Interest Rates

 

Interest Rates

Savings & Checking Rates 

Effective DateAugust 26, 2016.

Rates are Subject to Change Without Notice

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Savings & CheckingRateAPY 1 
InterestAccess Checking.02%.02% 
    
First SavingsInterest RateAPY 1 
(daily collected balance of less than $25,000).03%.03% 
(daily collected balance of $25,000 - $99,999).05%.05% 
(daily collected balance of $100,000 or more).15%.15% 
First Business SavingsInterest RateAPY 1 
(daily collected balance of less than $25,000).03%.03% 
(daily collected balance of $25,000 - $99,999).05%.05% 
(daily collected balance of $100,000 or more).15%.15% 
First Tiered Money MarketInterest RateAPY 1 
(daily collected balance of  $1.00 - $2,499).03%.03% 
(daily collected balance of $2,500 - $24,999).05%.05% 
(daily collected balance of $25,000 or more).15%.15% 
First Business Money MarketInterest RateAPY 1 
(daily collected balance of $1.00 - $2,499).03%.03% 
(daily collected balance of $2,,500 - $24,999).05%.05% 
(daily collected balance of $25,000 or more).15%.15% 

 

InterestAccess Checking Account: The interest rate and annual percentage yield may change after account opening. A $1.00 monthly ATM or Debit MasterCard fee applies to this account. A "Monthly Maintenance Service Charge" of $15.00 will apply if (1) at any time during the "InterestACcess" checking account statement cycle, the end of day collected available balance falls below $1,000.00; or (2) if at any time during the "InterestAccess" checking account statement cycle period, your combined deposit and loan balances (held with First County Bank) fall below $50,000.00. Deposit account balances are assessed by the daily collected available balance. Loan balances are assessed by the principal loan amount (excluding credit cards). If you have enrolled in our draw account service, a $10.00 per transfer draw account fee will be applied to your account. The minimum deposit to open the account is $50.00. Fees could reduce earnings on the account.


First Savings Account:
This account is a tiered interest-bearing account. The interest rate and the annual percentage yield may change. At our discretion, we may change the interest rate on the account daily. Interest begins to accrue no later than the business day we receive credit for the deposit of non-cash items (for example, checks). Interest will be compounded monthly. If you close the account before interest is credited, you will not receive the accrued interest. We use the daily collected balance method to calculate the interest on the account. This method applies a daily periodic rate to the principal in the account each day. You must maintain a minimum balance of $1.00 in the account each day to obtain the disclosed annual percentage yield. The minimum opening deposit is $1.00. Under applicable federal regulations, there are limits on the number of transfers or withdrawals we may process on certain deposit accounts. No more than six (6) transfers or withdrawals that are preauthorized, automatic, online, telephonic or by any means other than those made in person, may be made from certain savings accounts or money market deposit accounts to another account at the Bank or to a third party in any monthly statement cycle. If you violate the six (6) transfer or withdrawal limit three (3) times within a twelve (12) month rolling period, we will close your account and the funds in the account may be returned to you or transferred to your transaction account. Payments from money market accounts may be made by check, draft, debit card or similar order to third parties. There will be a $15.00 money market service charge if you exceed three (3) checks in a monthly statement cycle. A $4.00 per month service charge will apply when the balance drops below the $200.00 minimum daily collected available balance unless you are enrolled in a recurring direct deposit. The monthly service charge does not apply to custodial accounts. Fees could reduce earnings on the account.

 

First Tiered Money Market Account: This account is a tiered interest bearing account. At our discretion, we may change the interest rate on the account. We may change the interest rate on the account at any time. Interest begins to accrue no later than the business day we receive credit for the deposit of non-cash items (for example, checks). Interest will be compounded monthly and will be credited to the account monthly. If you close the account before interest is credited, you will not receive the accrued interest. The minimum opening deposit is $1.00. We use the daily collected balance method to calculate the interest on the account.This method applies a daily periodic rate to the principal in the account each day. Under applicable federal regulations, there are limits on the number of transfers or withdrawals we may process on certain deposit accounts. No more than six (6) transfers or withdrawals that are preauthorized, automatic, online, telephonic or by any means other than those made in person, may be made from certain savings accounts or money market deposit accounts to another account at the Bank or to a third party in any monthly statement cycle. If you violate the six (6) transfer or withdrawal limit three (3) times within a twelve (12) month rolling period, we will close your account and the funds in the account may be returned to you or transferred to your transaction account. Payments from money market accounts may be made by check, draft, debit card or similar order to third parties. There will be a $15.00 money market service charge if you exceed three (3) checks in a monthly statement cycle.  A $10 per month service charge will apply if the balance in the account drops below the $2,500.00 minimum daily collected available balance requirement. Fees could reduce earnings on the account.

 

1 Annual Percentage Yield


Certificates of Deposit

Effective Date: August 26, 2016.

Rates are Subject to Change Without Notice

Certificates of DepositInterest RateAPY 2 
60 Day.10%.10% 
91 Day.10%.10% 
6 Month.10%.10% 
12 Month.25%.25% 
14- Month Easy-Out CD.30%.30% 
18 Month Bump Rate.50%.50% 
24 Month.50%.50% 
30 Month Bump Rate.65%.65% 
36 Month.70%.70% 
48 Month1.09%1.10% 
60 Month1.24%1.25% 

 

2 Annual Percentage Yield may change without notice. The minimum balance to open the account and obtain the APY is $1,000. An early withdrawal penalty of up to twelve months loss of interest may apply. Fees could reduce earnings.

 


Retirement Investments Rates

Effective Date: August 26, 2016

Rates are Subject to Change Without Notice

Retirement InvestmentsInterest RateAPY 3 
Money Market.03%.03% 
1 Year CD.25%.25% 
2 1/2 Year CD.49%.50% 
5 Year CD1.23%1.25% 

 

3 Annual Percentage Yield may change without notice. The APY assumes that principal and interest will remain on deposit for one year. There may be a penalty for early withdrawal. Fees could reduce the earnings on the account. Minimum deposit to open a certificate of deposit and obtain the APY is $1,000. For retirement accounts, the minimum deposit to open an account is $500.

For more rate information, please call (203) 462-4400.