First National Bank of America is a trusted financial institution that offers Certificates of Deposit providing guaranteed yields, flexibility, and the assurance of FDIC insurance. Whether you’re a seasoned investor or just starting on your financial journey, the First National Bank of America CD Rates cater to a diverse range of needs, with maturities spanning from short-term to long-term

Let’s dig into the details of First National Bank of America CD Rates;

First National Bank of America CD Rates Offers

The special offer consideration by First National Bank of America is;

36-Month Certificate of Deposit with a 4.65% APY

  • The high yield rate of 4.65% APY for the entire 36-month term.
  • Offers the safety of FDIC insurance, providing coverage for your deposits up to $250,000. Your investment is protected, offering peace of mind throughout the entire term.
  • Accessible Opening Amount – Investing with as little as $1,000
  • Convenient Online Opening


  • Early Withdrawal Penalties – Be aware of potential penalties for early withdrawal. Ensure that you can commit to the full term to maximize the benefits of the guaranteed APY.

Pros & Cons

High Return Opportunities Inflation Impact
Low Minimum Opening AmountInterest Rate Environment Risk
Convenient Online OpeningLimited Potential for Higher Returns

How does First National Bank of America CD Rates Compare?

First National Bank of America CD rates compare favorably with industry standards. The guaranteed yields, flexible maturities, and FDIC insurance enhance their competitiveness. While they provide security and predictability, investors should consider factors such as locked-in rates, early withdrawal penalties, and the potential impact of inflation. The low minimum opening amount and online opening convenience contribute to their overall competitiveness.

Overall, the fixed rates, low minimum opening amount, and convenient online opening make them appealing to a wide range of investors. 

Overview First National Bank of America 

Despite being a small family-owned bank from Michigan, First National Bank of America has over $2.6 billion in assets. They offer their clients everything from personal banking to commercial and mortgage loans.

The bank was first opened in 1955 as a way to help meet all of the financial needs of the people of Michigan. Ever since then, the bank has continued expanding and added other locations around Michigan. To this day, First National Bank is a privately owned bank that offers its customers exceptional rates on deposit accounts and more. No matter what, the First National Bank is determined to serve their customers as best as they possibly can.

Even with the 60 years they have of experience under their belt, the First National Bank of America still holds the same values and beliefs that they did back then. More importantly, they still care about their clients as if they were their own family.

To this day the First National Bank is looking for ways to provide exceptional service to all customers.


You have to be an already existing member of First National Bank to open up a CD. However, the good news is that you can open a CD online without having to go into the bank.

Locations First National Bank of America

Branches in Michigan

The branches in Michigan are:

East Lansing, Grand Rapids, and Traverse City.

Frequently Asked Questions

What is the minimum opening amount for First National Bank of America CDs?

The minimum opening amount for our CDs is $1,000.

Is there a penalty for early withdrawal from a First National Bank of America CD?

Yes, there is an early withdrawal penalty. It’s important to be aware of this before considering withdrawal.

How do I open an IRA Certificate of Deposit with First National Bank of America?

IRA CDs can only be opened by visiting one of our branch locations. For regular CDs, you can conveniently open them online.

What is the maximum FDIC insurance coverage for First National Bank of America CDs?

Your deposits are FDIC insured up to $250,000, providing a secure environment for your investment.