Looking for the best CD rates to grow your savings in 2025? First Bank offers competitive Certificate of Deposit (CD) rates and Annual Percentage Yields (APY) designed to help you achieve your financial goals. Whether you’re a new or existing customer, understanding the current rates and terms is crucial for making informed decisions about your investments.
First Bank is currently offering attractive rates on various CD products, including High-Yield CDs and IRA CDs. As of March 1st, 2025, these rates are designed to be competitive, but it’s important to remember that interest rates and APYs are subject to change. This means that the rates available when you open your account might differ slightly from those advertised earlier. It’s always recommended to confirm the most up-to-date rates directly with First Bank before opening an account.
For those interested in High-Yield CDs, First Bank provides options for both standard CDs and IRA CDs. Keep in mind that IRA CDs and Business CDs typically require you to open them in a branch, offering a more personalized service experience. Other CD types may be available to open both in-branch and online for your convenience. When considering CDs, it’s also worth noting that renewal rates for maturing CDs and IRAs might vary, so it’s always a good idea to inquire about these details when you open your account or as your CD term nears its end. A minimum balance of $1,000.00 is generally required to open a CD and to earn the advertised APY. Also, be aware that maximum balance limits may apply, and early withdrawals from CDs may incur penalties.
Beyond CDs, First Bank also features a Promo Statement Savings Account with a competitive Annual Percentage Yield (APY). As of March 1st, 2025, this account offers a variable APY, which means the rate can change after you open the account. For new customers, a minimum deposit of $100 of new money is required to open this high-yield savings account. New money is defined as funds not currently on deposit with First Bank. Existing First Bank accountholders have slightly different terms, particularly when using funds already on deposit at First Bank to open a Promo Statement Savings account. In such cases, opening a Promo Statement Savings account in-branch requires a minimum deposit that includes $10,000 of new money. This condition does not apply if the funds are currently in a Promo Statement Savings or Promo Performance Money Market account at First Bank.
Furthermore, existing First Bank Statement Savings or Performance Money Market account holders can also benefit from these competitive rates. By depositing a minimum of $10,000 in new money into their existing accounts, they may be eligible to request the current promotional interest rate and APY. Similarly, for existing Promo Statement Savings or Promo Performance Money Market accounts with lower interest rates (3.54% or less), depositing $10,000 or more in new money can also qualify these accounts for the improved rates.
For everyday banking needs, First Bank also offers interest-bearing Checking, Savings, and Money Market Accounts. These accounts also feature variable APYs that can change after the account is opened. A minimum deposit of $100 is typically required to open these accounts, although the minimum is lower for Kids Cash Savings accounts. It’s important to remember that fees associated with any of these accounts may reduce your overall earnings.
In summary, First Bank provides a range of options to maximize your savings, from First Bank Cd Rates to high-yield savings accounts. Whether you are looking for the stability of a CD or the flexibility of a savings account, understanding the terms, minimum deposit requirements, and potential changes in APY is key. For the most accurate and current information, especially regarding first bank cd rates and specific account details, contacting First Bank directly is always recommended. They can provide personalized assistance and ensure you have the latest rate information to make the best choices for your financial future.
