Competitive Rates
First Farmers State Bank has competitive rates designed to fit exactly what you're looking for.
Deposit Rate Specials
Effective Date: July 06, 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 | .55% | .55% |
| $50,000 | .65% | .65% |
| $10,000 | .45% | .45% |
27 Months Min. Opening Deposit: $10,000
| Min. Balance for APY | Annual Percentage Yield3 | Interest Rate |
|---|---|---|
| $225,000 | .50% | .50% |
| $50,000 | .60% | .60% |
| $10,000 | .40% | .40% |
16 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% |
14 Months (CONSUMER ONLY) Min. Opening Deposit: $10,000 (NEW MONEY)
| Min. Balance for APY | Annual Percentage Yield3 | Interest Rate |
|---|---|---|
| $225,000 | 0.65% | 0.65% |
| $50,000 | 0.65% | 0.65% |
| $10,000 | 0.65% | 0.65% |
10 Months Min. Opening Deposit: $10,000
| Min. Balance for APY | Annual Percentage Yield3 | Interest Rate |
|---|---|---|
| $225,000 | .35% | .35% |
| $50,000 | .45% | .45% |
| $10,000 | .25% | .25% |
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: July 9, 2020 | Rates are subject to change
| Type | Rate | APR |
|---|---|---|
| 30 Year Conventional Fixed | 2.750% | 2.769% |
| 20 Year Conventional Fixed | 2.625% | 2.651% |
| 15 Year Conventional Fixed | 2.125% | 2.159% |
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