The First National Bank of Groton savings, CD and money market rates
The First National Bank of Groton's First Choice Savings advertises 0.75% APY on balances of $20,000 or less, and 0.10% on larger balances. That is 0.37 percentage points above the national savings average of 0.38% (FDIC, Oct 2026).
The rate needs a linked account at the bank. Direct deposit is required.
Ranked #1011 of 3121 tracked savings rates by advertised APY. For a $10,000 balance it would rank #758.
Estimate your earnings·What The First National Bank of Groton actually pays
The First National Bank of Groton at a glance
| Savings | |
|---|---|
| Top savings APY | 0.75% · First Choice Savings · $20,000 or less only · needs a linked account at the bank · requires direct deposit |
| Minimum to open | $0 · First Choice Savings |
| Against the national average | 0.37 percentage points above the 0.38% FDIC savings average (Oct 2026) |
| CDs | |
| Top CD APY | 3.50% · 13 months · 13 Month CD Special |
| Minimum to open | $2,500 · 13 months CD |
| Against the national average | 1.74 percentage points above the 1.76% FDIC 12-month CD average (Oct 2026) |
| Money market | |
| Top money market APY | Up to 0.30% · Money Market Investment Account · needs at least $250,000 |
| Minimum to open | $1,000 · Money Market Investment Account |
| Against the national average | 0.33 percentage points below the 0.63% FDIC money market average (Oct 2026) |
| FDIC certificate | 7085 · Groton, NY |
|---|---|
| Website | www.grotonbank.com |
| Branches | 2 branches in NY |
| Availability | Available in NY |
The First National Bank of Groton savings, CD and money market rates
Personal
How the rate applies
How the rate applies
IRA
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.
The First National Bank of Groton CD rates
| Term | APY | Minimum | Product |
|---|---|---|---|
| 1 months | 0.35% | $1,000 | 1 Month CD |
| 3 months | 0.45% | $1,000 | 3 Month CD |
| 4 months | 3.00% | $2,500 | 4 Month CD Special |
| 6 months | 0.55% | $1,000 | 6 Month CD |
| 7 months | 3.25% | $2,500 | 7 Month CD Special |
| 12 months | 0.50% | $500 | Starter CD (1 year) |
| 12 months | 0.70% | $10,000 | 1 Year CD - Renewal Once |
| 12 months | 0.65% | $1,000 | 12 Month CD |
| 13 months | 3.50% | $2,500 | 13 Month CD Special |
| 18 months | 0.70% | $1,000 | 18 Month CD |
| 24 months | 0.80% | $1,000 | 24 Month CD |
| 30 months | 0.90% | $1,000 | 30 Month CD |
| 36 months | 1.00% | $1,000 | 36 Month CD |
| 48 months | 1.06% | $1,000 | 48 Month CD |
| 60 months | 1.11% | $1,000 | 60 Month CD |
Interactive Tool
Calculate Savings for The First National Bank of Groton
All calculations are based on APY.
Savings Breakdown
- Interest Earned+$282.10(2.0%)
- Total Contributions$13,000
- Initial Deposit$1,000
Projected Balance
$14,282.10
The Banksparency Savings Calculator provides estimated savings growth based on user input and our latest data.
What The First National Bank of Groton 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 0.75% applies to balances of $20,000 or less. A larger balance earns 0.10% on the whole amount.
In Q2 2026, The First National Bank of Groton 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%.
