Bank · FDIC insured
First State Bank Savings Rates
First State Bank’s best savings rate is 3.00% APY on $10,000, with its Purpose Money Market Account. Rates checked October 16, 2026.
How First State Bank’s savings rates compare
Compared with banks and credit unions near Detroit, MI, where First State Bank has the most branches. $10,000, best rate first.
This bank’s best
First State Bank
3.25%APY
- Requires
- Another account
- Minimum
- $0
- Earns on $10,000 a year
- $325
ICS - Insured Cash Sweep (Savings)
Top rate
Ignite Credit Union
5.00%APY
- Requires
- Monthly account activity
- Minimum
- $0
- Earns on $10,000 a year
- $500
2nd-highest rate
Flagstar Bank
4.00%APY
- Requires
- None
- Minimum
- $1
- Earns on $10,000 a year
- $400
First State Bank savings score
81
Savings score
Higher than 56% of U.S. banks and credit unions
- $1,000 balance$1,0000.01%
- $10,000 balance$10,0003.00%
- $100,000 balance$100,0004.00%
- QualifiedQualified3.00%
Each track runs from the lowest to the highest rate among U.S. banks and credit unions; the dot is this rate.Qualified: needs another account or monthly activity.
Where First State Bank ranks
By savings score, in each area where it has branches
Every rate
Current savings rates
Rates from the bank’s website. Earnings assume the rate doesn’t change.
Purpose Money Market Account
3.00%APY
Six debits per month included. $10 monthly service charge if the average monthly balance falls below $10,000. Excess Debit is $10 for each excess debit over 6 per month. Variable rates may change at any time.
| Balance | APY | Minimum | Earns on $10,000 a yearEarns | Requirement |
|---|---|---|---|---|
| Up to $999Monthly fee waived if average monthly balance is $10,000 or more. · $1,000 to open | 0.01% | $1,000 | — | Monthly fee waived if average monthly balance is $10,000 or more. |
| $1,000 – $4,999Monthly fee waived if average monthly balance is $10,000 or more. · $1,000 to open | 2.50% | $1,000 | — | Monthly fee waived if average monthly balance is $10,000 or more. |
| $5,000 – $24,999Monthly fee waived if average monthly balance is $10,000 or more. · $1,000 to open | 3.00% | $1,000 | $300 | Monthly fee waived if average monthly balance is $10,000 or more. |
| $25,000 and upMonthly fee waived if average monthly balance is $10,000 or more. · $1,000 to open | 3.50% | $1,000 | — | Monthly fee waived if average monthly balance is $10,000 or more. |
| $50,000 and upAnniversary Money Market Special / Promotional offer. Accurate as of 10/01/2026. Limit one account per Tax ID. Minimum of $50,000 to open and earn APY required. Current customers may transfer up to $10,000 from another First State Bank account, with remaining funds new money to First State Bank. Promotional rate fixed for 90 days from account opening; automatically converts to Purpose Money Market standard rates thereafter. Account must be opened by 12/31/2026. Limit one account transfer offer per tax-reported owner. · $50,000 to open | 4.00% | $50,000 | — | Anniversary Money Market Special / Promotional offer. Accurate as of 10/01/2026. Limit one account per Tax ID. Minimum of $50,000 to open and earn APY required. Current customers may transfer up to $10,000 from another First State Bank account, with remaining funds new money to First State Bank. Promotional rate fixed for 90 days from account opening; automatically converts to Purpose Money Market standard rates thereafter. Account must be opened by 12/31/2026. Limit one account transfer offer per tax-reported owner. |
ICS - Insured Cash Sweep (Savings)
3.25%APY
The minimum aggregate deposit amount for the Promontory Interfinancial Network is $250,000. Rate may change after opening.
| BalanceRequirement | APY | Earns on $10,000 a yearEarns | Requirement |
|---|---|---|---|
| Any balanceNo minimum deposit required to open an ICS account. Minimum aggregate deposit amount for Promontory Interfinancial Network is $250,000.Any balance | 3.25% | $325 | No minimum deposit required to open an ICS account. Minimum aggregate deposit amount for Promontory Interfinancial Network is $250,000. |
Premium Account
0.01%APY
Variable rate subject to change.
| Balance | APY | Earns on $10,000 a yearEarns |
|---|---|---|
| Up to $2,499 | 0.01% | — |
| $2,500 – $9,999 | 0.01% | — |
| $10,000 – $24,999 | 0.01% | $1 |
| $25,000 – $49,999 | 0.01% | — |
| $50,000 – $99,999 | 0.01% | — |
| $100,000 and up | 0.01% | — |
Sources (1)
- fsb.bank/Rate-Center · captured Oct 5, 2026
Statement Savings
0.01%APY
Variable rate subject to change. $2 monthly fee if $100 minimum daily balance is not maintained, which increases to $7 if account is inactive 730 days and balance is under $500.
