First State Bank and Trust savings, CD and money market rates
First State Bank and Trust's Statement Savings offers 0.05% APY. That is 0.33 percentage points below the national savings average of 0.38% (FDIC, Oct 2026).
Ranked #2725 of 3146 tracked savings rates by advertised APY. For a $10,000 balance it would rank #2587.
Estimate your earnings·What First State Bank and Trust actually pays
First State Bank and Trust at a glance
| Savings | |
|---|---|
| Top savings APY | 0.05% · Statement Savings |
| Minimum to open | $1 · Statement Savings |
| Against the national average | 0.33 percentage points below the 0.38% FDIC savings average (Oct 2026) |
| CDs | |
| Top CD APY | 4.00% · 13 months · 13 Months CD |
| Minimum to open | $1,000 · 13 months CD |
| Against the national average | 2.24 percentage points above the 1.76% FDIC 12-month CD average (Oct 2026) |
| Money market | |
| Top money market APY | Up to 2.53% · Investors Plus Money Market · needs at least $500,000 |
| Minimum to open | $2,000 · Investors Plus Money Market |
| Against the national average | 1.90 percentage points above the 0.63% FDIC money market average (Oct 2026) |
| FDIC certificate | 10159 · Bayport, MN |
|---|---|
| Website | www.fsbt.com |
| Branches | 4 branches in MN, WI |
| Availability | Available in MN, WI |
First State Bank and Trust savings, CD and money market rates
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.
First State Bank and Trust CD rates
| Term | APY | Minimum | Product |
|---|---|---|---|
| 3-5 months | 0.05% | $1,000 | 3-5 Months CD |
| 6-11 months | 0.05% | $1,000 | 6-11 Months CD |
| 7 months | 3.75% | $1,000 | 7 Months CD |
| 12-23 months | 3.29% | $1,000 | 12-23 Months CD |
| 13 months | 4.00% | $1,000 | 13 Months CD |
| 24-35 months | 3.44% | $1,000 | 24-35 Months CD |
| 36-47 months | 3.55% | $1,000 | 36-47 Months CD |
| 48-59 months | 3.65% | $1,000 | 48-59 Months CD |
| 60 months | 3.80% | $1,000 | 60 Months CD |
Interactive Tool
Calculate Savings for First State Bank and Trust
All calculations are based on APY.
Savings Breakdown
- Interest Earned+$204.30(1.4%)
- Total Contributions$13,000
- Initial Deposit$1,000
Projected Balance
$14,204.30
The Banksparency Savings Calculator provides estimated savings growth based on user input and our latest data.
What First State Bank and Trust 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 State Bank and Trust paid a higher average rate on savings and money market deposits than 77% of banks that reported a figure (FDIC call report). The all-bank median was 1.45%.
- First State Bank and Trust, 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 | 0.60% | $1 | $0 | None | There is a minimal annual service charge to cover administration of your account. | not stated | Tiered | |
| Fine print: An annual service charge covers administration of the account. The bank states the amount in its fee schedule. | ||||||||
| Statement Savings | 0.05% | $1 | $0 | None | No monthly maintenance charge with a $100 minimum balance, can be waived | not stated | One rate | |
| Super Kids Savings | 0.05% | $1 | $0 | None | No monthly maintenance charge with a $100 minimum balance, can be waived | not stated | One rate | |
| Investors Plus Money Market | Up to 2.53% | $2,000 | $0 | None | not stated | not stated | Tiered | |
Fine print for 2 products above: The monthly maintenance charge is waived when the account keeps a $100 minimum balance.
