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Statement of Condition
Specials
Community Pride CD
Weather
WayNet
EDIE
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CD Specials
Minimum to open $1000.
| TERM | RATE | APY |
| 5 Mo. | 2.86 | 2.90 |
| 9 Mo. | 2.96 | 3.00 |
Effective May 1, 2008. Penalty for early withdraw.
Current Deposit Rates
Rate Schedule Effective Date:
May 1, 2008
The following accounts compound monthly unless otherwise noted.
*Compounds quarterly
Interest rates are determined by Bank management.
The Annual Percentage Yield assumes interest will remain on deposit.
Interest Rate and APY on variable rate accounts may change after the account is opened as rates are subject to change daily.
First Bank Richmond will not accept deposits outside our local market area unless the customer has a prior business relationship or the deposit is in the amount of $10,000.00 or more.
Annual Percentage Yields (APY) posted on this schedule are current as of this date.
FIXED CD's |
ESCALATOR CD's |
IRA ACCOUNTS |
CHECKING & SAVINGS
FIXED RATE CDs |
| - | Minimum | Min. Balance Rate | Min. $25,000 | Min. $50,000 | | - | Balance | Rate | APY | Rate | APY | Rate | APY | |
3 Mo. CD |
5,000 |
1.98% |
2.00% |
2.08% |
2.10% |
2.23% |
2.25% | |
6 Mo. CD |
5,000 |
2.37% |
2.40% |
2.47% |
2.50% |
2.62% |
2.65% | |
1 Yr. CD |
500 |
2.47% |
2.50% |
2.57% |
2.60% |
2.72% |
2.75% | |
18 Mo. CD |
500 |
2.57% |
2.60% |
2.67% |
2.70% |
2.81% |
2.86% | |
2 Yr. CD |
1,000 |
2.67% |
2.70% |
2.77% |
2.81% |
2.92% |
2.96% | |
30 Mo. CD |
1,000 |
2.67% |
2.70% |
2.77% |
2.81% |
2.92% |
2.96% | |
3 Yr. CD |
1,000 |
2.96% |
3.00% |
3.06% |
3.10% |
3.21% |
3.26% | |
4 Yr. CD |
1,000 |
3.10% |
3.14% |
3.20% |
3.25% |
3.35% |
3.40% | |
5 Yr. CD |
1,000 |
3.25% |
3.30% |
3.35% |
3.40% |
3.50% |
3.56% |
IRA ACCOUNTS |
| - |
Minimum |
Min. Balance Rate |
Min. $25,000 |
Min. $50,000 | | - |
Balance |
Rate |
APY |
Rate |
APY |
Rate |
APY |
|
2 Yr. CD |
1,000 |
2.67% |
2.70% |
2.77% |
2.81% |
2.92% |
2.96% |
|
3 Yr. CD |
1,000 |
2.96% |
3.00% |
3.06% |
3.10% |
3.21% |
3.26% |
|
4 Yr. CD | 1,000 |
3.10% |
3.14% |
3.20% |
3.25% |
3.35% |
3.40% |
|
5 Yr. CD |
1,000 |
3.25% |
3.30% |
3.35% |
3.40% |
3.50% |
3.56% |
|
7 Yr. CD |
1,000 |
3.35% |
3.40% |
3.45% |
3.51% |
3.60% |
3.66% |
|
IRA Savings |
Rate |
APY |
|
20-4,999 |
1.50% |
1.51% |
|
5,000-9,999 |
1.75% |
1.76% |
|
10,000 and up |
1.85% |
1.87% |
ESCALATOR CDs
(Escalator CD's may be used for IRA investments) |
| Min. 1,000 |
Guaranteed Minimum |
Based on Series
EE Bonds |
Escalating Rate |
| Term |
Rate |
APY |
|
Rate |
APY |
| 3 Years |
3.00% |
3.04% |
Series EE rate |
3.00% |
3.04% |
| 5 Years |
3.25% |
3.30% |
Series EE + 1/4% |
3.25% |
3.30% |
| 7 Years |
3.50% |
3.56% |
Series EE + 1/2% |
3.50% |
3.56% |
| 10 Years |
3.75% |
3.82% |
Series EE + 1.0% |
4.00% |
4.07% |
Rate will change semi-annually on
June 1 and December 1 after SeriesEE Bond rate changes. |
CHECKING & SAVINGS |
| - |
Rate |
APY |
Balance |
|
First Choice Plus |
0.50% |
0.50% |
$500+ |
|
First Choice Elite |
0.50% |
0.50% |
$0 - $4,999 |
|
|
1.00%
|
1.00%
|
$5,000 - $1 4,999
|
|
|
2.00%
|
2.02%
|
$15,000 - $49,999
|
|
|
3.00%
|
3.04%
|
$50,000+
|
|
|
|
|
|
|
Statement Savings |
1.00% |
1.00% |
any | | | | |
|
Health Savings Accounts |
Rate |
APY |
Balance |
| 0-499 |
0.50% |
0.50% |
$0 - $499 |
| 500-2,499 |
1.00% |
1.00% |
$500 - $2,400 |
|
2,500-4,999 |
1.50% |
1.51% |
$2,500 - $4,999 |
|
5,000 up |
2.00% |
2.02% |
$5,000+ |
| | | |
|
Money Market |
Rate |
APY |
|
| 0-24,999 |
1.24% |
1.25% |
$0 - $24,999 |
| 25,000-99,999 |
1.74% |
1.75% |
$25,000 - $99,999 |
|
100,000-999,999 |
2.23% |
2.25% |
$100,000 - $999,999 |
|
1,000,000 up |
1.74% |
1.75% |
$1,000,000+ |
| | | | | BUSINESS
CHECKING | | Rate | APY | Balance |
|
Business DDA / Org. |
0.50% |
0.50% |
$500+ |
| | | |
| Business DDA Earning Credit |
3.00% |
| The interest rates
indicated above are determined by bank management. Interest compounds
monthly. The Annual Percentage Yield assumes interest will remain on
deposit. Interest rate and APY on variable rate accounts may change
after the account is opened as rates are subject to change daily. Fees services
charges and withdrawals may reduce earnings. Early withdrawal penalties
may be assessed on all certificates of deposit. Contact an employee for
further information regarding applicable fees and terms. A complete
account disclosure is available for all accounts. |
Copyright © 1998-2008
First Bank Richmond, NA
All Rights Reserved.
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