TOGETHER, with you - let us know how we can help.

Additional funding for PPP loans is now available from the SBA .  We continue to accept and process applications for submittal to the SBA. If you are interested in applying for a PPP loan, you can learn more and apply here.  

TOGETHER, with you - let us know how we can help.

We expect to re-open all lobbies on Monday, June 8 and will be so happy to see you again.  We will be practicing CDC guidance including wearing masks and social distancing.  We encourage making appointments if you need to see a bank associate.  Our drive-thrus continue to be available during normal business hours.  

Funding for PPP loans is still  available from the SBA and we continue to accept and process applications. If you are interested in applying, you can learn more and APPLY HERE.  

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First Bank and Trust

Rates

Our bank rates are structured to deliver more for your money.

Save more on loans - earn more on deposits.         Rates current as of 04/29/2020

Whether you're in the market for the right business account or need to reach a personal financial goal, First Bank and Trust provides you several banking solutions. Customers' reasons for turning to us are as varied as the people we serve in our Louisiana, Mississippi and Florida communities. From auto loans and mortgages to checking, savings, Certificates of Deposit (CDs), and more we'll help you find the best solution for your individual needs - all at competitively priced rates and annual percentage yields (APY).

Checking - Rates and APY current as of 04/07/2020

Checking

Product Tiers Current Posted Rate Current Posted APY
Marquis Banking $1,500.00 and over 0.05% 0.05%
Green Checking up to $1,499.99 0.00% 0.00%
Green Checking $1,500.00 - $4,999.99 0.05% 0.05%
Green Checking $5,000.00 - $24,999.99 0.10% 0.10%
Green Checking $25,000.00 - $49,999.99 0.15% 0.15%
Green Checking $50,000.00 and over 0.15% 0.15%

Commercial Interest Checking

Product Tiers Current Posted Rate Current Posted APY
Commercial Interest Checking All balances earn interest 0.05% 0.05%

Interest on Lawyers Trust Acct (NOW)

Product Tiers Current Posted Rate Current Posted APY
IOLTA NOW Daily balances 0.25% 0.25%

CDs and IRAs - Rates and APY current as of 04/29/2020

Certificates of Deposit

Product Current Posted Rate Current Posted APY
6 month (91-180 day) CD 0.70% 0.70%
9 month (181-364 day) CD 0.75% 0.75%
12 month (12-17 month) CD 0.90% 0.90%
18 Month (18 – 23 months) CD 0.90% 0.90%
24 Month (24 – 35 months) CD 0.95% 0.95%
36 Month (36 – 47 months) CD 1.00% 1.01%
48 Month (48 – 59 months) CD 1.10% 1.11%
60 Month (60 months) CD 1.20% 1.21%

IRA CDs

Product Current Posted Rate Current Posted APY
6 month IRA CD 0.70% 0.70%
12 month IRA CD 0.90% 0.90%
18 month IRA CD 0.90% 0.90%
24 month IRA CD 0.95% 0.95%
36 month IRA CD 1.00% 1.01%
48 Month IRA CD 1.10% 1.11%
60 month IRA CD 1.20% 1.21%

Relationship CD (w/ Marquis)

Product Current Posted Rate Current Posted APY
6 month Relationship Banking CD 0.75% 0.75%
1 year Relationship Banking CD 0.95% 0.95%

Disclaimers

Stated Annual Percentage Yields (APYs) assumes funds will remain on deposit for the stated term.

Rates may change at any time without notice.

Fees may reduce earnings.

Minimum to open CDs and IRAs are $1000 unless otherwise stated.

A penalty may be imposed for early withdrawal. If IRA funds are withdrawn prior to maturity, an early withdrawal and distribution penalties may apply; check with your tax advisor.

Maturity notices are sent on all CDs and IRAs fifteen days prior to maturity.

Interest is compounded daily and paid monthly. Interest can be paid into an internal or external account or remain on deposit in your account. 

1Limited time offer, can be withdrawn at any time without notice. 

Money Market - Rates and APY current as of 03/17/2020

Money Market

Product Tiers Current Posted Rate Current Posted APY
Black & Gold MMA less than $25,000.00 0.25% 0.25%
Black & Gold MMA $25,000.00 - $99,999 0.30% 0.30%
Black & Gold MMA $100,000.00 and over 0.35% 0.35%

High Yield Money Market

Product Tiers Current Posted Rate Current Posted APY
High Yield MMA less than $50,000 0.25% 0.25%
High Yield MMA $50,000 and over 0.50% 0.50%

Savings - Rates and APY current as of 03/15/2019

Preferred Savings

Product Tiers Current Posted Rate Current Posted APY
Preferred Savings less than $2,500.00 0.05% 0.05%
Preferred Savings $2,500.00 to $9,999.99 0.08% 0.08%
Preferred Savings $10,000 and over 0.13% 0.13%

