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SHELBYVILLE DEPOSIT RATES (as of January 1, 2013) |
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Current Deposit Rates
- 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.
Annual Percentage Yields (APY) posted on this schedule are current as of this date. |
| FIX RATE CDs |
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Min.Balance |
Rate |
APY |
| 3 Month |
5,000 |
0.14% |
0.15% |
| 6 Month |
5,000 |
0.19% |
0.20% |
| 1 Year |
500 |
0.34% |
0.35% |
| 18 Month |
500 |
0.44% |
0.45% |
| 2 Year |
1,000 |
0.49% |
0.50% |
| 30 Month |
1,000 |
0.49% |
0.50% |
| 3 Year |
1,000 |
0.59% |
0.60% |
| 4 Year |
1,000 |
0.79% |
0.80% |
| 5 Year |
1,000 |
0.99% |
1.00% |
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| IRA ACCOUNTS |
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Min.Balance |
Rate |
APY |
| 2 Year |
1,000 |
0.49% |
0.50% |
| 3 Year |
1,000 |
0.59% |
0.60% |
| 4 Year |
1,000 |
0.79% |
0.80% |
| 5 Year |
1,000 |
0.99% |
1.00% |
| 7 Year |
1,000 |
1.24% |
1.25% |
18 Month
Variable |
1,000 |
0.24% |
0.25% |
Statement
Savings |
20.00 |
0.14% |
0.15% |
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| ESCALATOR
CDs |
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Rate |
APY |
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Escalating Rate |
Rate |
APY |
| 3 Year |
1,000 |
0.20% |
0.20% |
|
Series EE Rate |
0.20% |
0.20% |
| 5 Year |
1,000 |
0.45% |
0.45% |
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Series EE + 1/4% |
0.45% |
0.45% |
| 7 Year |
1,000 |
0.70% |
0.70% |
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Series EE + 1/2% |
0.70% |
0.70% |
| 10 Year |
1,000 |
1.20% |
1.21% |
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Series EE + 1% |
1.20% |
1.21% |
| Rate will change semi-annually on June 1st and December 1st after Series EE bond rate adjustments |
| CHECKING and
SAVINGS ACCOUNTS |
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Rate |
APY |
Balance |
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Rate |
APY |
Balance |
| First Choice Plus |
0.04% |
0.05% |
$500 + |
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First Choice Elite
minimum balance to open $100 |
0.04% |
0.05% |
$0 - 4,999 |
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0.09% |
0.10% |
$5,000 - 14,999 |
Statement Savings
minimum balance to open $100 |
0.14% |
0.15% |
any |
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0.14% |
0.15% |
$15,000 - 49,999 |
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0.24% |
0.25% |
50,000 + |
HSA Checking
minimum balance to open $100 |
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Money Market
minimum balance to open $2,500 |
Rate |
APY |
Balance |
| 0.04% |
0.05% |
$0 - 499 |
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0.09% |
0.10% |
$0 - $24,999 |
| 0.09% |
0.10% |
$500 - 2,499 |
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0.14% |
0.15% |
$25,000 - $99,999 |
| 0.14% |
0.15% |
$2,500 - 4,999 |
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0.19% |
0.20% |
$100,000 - $999,999 |
| 0.19% |
0.20% |
$5,000 + |
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0.14% |
0.15% |
$1,000,000 + |
| BUSINESS
CHECKING |
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Rate |
APY |
Balance |
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Credit |
Balance |
Sole Proprietor & Community
Companion Checking
minimum balance to open $100 |
0.00% |
0.00% |
$0 - 499 |
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First Business Analysis Checking |
0.05% |
$0 - 4,999 |
| 0.04% |
0.05% |
$500 - 4,999 |
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0.10% |
$5,000 - 14,999 |
| 0.09% |
0.10% |
$5,000 - 9,999 |
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0.15% |
$15,000 - 49,999 |
| 0.14% |
0.15% |
$10,000 + |
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0.25 % |
$50,000 + |
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Rate |
APY |
Balance |
First Business Select Plus
Checking
minimum balance to open $1,000 |
0.00% |
0.00% |
$0 - 24,000 |
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Estate Checking
minimum balance to open $100 |
0.00% |
0.00% |
$0 - $4,999 |
| 0.04% |
0.05% |
$25,000 - 49,999 |
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0.04% |
0.05% |
$5,000 - $14,999 |
| 0.09% |
0.10% |
$50,000 - 74,999 |
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0.09% |
0.10% |
$15,000 - $24,999 |
| 0.14% |
0.15% |
$75,000 + |
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0.14% |
0.15% |
$25,000 + |
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| Fees, service 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. 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 at any time.
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