First State Bank: Savings Accounts, CDs, Money Market & Rates

By Aviel Fahl

Updated: 8/15/2026

Mission: Banksparency aims to make First State Bank's deposit accounts transparent and comparable to the market.

Interest rates reported as APY

Analysis of First State Bank

Our verdict

CD Analysis

First State Bank offers CDs paying up to 3.89% APY on its 28 months term, across 14 term lengths.

Tracking 15 active CD products, useful for locking in today's rate before further moves at the Fed.

Best CD use: locking in 3.89% APY for a 28 months term and laddering across multiple maturities.

First State Bank also offers First Class Money Market, a money market account paying 2.27% APY with a $2,500 minimum deposit.

At 2.27% APY, First State Bank pays 4x the national money market average of 0.63%.

Additional Accounts

FSBSavings, a savings account at 0.15% APY.
Club Account, a club savings account at 0.25% APY.
Business Savings, a business savings account at 0.15% APY.

Ideal User Profile

Best for: simple saving without extra requirements.

Important Considerations

Club Account is a club savings account. Designed for scheduled deposits toward a set payout date.

Business Savings is a business savings account. Available to business customers.

No app ratings available for this bank.

iOS app rating is not available.

Android app rating is not available.

Deposit Accounts Overview

Club Account

Savings

0.25% APY

Min: $1 Branch Access

Rank #203 of 337 tracked.

Business Savings

Savings

0.15% APY

Min: $300 Branch Access

Rank #237 of 337 tracked.

FSBSavings

Savings

0.15% APY

Min: $25 Branch Access

Rank #238 of 337 tracked.

First Class Money Market

Money Market

2.27% APY

Tiered Range: 1.00% - 2.27%

Min: $2,500 Branch Access

Market Reality Check

This institution offers rates below the top 10 savings and money market accounts we track. Those institutions all pay at least 4.01% APY.

See Top Rates

National Avg: 0.38% (FDIC, 8/1/2026).
Banksparency tracks live rates daily.

Bank Overview

HQ LocationMendota, IL
Deposit InsuranceFDIC Insured(Cert: 15752)

Visit Official Website

Featured Offers

Axos ONE - High Yield Savings & Checking

Over 95,000 fee-free ATMs
Get paid up to 2 days early with Direct Deposit
One convenient app for spending & saving

FDIC Insured

Savings4.21%APY

Checking0.51%APY

Go to Axos Bank

FDIC or NCUA insured

View Details

Monthly Maintenance Fee	None
Min. Deposit to Savings Account	0
Min. Balance in Savings Account	0
How to qualify for APY	OPTION ADirect Deposit $1,500+ AND Maintain $1,500+ avg daily checking balance. OR OPTION BDeposit $5,000+ total/mo AND Maintain $5,000+ avg daily checking balance.
Mobile Ratings	iOS:4.7 Android:4.5

The APY is available with the Axos ONE savings and checking bundle. The checking account also earns interest. To qualify, you must either set up a direct deposit of $1,500 and maintain an average daily balance of more than $1,500 in your ONE Checking account, or receive at least $5,000 in total monthly qualifying deposits and maintain an average daily balance of more than $5,000.

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FDIC Insured

Quontic High Yield Savings

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FDIC Insured

Savings3.20%APY

Go to Quontic Bank

FDIC or NCUA insured

View Details

Monthly Maintenance Fee	None
Min. Deposit to Savings Account	10000
Min. Balance in Savings Account	0
Mobile Ratings	iOS:4.8 Android:4.9

Deposit Accounts: In-Depth View

Savings Accounts Offered by First State Bank

Feature	Club Account	FSBSavings	Business Savings
APY	0.25%Verified: 8/15/2026	0.15%Verified: 8/15/2026	0.15%Verified: 8/15/2026
APY Trend	N/A	N/A	N/A
Min. Deposit	$1	$25	$300
Min. Balance	N/A	N/A	N/A
Monthly Fee	N/A	N/A	N/A
Direct Deposit	None	None	None
Checking Bundle	No	No	No
In-Branch Access	Yes	Yes	Yes
Compounding	N/A	daily	N/A
FDIC Insured	Yes	Yes	Yes
Eligibility	United States	United States	United States
Next Steps	-	-	-

Interactive Tool

Calculate Savings for First State Bank

All calculations are based on APY.

Choose savings account

Initial deposit

Recurring deposit

Frequency

Duration

Savings Breakdown

Interest Earned
+$93.40(0.7%)
Total Contributions
$13,000
Initial Deposit
$1,000

Projected Balance

$14,093.40

Effective APY

0.25%

The Banksparency Savings Calculator provides estimated savings growth based on user input and our latest data.

First State Bank Deposit Rates Over Time

No historical data available.

