First Independent Bank savings rates
First Independent Bank advertises 1.00% APY on its Free Kasasa Saver account. That is 0.63 percentage points above the national savings average of 0.37% (FDIC, Sep 2026).
A checking account at the bank is required.
Ranked #721 of 2767 tracked savings rates by advertised APY. For a $10,000 balance it would rank #511.
Estimate your earnings·What First Independent Bank actually pays
First Independent Bank at a glance
| Savings | |
|---|---|
| Top savings APY | 1.00% · Free Kasasa Saver · checking account required |
| Minimum to open | $50 · Free Kasasa Saver |
| Against the national average | 0.63 percentage points above the 0.37% FDIC savings average (Sep 2026) |
| FDIC certificate | 18380 · Aurora, MO |
|---|---|
| Website | www.fibaurora.com |
| Branches | 1 branch in MO |
| Availability | Available in MO |
First Independent Bank savings rates
How the rate applies
Rates are APY. The national savings average is 0.37% (FDIC, Sep 2026). The top tracked savings rate on Banksparency is 5.50%. Across 60 savings accounts from 59 banks in the Banksparency core savings index, the median advertised rate is 3.66%, and one account in ten advertises 4.16% or more. See the highest savings rates.
Interactive Tool
Calculate Savings for First Independent Bank
All calculations are based on APY.
Savings Breakdown
- Interest Earned+$377.30(2.6%)
- Total Contributions$13,000
- Initial Deposit$1,000
Projected Balance
$14,377.30
The Banksparency Savings Calculator provides estimated savings growth based on user input and our latest data.
What First Independent 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.
In Q2 2026, First Independent Bank paid a higher average rate on savings and money market deposits than 6% of banks that reported a figure (FDIC call report). The all-bank median was 1.45%.
- First Independent 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 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 |
|---|---|---|---|---|---|---|---|---|
| Free Kasasa Saver | 1.00% | $50 | $0 | None | not stated | Checking account | Tiered | not enough history |
| Fine print: Rate applies when the account's monthly qualifications are met. Otherwise the account pays a lower base rate. Requires a Kasasa Cash or Kasasa Cash Back checking account. | ||||||||
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.
Opening and using the account
| Availability | Available in MO |
|---|---|
| Footprint | 1 branch in MO |
| Eligibility | not stated |
How First Independent Bank behaves over time
- Rate last changed
- Sep 30, 2026(effective date)
$10,000 at the 1.00% APY First Independent Bank advertises on Free Kasasa Saver grows to $10,100 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 $9,768 does today. See how the federal funds rate shapes savings rates.
Who is First Independent Bank?
| Headquarters | Aurora, MO |
|---|---|
| Founded | 1906 |
| Scale | $148M assets · $131M deposits, $100M of it interest-bearing (Q2 2026, FDIC) |
| Deposit insurance | FDIC insured · Certificate 18380 |
| Charter state | Missouri · one of 194 insured banks chartered there (Q2 2026, FDIC) |
| Size | 3,255th-largest by deposits of 4,238 insured banks (Q2 2026, FDIC) |
| Deposit growth | Higher than at 57% of 4,226 insured banks over the four quarters to Q2 2026 (FDIC) |
Financial detail is in What First Independent Bank pays on deposits above.
Common questions about First Independent Bank
Is First Independent Bank FDIC insured?
Yes. First Independent Bank is FDIC insured under certificate 18380, so deposits are covered up to $250,000 per depositor, per ownership category.
What is the minimum deposit at First Independent Bank?
First Independent Bank requires a minimum deposit of $50 to open its Free Kasasa Saver account, as observed on Sep 30, 2026. Check the bank's current terms before you open an account.
Does First Independent Bank have branches?
Yes. First Independent Bank operates 1 branch according to FDIC branch records, in addition to its website and mobile apps.
First Independent Bank against its closest alternatives
| Bank | Savings APY | Rate paid on savings and money market deposits (Q2 2026) | Min deposit | Branches |
|---|---|---|---|---|
| First Independent Bank | 1.00% | 0.23% | $50 | 1 branch in MO |
| American Bank & Trust Company, Inc. | 1.00% | 2.87% | $100 | 6 branches in KY |
| American State Bank | 1.00% | 2.47% | $100 | 5 branches in TX |
| Anahuac National Bank | 1.00% | 0.88% | $50 | 5 branches in TX |
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 First Independent Bank's.
Similar banks and related pages
Banks in the same rate band with the same product mix:
Other banks chartered in Missouri, nearest to First Independent Bank in deposits:
Rate hubs: today's highest savings rates.
State pages: banks in Missouri.