Competitive CD Rate and Reward Checking Rate at First Bank in Florida


0.60%-$25kFirst Bank (FL)Kasasa Cash
0.30%-$25kFirst Bank (FL)Kasasa Saver
Rates as of July 6, 2022.

First Bank is offering competitive rates on both its high-yield reward checking account and some of its CD rates. The best CD is currently its 30-month term which has a 2.53% APY as of 8/26/10. Minimum deposit is $10,000. The reward checking account called Kasasa Cash has a 3.51% APY on balances up to $25K. There's also a companion savings account called Kasasa Saver with a 1.61% APY on balances up to $25K. These rates are listed in the bank's rates page as of 8/26/2010.

I first reviewed this checking account a year ago in my First Bank reward checking review post. One thing that has changed is that you can now apply online. This is also true for the certificates of deposit. From the application, it appears to be available to all Florida residents. Here's what the page states:

First Bank is a community bank serving the residents of the state of Florida. By proceeding you confirm your residency in Florida. Thank you for considering us for your banking needs.

Branches are located in Southwest Florida in the cities of Clewiston, LaBelle, Fort Myers and Moore Haven.

The bank has an overall health score of 3 out of 5 at with a Texas Ratio of 33.85%. This is based on 3/31/10 financial data. Please refer to our financial overview of First Bank for more details. The bank has been a FDIC member since 1934 (FDIC Certificate # 9620).

Other High-Yield CDs and Reward Checking Accounts

Related Pages: CD rates, First Bank (FL), West Palm Beach, Ft. Myers

High-Yield Reward Checking Account at First Bank in Southwest Florida - Local Only

Update 3/2/11: The top rate has fallen from 3.51% to 2.51% APY.

First Bank is offering a reward checking account called Kasasa Cash. The account offers the following rates and features if certain monthly requirements are met:

  • 2.51% APY on balances up to $25,000
  • 0.51% APY on all amounts above $25,000
  • 0.05% base rate if requirements are not met
  • ATM fee refunds of up to $25 per cycle

The monthly requirements include:

  • 12 debit card purchases
  • One direct deposit or ACH auto debit
  • Receive e-statements

Additional rates and features of the account regardless of the monthly requirements include:

  • $100 minimum initial...
Continue Reading

The financial institution, product, and APY (Annual Percentage Yield) data displayed on this website is gathered from various sources and may not reflect all of the offers available in your region. Although we strive to provide the most accurate data possible, we cannot guarantee its accuracy. The content displayed is for general information purposes only; always verify account details and availability with the financial institution before opening an account. Contact [email protected] to report inaccurate info or to request offers be included in this website. We are not affiliated with the financial institutions included in this website.