- The First National Bank of Groton, 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 |
|---|---|---|---|---|---|---|---|---|
| Personal | ||||||||
| First Choice Savings | 0.75% | $0 | $0 | $20,000 | not stated | Direct deposit · Linked account at the bank | Tiered | |
| Fine print: The top rate covers the first $20,000 in a month with 15 debit card purchases over $7, 1 direct deposit or ACH credit and eStatements on linked First Choice checking. Other months earn the base rate. | ||||||||
| Basic Savings | 0.05% | $0 | $0 | None | $3 quarterly service charge, avoided by a $50 daily balance, can be waived | not stated | One rate | |
| Fine print: The service charge is billed each quarter, not each month. It is avoided by keeping a daily balance of $50. | ||||||||
| Youth Savings | 0.05% | $0 | $0 | None | not stated | not stated | One rate | |
| Club Savings | 0.05% | not stated | $0 | None | not stated | not stated | One rate | |
| Money Market Investment Account | Up to 0.30% | $1,000 | $1,000 | None | $5 monthly service charge, avoided by a $1,000 daily balance, can be waived | not stated | Tiered | |
| IRA | ||||||||
| Variable IRA | 0.55% | $250 | $0 | None | not stated | not stated | One rate | |
| Fine print: The rate is variable and is tied to the bank's 6 month CD rate. The bank can change it at any time at its own discretion. | ||||||||
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 |
|---|---|---|---|---|---|
| 1 Month CD | 1 months | 0.35% | $1,000 | not stated | not stated |
| 3 Month CD | 3 months | 0.45% | $1,000 | not stated | not stated |
| 4 Month CD Special | 4 months | 3.00% | $2,500 | not stated | not stated |
| 6 Month CD | 6 months | 0.55% | $1,000 | not stated | not stated |
| 7 Month CD Special | 7 months | 3.25% | $2,500 | not stated | not stated |
| Starter CD (1 year) | 12 months | 0.50% | $500 | not stated | not stated |
| 1 Year CD - Renewal Once | 12 months | 0.70% | $10,000 | not stated | not stated |
| Fine print: The certificate is guaranteed renewable once, at the same rate or higher. | |||||
| 12 Month CD | 12 months | 0.65% | $1,000 | not stated | not stated |
| 13 Month CD Special | 13 months | 3.50% | $2,500 | not stated | not stated |
| 18 Month CD | 18 months | 0.70% | $1,000 | not stated | not stated |
| 24 Month CD | 24 months | 0.80% | $1,000 | not stated | not stated |
| 30 Month CD | 30 months | 0.90% | $1,000 | not stated | not stated |
| 36 Month CD | 36 months | 1.00% | $1,000 | not stated | not stated |
| 48 Month CD | 48 months | 1.06% | $1,000 | not stated | not stated |
| 60 Month CD | 60 months | 1.11% | $1,000 | not stated | not stated |
Fine print for 3 CDs above: At least 50% of the deposit must be new money. Funds currently or recently on deposit with the bank do not earn the special rate, and IRA funds are not eligible for it.
Opening and using the account
| Availability | Available in NY |
|---|---|
| Footprint | 2 branches in NY |
| Eligibility | not stated |
How The First National Bank of Groton behaves over time
Every observation of the advertised First Choice Savings rate in the last 12 months was 0.75% (observed through Oct 28, 2026). The series includes promotional tiers where one applied.
Recent rate changes, as observed
- Obs. Sep 23, 20264 Month CD SpecialCut:3.25%to3.00%
- Obs. Sep 23, 20267 Month CD SpecialRaise:3.00%to3.25%
- Obs. Sep 23, 202613 Month CD SpecialRaise:2.75%to3.50%
- First Choice Savings
- The same as 30 days ago.
- 13 months CD
- The same as 30 days ago.
$10,000 at the 0.75% APY The First National Bank of Groton advertises on First Choice Savings grows to $10,075 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 $9,712 does today. The top rate requires direct deposit. See how the federal funds rate shapes savings rates.
The First National Bank of Groton CD rates over time
Who is The First National Bank of Groton?
| Headquarters | Groton, NY |
|---|---|
| Founded | 1865 |
| Scale | $204M assets · $175M deposits, $121M of it interest-bearing (Q2 2026, FDIC) |
| Deposit insurance | FDIC insured · Certificate 7085 |
| Charter state | New York · one of 107 insured banks chartered there (Q2 2026, FDIC) |
| Size | 2,923rd-largest by deposits of 4,238 insured banks (Q2 2026, FDIC) |
| Deposit growth | Higher than at 36% of 4,226 insured banks over the four quarters to Q2 2026 (FDIC) |
Financial detail is in What The First National Bank of Groton pays on deposits above.
Common questions about The First National Bank of Groton
Is The First National Bank of Groton FDIC insured?
Yes. The First National Bank of Groton is FDIC insured under certificate 7085, so deposits are covered up to $250,000 per depositor, per ownership category.
What is the minimum deposit at The First National Bank of Groton?
The First National Bank of Groton requires no minimum deposit to open its First Choice Savings account, as observed on Oct 28, 2026. Check the bank's current terms before you open an account.
Does the 0.75% apply to my whole balance?
The 0.75% applies to balances of $20,000 or less. A larger balance earns 0.10% on the whole amount. The rate needs a linked account at the bank. Direct deposit is required.
Does The First National Bank of Groton have branches?
Yes. The First National Bank of Groton operates 2 branches according to FDIC branch records, in addition to its website and mobile apps.
The First National Bank of Groton against its closest alternatives
| Bank | Savings APY | Rate paid on savings and money market deposits (Q2 2026) | Min deposit | Branches |
|---|---|---|---|---|
| The First National Bank of Groton | 0.75% | 0.25% | $0 | 2 branches in NY |
| 5Star Bank | 0.75% | 2.57% | $100 | 6 branches in CO |
| Bank Northwest | 0.75% | 1.23% | $100 | 6 branches in MO |
| Bank Plus | 0.75% | 1.55% | $0 | 4 branches in IA |
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 The First National Bank of Groton'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 The First National Bank of Groton in deposits:
Rate hubs: today's highest savings rates, CD rates by term, and money market rates.
State pages: savings rates in New York, money market rates in New York, and banks in New York.