Time Deposits

There’s a lot that gets getter with time — including your savings balance. Choose your term and watch your balance grow.

Deposit Rates

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Key Features

  • Guaranteed Returns
  • Competitive Interest
  • No Setup or Maintenance Fees
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We believe your money should always be working for you. Time deposits offer a guaranteed return on your balance without you having to do a thing!

Lock up your funds with a higher interest rate than a regular savings account. A variety of terms are available — from 7 days to 60 months. Let us set you up with an account that fits your needs.

  • Fixed rates for guaranteed returns
  • No monthly service fee
  • Wide range of terms (from 7 days to 5 years)
  • Accessible in digital banking
  • Convenient automatic renewal
  • Penalty for early withdrawal
  • $500 deposit to open account

NOTE: For Time Deposits with maturities of 12 months or less, interest is calculated daily and paid at maturity. For Time Deposits with maturities greater than 12 months, interest is calculated daily and paid monthly. Interest may be paid to the Time Deposit or deposited to a designated First Bank account.

Are you worried about locking your funds up with the same interest rate? Our rate exchange time deposit gives you one opportunity during the term to "bump up" if the rates go up.

The rate exchange time deposits are available in both 24 and 36-month terms. With no service fees, this is a great option for saving for the future.

  • Fixed rates for guaranteed returns
  • No monthly service fee
  • Wide range of terms (from 24 to 36 months)
  • Accessible in digital banking
  • Convenient automatic renewal
  • Penalty for early withdrawal
  • $500 deposit to open

NOTE: For Time Deposits with maturities greater than 12 months, interest is compounded and credited monthly based on the daily balance. Interest may be paid to the Time Deposit or deposited to a designated First Bank account.

90-Day Time Deposit with variable interest rate 3.50% below the Prime Rate published in the Wall Street Journal. For investors who wish a rate of return for a short term, and ability to keep investment rate in line with the national average.

  • No monthly service fee
  • 90-day term
  • Convenient automatic renewal
  • Accessible in digital banking
  • Penalty for early withdrawal
  • $20,000 deposit to open account
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