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FirstBank Business Account Rates

Checking Account Rates

Earnings Credit For Business Checking Accounts

Please call 855-426-1500 Monday-Friday from 8 am to 6 pm Mountain Time to speak with a Treasury Management Specialist in detail about earnings credit rates.

In summary, after activity charges are calculated for the month, an earnings credit will be subtracted from your fees based upon the average collected balance you have maintained in the account. To get the earnings credit, we multiply your average investable balance for the statement cycle period by the earnings credit rate. Your average investable balance is your averaged collected balance less the 10% Federal Reserve requirement. Information about the earnings credit rate can also be found on a FirstBank business rate sheet, which can be provided at any branch location. Your monthly statement will detail the activity charges and calculations of your earnings credit.

Business Money Market Checking

  • Unlimited check writing privileges

The interest rate may change every Wednesday and on the first business day of each month.

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Savings Account Rates

Business Regular Savings

  • $300 Minimum Balance

The interest rate and APY may change every Wednesday and on the first business day of each month. Interest is compounded daily. There is a $5.00 service charge per month when the account balance falls below $300.

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Business Liquid Asset Account

  • $20,000 Minimum Balance
  • With Limited Check Writing Privileges

The interest rate may change every Wednesday and on the first business day of each month. There is a $20.00 service charge per month when the account falls below $20,000.

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Business Money Market Savings

  • $1,000 Minimum Balance
  • With Limited Check Writing Privileges

The interest rate may change every Wednesday and on the first business day of each month. There is a $10.00 service charge per month when the balance falls below $1,000.

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Time Deposits

General Information On All Time Accounts

Interest earned can be credited to the account or transferred monthly or quarterly to another FirstBank account, or paid by check if desired. If the customer does not select a specific interest payment option, the interest will be credited to the account quarterly in all cases of the 91 Day and 182 Day accounts, which will be paid at maturity. On Time Savings, Time Deposits, and Premier Time accounts, a reminder notice is sent ten days prior to maturity for your convenience. Accounts are automatically renewed at maturity under the terms and rates currently in effect for the type of account renewing, unless the bank is otherwise notified. You may borrow against Time Savings, Time Deposit, and Premier Time accounts at favorable rates. There is a substantial interest penalty for early withdrawal from Time Savings, Time Deposits, and Premier Time accounts.

Fees can reduce the earnings on the account. A penalty will be imposed for early withdrawal. This serves as a general disclosure for all accounts. For current rate information at any time, please call FirstBank's 24-Hour Telephone Banking at 1-800-964-3444.

Business Premier Time Account

The interest rate is fixed for the term of the account. The interest rate and APY offered for new accounts may change every Wednesday and on the first business day of each month. Interest is compounded daily. A minimum balance of $10,000 is required. If the balance of the account falls below $10,000, the rate paid on the account will be the Regular Savings rate. Single deposits only.

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Business Time Savings Account

The interest rate and APY may change every Wednesday and on the first business day of each month. Interest is compounded daily. Multiple deposits may be made with no minimum deposit required. Additional deposits during the term do not change the maturity of an account. There is a $5.00 service charge per term when the balance falls below $100 on the 91 Day Savings Account. The service charge is $5.00 per quarter when the balance falls below $100 on the One Year Savings Account and on the Two Year Savings Account.

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Business Time Deposit Account

The interest rate is fixed for the term of the account. The interest rate and APY offered for new accounts may change every Wednesday and on the first business day of each month. Interest is compounded daily. Minimum deposit is $500. Single deposits only.

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Disclosures

  • The interest rates are effective from Wednesday or the first business day of the month to the following Tuesday or first business day of the month. The interest rate and APY may change every Wednesday and on the first business day of each month. These rates apply only to Colorado accounts. You must have a physical address in Colorado to receive Colorado rates. Fees can reduce earnings on the account.

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