1st Franklin Financial Corp. set senior Demand note interest rates from 1.50% to 2.00%, with effective yields ranging from 1.51% to 2.02% by daily balance. The securities are not bank deposits or federally insured investments, leaving investors reliant on 1st Franklin Financial’s ability to pay principal and interest.

Key Highlights

  • Effective yields on the senior demand notes range from 1.51% to 2.02%.
  • The published rate schedule covers August 27 through September 2 and September 3 through September 9.
  • Daily balances of $50,000 or more receive the highest listed Interest Rate of 2.00%.

1st FRANKLIN FINANCIAL CORP. Set senior demand note interest rates at up to 2.00% across its daily-balance categories. The lowest listed rate is 1.50%, while higher balances receive rates of 1.75% or 2.00%. The schedule applies across two consecutive periods ending September 9.

Two Rate Periods

The first pricing period runs from August 27 through September 2. The second covers September 3 through September 9, and both periods use the same balance-based interest-rate schedule.

Daily balances from $1 to $9,999 receive 1.50% interest. Balances from $10,000 to $49,999 receive 1.75%. The rate rises to 2.00% for daily balances from $50,000 to $99,999 and remains 2.00% for balances of $100,000 and over.

Effective Yields Reach 2.02%

The corresponding effective yields are 1.51% for daily balances from $1 to $9,999. The Yield is 1.77% for balances from $10,000 to $49,999.

Balances from $50,000 to $99,999 carry a 2.02% effective yield. The same 2.02% effective yield applies to daily balances of $100,000 and over.

Investor Protections And Access

Offers and sales are made through a prospectus. The company is authorized by Georgia and South Carolina for other products available only in those states.

Source(s)

  • https://www.sec.gov/Archives/edgar/data/38723/000162828026059185/prospectussuppsdn.htm