First HSA

Product Tiers Current Posted Rate Current Posted APY
First HSA less than $2,500.00 0.30% 0.30%
First HSA $2,500.00 to $4,999.99 0.30% 0.30%
First HSA $5,000.00 to $14,999.99 0.30% 0.30%
First HSA $15,000.00 and over 0.30% 0.30%

Home and Mortgage Loans

Current Prime Rate (WSJ) is 3.25%

Updated on 03/17/2020

 

Home Equity Term Loan

Product Terms Rate Origination Fee
Home Equity Term Loan 3/1 ARM 1.25% + WSJ 1%

Home Equity Line of Credit (HELOC)*

Product Terms Rate Origination Fee
Floating Rate: Margin + WSJ 10 Year Maturity 1.00% + WSJ Floating N/A
2.99% Fixed First 6 months Carve Out - 3/1 ARM 1.25% + WSJ $100

Lot Loans

Product Terms Rate Origination Fee
Lot Loan Interest Only - Up to 12 months 0.50% + WSJ 1%
Lot Loan 3-year initial rate readjusting annually - up to 10 years 0.75 + WSJ 1%

Construction Loans

Product Terms Rate Origination Fee
Floating Rate: Margin + WSJ Interest Only - Up to 12 months 1.00% + WSJ 1%

Bridge Loan

Product Terms Rate Origination Fee
Bridge Loan Interest Only - Up to 12 months 2.00% + WSJ 1% (waived if permanent financing is with FBT Mortgage)

Mortgage Loans
Offered through FBT Mortgage
NMLS# 561934

Typically, customers finance their mortgage needs through our wholly-owned subsidiary, FBT Mortgage.  Mortgage rates change frequently along with the market – at times, rates could change several times a day.  To get current Mortgage Rates, please contact FBT Mortgage at www.fbtmortgage.com or: 

 

Phone:  228-872-1020
Email:  Mortgageadmin@fbtonline.com
Address:  6911 Washington Avenue
Ocean Springs, MS  39564

Products Base Rate Fixed Margin Terms Rate Origination Fee
New Vehicle Prime + 1.75% Up to 5 Year Term - Fixed Rate WSJ +2 1.00%
Used Vehicle Prime + 1.50% 1 - 2 Year Old - Fixed Rate 7.00%
Used Vehicle Prime + 2.00% 3 Year Old - Fixed Rate 7.50%
Used Vehicle Prime + 2.00% 4 and Older - Fixed Rate 7.50%
New Boat Prime + 2.25% Up to 5 Year Term - Fixed Rate WSJ + 2.25%
Used Boat Prime + 4.25% Up to 5 Year Term - Fixed Rate WSJ + 4.25%
New Motorcycle Prime + 2.25% Up to 5 Year Term - Fixed Rate WSJ +2.25%
Used Motorcycle Prime + 4.25% Up to 5 Year Term - Fixed Rate WSJ +4.25%
New Jetski Prime + 2.25% Up to 5 Year Term - Fixed Rate WSJ +2.25%
Used Jetski Prime + 4.25% Up to 5 Year Term - Fixed Rate WSJ + 4.25%
New RV Prime + 2.25% Up to 5 Year Term - Fixed Rate WSJ + 2.25%
Used RV Prime + 4.25% Up to 5 Year Term - Fixed Rate WSJ + 4.25%
Secured Term/LOC CD Rate + 2.00% CD Term >= Term of Loan (Fixed Rate) CD + 2.00%
Secured Term/LOC Savings Rate + 2.00% Savings = Acct held for duration of Loan (Floating Rate) SAV + 2.00%
Brokerage Account Secured Prime + 1.00% Up to 1 Year Term WSJ +1.00%
Unsecured Personal Line* Prime + 8.25% $0 - $4,999 WSJ + 8.25%
Unsecured Personal Line* Prime + 5.75% $5,000 - $14,999 WSJ +5.75%
Unsecured Personal Line* Prime + 5.00% $15,000 - $24,999 WSJ +5.00%
Unsecured Personal Line* Prime + 2.00% $25,000 - $49,999 WSJ +2.00%
Unsecured Personal Line* Prime + 1.00% $50,000 and over WSJ +1.00%
Secured Personal Line** Prime + 2.00% Int Only - Up to 12 months WSJ Floating + 2.00%
Unsecured Personal Term Prime + 1.00% Fully Amortized - Less than 12 months 6.50%
Unsecured Personal Term Prime + 2.00% Int. Only - Up to 3 years 7.50%
Unsecured Personal Term Prime + 3.00% Up to 3 Year Term - Fixed Rate 8.50%
Visa Classic Prime + 11.65% Effective Rate 15.90%
Visa Platinum Prime + 8.65% Effective Rate 12.90%

Disclaimer

1All loans subject to credit approval

2Wall Street Journal (WSJ) Prime Rate - 3.25% effective 03/17/2020

3 Deposit Balances are insured up to the applicable FDIC limits. A bank associate can provide you with detailed information about FDIC insurance or you can learn more by visiting fdic.gov/deposit/deposits/faq.html