Compare with First State Bank

Feature	Current View First State Bank	Empty Slot
Product		-
APY	0.25%Verified: 8/15/2026	-
APY Trend	N/A	-
Min. Deposit	$1	N/A
Monthly Fee	N/A	-
Direct Deposit	No	-
Checking Bundle	No	-
In-Branch Access	Yes	-
Eligibility	United States	-
Compounding	N/A	-
FDIC or NCUA Insured	Yes	-
Next Steps	-	-

CD Overview

3.89% Highest APY

Across 15 CD products with terms: 30 months, 28 months, 24 months, 48 months, 60 months, 36 months, 96 months, 11 months, 7 months, 3 months, 6 months, 12 months, 18 months, 5 months

CD Products Offered by First State Bank

Feature	91 Day CD 3 months	5 Month CD Special 5 months	6 Month CD 6 months	7 Month CD Special 7 months	11 Month CD Special (Online Only) 11 months	11 Month CD Special 11 months	12 Month CD 12 months	18 Month CD 18 months	24 Month CD 24 months	28 Month CD Special 28 months	30 Month CD 30 months	36 Month CD 36 months	48 Month CD 48 months	60 Month CD 60 months	96 Month CD 96 months
APY	3.03%Verified: 8/15/2026	3.54%Verified: 8/15/2026	3.28%Verified: 8/15/2026	3.53%Verified: 8/15/2026	3.79%Verified: 8/15/2026	3.79%Verified: 8/15/2026	3.28%Verified: 8/15/2026	3.43%Verified: 8/15/2026	3.54%Verified: 8/15/2026	3.89%Verified: 8/15/2026	3.02%Verified: 8/15/2026	3.02%Verified: 8/15/2026	3.02%Verified: 8/15/2026	3.02%Verified: 8/15/2026	3.02%Verified: 8/15/2026
Term	3 months	5 months	6 months	7 months	11 months	11 months	12 months	18 months	24 months	28 months	30 months	36 months	48 months	60 months	96 months
Min. Deposit	$2,500	$1,000	$2,500	$1,000	$1,000	$1,000	$1,000	$1,000	$1,000	$1,000	$1,000	$1,000	$1,000	$1,000	$1,000
Early Withdrawal	N/A	N/A	N/A	N/A	N/A	N/A	N/A	N/A	N/A	N/A	N/A	N/A	N/A	N/A	N/A
FDIC Insured	Yes	Yes	Yes	Yes	Yes	Yes	Yes	Yes	Yes	Yes	Yes	Yes	Yes	Yes	Yes

First State Bank CD Rates Over Time

Not enough rate history to show a chart. We have CD rates for this bank from one day only. The chart shows when we collect more data.

Money Market Accounts Offered by First State Bank

Feature	First Class Money Market
APY	2.27%Range: 1.00% - 2.27%Verified: 8/15/2026
Min. Deposit	$2,500
Min. Balance	$0
Monthly Fee	N/A
Direct Deposit	None
In-Branch Access	Yes
Compounding	daily
FDIC Insured	Yes
Eligibility	United States

Alternatives to First State Bank

Banks with Higher/Similar Savings APY

For a top list of the highest savings rates, see all HYSA top rates

Northeast Bank

Value Money Market: 0.40% APY

Minimum Deposit: $5,000

Growth Savings: 3.50% APY

Minimum Deposit: $2,500

Eligible States: Limited (see details)

Propel Preferred Savings: 2.75% APY

Bundled Savings & Checking Account

Minimum Deposit: $50

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Propel Fusion Savings: 0.05% APY

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Health Savings Account: 2.00% APY

Minimum Deposit: N/A

Business Growth Savings: 3.50% APY

Minimum Deposit: $2,500

All America Bank

Regular Savings: 1.25% APY

Minimum Deposit: $50

Super Savers MMDA: 2.75% APY

Minimum Deposit: $2,500

American Express

High Yield Savings Account: 3.00% APY

Minimum Deposit: $0

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PNC

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Minimum Deposit: $25

PNC High Yield Savings: 3.15% APY

Minimum Deposit: $0

Eligible States: Limited (see details)

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High-Yield Savings Account: 3.75% APY

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Minimum Deposit: $0

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High-Yield Savings Account: 3.75% APY

Minimum Deposit: $0

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Minimum Deposit: $0

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Peoples State Bank of Plainview

Peoples Preferred Savings: 3.51% APY

Minimum Deposit: $1,000

Regular Savings: 0.65% APY

Minimum Deposit: $25

HSA Savings: 1.31% APY

Minimum Deposit: $25

HSA Savings $20,000+: 1.66% APY

Minimum Deposit: $25

IRA Savings: 1.66% APY

Minimum Deposit: $25

Kasasa Saver: 1.00% APY

Bundled Savings & Checking Account

Minimum Deposit: $25

Money Market Checking: 0.60% APY

Minimum Deposit: $1,000

Youth Savings: 3.00% APY

Minimum Deposit: $0

Citizens Access™

Citizens Access® Savings: 2.80% APY

Minimum Deposit: $0.01

Online Only

Dundee Bank

Savings Account: 0.50% APY

Minimum Deposit: $100

Health Savings Account: 1.50% APY

Minimum Deposit: $0

IRA Savings Account: 1.50% APY

Minimum Deposit: $0

Platinum Money Market Account: 3.50% APY

Minimum Deposit: $50,000

Money Market Account: 1.50% APY

Minimum Deposit: $1,000

Apple Blossom Savings: 0.50% APY

Minimum Deposit: $25

First Federal Savings and Loan Association of Central Illinois, S.B.

Christmas Club Savings: 0.75% APY

Minimum Deposit: $0

1st Fed Savings: 0.75% APY

Minimum Deposit: $100

Health Savings: 0.75% APY

Minimum Deposit: $0

1st Fed Savings w/ Checking: 1.01% APY

Bundled Savings & Checking Account

Minimum Deposit: $100

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Minimum Deposit: $1,000

Pibank

Pibank Savings: 4.10% APY

Minimum Deposit: $0

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Winnsboro State Bank & Trust Company

WSB Money Market: 3.45% APY

Minimum Deposit: $2,500