Savings, CD and IRA Account

Statement Savings Account

Whether you’re saving for the first time, saving to buy a big screen TV or preparing for a rainy day, this account provides a basic set of features for responsible financial safety and growth.

Competitive interest rates earned on the daily principal balance, compounded and paid quarterly

Security – reliable history of service and FDIC insured

Clear, accurate quarterly statements as well as online and phoneline account access

Unlimited debit and other paperless, electronic transactions

Unlimited ATM withdrawals at Firstbank ATMs

No charge for the first six withdrawals per quarter. $2.00 per withdrawal after that

No minimum balance required to earn the Annual Percentage Yield

Beginning Deposit, Fees, Rates* and Rules:
Started with as little as $100, this account remains free unless the balance falls below that initial $100. Then a $5.00 service fee is applied. To calculate interest, a daily periodic rate is applied to the principal in your account each day with interest accruing from the day funds are deposited into your account until the day they are withdrawn.

FirstSelect Money Market

Enjoy the benefits of a money market account, plus:

Tiered interest rates earned on the daily principal balance, compounded and paid quarterly. The higher the balance in your account, the higher the interest rate you receive

Minimum balance to earn stated money market interest is $1,500. Maintain a $1,500 balance to earn interest

No charge for the first six transfers/ withdrawals per month (three of which may be by third-party checks)

No monthly service fee on this account, but if checks or transfers exceed the number allowed by law, a $15 per item fee is applied

Fees, Rates* and Rules: To calculate interest a daily periodic rate is applied to the principal in your account each day with interest accruing from the day funds are deposited into your account until the day they are withdrawn. Interest is credited and compounded monthly. Early Closing Fee: $15 for accounts closed prior to 90 days. Rates: Firstbank reserves the right to change tiers and interest rates any time.

Individual Retirement Account (IRA)

This account represents a practical, convenient savings strategy for retirement – providing tax advantages, steady growth and many other benefits, including:

Tax deferred, risk-free investment

Competitive interest rates

Reliable history of service and FDIC insured

Online and phoneline account access

IRA Transfer Fee of $15.00

No monthly service fee

Beginning Deposit, Fees, Rates* and Rules: You can open an IRA account with as little as $1,000 and will earn the established Annual Percentage Yield unless your balance falls below $1,000.

FirstSelect Savings Account

Keeping extra money in your savings account? Enjoy benefits of a statement savings account, plus:

Tiered interest rates earned on the daily principal balance, compounded and paid quarterly. The higher the balance in your account, the higher interest rate you receive

Minimum balance to earn stated interest is $100

Unlimited ATM withdrawals at Firstbank ATMs

No charge for the first six withdrawals per quarter. $4.00 per withdrawal after that
Interest paid quarterly on March 31, June 30, September 30 and December 31

Beginning Deposit, Fees, Rates* and Rules: To calculate interest a daily periodic rate is applied to the principal in your account each day with interest accruing from the day funds are deposited into your account until the day they are withdrawn. Early Closing Fee: $15 for accounts closed prior to 90 days. Rates: Firstbank reserves the right to change tiers and interest rates any time.

Regular Certificate of Deposit (CD) Account

If a longer-term, higher-interest strategy is more important to you, this is the account to consider. You’ll earn a higher interest rate than in most savings and money market accounts. In fact, you can earn a guaranteed interest rate when you leave your money in for a fixed period of time. You’ll also enjoy other benefits, including:

Competitive interest rates – generally, the longer you save, the higher the interest rate

Interest compounded quarterly

Reliable history of service and FDIC insured

Clear, accurate quarterly statements as well as online and phoneline account access Beginning Deposit, Fees, Rates* and Rules: You can open a CD account with as little as $1,000 and will earn the established Annual Percentage Yield unless your balance falls below $1,000.

Interest which compounds quarterly begins accruing from the day funds are deposited into your account until the day they are withdrawn, based on a calculation that applies a daily periodic rate to the principal in your account each day. Once established, interest rates and the Annual Percentage Yield assume that interest remains on account until maturity and no additional deposits are allowed during the account term. Early withdrawal will substantially reduce Annual Percentage Yield.

To calculate interest, a daily periodic rate is applied to the principal in your account each day, with interest accruing from the day funds are deposited into your account until the day they are withdrawn. Once established, interest rates and the Annual Percentage Yield assume that interest remains on account until maturity and no additional deposits are allowed during the account term. Early withdrawal will substantially reduce Annual Percentage Yield.

*For current interest rate information on any of our savings accounts, speak with a Firstbank representative, call our automated phone banking system or click here. For more than 80 years, Firstbank has been helping customers like you realize their financial priorities. Achieve what’s important. Put first things first. Speak to a Firstbank savings account representative today!