Photo credit: Tom's Photography (Country road in rural Bloomington)
Competitive Rates
First Farmers State Bank has competitive rates designed to fit exactly what you're looking for.
Mortgage Rates
Effective Date: June 20, 2018 | Rates are subject to change
| Type | Rate | APR |
|---|---|---|
| 30 Year Conventional Fixed | 4.750% | 4.771% |
| 20 Year Conventional Fixed | 4.500% | 4.528% |
| 15 Year Conventional Fixed | 4.125% | 4.161% |
| Home Equity Line of Credit | 5.000% | 5.000% |
Deposit Rate Specials
Effective Date: June 18, 2018 | Rates are subject to change
First Rate Specials1
Time Certificates of Deposit2
10 Months Min. Opening Deposit: $10,000
| Min. Balance for APY | Annual Percentage Yield3 | Interest Rate |
|---|---|---|
| $10,000 | 1.15% | 1.15% |
| $50,000 | 1.25% | 1.24% |
| $225,000 | 1.20% | 1.19% |
14 Months (CONSUMER ONLY) Min. Opening Deposit: $10,000 (NEW MONEY)
| Min. Balance for APY | Annual Percentage Yield3 | Interest Rate |
|---|---|---|
| $10,000 | 1.90% | 1.89% |
| $50,000 | 1.90% | 1.89% |
| $225,000 | 1.90% | 1.89% |
16 Months Min. Opening Deposit: $10,000
| Min. Balance for APY | Annual Percentage Yield3 | Interest Rate |
|---|---|---|
| $10,000 | 1.30% | 1.29% |
| $50,000 | 1.50% | 1.49% |
| $225,000 | 1.40% | 1.39% |
27 Months Min. Opening Deposit: $10,000
| Min. Balance for APY | Annual Percentage Yield3 | Interest Rate |
|---|---|---|
| $10,000 | 1.40% | 1.39% |
| $50,000 | 1.65% | 1.64% |
| $225,000 | 1.45% | 1.44% |
38 Months Min. Opening Deposit: $10,000
| Min. Balance for APY | Annual Percentage Yield3 | Interest Rate |
|---|---|---|
| $10,000 | 2.00% | 1.99% |
| $50,000 | 2.20% | 2.18% |
| $225,000 | 2.10% | 2.08% |
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
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