First National Bank of Scotia savings, CD and money market rates
First National Bank of Scotia advertises 0.25% APY on its Young Savers account. That is 0.12 percentage points below the national savings average of 0.37% (FDIC, Sep 2026).
Ranked #1249 of 2413 tracked savings rates by advertised APY. For a $10,000 balance it would rank #1076.
Estimate your earnings·What First National Bank of Scotia actually pays
First National Bank of Scotia at a glance
| Savings | |
|---|---|
| Top savings APY | 0.25% · Young Savers |
| Minimum to open | $5 · Young Savers |
| Against the national average | 0.12 percentage points below the 0.37% FDIC savings average (Sep 2026) |
| CDs | |
| Top CD APY | 3.75% · 9 months · Relationship / New Money Special 9 Month CD |
| Minimum to open | $2,500 · 9 months CD |
| Money market | |
| Top money market APY | Up to 2.31% · Tiered Money Market Account · needs at least $1,500,000 |
| Minimum to open | $10,000 · Tiered Money Market Account |
| Against the national average | 1.68 percentage points above the 0.63% FDIC money market average (Sep 2026) |
| FDIC certificate | 11501 · Scotia, NY |
|---|---|
| Website | www.firstscotia.com |
| Branches | 10 branches in NY |
| Availability | Available in NY |
First National Bank of Scotia savings, CD and money market rates
Personal
How the rate applies
How the rate applies
IRA
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 3.65%, and one account in ten advertises 4.02% or more. See the highest savings rates.
First National Bank of Scotia CD rates
| Term | APY | Minimum | Product |
|---|---|---|---|
| Personal CDs | |||
| 1 months | 0.80% | $2,500 | 30 Day Certificate |
| 3-5 months | 0.80% | $2,500 | 90 Day Certificate |
| 6-11 months | 2.76% | $2,500 | 180 Day Certificate |
| 9 months | 3.75% | $2,500 | Relationship / New Money Special 9 Month CD |
| 12-17 months | 2.82% | $500 | 1 Year Certificate |
| 24 months | 2.85% | $500 | 24 Month Certificate |
| 36 months | 2.90% | $500 | 36 Month Certificate |
| 48 months | 2.94% | $500 | 48 Month Certificate |
| 60 months | 2.97% | $500 | 60 Month Certificate |
| IRA CDs | |||
| 9 months | 3.75% | $2,500 | Relationship / New Money Special 9 Month IRA CD |
| 12 months | 1.03% | $50 | 1 Year Variable Rate IRA Savings |
| 12-17 months | 2.82% | $500 | 1 Year IRA Certificate |
| 24 months | 2.85% | $500 | 24 Month IRA Certificate |
| 36 months | 2.90% | $500 | 36 Month IRA Certificate |
| 48 months | 2.94% | $500 | 48 Month IRA Certificate |
| 60 months | 2.97% | $500 | 60 Month IRA Certificate |
Interactive Tool
Calculate Savings for First National Bank of Scotia
All calculations are based on APY.
Tiered rates: 0.15% to 0.61% APY across 4 balance tiers.
Savings Breakdown
- Interest Earned+$187.00(1.3%)
- Total Contributions$13,000
- Initial Deposit$1,000
Projected Balance
$14,187.00
The Banksparency Savings Calculator provides estimated savings growth based on user input and our latest data.
What First National Bank of Scotia 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 National Bank of Scotia paid a higher average rate on savings and money market deposits than 38% of banks that reported a figure (FDIC call report). The all-bank median was 1.45%.
