Deposit Rate Specials
Take advantage of our rate specials!
With rising rates, it's important to make sure you're getting the return you deserve while still maintaining flexibility with your funds. First Community Bank offers a variety of different options to fit within your savings plan.
For additional information on our rate specials, feel free to reach out to our team members:
- Mike Padovich | 801-813-1628
- Angela Price | 801-813-1632
| Interest Rate | Annual Percentage Yield (APY) | Account Balance Tiers |
|---|---|---|
| 1.50% |
1.51% |
Up to $99,999.00 |
| 3.25% | 3.30% | $100,000.00 - Above |
**No minimum opening deposit. This is a two-tier interest-bearing account. A service charge of $2.00 will be imposed if the balance in the account falls below $100.00 any day of the month. Transfers or withdrawals from a Savings or Money Market account to another account of yours or third parties by preauthorized, automatic, telephone, or computer transfer or by check, draft, debit card or similar order to a third party are limited to six per calendar month. When there are more than six transfers or withdrawals (in total) in a calendar month from a Savings or Money Market account to another account of yours or to a third party by means of preauthorized or automatic transfer, telephone order, instruction, computer transfer, or by check, debit card or similar order, a $1.00 excess debit fee is assessed for each withdrawal or transfer over six combined withdrawals and transfers. The interest rate and annual percentage yield stated within are accurate as of the 05/31/2023. At our discretion, we may change the interest rate on your account. Interest will be compounded every month; interest will be credited to your account every month. If you close your account before interest is credited, you will receive the accrued interest. You must maintain a minimum balance of $0.01 in the account each day to obtain the disclosed annual percentage yield. We use the daily balance method to calculate the interest on your account. This method applies a daily periodic rate to the principal in the account each day. Interest begins to accrue no later than the business day we receive credit for the deposit of noncash items (for example, checks).
Lock in a competitive rate with the option to "bump up" one time during the 13-month term if rates go up. $500 minimum to open. At the end of the term, funds can be withdrawn or the CD can be renewed to a regular 12-month CD.
*$500 minimum opening deposit. A penalty may be imposed for early withdrawals before maturity. The Annual Percentage Yield (APY) assumes that the principal will remain on deposit the entire term. APY is accurate as of 05/31/2023 or until customer initiates bump-up request. Limited time offer. At the end of the term, funds can be withdrawn or the CD can be renewed. If renewed, the special rate 13 month CD will be renewed to a regular 12 month CD. Refer to Deposit Terms and Conditions and related Deposit Disclosures for full account details. The interest rate and APY on Variable Interest Rate Accounts may change after account opening. Fees could reduce earnings on accounts. Bank rules and regulations apply. Ask us for details.
Lock in a competitive rate for a shorter time period. $500 minimum to open. At the end of the term, funds can be withdrawn or the CD can be renewed to a regular 6-month CD.
$500 minimum opening deposit. A penalty may be imposed for early withdrawals before maturity. The Annual Percentage Yield (APY) assumes that the principal will remain on deposit the entire term. APY is accurate as of 05/31/2023. Limited time offer. At the end of the term, funds can be withdrawn or the CD can be renewed. If renewed, the special rate 7 month CD will be renewed to a regular 6 month CD. Refer to Deposit Terms and Conditions and related Deposit Disclosures for full account details. The interest rate and APY on Variable Interest Rate Accounts may change after account opening. Fees could reduce earnings on accounts. Bank rules and regulations apply. Ask us for details.
| Interest Rate | *Annual Percentage Yield (APY) | Account Balance Tiers |
|---|---|---|
| 1.00% | 1.00% | $0 - 24,999.99 |
| 1.00% | 1.00% | $25,000.00 - 49,999.99 |
| 1.50% | 1.50% | $50,000.00 - 99,999.99 |
| 1.50% | 1.50% | $100,000.00 - 249,999.99 |
| 2.25% | 2.25% | $250,000.00 - 499,999.99 |
| 2.50% | 2.50% | $500,000.00 - 749,999.99 |
| 2.75% | 2.75% |
$750,000.00 - 999,999.99 |
| 3.00% | 3.00% | $1,000,000.00 - 2,499,999.99 |
| 3.25% | 3.30% | $2,500,000.00 - Above |
We also offer competitive rates for those seeking additional protection for their funds above and beyond the basic FDIC insurance.
With a Repurchase Sweep Checking, you can automatically transfer available funds into higher interest-earning investment options at the close of each day. When you need to use the funds, they are swept back into a checking account for immediate use. Funds are immediately available when you need them. Swept funds are not FDIC insured but are collateralized by bank assets.*
With an Insured Cash Sweep (ICS) Account, you can access multi-million dollar FDIC protection with a single bank relationship.**
- Competitive rates
- Peace of mind with multi-million dollar protection
- Flexibility with unlimited daily liquidity
- Protection for your financial dreams
*Repurchase Sweep Account: You have a sweep arrangement in connection with the noninterest-bearing checking account you have with First Community Bank. Balances in the noninterest-bearing checking account are insured by the Federal Deposit Insurance Corporation up to the amount specified by the rules and regulations of the FDIC. However, under the sweep arrangement in connection with your noninterest-bearing checking account, funds are transferred to an investment account or repurchase account that does not qualify for deposit insurance coverage under FDIC general deposit insurance rules. This sweep arrangement voids the FDIC's guarantee with respect to the swept or transferred funds. If you have any concerns about this information or any other questions about FDIC insurance and how it affects you, please do not hesitate to contact First Community Bank at 801-813-1600.
** ICS Account: Placement of funds through the ICS service is subject to the terms, conditions, and disclosures in the service agreements, including the Deposit Placement Agreement (“DPA”). Limits and customer eligibility criteria apply. In the ICS savings option, program withdrawals are limited to six per month. Although funds are placed at destination banks in amounts that do not exceed the FDIC standard maximum deposit insurance amount (“SMDIA”), a depositor’s balances at the relationship institution that places the funds may exceed the SMDIA (e.g., before ICS settlement for a deposit or after ICS settlement for a withdrawal) or be ineligible for FDIC insurance (if the relationship institution is not a bank). As stated in the DPA, the depositor is responsible for making any necessary arrangements to protect such balances consistent with applicable law. If the depositor is subject to restrictions on placement of its funds, the depositor is responsible for determining whether its use of ICS satisfies those restrictions. ICS and Insured Cash Sweep are registered service marks of IntraFi Network, LLC.