Savings 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 service charge with a minimum balance of $100.00, otherwise $3.00 per month
- This service charge 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.
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Money Market Account
Earn attractive interest rates and build toward financial security.
- Initial deposit of $1,000.00
- No monthly service charge with a minimum balance of $1,000.00 or an average balance of $1,500.00. Otherwise, a $5.00 monthly service charge 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.
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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.
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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.
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