Interest Rate Listing
1ˢᵗ Franklin offers investment options to the public in the form of Senior Demand Notes, Variable Rate Subordinated Debentures, and Commercial Paper. The interest rate listing tables compare the rate of return of the different investment options. The Senior Demand Notes and Variable Rate Subordinated Debentures are registered with the Securities and Exchange Commission and with state securities departments in the state(s) where offered.
Senior Demand Notes
| Daily Balance | $1 - $9,999 | $10,000 to $49,000 | $50,000 to $99,000 | $100,000 and over |
|---|---|---|---|---|
| Effective Yield (a) | 1.51 | 1.77 | 2.02 | 2.02 |
| Interest Rate | 1.50 | 1.75 | 2.00 | 2.00 |
(a) Compounded daily based on a 365/366 day year.
Variable Rate Subordinated Debentures
| Interest Adjustment Periods (A) | Effective Yield (b) | Interest Rates (c) | Minimum Investment Amount |
|---|---|---|---|
| 1 Months | 1.77 | 1.75 | $500 |
| 3 Months | 1.77 | 1.75 | $500 |
| 6 Months | 5.13 | 5.00 | $500 |
| 1 Year | 5.66 | 5.50 | $500 |
| 2 Years | 5.66 | 5.50 | $500 |
| 4 Years | 4.61 | 4.50 | $500 |
(a) At the end of this period, the interest rate will be adjusted. Debentures mature four years from their date of issue, subject to earlier redemption as provided for therein. Redemption at any other time other than during the grace period is at the discretion of the Company and is subject to an interest penalty. Absent redemption by the holder at maturity, the term of the Debenture will be extended for one four-year period, subject to the same redemption rights.
(b) Compounded daily based on a 365/366 day year.
(c) Interest is earned daily and will be paid promptly upon a holder’s request. Otherwise, principal and interest are payable at maturity.
Commercial Paper
| Term | Interest Rate |
|---|---|
| 30-59 Days | 4.00 |
| 60-89 Days | 4.50 |
| 90-179 Days | 5.00 |
| 180-260 Days | 6.00 |
This is not an offer to sell or the solicitation of an offer to purchase these securities. Any offer or sales of Senior Demand Notes and Variable Rate Subordinated Debentures will be made only by a Prospectus. We are not a bank. Investments offered by 1ˢᵗ Franklin Financial Corporation are not bank deposits or obligations and are not insured by the FDIC, SIPC or any other federal or state agency. Investors must rely solely on the Company’s ability to pay principal and interest on its investment securities.
