | .55% |
16 Months Min. Opening Deposit: $10,000
| Min. Balance for APY | Annual Percentage Yield3 | Interest Rate |
|---|---|---|
| $225,000 | .60% | .60% |
| $50,000 | .70% | .70% |
| $10,000 | .50% | .50% |
14 Months (CONSUMER ONLY) Min. Opening Deposit: $10,000 (NEW MONEY)
| Min. Balance for APY | Annual Percentage Yield3 | Interest Rate |
|---|---|---|
| $225,000 | 0.75% | 0.75% |
| $50,000 | 0.75% | 0.75% |
| $10,000 | 0.75% | 0.75% |
10 Months Min. Opening Deposit: $10,000
| Min. Balance for APY | Annual Percentage Yield3 | Interest Rate |
|---|---|---|
| $225,000 | .45% | .45% |
| $50,000 | .55% | .55% |
| $10,000 | .35% | .35% |
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: June 5, 2020 | Rates are subject to change
| Type | Rate | APR |
|---|---|---|
| 30 Year Conventional Fixed | 3.125% | 3.144% |
| 20 Year Conventional Fixed | 3.000% | 3.027% |
| 15 Year Conventional Fixed | 2.500% | 2.534% |
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