Grow Your Investment for the Years Ahead
CD Benefits You Won’t Easily Find Elsewhere
You need the right bank to help you move your money forward. Our unique Certificates of Deposits (CDs) are designed to help you make the most out of your money. CDs offer you flexibility and stability to grow your money fast. Our personal banking team has the experience and knowledge to make sure that you are getting the best product for your needs.
Certificate of Deposit (CD) Specials*
Specials and rates accurate 9/19/2024.
*Earnings will be compounded or paid electronically only.
24-Month Variable CD
- $25,000 minimum deposit
- 4.94% variable APY (Cap of 8.5% and minimum of 2.5%)
- 1-time deposit of additional funds can be made with a minimum amount of $1,000 during the term
- 1-time withdrawal provision of up to 50% of the original balance without penalty
Why Open a 24-month Variable CD with FIB?
- Most CDs have a fixed-rate, which means that the interest rate when you first buy a certificate of deposit is the same for the term of your CD. But if interest rates go up after you buy a fixed-rate CD, you miss out on the higher return those higher interest rates would have provided if you’d waited to buy.
- First Independent Bank's variable-rate CDs allow the interest rate to fluctuate up and down based on various factors in the financial markets. This allows us to offer you higher rates, even after you open a variable CD.
7-Month CD
- $2,500 minimum deposit
- Interest rate of 4.42%, 4.5% APY
- Shorter deposit time allows for faster access to money
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