| Balance | APY | Earns on $10,000 a yearEarns | Requirement |
|---|---|---|---|
| Up to $9,999Monthly fee waived with $100 minimum daily balance; fee increases to $7 if account is inactive for 730 days and balance is under $500. | 0.01% | — | Monthly fee waived with $100 minimum daily balance; fee increases to $7 if account is inactive for 730 days and balance is under $500. |
| $10,000 – $49,999Monthly fee waived with $100 minimum daily balance; fee increases to $7 if account is inactive for 730 days and balance is under $500. | 0.01% | $1 | Monthly fee waived with $100 minimum daily balance; fee increases to $7 if account is inactive for 730 days and balance is under $500. |
| $50,000 and upMonthly fee waived with $100 minimum daily balance; fee increases to $7 if account is inactive for 730 days and balance is under $500. | 0.01% | — | Monthly fee waived with $100 minimum daily balance; fee increases to $7 if account is inactive for 730 days and balance is under $500. |
Special-purpose accounts
Holiday Savings Club
0.01%APY
Save throughout the year; funds disbursed November 2 (or next business day). Variable rate subject to change.
| Balance | APY | Earns on $10,000 a yearEarns | Requirement |
|---|---|---|---|
| Up to $2,000Funds disbursed November 2 (or next business day). | 0.10% | — | Funds disbursed November 2 (or next business day). |
| $2,001 – $9,999Funds disbursed November 2 (or next business day). | 0.01% | — | Funds disbursed November 2 (or next business day). |
| $10,000 – $49,999Funds disbursed November 2 (or next business day). | 0.01% | $1 | Funds disbursed November 2 (or next business day). |
| $50,000 and upFunds disbursed November 2 (or next business day). | 0.01% | — | Funds disbursed November 2 (or next business day). |
Health Savings Account (HSA)
0.05%APY
Requires a high-deductible health plan. Variable rate subject to change. One-time $20 setup fee.
| Balance | APY | Earns on $10,000 a yearEarns | Requirement |
|---|---|---|---|
| Up to $2,499Requires a high-deductible health plan. Plus, one-time $20 setup fee. | 0.05% | — | Requires a high-deductible health plan. Plus, one-time $20 setup fee. |
| $2,500 – $9,999Requires a high-deductible health plan. Plus, one-time $20 setup fee. | 0.05% | — | Requires a high-deductible health plan. Plus, one-time $20 setup fee. |
| $10,000 – $24,999Requires a high-deductible health plan. Plus, one-time $20 setup fee. | 0.05% | $5 | Requires a high-deductible health plan. Plus, one-time $20 setup fee. |
| $25,000 – $49,999Requires a high-deductible health plan. Plus, one-time $20 setup fee. | 0.05% | — | Requires a high-deductible health plan. Plus, one-time $20 setup fee. |
| $50,000 – $99,999Requires a high-deductible health plan. Plus, one-time $20 setup fee. | 0.05% | — | Requires a high-deductible health plan. Plus, one-time $20 setup fee. |
| $100,000 and upRequires a high-deductible health plan. Plus, one-time $20 setup fee. | 0.05% | — | Requires a high-deductible health plan. Plus, one-time $20 setup fee. |
Minor Savings
0.01%APY
For individuals under 18. Variable rate subject to change. $2 monthly fee if $25 minimum daily balance is not maintained. Up to 5 withdrawals per month allowed; thereafter $2 fee per withdrawal.
| Balance | APY | Earns on $10,000 a yearEarns | Requirement |
|---|---|---|---|
| Up to $9,999Eligibility: Under 18 years old. Monthly fee waived with $25 minimum daily balance. Up to 5 withdrawals per month allowed; thereafter $2 per withdrawal. | 0.01% | — | Eligibility: Under 18 years old. Monthly fee waived with $25 minimum daily balance. Up to 5 withdrawals per month allowed; thereafter $2 per withdrawal. |
| $10,000 – $49,999Eligibility: Under 18 years old. Monthly fee waived with $25 minimum daily balance. Up to 5 withdrawals per month allowed; thereafter $2 per withdrawal. | 0.01% | $1 | Eligibility: Under 18 years old. Monthly fee waived with $25 minimum daily balance. Up to 5 withdrawals per month allowed; thereafter $2 per withdrawal. |
| $50,000 and upEligibility: Under 18 years old. Monthly fee waived with $25 minimum daily balance. Up to 5 withdrawals per month allowed; thereafter $2 per withdrawal. | 0.01% | — | Eligibility: Under 18 years old. Monthly fee waived with $25 minimum daily balance. Up to 5 withdrawals per month allowed; thereafter $2 per withdrawal. |
Opening an account
Confirm the bank’s opening requirements and whether the account is available where you live. A nearby branch does not establish eligibility for every rate.