First Robinson Savings Bank (IL/IN) Has Competitive Rate 48-Month CD


Availability: Southeast Illinois and Southwest Indiana

Last week, First Robinson Savings Bank N.A. (First Robison) raised the rate on its 48-month CD (2.02% APY). This was the first rate increase for the 48-month CD in almost five years.

The minimum opening deposit is $500 and there is no maximum balance cap.

According to a very pleasant and helpful CSR, the Early Withdrawal Penalty is six months interest.

Kasasa Cash

First Robinson also has a Kasasa Cash checking account that earns 2.01% on qualifying balances up to $15K; qualifying balances over $15K earn 0.25%. The monthly qualifications requirements are:

  • At least 10 debit card purchases post and settle.
  • At least one automatic payment (ACH), direct deposit, or bill pay transaction post and settle.
  • Be enrolled in and receive eStatements.
1.00%-$15kFirst Robinson Savings Bank N.A.Kasasa Cash - Principle
Rates as of March 4, 2024.


Headquartered in Robinson, Illinois, First Robinson Savings Bank, N.A. offers its services and product line to residents of Southeastern Illinois and Southwestern Indiana.

Opening an account of any kind must be done in person at any of three Illinois branches located in Oblong, Palestine, and Robinson or at the sole Indiana branch located in Vincennes. First Robinson’s online banking services are currently limited to account management and bill payments.

Bank Overview

First Robinson Savings Bank N.A. has an overall health rating of "B+" at, with a Texas Ratio of 4.63% (excellent), as of March 31, 2015 data. In the past year, First Robinson has increased its total deposits by $2.78 Million, an above average annual growth rate of 1.32%. Please refer to our financial overview of First Robinson Savings Bank N.A. for more details.

First Robinson Savings Bank N.A. (FDIC Certificate # 28105) has been providing financial services to Wabash Valley since 1884. The nearby Wabash River forms the Illinois and Indiana border for the southern half of both states. First Robinson is an independent, locally-owned community bank that was named to "American Banker" magazine’s Top 100 Banks in 2014.

How the CD Compares

When compared to other similar length of term CDs tracked by, requiring a similar minimum deposit and available to Illinois/Indiana residents, First Robinson Savings Bank’s 48-month CD is competitive.

The above rates are accurate as of 6/22/2015.

To search for nationwide CD rates and CD rates in your state, please refer to the CD rates section of

Related Pages: First Robinson Savings Bank N.A., Terre Haute

  |     |   Comment #1
What am I missing here?

Southwest Illinois and southeast Indiana makes no sense.  I would think it would be southeast Illinois and southwest Indiana.  Indiana is east of Illinois.
  |     |   Comment #2
Agree.  The geography listed for availability is clearly wrong.  It says Southwest Illinois and Southeast Indiana.  But that would be two areas far apart.  How about Southwest Indiana and Southeast Illinois ??
3.51% Reward Checking Account at an Illinois Bank (First Robinson Savings)
Update 9/07/09: The top rate has fallen to 3.51% APY.

First Robinson Savings Bank N.A. has a reward checking account called Kasasa Cash that pays 3.51% APY on balances up to $25,000 (1.01% for above) and refunds ATM fees if the following monthly requirements are met: 1) 10 debit card transactions, 2) pay one bill payment online, and 3) receive account statements electronically. If these are not met, the rate falls to 0.25%. There are no minimum balance requirements and no monthly fees.

The bank lists the following restriction for new accounts:


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