Bank First, N.A. savings, CD and money market rates
Bank First, N.A.'s Investment Savings lists 0.00% to 3.00% APY on balances under $250,000, and 3.35% from $250,000. That is 2.97 percentage points above the national savings average of 0.38% (FDIC, Oct 2026).
The rate needs a linked account at the bank. Direct deposit is required.
Ranked #233 of 3121 tracked savings rates by advertised APY.
Bank First, N.A. at a glance
| Savings | |
|---|---|
| Top savings APY | 3.35% · Investment Savings · needs at least $250,000 · needs a linked account at the bank · requires direct deposit |
| Minimum to open | $50,000 · Investment Savings |
| Against the national average | 2.97 percentage points above the 0.38% FDIC savings average (Oct 2026) |
| CDs | |
| Top CD APY | 4.18% · 35 months · 35 Month CD Special · needs a linked account at the bank |
| Minimum to open | $5,000 · 35 months CD |
| Against the national average | 2.79 percentage points above the 1.39% FDIC 36-month CD average (Oct 2026) |
| Money market | |
| Top money market APY | Up to 1.92% · Money Market Elite · needs at least $100,000 |
| Minimum to open | $0 · Money Market Elite |
| Against the national average | 1.29 percentage points above the 0.63% FDIC money market average (Oct 2026) |
| FDIC certificate | 5304 · Manitowoc, WI |
|---|---|
| Website | www.bankfirst.com |
| Branches | 38 branches in IL, WI |
| Availability | Available in IL, WI |
Bank First, N.A. savings, CD and money market rates
Personal
How the rate applies
How the rate applies
How the rate applies
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How the rate applies
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How the rate applies
IRA
How the rate applies
Business
How the rate applies
How the rate applies
How the rate applies
Rates are annual percentage yields (APY). A variable rate may change after the account is opened. Fees could reduce the earnings on the account. A penalty may be imposed for early withdrawal.
The national savings average is 0.38% (FDIC, Oct 2026). The top tracked savings rate on Banksparency is 12.00%. Across 59 savings accounts from 58 banks in the Banksparency core savings index, the median advertised rate is 3.66%, and one account in ten advertises 4.20% or more. See the highest savings rates.
Bank First, N.A. CD rates
| Term | APY | Minimum | Product |
|---|---|---|---|
| Personal CDs | |||
| 6 months | 2.28% | $1,000 | 6 Month CD |
| 7 months | 3.75%That 3.75% is a promotional rate. | $5,000 | 7 Month CD Special |
| 11 months | 3.85%That 3.85% is a promotional rate. | $5,000 | 11 Month CD Special |
| 12 months | 2.28% | $1,000 | 12 Month CD |
| 18 months | 2.28% | $1,000 | 18 Month CD |
| 23 months | 4.10%That 4.10% is a promotional rate. | $5,000 | 23 Month CD Special |
| 24 months | 2.28% | $1,000 | 24 Month CD |
| 35 months | 4.18%That 4.18% is a promotional rate. | $5,000 | 35 Month CD Special |
| 36 months | 2.28% | $1,000 | 36 Month CD |
| 48 months | 2.28% | $1,000 | 48 Month CD |
| 60 months | 2.28% | $1,000 | 60 Month CD |
| Business CDs | |||
| 7 months | 3.65%That 3.65% is a promotional rate. | $5,000 | 7 Month Business CD Special |
| 11 months | 3.75%That 3.75% is a promotional rate. | $5,000 | 11 Month Business CD Special |
| 23 months | 4.00%That 4.00% is a promotional rate. | $5,000 | 23 Month Business CD Special |
| 35 months | 4.08%That 4.08% is a promotional rate. | $5,000 | 35 Month Business CD Special |
Interactive Tool
Calculate Savings for Bank First, N.A.
All calculations are based on APY.
Tiered rates: 0.00% to 3.35% APY across 4 balance tiers.
Savings Breakdown
- Interest Earned+$7,400.40(10.5%)
- Total Contributions$13,000
- Initial Deposit$50,000
Projected Balance
$70,400.40
The Banksparency Savings Calculator provides estimated savings growth based on user input and our latest data.
What Bank First, N.A. pays on deposits
FDIC call report data
An advertised rate tells you what a new savings account earns today. It cannot tell you how the bank has priced the savings and money market deposits it already holds, over time. This section shows that. The figure is computed from the interest expense and deposit balances that every bank files with the FDIC in the same form. That is what makes it comparable across banks and across quarters.
The two figures answer different questions, so they sit side by side and are not combined. The 3.35% needs a balance of at least $250,000. Below that, the account advertises 0.00%.
In Q2 2026, Bank First, N.A. paid a higher average rate on savings and money market deposits than 59% of banks that reported a figure (FDIC call report). The all-bank median was 1.45%.
