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Personal Savings

FSBSavings

Save on your own terms with the flexibility of our FSB Savings account. Get started with as little as $25 today.

Key Features

Competitive Interest

Digital Banking

Details

  • Competitive interest paid on entire balance
  • Interest compounded daily, paid quarterly
  • Set aside for a wide range of personal needs or simply for a rainy day
  • Avoid the $3 quarterly service fee by maintaining a $300 minimum average balance
  • No monthly service fee for customers under 19 or over 62 years old
  • Unlimited withdrawals in person, by mail, or at an ATM
  • Free digital banking services, including:
    • Free online banking
    • Free mobile banking
    • Free quarterly eStatements
  • Free telephone banking
  • $25 minimum deposit to open1

1A $50 fee will be charged if the account is closed within 90 days.

Open Account

First Class Money Market

Want to retain access to your funds without sacrificing earning potential? A money market makes this no-brainer possible.

Key Features

Tiered Interest

Digital Banking

Details

  • Competitive, tiered rates1
  • Interest compounded daily, paid monthly
  • Higher balances earn higher rates
  • Enjoy the enhanced savings potential with the flexibility of quick access to your funds
  • Avoid $10 monthly service fee by maintaining a $1,000 minimum average balance
  • Free digital bankingservices, including:
    • Free online banking
    • Free mobile banking
    • Free monthly eStatements
  • Free telephone banking
  • $2,500 minimum deposit to open3

1Interest rate subject to change every other Wednesday.
3A $50 fee will be charged if the account is closed within 90 days.

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Club Account

Worried about paying for those gifts? Dreading the post-Holiday tab? Join the club.

Key Features

Competitive Interest

Digital Banking

Details

  • Set aside little by little, year-round for holiday-related expenses
  • Competitive interest on entire balance
  • No monthly service fee
  • No minimum balance requirements
  • Make deposits at any time, in any amount you feel comfortable with
  • Avoid holiday-induced debt and stress
  • Funds automatically released via check or deposited to an FSB account on the last Wednesday in October of each calendar year1
  • Early withdrawal will result in a penalty1
  • Free digital banking services, including:
    • Free online banking
    • Free mobile banking
    • Free quarterly eStatements
  • Free telephone banking
  • $1 minimum deposit to open

1Interest is forfeited if balance is withdrawn prior to maturity (last Wednesday in October).

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Certificates of Deposit

No risk no reward? Not when it comes to a fixed-rate CD that features a guaranteed return.

Key Features

Guaranteed Returns

Competitive Interest

No Setup or Maintenance Fees

Details

  • Fixed rates, higher than regular savings
    • Receive higher rates by selecting a longer term
    • May elect to receive quarterly or semi-annual interest checks
  • Provides more guarantee than other risky investments
  • Set aside for long-term savings goals
  • A wide range of terms available (from 3 months to 8 years)
  • No setup or maintenance fees
  • Renews automatically upon maturity after a 10 day grace period
  • Early withdrawal subject to penalty1
  • Minimum deposit to open depends on the selected term

1Early withdrawal will result in the following penalties:
- 32 day term through 1 year has a penalty of 6 months interest
- Over 1 year term through 8 years has a penalty of 12 months interest

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IntraFi® Network Deposits – CDARS®

FDIC insurance doesn't have to stop at $250,000. IntraFi® Network Deposits - CDARS®- offers FDIC insurance on CDs up to $50 million.

Details

  • Interest above standard savings, which may compare favorably with other investment alternatives
  • Greater security; multi-million dollar FDIC insurance coverage
  • Convenience; everything is managed internally by First State Bank:
    • One interest rate
    • One regular statement
    • One year-end tax form
  • Flexible maturity periods available
  • Helps support lending opportunities within your local community
  • Full FDIC coverage on amounts up to $50 million

Learn More

1To learn more about how IntraFi® Network Deposits, CDARS®, can benefit you, visit the IntraFi® Network website.

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IntraFi® Network Deposits – Insured Cash Sweep®

It’s true. An IntraFi® Network Deposits - ICS®, or Insured Cash Sweep®, is the smart way to earn interest while retaining FDIC coverage.

Details

  • Enjoy increased coverage while also benefiting from increased access to funds and higher returns than other savings options
  • Interest above standard savings, which may compare favorably with other investment alternatives
  • Deposits are sent to other ICS® network banks in amounts less than $250,000
  • Convenience; everything is managed internally by First State Bank:
    • One interest rate
    • One regular statement
    • One year-end tax form
  • Less administrative burden than other collateralized deposits
  • Two convenient options:
    • IntraFi® Network Deposits, Insured Cash Sweep® Savings (ICSS) – includes 6 program withdrawals per month and deposits funds to money market deposit accounts
    • IntraFi® Network Deposits, Insured Cash Sweep® Demands (ICSD) – Includes unlimited program withdrawals and deposits funds to demand deposit accounts
  • Full FDIC coverage on amounts up to $50 million

How it works

  • Choose from either the ICSS® or ICSD® options or choose both
  • Sign the agreements, use an existing checking or other transaction account (or set one up), and deposit your funds
  • If you choose both the savings and demand options, you will need to have a separate transaction account for each
  • Deposits are sent to other ICS® network banks in amounts less than $250,000.001
  • Each individual deposit receives interest, plus full FDIC backing
  • As a result, you access FDIC insurance coverage from many institutions while working directly with only your bank

1Deposits are sent to demand deposit accounts with the demand option and to money market deposit accounts with the savings option. The standard FDIC insurance maximum is $250,000 per insured capacity, per bank.

