Competitive Rates
First Farmers State Bank has competitive rates designed to fit exactly what you're looking for.
Deposit Rate Specials
Effective Date: February 24, 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 | 1.30% | 1.29% |
| $50,000 | 1.40% | 1.39% |
| $10,000 | 1.20% | 1.19% |
27 Months Min. Opening Deposit: $10,000
| Min. Balance for APY | Annual Percentage Yield3 | Interest Rate |
|---|---|---|
| $225,000 | 1.30% | 1.29% |
| $50,000 | 1.40% | 1.39% |
| $10,000 | 1.20% | 1.19% |
16 Months Min. Opening Deposit: $10,000
| Min. Balance for APY | Annual Percentage Yield3 | Interest Rate |
|---|---|---|
| $225,000 | 1.30% | 1.29% |
| $50,000 | 1.40% | 1.39% |
| $10,000 | 1.20% | 1.19% |
14 Months (CONSUMER ONLY) Min. Opening Deposit: $10,000 (NEW MONEY)
| Min. Balance for APY | Annual Percentage Yield3 | Interest Rate |
|---|---|---|
| $225,000 | 1.55% | 1.54% |
| $50,000 | 1.55% | 1.54% |
| $10,000 | 1.55% | 1.54% |
10 Months Min. Opening Deposit: $10,000
| Min. Balance for APY | Annual Percentage Yield3 | Interest Rate |
|---|---|---|
| $225,000 | 1.40% | 1.39% |
| $50,000 | 1.50% | 1.49% |
| $10,000 | 1.35% | 1.34% |
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: February 28, 2020 | Rates are subject to change
| Type | Rate | APR |
|---|---|---|
| 30 Year Conventional Fixed | 3.250% | 3.269% |
| 20 Year Conventional Fixed | 3.250% | 3.277% |
| 15 Year Conventional Fixed | 2.750% | 2.784% |
| Home Equity Line of Credit | 5.000% | 5.000% |
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