Equal Housing Lender and Member FDIC
First Bank Richmond
Doing Great Things Together
Home rule Infodesk rule Hours and Locations rule Rates rule Contact rule Tools and Resources

Personal Banking Business Banking Mortgage Trusts and Investments
icon DEPOSIT RATES (as of January 1, 2013)

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.
Fixed Rate CD's IRA Accounts Escalator CD's Checking & Savings
FIX RATE CDs
  Min.Balance Rate APY
3 Month 5,000 0.14% 0.15%
6 Month 5,000 0.24% 0.25%
1 Year 500 0.49% 0.50%
18 Month 500 0.59% 0.60%
2 Year 1,000 0.74% 0.75%
30 Month 1,000 0.79% 0.80%
3 Year 1,000 0.99% 1.00%
4 Year 1,000 1.09% 1.10%
5 Year 1,000 1.19% 1.20%
IRA ACCOUNTS
  Min.Balance Rate APY
2 Year 1,000 0.74% 0.75%
3 Year 1,000 0.89% 0.90%
4 Year 1,000 0.99% 1.00%
5 Year 1,000 1.09% 1.10%
7 Year 1,000 1.24% 1.25%
18 Month
Variable
1,000 0.49% 0.50%
Statement
Savings
20.00 0.24% 0.25%
       
ESCALATOR CDs
               
    Rate APY   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%   Series EE + 1/4% 0.45% 0.45%
7 Year 1,000 0.70% 0.70%   Series EE + 1/2% 0.70% 0.70%
10 Year 1,000 1.20% 1.21%   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  
  Rate APY Balance     Rate APY Balance
First Choice Plus 0.09% 0.10% $500 +   First Choice Elite
minimum balance to open $100
0.09% 0.10% $0 - 4,999
          0.14% 0.15% $5,000 - 14,999
Statement Savings
minimum balance to open $100
0.24% 0.25% any   0.19% 0.20% $15,000 - 49,999
          0.24% 0.25% 50,000 +
HSA Checking
minimum balance to open $100
        Money Market
minimum balance to open $2,500
Rate APY Balance
0.09% 0.10% $0 - 499   0.19% 0.20% $0 - $24,999
0.14% 0.15% $500 - 2,499   0.24% 0.25% $25,000 - $99,999
0.19% 0.20% $2,500 - 4,999   0.49% 0.50% $100,000 - $999,999
0.24% 0.25% $5,000 +   0.34% 0.35% $1,000,000 +
BUSINESS CHECKING
  Rate APY Balance     Credit Balance
Sole Proprietor & Community Companion Checking
minimum balance to open $100
0.00% 0.00% $0 - 499 First Business Analysis Checking 0.05% $0 - 4,999
0.09% 0.10% $500 - 4,999 0.10% $5,000 - 14,999
0.14% 0.15% $5,000 - 9,999 0.15% $15,000 - 49,999
0.19% 0.20% $10,000 + 0.25 % $50,000 +
 
          Rate APY Balance
First Business Select Plus Checking
minimum balance to open $1,000
0.00% 0.00% $0 - 24,000   Estate Checking
minimum balance to open $100
0.00% 0.00% $0 - $4,999
0.09% 0.10% $25,000 - 49,999   0.09% 0.10% $5,000 - $14,999
0.14% 0.15% $50,000 - 74,999   0.14% 0.15% $15,000 - $24,999
0.19% 0.20% $75,000 +   0.19% 0.20% $25,000 +

Additional Terms and Conditions

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.