Current Rates
Interest Rates for Deposit Accounts
Several of First National Bank of Muscatine’s savings accounts, checking accounts and CDs are interest-bearing accounts. To see the balance requirements and interest rates associated with each account, we invite you to view our rate sheet.
Rates are effective as of January 14, 2020.
| Featured Product | INTEREST RATE | APY | BALANCE REQUIREMENTS | |
|---|---|---|---|---|
| E-NOW CHECKING1 | 0.35% | 0.35% | $50.00 Minimum to Open | |
| 11 Month CD Special2 | 1.59% | 1.60% | $2,500 Minimum to Open | |
| 24 Month RATE RISER CD Special2 | 1.74% | 1.75% | $2,500 Minimum to Open | |
| Certificates of Deposit and IRA's2 | Minimum $500 | Relationship Bonus3 | ||
| Interest Rate | APY | Interest Rate | APY | |
| 90 Days | 0.50% | 0.50% | 0.65% | 0.65% |
| 6 Months | 0.70% | 0.70% | 0.85% | 0.85% |
| 12 Months | 0.95% | 0.95% | 1.10% | 1.10% |
| 18 Months | 1.10% | 1.10% | 1.24% | 1.25% |
| 24 Months | 1.49% | 1.50% | 1.64% | 1.65% |
| 30 Months | 1.69% | 1.70% | 1.84% | 1.85% |
| 48 Months | 1.69% | 1.70% | 1.84% | 1.85% |
| 60 Months | 1.79% | 1.80% | 1.94% | 1.95% |
| Personal Premier Money Market4 | interest rate | apy | ||
| $200,000 AND OVER | 1.00% | 1.00% | ||
| $100,000 - $199,999 | 1.00% | 1.00% | ||
| $25,000 - $99,999 | 0.50% | 0.50% | ||
| $0 - $24,999 | 0.20% | 0.20% | ||
| Other Accounts | interest rate | apy | ||
| Interest Checking5 | 0.10% | 0.10% | ||
| Personal Savings Account6 | 0.20% | 0.20% | ||
| First Time Homebuyer Savings Account6 | 0.50% | 0.50% | ||
| Christmas Club7 | 0.25% | 0.25% | ||
| Roth & Traditional IRA ACCOUNTB | 0.50% | 0.50% | ||
| Youth Savings Account6 | 0.35% | 0.35% | ||
| Health Savings AccountA | 0.50% | 0.50% | ||
Investment Terms and Conditions
- E-NOW Checking Account minimum to open $50. To obtain the stated APY, you must enroll for electronic statements (e-statements) and initiate at least 20 transactions with your Visa debit card tied to this account each statement cycle. Fees could reduce earnings.
- An early withdrawal penalty may be imposed. Yields are based on quarterly compounding with the exception of the 6 month CD. 6 month yield based on semi-annual compounding. Minimum deposit $500.00 unless stated otherwise for specials noted above.
- Relationship Bonus is calculated by adding 0.05% to the APY for a First National Bank checking account; 0.05% to the APY for a First National Bank of Muscatine savings or money market account; 0.05% to the APY for a home loan or personal loan. Relationship Bonus does not apply to Specials/Featured Products.
- Personal Premier Money Market minimum to open $2500.00. Fees could reduce earnings.
- Interest Checking minimum to open $50. Minimum average daily balances of $2000.00 required to earn interest. Fees could reduce earnings.
- Personal Savings Account and First Time Homebuyer Savings Account minimum to open $100. Minimum daily balance to earn interest $100. Youth Savings Account minimum to open $10. Fees could reduce earnings.
- Christmas Savings Club minimum to open $10. Interest paid at maturity. Loss of accrued interest if closed prior to maturity. Fees could reduce earnings. Maturity is October 24th each year. Term varies based on opening date.
- Health Savings Accounts have no minimum opening balance requirements. Fees could reduce earnings.
- IRA Accounts minimum to open $100. Interest compounded monthly. Contribution limits are according to your income. Fees could reduce earnings.
For all accounts other than Certificates of Deposit: The rate may change after the account is opened.
APY = Annual Percentage Yield
Member FDIC