- Bank First, N.A., savings and money market
- All-bank median
How to read these figures
What the average covers. It is an average across the whole bank, taken from its own quarterly FDIC call report. It covers savings accounts and money market deposit accounts, personal and business, at every balance tier. It also covers accounts that were opened years ago and keep the rate of those years. The FDIC line does not separate consumer accounts.
The second figure. The scale row also shows the average across all interest-bearing deposits: savings, interest checking, money market accounts, CDs, personal and business. That figure covers the whole deposit book. The two are shown separately and are not combined.
What the advertised rate covers. It is the rate that this bank advertises now for a new savings account. Banksparency records it from the bank's website on the date shown beside it.
Why the two differ. They measure different things, so this page shows them side by side and keeps them apart. An advertised rate applies to one account, opened now, at today's price. The average also includes older savings balances at the rates of earlier years, money market balances that were priced in a different rate environment, and business accounts. An average below an advertised rate is the usual result of that arithmetic. On its own it is not evidence about the account that you would open.
What the average is useful for. The bank files the data itself, under reporting instructions that are the same for every filer, and the same computation runs for every bank on this site. That makes it comparable in a way that an advertisement is not. Two things on this page read it: the percentile, which shows where the quarter sits among all filers, and the chart, which shows the direction the figure has moved across quarters.
What the average cannot tell you. It cannot tell you the rate that you would earn. No single customer earns the average. For your rate, read the advertised rate above and the rate tables on this page, each with the date it was observed.
What to do next. Use the advertised rate to work out what a new account earns. Use the chart to see how the quarterly average has moved against the all-bank median. Then compare the advertised rate against the current rates on the savings-rate tables before you open an account.
Definitions: Call Report · Rate Paid on Deposits · Interest-Bearing Deposits · Front Book and Back Book · Deposit Rate Percentile
Average annualized rates paid on savings and money market deposits, and on all interest-bearing deposits, quarterly. The FDIC line for savings includes money market deposit accounts and business savings deposits and does not separate consumer accounts. Source: FDIC call report data, as reported; it may be amended. The percentile compares all FDIC filers, count-weighted. A missing quarter is suppressed, never interpolated. The percentile counts the banks that paid strictly less on savings and money market deposits, one vote per bank, among the banks that reported a figure for the quarter.
So what is the catch?
| Product | APY | Min to open | Min to earn | Balance cap | Monthly fee | Requirements | Rate type | 12-mo trend |
|---|---|---|---|---|---|---|---|---|
| Personal | ||||||||
| Investment Savings | 3.35% | $50,000 | $0 | None | not stated | Direct deposit · Linked account at the bank | Tiered | |
| Fine print: A personal Bank First checking account with direct deposit is required to maintain this account. Debit transactions are limited to three per quarterly statement cycle. | ||||||||
| Savings Elite | Up to 1.66% | $0 | $0 | None | not stated | Direct deposit · Linked account at the bank | Tiered | |
| Fine print: An active Bank First checking account with direct deposit is required. Debit transactions are limited to ten per statement cycle when statements are monthly and thirty when statements are quarterly. | ||||||||
| Health Savings Account | Up to 0.50% | $0 | $0 | None | not stated | not stated | Tiered | |
| Kids' Club | 0.30% | $0 | $0 | None | not stated | not stated | Tiered | |
| Fine print: Available to kids under the age of 18. At age 18 the account converts to a First Savings account. A $10.00 birthday account credit is given once a year when redeemed at a Bank First office within 60 days of the child's birthday. | ||||||||
| First Savings | Up to 0.25% | $0 | $0 | None | not stated | not stated | Tiered | |
| Holiday Savings | Up to 0.20% | $0 | $0 | None | not stated | not stated | Tiered | |
| Fine print: Funds are distributed at the start of the holiday shopping season. | ||||||||
| Money Market Elite | Up to 1.92% | $0 | $0 | None | not stated | not stated | Tiered | |
| Money Market | Up to 0.15% | $0 | $0 | None | not stated | not stated | Tiered | |
| IRA | ||||||||
| IRA Savings | Up to 0.40% | $0 | $0 | None | not stated | not stated | Tiered | |
| Business | ||||||||
| Business Money Market Elite | Up to 1.26% | $0 | $0 | None | not stated | not stated | Tiered | |
| First Savings Business | Up to 0.20% | $0 | $0 | None | not stated | not stated | Tiered | |
| Fine print: Up to 75 debit and 75 credit transactions are allowed per quarterly statement cycle. Each transaction above these limits has a $0.25 fee. | ||||||||
| Business Money Market | Up to 0.15% | $0 | $0 | None | not stated | not stated | Tiered | |
Rate type: one rate applies at every balance. A tiered rate changes with your balance. A promotional rate changes after the period shown. A balance cap is the largest balance the highest rate applies to.
The 12-month trend shows the highest advertised rate observed each day and includes promotional tiers where one applied.
