Average User Rating:2.5 star rating based on 6 reviews.
First Security Bank & Trust
First Security Bank & Trust Locations|
809 Clark Street Charles City, IA 50616 641-228-2343 www.1stsecuritybank.com  |
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First Security Bank & Trust is headquartered in Charles City and is the 29th largest bank in the state of Iowa. It is also the 1,467th largest bank in the nation. It was established in 1903 and as of December of 2012, it had grown to 125 employees at 14 locations. First Security Bank & Trust's savings rates are 2X the national average, and it boasts a 5-star health rating.
Related Posts
Another Nationally Available Reward Checking Account - 2/17/2012
As I mentioned yesterday , reward checking is still going strong. This CNNMoney article was published today showing how reward checking and other Kasasa products are helping community banks work toget ...
First Security Bank & Trust Of Iowa Cuts Reward Checking Rate (Forum) - 9/7/2010
I'm afraid this is the fall of another 4% RCA. First Security Bank & Trust of Iowa will be reducing its reward checking yield from 4.01% to 2.83% APY for balances up to $25K effective 9/9/2010. A reader just forwarded me this email he received from Fi
First Security Bank & Trust's Reward Checking Is Now Limited to MN & IA (Forum) - 5/13/2010
One of the four remaining nationwide 4.00% $25K reward checking accounts is no longer available nationwide. First Security Bank & Trust is now limiting applications to residents of Minnesota and Iowa.
Four Nationwide Reward Checking Accounts That Still Have 4% Yields - 5/5/2010
I just checked the nationwide reward checking section of DepositAccounts.com, and I noticed these four banks are still offering reward checking accounts that are paying 4% APY on balances of at least ...
2009
See Rates for: Checking | Savings | CD | IRA
First Security Bank & Trust Checking Account Rates
First Security Bank & Trust Savings Account Rates
First Security Bank & Trust CD Rates
First Security Bank & Trust IRA Rates
| Apy | Min | Max | Product | |
| 1.05% | $2,500 | - | 60 Month IRA | |
| 1.05% | $2,500 | - | 60 Month Roth IRA | |
| 1.05% | $2,500 | - | 60 Month SEP IRA | |
| 0.85% | $2,500 | - | 48 - 59 Month IRA | |
| 0.85% | $2,500 | - | 48 - 59 Month Roth IRA | |
| 0.85% | $2,500 | - | 48 - 59 Month SEP IRA | |
| 0.65% | $2,500 | - | 36 - 47 Month IRA | |
| 0.65% | $2,500 | - | 36 - 47 Month Roth IRA | |
| 0.65% | $2,500 | - | 36 - 47 Month SEP IRA | |
| 0.55% | $2,500 | - | 24 - 35 Month IRA | |
| 0.55% | $2,500 | - | 24 - 35 Month Roth IRA | |
| 0.55% | $2,500 | - | 24 - 35 Month SEP IRA | |
| 0.32% | $2,500 | - | 12 - 23 Month IRA | |
| 0.32% | $2,500 | - | 12 - 23 Month Roth IRA | |
| 0.32% | $2,500 | - | 12 - 23 Month SEP IRA | |
| 0.17% | $2,500 | - | 6 - 11 Month IRA | |
| 0.17% | $2,500 | - | 6 - 11 Month Roth IRA | |
| 0.17% | $2,500 | - | 6 - 11 Month SEP IRA | |
| 0.07% | $2,500 | - | 3 - 5 Month IRA | |
| 0.07% | $2,500 | - | 3 - 5 Month Roth IRA | |
| 0.07% | $2,500 | - | 3 - 5 Month SEP IRA |
Rates updated: 5/19/2013
Data for Q4 2012
Institution Statistics
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Institution Health
Overall Score:
5 out of 5 
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I Terminated My Application For An Account With This Bank Because I Have Only Received A Single
- Anonymous - Sunday, April 4, 2010 - 4:22 PMI terminated my application for an account with this bank because I have only received a single automated response to my initial application on March 23, 2010. Since that date, I have not received ANY communications from the bank. If they cannot address an application within 12 days, how long will it take to resolve any serious issues? Not a good sign, so I am outta here. First Security isn't worth my time or worthy of my money.
5
Bank Closing All Non-Local Reward Checking Accounts On October, 7 2010
- Anonymous - Tuesday, September 7, 2010 - 12:12 PMI received a secure Email from this bank notifiying me that my reward checking account would be closed on October 7, 2010, only because I do not reside in IA or MN. According to the bank, under the terms of this account, they have the right to close accounts for any reason. Frankly, I think that this is a bad decision by management. Not only did this bank advertise and recruit out-of-state depositors for their reward checking program up til a few months ago, but they made applicants jump through several administrative hoops to open and maintain this type of account. I would have expected this kind of business decision from a Chase or CitiBank, but not from a smaller bank. Perhaps they are trying to preserve the 4.01% APY interest on this account, but this was a poor way in which to go about that goal. I have been banking all over the USA for over 50 years, and this is the very first time that a bank decided they did not want my business and closed my account. SHAME ON FIRST SECURITY BANK & TRUST in CHARLES CITY, IOWA.
3
I Just Checked The Website And It Says IA And MN Residents Only For The High Yield Account
- Anonymous - Wednesday, May 12, 2010 - 1:27 PMI just checked the website and it says IA and MN residents only for the high yield account.
3
No Problems So Far ...
- rog - Wednesday, June 16, 2010 - 7:13 AMEverything seems very professional. You get responses to email and bank mail, and the website interface is user friendly. Hope the rate remains competitive with the other high yield reward accounts in Iowa.
2
I Submitted An Online Request For The High Interest Account And Was Called Back The Next Day
- Anonymous - Tuesday, May 11, 2010 - 10:31 AMi submitted an online request for the high interest account and was called back the next day. the woman who helped me was very effective and i was up and running in less than 2 weeks. the process includes getting a notary to sign your account set-up which is to be expected. the only negative aspect i've seen is that i cannot do an ETF to my other accounts at other banks. This should really be fixed but it isn't a killer.
2
Nationwide Savings Accounts
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BEWARE FIRST SECURITY BANK AND TRUST JUST LIKE TITANIC!!!!!!!!!!!!!
First Security is the lender of one of our neighbors large dairy farm here in Butler County. This is the second Dutch family to call this farm home in four years, previous one lasted about two years. They have left Iowa heartbroken and penniless after a less than supportive role by the bank and returned to Holland. We were blessed with a new neighbor with many years of dairying, who took over the dairy and really cleaned up the mess left behind after the bank shut out our former neighbor. Unfortunately recently I found out from another neighbor that the dairy had undergone a horrible loss to stray voltage. Only to find out they had insurance for this loss that Farm Bureau Insurance has refused even a penny of their losses, they have filed a lawsuit but like most of us who have been involved with insurance companies they fight you to the end hoping you give up or die first, hopefully our congressional people and the insurance commision are on top of this one. However we've learned the story only gets worse the bank has not helped the dairy with one loan to recover and get back in operation at a capacity that will allow them to stay in our community. I fear our state will be labeled like Ohio were they broke ten plus Dutch families of their life savings and hardwork for the gain of a few. Our community has lost so many farms that have beautiful milk cows roaming next to the road, shame on our local bankers to disrespect our community with such a lack of action.