Savings Account  Open Account

Set aside funds with an account that earns higher interest rates paid on increased balances.

• Initial deposit of $100 or $20 to open for children under 18 years of age
• No monthly maintenance fee with a minimum daily balance of $100.00, otherwise $3.00 per month
• This maintenance fee is waived if the primary account holder is under 18, until their 18th birthday
• Limited to six convenient transfers* per month, $1.00 service charge per withdrawal thereafter

*Convenient transfers and withdrawals are defined as preauthorized, automatic, telephone, or computer transfer or by check, draft, debit card, or similar order to third parties.

Money Market Account Open Account

Earn attractive interest rates and build toward financial security.

• Initial deposit of $1,000.00
• No monthly maintenance fee with a minimum daily balance of $1,000.00 or an average collected* balance of $1,500.00. Otherwise, a $5.00 monthly maintenance fee applies
• Limited to six convenient transfers* per calendar month, $3.00 service charge per item over limit

*Convenient transfers and withdrawals are defined as preauthorized, automatic, telephone, or computer transfer or by check, draft, debit card, or similar order to third parties.

*The average collected balance method applies a periodic rate to the average daily balance in the account for the period. The average daily balance is calculated by adding the principal in the account for each day of the period and dividing that figure by the number of days in the period. The period we use is the monthly statement cycle.

Certificates of Deposit

Certificates of Deposit (CD's) are a safe and low-risk way to invest funds that you do not need immediate access to. CD's traditionally offer a higher rate of interest than Savings and Money Market accounts.

Call your local branch for current rates or Contact Us.

IRAs

Farmers Bank offers several types of Individual Retirement Accounts (IRA's) to help you prepare for retirement. IRA's are a great way to save for your future and gain tax benefits today. Consult your tax advisor for the option(s) that best fit your needs.