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 |
|---|---|---|---|---|---|
| 3-5 Months CD | 3-5 months | 0.05% | $1,000 | not stated | not stated |
| 6-11 Months CD | 6-11 months | 0.05% | $1,000 | not stated | not stated |
| 7 Months CD | 7 months | 3.75% | $1,000 | not stated | not stated |
| 12-23 Months CD | 12-23 months | 3.29% | $1,000 | not stated | not stated |
| 13 Months CD | 13 months | 4.00% | $1,000 | not stated | not stated |
| 24-35 Months CD | 24-35 months | 3.44% | $1,000 | not stated | not stated |
| 36-47 Months CD | 36-47 months | 3.55% | $1,000 | not stated | not stated |
| 48-59 Months CD | 48-59 months | 3.65% | $1,000 | not stated | not stated |
| 60 Months CD | 60 months | 3.80% | $1,000 | not stated | not stated |
Opening and using the account
| Availability | Available in MN, WI |
|---|---|
| Footprint | 4 branches in MN, WI |
| Eligibility | not stated |
How First State Bank and Trust behaves over time
Every observation of the advertised Statement Savings rate in the last 12 months was 0.05% (observed through Nov 2, 2026). The series includes promotional tiers where one applied.
Recent rate changes, as observed
- Obs. Oct 8, 202636-47 Months CDRaise:3.03%to3.55%
- Obs. Oct 8, 202648-59 Months CDRaise:3.03%to3.65%
- Obs. Oct 8, 202660 Months CDRaise:3.03%to3.80%
- Obs. Oct 7, 202613 Months CDRaise:3.60%to4.00%
- Obs. Oct 7, 202624-35 Months CDRaise:3.29%to3.44%
- Statement Savings
- The same as 30 days ago.
- 13 months CD
- Up 0.40 percentage points from 30 days ago.
$10,000 at the 0.05% APY First State Bank and Trust advertises on Statement Savings grows to $10,005 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 $9,644 does today. See how the federal funds rate shapes savings rates.
First State Bank and Trust CD rates over time
Who is First State Bank and Trust?
| Headquarters | Bayport, MN |
|---|---|
| Founded | 1914 |
| Scale | $499M assets · $455M deposits, $345M of it interest-bearing (Q2 2026, FDIC) |
| Deposit insurance | FDIC insured · Certificate 10159 |
| Charter state | Minnesota · one of 223 insured banks chartered there (Q2 2026, FDIC) |
| Size | 1,682nd-largest by deposits of 4,238 insured banks (Q2 2026, FDIC) |
| Deposit growth | Higher than at 95% of 4,226 insured banks over the four quarters to Q2 2026 (FDIC) |
Financial detail is in What First State Bank and Trust pays on deposits above.
Common questions about First State Bank and Trust
Is First State Bank and Trust FDIC insured?
Yes. First State Bank and Trust is FDIC insured under certificate 10159, so deposits are covered up to $250,000 per depositor, per ownership category.
What is the minimum deposit at First State Bank and Trust?
First State Bank and Trust requires a minimum deposit of $1 to open its Statement Savings account, as observed on Nov 2, 2026. Check the bank's current terms before you open an account.
Does First State Bank and Trust have branches?
Yes. First State Bank and Trust operates 4 branches according to FDIC branch records, in addition to its website and mobile apps.
First State Bank and Trust against its closest alternatives
| Bank | Savings APY | Rate paid on savings and money market deposits (Q2 2026) | Min deposit | Branches |
|---|---|---|---|---|
| First State Bank and Trust | 0.05% | 2.21% | $1 | 4 branches in MN, WI |
| 1st Community Bank | 0.05% | 0.45% | not stated | 2 branches in IL |
| Arrow Bank National Association | Up to0.05% | 2.21% | $500 | 56 branches in NY |
| Bank of Franklin County | 0.05% | 0.50% | $25 | 6 branches in MO |
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 State Bank and Trust's.
Similar banks and related pages
Banks in the same rate band with the same product mix:
Other banks chartered in Minnesota, nearest to First State Bank and Trust in deposits:
Rate hubs: today's highest savings rates, CD rates by term, and money market rates.
State pages: money market rates in Minnesota, banks in Minnesota, money market rates in Wisconsin, and banks in Wisconsin.