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: July 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% |
Deposit Rate Specials
Effective Date: July 16, 2018 | 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 | 2.65% | 2.62% |
| $50,000 | 2.75% | 2.72% |
| $10,000 | 2.55% | 2.53% |
27 Months Min. Opening Deposit: $10,000
| Min. Balance for APY | Annual Percentage Yield3 | Interest Rate |
|---|---|---|
| $225,000 | 2.40% | 2.38% |
| $50,000 | 2.50% | 2.48% |
| $10,000 | 2.30% | 2.28% |
16 Months Min. Opening Deposit: $10,000
| Min. Balance for APY | Annual Percentage Yield3 | Interest Rate |
|---|---|---|
| $225,000 | 2.25% | 2.23% |
| $50,000 | 2.35% | 2.33% |
| $10,000 | 2.15% | 2.13% |
14 Months (CONSUMER ONLY) Min. Opening Deposit: $10,000 (NEW MONEY)
| Min. Balance for APY | Annual Percentage Yield3 | Interest Rate |
|---|---|---|
| $225,000 | 2.35% | 2.33% |
| $50,000 | 2.35% | 2.33% |
| $10,000 | 2.35% | 2.33% |
10 Months Min. Opening Deposit: $10,000
| Min. Balance for APY | Annual Percentage Yield3 | Interest Rate |
|---|---|---|
| $225,000 | 2.00% | 1.99% |
| $50,000 | 2.10% | 2.08% |
| $10,000 | 1.90% | 1.89% |
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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