Learn More

To learn more about how an IntraFi® Network Deposits, Insured Cash Sweep®, can benefit you, visit the IntraFi® Network website.

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Individual Retirement Accounts (IRAs)

A tax-advantaged IRA 1 is a smart addition to your retirement strategy. Choose from a Traditional or Roth option to get started.

Key Features

Competitive Interest

No Setup or Maintenance Fees

Tax Advantages (Consult a tax advisor)

Details

  • Tax-advantaged retirement savings1
  • Competitive interest above standard savings rates
  • Traditional and Roth IRA options
  • No setup fees
  • No monthly or annual maintenance charges
  • Annual contribution limits apply (see current contribution limits; $6,000 as of 2019)1
  • Additional $1,000 "catch-up" contribution allowed for ages 50+
  • Funds can be used to purchase CDs
  • Minimum deposit to open depends on the selected term

1Consult a tax advisor.

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Traditional vs. Roth

There are advantages to both traditional and Roth IRAs. One of the biggest differences is the time at which you see the most advantage. A traditional IRA provides potential tax relief today, while a Roth IRA has the potential for the most tax benefit at time of retirement.

Traditional IRA

  • No income limits to open
  • No minimum contribution requirement
  • Contributions are tax deductible on state and federal income tax1
  • Earnings are tax deferred until withdrawal (when usually in lower tax bracket)
  • Withdrawals can begin at age 59½
  • Early withdrawals subject to penalty1
  • Mandatory withdrawals at age 72

Roth IRA

  • Income limits to be eligible to open Roth IRA3
  • Contributions are NOT tax deductible
  • Earnings are 100% tax free at withdrawal1
  • Principal contributions can be withdrawn without penalty1
  • Withdrawals on interest can begin at age 59½
  • Early withdrawals on interest subject to penalty2
  • No mandatory distribution age
  • No age limit on making contributions as long as you have earned income

1Subject to some minimal conditions. Consult a tax advisor.
2Certain exceptions apply, such as healthcare, purchasing first home, etc.
3Consult a tax advisor.

Health Savings Account (HSA)

Stay one step ahead of medical-related expenses with an HSA. Take advantage of interest on every dollar deposited, plus additional tax benefits.1

Key Features

Competitive Interest

Tax Advantages

No Monthly Service Fees

Details

  • Greater personal control over healthcare management and expenses
  • Prepare for qualified medical expenses
  • Earn interest above standard savings on entire balance
  • Receive higher rates on larger deposits
  • An HSA provides triple tax savings:
    • Tax deductions when you contribute to your account
    • Tax-free earnings through investment
    • Tax-free withdrawals for qualified medical, dental, vision expenses, and more 1
  • Contributions are tax-free and can be made by you, your employer, or a third party
  • Funds can be withdrawn at any time2
  • No monthly service fee
  • No minimum balance requirements
  • Free monthly eStatements
  • Unused funds remain in account year after year; no "use it or lose it" policy
  • Keep your HSA in your name, regardless of career or life changes
  • There are contribution limits and catch up contributions allowed for ages over 55
  • $25 minimum deposit to open

Eligibility

Most adults under 65 who are not enrolled in Medicare and are covered under a high-deductible health plan (HDHP) can qualify for an HSA, but it is up to the account holders to determine their own eligibility. Please contact your tax advisor for further eligibility requirements.

1Consult a tax advisor.
2You can withdraw funds at any time for any purpose. However, if funds are withdrawn for reasons other than qualified medical expenses, the amount withdrawn will be included as taxable income, and is subject to a 20% penalty.

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Deposit Specials

This week's Certificate of Deposit Specials

Term Minimum Deposit Interest Rate APY
5 Months

Open Now

 $1000 3.75% 3.79%
7 Months

Open Now

 $1000 3.95% 3.99%
11 Months

Open Now

 $1000 3.80% 3.84%
28 Months $1000 3.65% 3.68%

APY = Annual Percentage Yield. APR = Annual Percentage Rate.
Fees may reduce earnings.

Rates for April 16, 2025 through April 22, 2025.

Compounded semi-annually on a 365/365 basis with principal and interest reinvested at the initial rate of the certificate.

Certificates are not compounded. The annual percentage yield results by investing the principal and interest upon renewal at the initial rate of the certificate.

Substantial penalty will be imposed for premature withdrawal. The penalty will only be calculated on the amount withdrawn, if less than the full deposit.

Early Withdrawal Penalty:
- 32 Day through 1 Year terms have a penalty of 6 Months Interest
- Over 1 Year through 8 year terms have a penalty of 12 Months Interest

All Individual Retirement Accounts:
- 32 Day through 1 Year terms have a penalty of 6 Months Interest
- Over 1 Year through 8 Year terms have a penalty of 12 Months Interest