First Bank’s Certificate of Deposit offers provide individuals with a range of options for secure and structured savings. First Bank presents a variety of CD rates terms, each tailored to meet different financial needs of the investors. Let’s describe the offers in the section below;

First Bank CD Rates Offers

The Competent CD offers for First Bank are as follows;

3-Month CD

·         1.00% Interest Rate

·         1.00% APY


  • Ideal for those needing liquidity in the near term.
  • Lower interest compared to longer-term CDs.

Pros & Cons

Quick access to fundsLower interest rate for the short duration
Minimal commitment

6-Month CD

·         1.49% Interest Rate

·         1.50% APY


  • Offers a better return than a 3-month CD.
  • Suitable for individuals looking for a short-term but higher yielding option.

Pros & Cons

Higher interest rate for short termModerate interest compared to longer terms
Balances liquidity needs with competitiveness

12-Month CD

·         2.24% Interest Rate

·         2.25% APY


  • A common choice for individuals seeking a balance between short and long-term options.
  • Rates slightly higher than short-term CDs.

Pros & Cons

Competitive interest rate for mid-termRates slightly lower than shorter-term CDs
Balances return with a reasonable duration

24-Month CD

·         2.48% Interest Rate

·         2.50% APY


  • Ideal for individuals comfortable with a more extended lock-in period.
  • Offers a higher return compared to shorter-term options.

Pros & Cons

Long-term commitmentLower interest rates compared to shorter terms
Suitable for extended investment horizonLower liquidity for a more extended duration

36-Month, 48-Month, 60-Month CDs

·         0.75% Interest Rate

·         0.75% APY


  • Lower interest rates compared to shorter-term CDs.
  • Consider your risk tolerance and long-term financial goals.

Pros & Cons

Competitive Investment PlanLower interest rates

Are First Bank CD Rates Competitive?

In general terms, the competitiveness of First Bank’s CD rates depends on the specific term you are interested in. For instance, looking at the provided APY data, certain CD terms like the 6-month and 8-month CDs offer notably competitive rates, surpassing the average rates offered by many financial institutions.

On the other hand, for longer-term CDs such as the 36-month, 48-month, and 60-month options, the rates appear to be relatively lower, aligning with the trend of longer-term CDs typically offering lower rates.

 Therefore, to determine the overall competitiveness, it’s crucial to compare First Bank’s rates across various terms with those offered by other banks and financial institutions in the market.

How do First Bank CD Rates Compare?

Comparing First Bank’s CD rates involves assessing them against industry averages and rates offered by other banks.

The 6-month CD, with a rate of 1.50% is particularly competitive, potentially outperforming many other short to mid-term options in the market.

However, for longer-term CDs like the 36-month, 48-month, and 60-month options, where the rates are 0.75% APY, First Bank’s rates may be on the lower side compared to some competitors.

Overview First Bank

At First Bank, community service isn’t just a word, it’s a philosophy. We believe in both providing funds when people need affordable housing or food, as well as getting our own hands dirty. We encourage employees to volunteer with paid hours to help on local housing projects, volunteer on the boards for local organizations, especially nonprofits, and donate our services. 

We also take donation and grant requests via our website so we can be aware of situations and people that could use a donation because sometimes we do not know.

First Bank is a part of Heartland Financial USA, which received the Forbes Best Bank Awards in 2021, 2020, 2019, 2018, and more! We are proud to be a part of an organization that has helped millions of people in American with their financial needs while also keeping them happy with top-notch services and products.

Our goal at First Bank is to help walk you through your financial decisions and future. Your kid’s education and your retirement are dependent upon taking the right risks, and we are happy to help you determine the right kinds of investments to match your lifestyle and needs.


Want a certificate of deposit? First, become a member at First Bank and open a checking or savings account. The payout for your interest will then be deposited into your checking or savings account too.

Locations First Bank

We offer 22 branches across Texas. Most of our results are near Lubbock and the surrounding areas. Our many local branches can help you get help no matter which part of the area you are visiting or working in. We also have many ATMS including many free ATMS in the area so you won’t spend your hard-earned money taking out your cash.


105 South Sandhills Blvd.

Aberdeen, NC 28315

Albemarle Eastgate

1910 East Main St.

Albemarle, NC 28001

Frequently Asked Questions

Can I access funds early from First Bank’s 36-month CD without penalties?

No, accessing funds from the 36-month CD before maturity would typically result in penalties.

How do First Bank’s CD rates compare to industry averages?

First Bank’s CD rates demonstrate competitiveness, particularly in shorter-term options like the 6-month and 8-month CDs. However, for longer-term commitments such as the 36-month, 48-month, and 60-month CDs, the rates are relatively lower, aligning with the common industry trends

Are there automatic renewal options for First Bank’s CDs?

Yes, like many traditional banks, First Bank offers automatic renewal options for its CDs. This feature provides convenience for customers, ensuring that their funds remain invested without requiring manual intervention.

What is the minimum deposit required to open First Bank’s 6-Month CD?

The minimum deposit required to open First Bank’s 6-Month CD is in alignment with accessibility, set at a reasonable amount. Individuals interested in this term can initiate their investment with the specified minimum, allowing for flexibility based on their financial capacity.