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FirstBank CD Rates: 5 Year CD Interest Rates at 1.20 Percent
 

FirstBank CD Rates: 5 Year CD Interest Rates at 1.20 Percent

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FirstBank which was founded in 1963 is offering some competitive CD rates. The best CD rates at FirstBank is on their longest term certificate of deposit on their Premier account. Current CD interest rates on 5 year Premier certificates of deposit pay a rate of 1.19 percent with an APY of 1.20 percent.

In order to earn that 5 year CD rate and APY you have to open a Premier certificate of deposit with a minimum deposit of $10,000. If you don't have 10k to open a CD account you can open a regular CD account with $100. 5 year CD rates on regular CD accounts earn are at 1.09 percent with an APY of 1.10 percent.

While these 5 year rates are the best available at FirstBank the rates are not the best around in general. For example, current 1 year CIT Bank CD rates are at 1.09 percent with an APY of 1.10 percent for account balances of $25,000. Regular CIT Bank CD rates on 1 year CDs are at 1.05 percent with an APY of 1.06 percent for account balances of $1,000.

CD Rates at FirstBank


Regular CD Rates



  • 91 Day Time Deposit Rate 0.10% APY 0.10%

  • 182 Day Time Deposit Rate 0.15% APY 0.15%

  • 1 Year Time Deposit Rate 0.20% APY 0.20%

  • 2 Year Time Deposit Rate 0.40% APY 0.40%

  • 3-1/2 Year Time Deposit Rate 0.50% APY 0.50%

  • 5 Year Time Deposit Rate 1.09% APY 1.10%


Premier CD Rates



  • 91 Day Time Deposit Rate 0.15% APY 0.15%

  • 182 Day Time Deposit Rate 0.25% APY 0.25%

  • 1 Year Time Deposit Rate 0.30% APY 0.30%

  • 2 Year Time Deposit Rate 0.50% APY 0.50%

  • 3-1/2 Year Time Deposit Rate 0.60% APY 0.60%

  • 5 Year Time Deposit Rate 1.19% APY 1.20%


As you can see the shorter term CD rates are not as good as the longer term CD rates. You can find CD rates higher than these at FirstBank by searching and comparing the highest CD rates at RatesORama.com.

Author: Stacy Everest
July 16th, 2012