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Personal Savings

Whether you’re just beginning to save or are an experienced investor, Farmers State Bank offers several savings account choices to help your money grow. In addition, ATM cards, online banking, automatic transfers, telephone banking and coin counting are available with these accounts.

Savings Accounts

  • $25 minimum to open account
  • $100 balance to receive interest
  • $1.50 service charge per quarter if average balance is below $100
  • $.50 charge per withdrawal for all withdrawals over 12 in a quarter
  • Fees waived for minors and seniors
  • Custodial Savings Accounts for Youths (UTMAs) also available

Money Market Savings Accounts

  • Interest rates tiered based on balance
  • $5 monthly service charge if average balance is below $2,500
  • Unlimited in person withdrawals
  • Allowed 6 3rd party withdrawals per month including checks, ACH, and debit card transactions

Additional Savings Solutions

Beyond savings accounts, we provide a wide variety of options for managing money and building your short- and long-term wealth. Take a look at our offering below or stop by a local branch for more information.

Certificates of Deposit (CD)

  • $500 minimum to open
  • 3 to 72 month terms
  • Rate change CDs also available
  • CDARS with FDIC insurance up to $50 million
  • UTMAs also available


Health Savings Accounts (HSA)

  • Must have high deductible health insurance plan to qualify
  • $50 minimum to open
  • $5 monthly service charge if average balance is below $1,000 – fee is waived for the first 12 months to allow balance to build
  • Interest rates tiered based on balance
  • HSA debit card included


Individual Retirement Accounts (IRA)

  • Long term savings plan with special tax advantages
  • Fixed and variable rate plans available
  • $500 minimum to open fixed rate account
  • $25 minimum to open variable rate account
  • Roth, Educational and Traditional options available