First Bank and Trust (LA) Has 23-Month CD Special, 3.05% APY


Deal Summary: Dream CD Specials – 13-month (2.84% APY), 23-month (3.05% APY), $1k minimum deposit.

Availability: The market area is seven Louisiana parishes, Mississippi’s Gulf Coast, and Florida’s Emerald Coast.

Louisiana-based First Bank and Trust is currently offering two Dream CD Specials: 13-month (2.84% APY) and 23-month (3.05% APY). These limited-time CDs both require a minimum $1k opening deposit. I asked CSR why these Specials are called Dream; she said the CD Specials could help you save to “make your dreams come true.”

While the 23-month is available as an IRA (Traditional and Roth), the 13-month is only offered as a CD. The 23-month IRA earns the same 3.05% APY with the same funding requirements.

According to CSR, the Early Withdrawal Penalty for the 13-month is 90 days interest, and 180 days interest for the 23-month, with partial withdrawals permitted.


Headquartered in New Orleans, First Bank and Trust’s primary market area includes the Louisiana parishes of East Baton Rouge, Jefferson, Livingston, Orleans, St. Tammany, and Tanipahoa, Mississippi’s Gulf Coast, and Florida’s Emerald Coast.

Opening a Dream CD Special can be done at any of the Louisiana branches located in Amite, Baton Rouge, Covington, Hammond, Harvey, Lafayette, Metairie (2), New Orleans (2), Slidell, and Springfield. The Bank also has a branch in Destin (FL) and a branch in Biloxi (MS).

Existing First Bank and Trust customers can open a Dream CD Special through their Online Banking account.

Bank Overview

First Bank and Trust has an overall health grade of "A" at, with a Texas Ratio of 5.54% (excellent), based on December 31, 2018 data. In the past year, the Bank has increased its total non-brokered deposits by $756 million, an above average annual growth rate of 0.95%. Please refer to our financial overview of First Bank and Trust (FDIC Certificate # 33405) for more details.

First Bank and Trust opened its doors for business in 1991, following the acquisition of First City Bank (New Orleans). Between 2001 and 2009, First Bank and Trust acquired four more banks: Metro Bank (Kenner, LA), Peoples Bank of Louisiana (Amite, LA), First Bank and Trust of Mississippi (Winona, MS), and Globe Homestead Savings Bank (Metairie, LA). First Bank and Trust is currently Louisiana’s 13th largest bank with assets in excess of $923 million.

How the Dream CD Specials Compare

When compared to the similar length-of-term CDs tracked by that require a similar minimum deposit and available within the market area, First Bank and Trust’s 23-month Dream CD Special APY currently shares the top spot with Jefferson Financial Federal Credit Union’s 24-month Share Certificate.

When compared to the similar length-of-term CDs tracked by that require a similar minimum deposit and available within the market area, First Bank and Trust’s 13-month Dream CD Special APY currently ranks third.

The above rates are accurate as of 4/15/2019.

To search for the best CD rates, both nationwide and state specific, please refer to our CD rates table page.

Related Pages: 1-year CD rates, 5-year CD rates

2.98% 24-Month CD at First Bank & Trust in Lubbock Texas - Local Only
Update 9/04/09: The 24-month CD rate has fallen to 2.30% APY.

First Bank & Trust is offering a 24-month CD special with a 2.98% APY. Minimum deposit is $10,000. This special is listed at the bank's CD page as of 8/27/09.

It appears that a branch visit is required. Branches are located in the Texas cities of Lubbock, Tahoka and Wilson.

The bank's ratings for safety and soundness are strong: 4 stars (excellent) at BauerFinancial and 4 stars (sound) at Both ratings are based on 3/31/09 financial data.

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5.25% 36-Month CD at First Bank & Trust in Louisiana
Update 11/20/08: It has been reported that the bank has ended this CD promotion. Please check with the bank for the latest rates and specials.

First Bank & Trust has a CD promotion with a 36-month CD paying 5.25% APY as of 11/19/08. The minimum deposit is $1,000, and it must be new money.

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