First Citizens Bank savings and CD rates
First Citizens Bank advertises up to 3.42% APY on its Platinum Savings account. The 3.42% needs a balance of at least $5,000,000. Below that, the account advertises 0.00%.
On a $10,000 balance the account earns 0.25% overall, about $25 in a year, which is 0.13 percentage points below the national savings average of 0.38% (FDIC, Aug 2026).
Ranked #142 of 1600 tracked savings rates by advertised APY. For a $10,000 balance it would rank #676.
Estimate your earnings·What First Citizens Bank actually pays
First Citizens Bank at a glance
| Savings | |
|---|---|
| Top savings APY | Up to 3.42% · Platinum Savings · needs at least $5,000,000 |
| Minimum to open | $0 · Platinum Savings |
| Against the national average | 3.04 percentage points above the 0.38% FDIC savings average (Aug 2026) |
| CDs | |
| Top CD APY | 3.55% · 48 months · 48-Month CD |
| Minimum to open | $1,000 · 48 months CD |
| Against the national average | 2.28 percentage points above the 1.27% FDIC 48-month CD average (Aug 2026) |
| FDIC certificate | 4433 · Mason City, IA |
|---|---|
| Website | www.myfcb.bank |
| Branches | 7 branches in IA, MN |
| Availability | Available in IA, MN |
First Citizens Bank savings and CD rates
How the rate applies
Rates are APY. The national savings average is 0.38% (FDIC, Aug 2026). The top tracked savings rate on Banksparency is 5.50%. Across 59 savings accounts from 58 banks in the Banksparency core savings index, the median advertised rate is 3.52%, and one account in ten advertises 4.01% or more. See the highest savings rates.
First Citizens Bank CD rates
| Term | APY | Minimum | Product |
|---|---|---|---|
| 6 months | 3.33% | $1,000 | 6-Month CD |
| 12 months | 3.29% | $1,000 | 12-Month CD |
| 18 months | 3.19% | $1,000 | 18-Month CD |
| 24 months | 3.03% | $1,000 | 24-Month CD |
| 36 months | 3.55% | $1,000 | 36-Month CD |
| 48 months | 3.55% | $1,000 | 48-Month CD |
| 60 months | 3.55% | $1,000 | 60-Month CD |
Interactive Tool
Calculate Savings for First Citizens Bank
All calculations are based on APY.
Tiered rates: 0.00% to 3.42% APY across 8 balance tiers.
Savings Breakdown
- Interest Earned+$46.00(0.3%)
- Total Contributions$13,000
- Initial Deposit$1,000
Projected Balance
$14,046.00
The Banksparency Savings Calculator provides estimated savings growth based on user input and our latest data.
What First Citizens Bank 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 3.42% needs a balance of at least $5,000,000. Below that, the account advertises 0.00%.
In Q2 2026, First Citizens Bank paid a higher average rate on savings and money market deposits than 62% of banks that reported a figure (3,938 banks; FDIC call report). The all-bank median was 1.45%.
- First Citizens Bank, 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 3,938 banks that reported a figure for the quarter ending June 30, 2026.
So what is the catch?
| Product | APY | Min to open | Min to earn | Balance cap | Monthly fee | Requirements | Rate type | 12-mo trend |
|---|---|---|---|---|---|---|---|---|
| Platinum Savings | 3.42% | $0 | $0 | None | not stated | not stated | Tiered | |
| Power Savers | 0.03% | $5 | $0 | None | not stated | not stated | One rate | |
| Christmas Club | 0.03% | $0 | $0 | $5,000 | not stated | not stated | One rate | |
| Basic Savings | 0.03% | $0 | $0 | None | not stated | not stated | One rate |
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 |
|---|---|---|---|---|---|
| 6-Month CD | 6 months | 3.33% | $1,000 | not stated | not stated |
| 12-Month CD | 12 months | 3.29% | $1,000 | not stated | not stated |
| 18-Month CD | 18 months | 3.19% | $1,000 | not stated | not stated |
| 24-Month CD | 24 months | 3.03% | $1,000 | not stated | not stated |
| 36-Month CD | 36 months | 3.55% | $1,000 | not stated | not stated |
| 48-Month CD | 48 months | 3.55% | $1,000 | not stated | not stated |
| 60-Month CD | 60 months | 3.55% | $1,000 | not stated | not stated |
Opening and using the account
| Availability | Available in IA, MN |
|---|---|
| Footprint | 7 branches in IA, MN |
| Eligibility | not stated |
How First Citizens Bank behaves over time
- 12-month high
- 3.45%
- 12-month low
- 3.42%
- Advertised now
- 3.42%
- 0.03 percentage points below the 12-month high
The advertised Platinum Savings rate, observed through Sep 19, 2026. The series includes promotional tiers where one applied.
- Platinum Savings
- Down 0.03 percentage points from 7 days ago.
- 48 months CD
- The same as 7 days ago.
- Rate last changed
- Sep 16, 2026(effective date)
$10,000 at the 3.42% APY First Citizens Bank advertises on Platinum Savings grows to $10,342 in a year. Prices rose 3.4% in the year to August 2026 (Consumer Price Index (CPI)). After a year of prices rising at that pace, it buys as much as $10,002 does today. See how the federal funds rate shapes savings rates.
- Platinum Savings APY
- Banksparency savings index
First Citizens Bank CD rates over time
Who is First Citizens Bank?
| Headquarters | Mason City, IA |
|---|---|
| Founded | 1892 |
| Scale | $1.8B assets · $1.6B deposits, $1.4B of it interest-bearing (Q2 2026, FDIC) |
| Deposit insurance | FDIC insured · Certificate 4433 |
Financial detail is in What First Citizens Bank pays on deposits above.
Common questions about First Citizens Bank
Is First Citizens Bank FDIC insured?
Yes. First Citizens Bank is FDIC insured under certificate 4433, so deposits are covered up to $250,000 per depositor, per ownership category.
What is the minimum deposit at First Citizens Bank?
First Citizens Bank requires no minimum deposit to open its Platinum Savings account, as observed on Sep 19, 2026. Check the bank's current terms before you open an account.
Does the 3.42% apply to my whole balance?
The 3.42% needs a balance of at least $5,000,000. Below that, the account advertises 0.00%. Rates are as observed on Sep 19, 2026.
Does First Citizens Bank have branches?
Yes. First Citizens Bank operates 7 branches according to FDIC branch records, in addition to its website and mobile apps.
First Citizens Bank against its closest alternatives
| Bank | Savings APY | Rate paid on savings and money market deposits (Q2 2026) | Min deposit | Branches |
|---|---|---|---|---|
| First Citizens Bank | 3.42% | 1.74% | $0 | 7 branches in IA, MN |
| InFirst Bank | 3.43% | 1.90% | $2,500 | 11 branches in PA |
| RBMAX | 3.40% | 2.14% | $10 | not stated |
| SmartyPig | 3.40% | 3.75% | $0 | not stated |
Alternatives are the three tracked banks whose highest savings APY is closest to First Citizens Bank's.
Similar banks and rate hubs
Banks in the same rate band with the same product mix:
Rate hubs: today's highest savings rates, and CD rates by term.