CDs
| Product | Term | APY | Min to open | Early withdrawal fee | Compounding |
|---|---|---|---|---|---|
| Personal CDs | |||||
| 6 Month CD | 6 months | 2.28% | $1,000 | not stated | not stated |
| 7 Month CD Special | 7 months | 3.75% | $5,000 | not stated | not stated |
| 11 Month CD Special | 11 months | 3.85% | $5,000 | not stated | not stated |
| 12 Month CD | 12 months | 2.28% | $1,000 | not stated | not stated |
| 18 Month CD | 18 months | 2.28% | $1,000 | not stated | not stated |
| 23 Month CD Special | 23 months | 4.10% | $5,000 | not stated | not stated |
| 24 Month CD | 24 months | 2.28% | $1,000 | not stated | not stated |
| 35 Month CD Special | 35 months | 4.18% | $5,000 | not stated | not stated |
| 36 Month CD | 36 months | 2.28% | $1,000 | not stated | not stated |
| 48 Month CD | 48 months | 2.28% | $1,000 | not stated | not stated |
| 60 Month CD | 60 months | 2.28% | $1,000 | not stated | not stated |
| Business CDs | |||||
| 7 Month Business CD Special | 7 months | 3.65% | $5,000 | not stated | not stated |
| 11 Month Business CD Special | 11 months | 3.75% | $5,000 | not stated | not stated |
| 23 Month Business CD Special | 23 months | 4.00% | $5,000 | not stated | not stated |
| 35 Month Business CD Special | 35 months | 4.08% | $5,000 | not stated | not stated |
Fine print for 8 CDs above: Limited-time CD special. An active Bank First checking account with direct deposit is required to obtain CD specials.
Opening and using the account
| Availability | Available in IL, WI |
|---|---|
| Footprint | 38 branches in IL, WI |
| Eligibility | not stated |
How Bank First, N.A. behaves over time
Every observation of the advertised Investment Savings rate in the last 12 months was 3.35% (observed through Oct 28, 2026). The series includes promotional tiers where one applied.
- Investment Savings
- The same as 7 days ago.
- 35 months CD
- The same as 7 days ago.
- Rate last changed
- Oct 17, 2026(effective date)
$10,000 at the 3.35% APY Bank First, N.A. advertises on Investment Savings grows to $10,335 in a year. Prices rose 3.7% in the year to September 2026 (Consumer Price Index (CPI)). After a year of prices rising at that pace, it buys as much as $9,962 does today. The top rate requires direct deposit. See how the federal funds rate shapes savings rates.
Bank First, N.A. CD rates over time
Who is Bank First, N.A.?
| Headquarters | Manitowoc, WI |
|---|---|
| Founded | 1894 |
| Scale | $5.9B assets · $5.0B deposits, $3.5B of it interest-bearing (Q2 2026, FDIC) |
| Deposit insurance | FDIC insured · Certificate 5304 |
| Charter state | Wisconsin · one of 154 insured banks chartered there (Q2 2026, FDIC) |
| Size | 245th-largest by deposits of 4,238 insured banks (Q2 2026, FDIC) |
Financial detail is in What Bank First, N.A. pays on deposits above.
Common questions about Bank First, N.A.
Is Bank First, N.A. FDIC insured?
Yes. Bank First, N.A. is FDIC insured under certificate 5304, so deposits are covered up to $250,000 per depositor, per ownership category.
What is the minimum deposit at Bank First, N.A.?
Bank First, N.A. requires a minimum deposit of $50,000 to open its Investment Savings account, as observed on Oct 28, 2026. Check the bank's current terms before you open an account.
Does the 3.35% apply to my whole balance?
The 3.35% needs a balance of at least $250,000. Below that, the account advertises 0.00%. The rate needs a linked account at the bank. Direct deposit is required.
Does Bank First, N.A. have branches?
Yes. Bank First, N.A. operates 38 branches according to FDIC branch records, in addition to its website and mobile apps.
Bank First, N.A. against its closest alternatives
| Bank | Savings APY | Rate paid on savings and money market deposits (Q2 2026) | Min deposit | Branches |
|---|---|---|---|---|
| Bank First, N.A. | 3.35% | 1.68% | $50,000 | 38 branches in IL, WI |
| Ameriprise Bank | Up to3.35% | 0.22% | $100 | None for this account (online only) |
| Liberty Bank | Up to3.35% | 2.13% | $25 | 51 branches in CT, MA |
| MySavingsDirect | 3.35% | 3.10% | $0 | not stated |
Each savings APY is the top rate of the account the bank's own page leads with. Alternatives are the three tracked banks whose savings APY is closest to Bank First, N.A.'s.
Similar banks and related pages
Banks in the same rate band with the same product mix:
Other banks chartered in Wisconsin, nearest to Bank First, N.A. in deposits:
Rate hubs: today's highest savings rates, CD rates by term, and money market rates.
State pages: savings rates in Wisconsin, money market rates in Wisconsin, banks in Wisconsin, and savings rates in Illinois.