- First National Bank of Scotia, 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 |
|---|---|---|---|---|---|---|---|---|
| Health Savings Account | 0.61% | not stated | $0 | None | not stated | not stated | Tiered | |
| Young Savers | 0.25% | $5 | $0 | None | not stated | not stated | One rate | |
| Day of Deposit Savings | 0.20% | $25 | $0 | None | not stated | not stated | One rate | |
| Club Accounts | 0.10% | $1 | $0 | None | not stated | not stated | One rate | |
| Tiered Money Market Account | 2.31% | $10,000 | $2,500 | 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 | |||||
| 30 Day Certificate | 1 months | 0.80% | $2,500 | not stated | not stated |
| 90 Day Certificate | 3-5 months | 0.80% | $2,500 | not stated | not stated |
| 180 Day Certificate | 6-11 months | 2.76% | $2,500 | not stated | not stated |
| Relationship / New Money Special 9 Month CD | 9 months | 3.75% | $2,500 | not stated | not stated |
| 1 Year Certificate | 12-17 months | 2.82% | $500 | not stated | not stated |
| 24 Month Certificate | 24 months | 2.85% | $500 | not stated | not stated |
| 36 Month Certificate | 36 months | 2.90% | $500 | not stated | not stated |
| 48 Month Certificate | 48 months | 2.94% | $500 | not stated | not stated |
| 60 Month Certificate | 60 months | 2.97% | $500 | not stated | not stated |
| IRA CDs | |||||
| Relationship / New Money Special 9 Month IRA CD | 9 months | 3.75% | $2,500 | not stated | not stated |
| 1 Year Variable Rate IRA Savings | 12 months | 1.03% | $50 | not stated | not stated |
| 1 Year IRA Certificate | 12-17 months | 2.82% | $500 | not stated | not stated |
| 24 Month IRA Certificate | 24 months | 2.85% | $500 | not stated | not stated |
| 36 Month IRA Certificate | 36 months | 2.90% | $500 | not stated | not stated |
| 48 Month IRA Certificate | 48 months | 2.94% | $500 | not stated | not stated |
| 60 Month IRA Certificate | 60 months | 2.97% | $500 | not stated | not stated |
Opening and using the account
| Availability | Available in NY |
|---|---|
| Footprint | 10 branches in NY |
| Eligibility | not stated |
How First National Bank of Scotia behaves over time
Every observation of the advertised Young Savers rate in the last 12 months was 0.25% (observed through Sep 23, 2026). The series includes promotional tiers where one applied.
$10,000 at the 0.25% APY First National Bank of Scotia advertises on Young Savers grows to $10,025 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 $9,695 does today. See how the federal funds rate shapes savings rates.
First National Bank of Scotia CD rates over time
Who is First National Bank of Scotia?
| Headquarters | Scotia, NY |
|---|---|
| Founded | 1923 |
| Scale | $719M assets · $632M deposits, $451M of it interest-bearing (Q2 2026, FDIC) |
| Deposit insurance | FDIC insured · Certificate 11501 |
| Charter state | New York · one of 107 insured banks chartered there (Q2 2026, FDIC) |
| Size | 1,310th-largest by deposits of 4,238 insured banks (Q2 2026, FDIC) |
| Deposit growth | Higher than at 44% of 4,226 insured banks over the four quarters to Q2 2026 (FDIC) |
Financial detail is in What First National Bank of Scotia pays on deposits above.
Common questions about First National Bank of Scotia
Is First National Bank of Scotia FDIC insured?
Yes. First National Bank of Scotia is FDIC insured under certificate 11501, so deposits are covered up to $250,000 per depositor, per ownership category.
What is the minimum deposit at First National Bank of Scotia?
First National Bank of Scotia requires a minimum deposit of $5 to open its Young Savers account, as observed on Sep 23, 2026. Check the bank's current terms before you open an account.
Does First National Bank of Scotia have branches?
Yes. First National Bank of Scotia operates 10 branches according to FDIC branch records, in addition to its website and mobile apps.
First National Bank of Scotia against its closest alternatives
| Bank | Savings APY | Rate paid on savings and money market deposits (Q2 2026) | Min deposit | Branches |
|---|---|---|---|---|
| First National Bank of Scotia | 0.25% | 1.14% | $5 | 10 branches in NY |
| Adrian Bank | 0.25% | 1.02% | $100 | 3 branches in MO |
| Alliance Community Bank | 0.25% | 0.56% | $100 | 6 branches in IL |
| Anderson Brothers Bank | 0.25% | 2.57% | $50 | 27 branches in SC |
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 National Bank of Scotia's.
Similar banks and related pages
Banks in the same rate band with the same product mix:
Other banks chartered in New York, nearest to First National Bank of Scotia in deposits:
Rate hubs: today's highest savings rates, CD rates by term, and money market rates.
State pages: banks in New York.