Rates
Rates for Deposit Accounts, Retirement Accounts and CDs
All rates effective as of today’s date.
Time Certificate of Deposit Rates
- Term: 91 days- $1,000 minimum opening deposit. Interest Rate- 1.49%; APY*- 1.50%
- Term: 182 days- $1,000 minimum opening deposit. Interest Rate- 2.98%; APY*- 3.00%
- Term: 12 months- $100. minimum opening deposit. Interest Rate- 1.60%; APY*- 1.60%
- Term: 18 months- $1,000 minimum opening deposit. Interest Rate- 1.69%; APY*- 1.70%
- Term: 30 months- $1,000 minimum opening deposit. Interest Rate- 1.79%; APY*- 1.80%
- Term: 48 months- $1,000 minimum opening deposit. Interest Rate- 1.89%; APY*- 1.90%
- Term: 60 months- $1,000 minimum opening deposit. Interest Rate- 1.99%; APY*- 2.00%
- Term: 72 months- $1,000 minimum opening deposit. Interest Rate- 2.49%; APY*- 2.50%
* APY = Annual Percentage Yield. Subject to penalty for early withdrawal. Interest rates subject to change.
CD Specials:
- Term: 7 months- $1,000 minimum opening deposit. Interest Rate- 4.93%; APY*- 5.00%
- Term: 13 months- $1,000 minimum opening deposit. Interest Rate- 4.08%; APY*- 4.12%
- Term: 31 months- $1,000 minimum opening deposit. Interest Rate- 4.21%; APY*- 4.25%
- Term: 61 months- $1,000 minimum opening deposit. Interest Rate- 3.96%; APY*- 4.00%
CD Specials are a limited time offer, subject to change at any time. *APY is Annual Percentage Yield. $1,000.00 minimum to open. Limited to residents of Benton, Johnson, Linn and Iowa counties in Iowa. APY is accurate as of 5/24/2023. Penalty for early withdrawal. Limited time offer subject to change at any time. Available to both new and existing customers.
Individual Retirement Accounts
Interest Rate: 0.20%
APY*- 0.20%
* APY = Annual Percentage Yield. Subject to penalty for early withdrawal. Interest rates subject to change.
Super NOW Checking Account Rates **
- Average daily balance: $0.00-$2,499.99; interest rate- 0.01%; APY*- 0.01%
- Average daily balance: $2,500.00-$9,999.99; interest rate- 0.01%; APY*- 0.01%
- Average daily balance: $10,000 or greater; interest rate- 0.01%; APY*- 0.01%
* APY = Annual Percentage Yield.
**Fees could reduce earnings. Interest rates subject to change. Minimum balance to open is $1,000.
Super NOW Non-Profit Account Rate
Interest Rate: 0.05%
APY*- 0.05%
* APY = Annual Percentage Yield. Interest rates subject to change. Must be a qualified 501(c)3 organization.
Variable Savings Account Rates
Interest Rate: 0.10%
APY*- 0.10%
* APY = Annual Percentage Yield. Interest rates subject to change.
Insured Money Market Savings Account**
Interest Rate: 0.25%
APY*- 0.25%
* APY = Annual Percentage Yield. Interest rates subject to change
**Minimum balance to open account is $5,000.00 and minimum average daily balance of $5,000.00 is required to obtain the disclosed annual percentage yield. Contact Fairfax State Savings Bank at 319-846-2300 for more information.
Loan Rates
Please see a Fairfax State Savings Bank Lender or call 319-846-2300 for more information.
CD Rates Effective: 11/04/2022; Special CD Rates Effective: 5/24/2023; Super NOW Rates Effective: 1/10/2023; IRA Rate Effective: 7/01/2021; Money Market Rate Effective: 2/8/2023; Savings Rate Effective: 2/8/2023