CD & IRA Options from First Independent Bank
See our interest rates and options below. Terms of 7 months or more compound quarterly.
Annual Percentage Yield is accurate as of 7/01/2024 - Subject to change.
Term |
Minimum Deposit |
Interest Rate |
Annual Percentage Yield |
Penalty for Early Withdrawal |
| 3 Month | $2,500 | 1.50% | 1.51% | 91 Days Interest |
| 6 Month | $2,500 | 1.50% | 1.51% | 91 Days Interest |
| 7 Month Special | $2,500 | 4.42% | 4.50% | 91 Days Interest |
| 12 Month | $1,000 | 1.50% | 1.51% | 91 Days Interest |
| 13 Month Special | $1000 | 4.00% | 4.06% | 182 Days Interest |
| 18 Month | $1000 | 1.50% | 1.51% | 182 Days Interest |
| 24 Month Variable Special | $25,000 | 5.35% | 5.46% | 182 Days Interest |
| 27 Month Special | $1000 | 3.70% | 3.75% | 182 Days Interest |
| 30 Month | $1000 | 1.50% | 1.51% | 182 Days Interest |
| 48 Month | $1000 | 1.71% | 1.72% | 182 Days Interest |
| 48 Month IRA Fixed | $1000 | 3.94% | 4.00% | 182 Days Interest |
**The 24 Month Variable CD can be added to one time during the current term at a minimum of $1,000.
**Interest rate is based on WSJ Prime minus a margin of 3.15%. Rate will never be more than 8.5% or less than 2.5%. Rate can change at any time.
About CD/IRA Options
At First Independent Bank, we have the CD and IRA options that will help you get the most out of your savings.
Whether short, intermediate, or long-term, we have the Certificates of Deposit and Individual Retirement Account options that will help you get the most out of your savings.
Find out how we are equipped to make your money work for you.
Which is right for you?
That's where First Independent Bank's local experts come in. We are happy to go over all your options and find the right mix of return on investment and liquidity that fits your unique financial situation.
Checking/Savings Interest Rates
Interest Rate Disclosure:
At our discretion, we may change the interest rate on these accounts. Fees could reduce earnings on these accounts.
A copy of the current rate sheet will be provided to you upon initial account opening (or at any time upon request)