FCB Banks Has Top Rate 29-month CD Special - Locally Available


UPDATE 12/15/2014: Rates have been raised on 29-month CD (1.80%/1.85% APY) and 45-month CD (2.10%/2.15% APY).

FCB Banks (southwestern Illinois, metropolitan St. Louis area) has added two very attractive CD Specials to its product line: a 29-month CD (1.65% APY) and a 45-month CD (1.80% APY).

The minimum opening deposit for either CD is $1K and there is no maximum balance cap. As stated on FCB’s Certificate of Deposit information page, the Early Withdrawal Penalty reads,

If the term of the certificate is greater than 12 months, the penalty will be 12 months simple interest on the amount withdrawn. Any interest that has compounded becomes part of the principal and the same penalty applies for withdrawals of compounded interest.
0.20%$500-FCB Banks49ER Gold Club Checking
Accounts mentioned in this post. Rates as of October 24, 2016.

49er Checking Bonus Rate

An additional 5 basis points can be added to the APY for either CD (29-month 1.70% APY, 45-month 1.85% APY) by maintaining a "49er Checking" account throughout the term of the CD. The minimum opening deposit for a 49er Checking account is $500. The $12 monthly service fee can be avoided by maintaining a $500 minimum daily balance. This account also offers a maximum of $10 in ATM rebates (5 at $2) per monthly statement cycle if the $500 minimum daily balance is maintained.

If the interest rate and annual percentage yield on your certificate includes a 49er or Super Special bonus rate, the checking account which qualified the certificate for a bonus rate must remain open for the term of the certificate. If the account is closed, the certificate interest rate and annual percentage yield will be lowered by the amount of the bonus.


FCB Banks is divided into two divisions: First Collinsville Bank and First County Bank, hence the FCB Banks name. Located in southwestern Illinois, FCB Banks also serves the St. Louis Metro East area. In fact, all of FCB Banks’ branches are located closer to St. Louis, than to any large Illinois city. FCB Bank’s services and product line are available to all residents of Illinois and the St. Louis metropolitan area.

While FCB Banks offers account management online banking services, opening an account requires in-person visit to any of 13 Illinois branches located in Albers, Belleville, Caseyville, Collinsville (2), Edwardsville, Highland, Maryville, New Baden, O’Fallon, Swansee, Trenton, and Troy, or the single St. Louis, Missouri branch.

Bank Overview

FCB Banks has an overall health rating of "B+" at DepositAccounts.com, with a Texas Ratio of 11.89% (above average), as of June 30, 2014. FCB Banks has an above average capitalization level of 10.44%, a result of holding $414.86 Million in assets, with $43.3 Million in equity. Please refer to our financial overview of FCB Banks for more details.

Locally owned and managed, FCB Banks (FDIC Certificate # 10887) has served the Metro East area (St. Louis metro area and southwestern Illinois) for three generations. FCB Banks’ mission is to continue to maintain the same quality customer service and competitive product line offered by its original banks (established in 1915).

Our goal at FCB has never been to be the biggest, but to be the best at providing top notch service to the customers we serve.

How the CDs Compare

Of the two CDs, the 29-month CD Special has the more competitive rate. When compared to other similar length-of-term CDs tracked by DepositAccounts.com, requiring a similar minimum deposit and available to Illinois residents, FCB Banks’ 29-month CD Special is clearly competitive:

The above rates are accurate as of 11/28/2014.

To look for the best nationwide CD rates and the best CD rates in your state, please refer to our CD rates table.