First Trust & Savings Bank has a new CD rate promotion that offers consumers in Whiteside and Rock Island county Illinois with a rate of return that is almost five times the national average rate.

The bank’s special rate promotion is available on a 13 month and 16 month term certificate.  The 13 month CD rate is 1.10% and the 16 month CD rate is 1.60%.  The national average rate for a comparable, one year CD is 0.22% while the national average for a two year certificate is 0.36%.  Clearly, the rate offer by First Trust & Savings Bank of Albany, IL is head and shoulders above the competition.

The special 13 month and 16 month CD require a $5,000.00 minimum opening deposit which must be new funds to First Trust & Savings Bank.  Interest earned on these accounts may be directly deposited into a separate First Trust & Savings Bank account, paid to the account holder by check, or added to CD balance for compound interest earnings.

Additional savings products are available through the bank including CDs with maturities ranging from 91 days to 5 years.  The minimum investment for the bank’s standard CDs is $1,000.00.  Accounts are automatically renewable after 10 day grace period.  A penalty may be imposed for early withdrawal.  Rates are current as of August 25, 2016 and are subject to change prior to opening an account.

First Trust & Savings Bank is one of the top 200 largest banks based in Illinois with almost $225 million in total assets.  The bank operates four branches in Northwestern Illinois.  First Trust has been serving this region in the Prairie State since 1902.

More information about the bank and the bank rates available in Illinois can be obtained by visiting the bank web site at or by calling the main customer service number in Albany at 309-887-4335, at the Erie branch at 309-659-2211, the Port Byron branch at 309-848-9111, or the Hillsdale branch at 309-658-2203 during normal business hours.

Consumers in Northwestern Illinois looking for a safe place to invest their money with a guaranteed high interest rate over a pre-determined period may find the CD rates at First Trust & Savings Bank are just the solution they need.

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