Our CD and IRA options give you greater opportunities for the future.
See our interest rates and options here.
Terms of 7 months or more compound quarterly.
| Term |
Minimum Deposit |
Interest Rate |
Annual Percentage Yield |
Penalty for Early Withdrawal |
| 3 Months | $2,500 | .15% | .15% | 91 Days Interest |
| 6 Months | $2,500 | .20% |
.20% |
91 Days Interest |
| 12 Months | $500 | .30% | .30% | 91 Days Interest |
| 18 Months | $500 | .35% | .35% | 182 Days Interest |
| 30 Months | $500 | .40% | .40% | 182 Days Interest |
| 48 Months | $500 | .50% | .50% | 182 Days Interest |
| 48 Month Variable IRA ($500 minimum) |
$500 | .75%** | .75% | 182 Days Interest |
IRA: Prime minus 2.50%.
Interest rate adjusts whenever Prime Interest Rate (currently 3.25%) changes.
Floor rate is .75%.
** The interest rate for your account will never be more than 2.25%
May make additional deposits of $1000 or more.
At First Independent Bank, we have the CD and IRA options that will help you get the most out of your savings. Find out how we are equipped to make your money work for you.
Whether short-, intermediate- or long-term, we have the Certificates of Deposit and Individual Retirement Account options that will help you get the most out of your savings.
Which is right for you?
That's where First Independent Bank's local experts come in. We are happy to go over all your options and find the right mix of return on investment and liquidity that fits your unique financial situation.
Checking/Savings Interest Rates
Interest Rate Disclosure:
At our discretion, we may change the interest rate on these accounts. Fees could reduce earnings on these accounts.
