First State Bank of Forrest Rates & Review

First State Bank of Forrest Review

Established in 1914, First State Bank of Forrest is a local Illinois bank featuring three branch locations and $62 million in assets.

Checking account choices

Checking account options at First State Bank of Forrest include a no minimum balance student checking account, a regular checking account with no service charges when a minimum balance is met, and interest-bearing accounts including a money market account. For regular checking account plans, a monthly service charge is levied when the account balance falls below the minimum.

Savings account selections

First State Bank of Forrest offers savings account plans including a Christmas Club account which pays accrued interest once a year, and a range of savings account options featuring different annual percentage yields. Options available include a savings account requiring a minimum balance of $1, up to an account paying the highest bank savings rates for minimum balances over $25,000.

Investment ideas

The bank offers certificates of deposit (CDs) and Individual Retirement Accounts (IRAs), both currently with terms from 91 days to 24 months.

Loan listings

First State Bank of Forrest offers commercial, agricultural, mortgage, consumer, vehicle, and personal loans.

Banking services

Services offered at First State Bank of Forrest include online banking, trust services, safety deposit boxes, night deposit, vehicle license sticker renewal, and wire transfer. Customers can bank in person at the Forrest, Fairbury or Onarga branches, or bank anytime online or at any of the bank's ATMs.

Deposit insurance

First State Bank of Forrest is a member bank of the Federal Deposit Insurance Corporation. The temporary increase in FDIC coverage from $100,000 to $250,000 per depositor was made permanent in July 2010. All eligible deposits are FDIC-insured up to at least $250,000 per depositor. Joint accounts are FDIC-insured up to at least $250,000 per account holder.

Compare savings account rates from First State Bank of Forrest and more than 400 other banks at SavingsAccounts.com.