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Deposit Rates

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Competitive Rates to Help Your Money Grow!

At Farmers Savings Bank, we are all about helping you grow your wealth and achieve financial success. The rates we offer on our deposit products help you maximize your hard-earned money in order to help you live the life you want.

We do our best to keep this page current, but rates are subject to change. When in doubt, please contact the Farmers Savings Bank office nearest you.

Current Rates as of December 1, 2022

CD Specials*

Offer good for the initial term only. CD is automatically renewed for closest term offered but not exceeding the initial term of the CD. Advertised rate and *Annual Percentage Yield (APY) are offered at the bank's discretion and may change daily. Annual Percentage Yield (APY) assumes principal and interest remain on deposit for the term of the certificate. All interest payments for the APY will be made at the end of the term or semi-annually, whichever occurs first. Penalty will be imposed for early withdrawal. Fees could reduce earning on the account. No additional deposits allowed after purchase.

 

CD SpecialsInterest Rate

APY 

30 Month*
$5,000.00 minimum to open
2.98%3.00%
47 Month*
$5,000.00 minimum to open
3.47%3.50%
30 Month Jumbo*
$250,000.00 minimum to open
3.22%3.25%
47 Month Jumbo*
$250,000.00 minimum to open
3.71%3.75%

 

 

CD Rates

 Interest Rate

APY 

91 Day
$2,500.00 minimum to open
1.00%1.00%
182 Day
$2,500.00 minimum to open
1.00%1.00%
1 Year
$2,500.00 minimum to open
2.00%2.01%
2 Year
$2,500.00 minimum to open
2.24%2.25%
3 year
$2,500.00 minimum to open
2.73%2.75%
4 year
$2,500.00 minimum to open
2.98%3.00%
5 year
$2,500.00 minimum to open
3.22%3.25%

APY = Annual Percentage Yield
CD APY's reflect interest added on semi-annually. Early withdrawal penalties and/or fees may reduce earnings. 

Savings Rates

 Interest RateAPY 

Premier Savings*

$1,000.00 minimum balance to open

  

$250,000.00 or greater

 1.10%1.11%

$100,000.00 to $249,999.99

 0.90% 0.90%
$1,000.00 to $99,999.99 0.80% 0.80%
Balance less than $1,000.00 0.25% 0.25%

 

 

Basic Savings*

 

 

0.25%

 

 

0.25%

Christmas Club*0.25%0.25%
Health Savings Account*0.50%0.50%

APY = Annual Percentage Yield                       *Fees may reduce earnings.        
Rates are subject to change at any time after the account is opened.

IRA Rates

 Interest RateAPY 
Variable Rate IRAs* 2.75%2.77%

APY = Annual Percentage Yield                  *Fees may reduce earnings.
Rates are subject to change at any time after the account is opened.

Premier Checking Account*

$1,000.00 minimum balance to open

 Interest RateAPY 
$250,000.00 or greater1.00%1.00%
$100,000.00 to $249,999.990.85%0.85%
$10,000.00 to $99,999.990.75%0.75%
$2,500.00 to $9,999.990.25%0.25%
Balance less than $2,500.000.25%0.25%

APY = Annual Percentage Yield                      *Fees may reduce earnings.
Rates are subject to change at any time after the account is opened. 

Gold Money Market Checking*

$10,000.00 minimum balance to open

 Interest RateAPY 
$250,000.00 or greater1.10%1.11%
$100,000.00 to $249,999.990.90%0.90%
$10,000.00 to $99,999.990.80%0.80%
Balance less than $10,000.000.25%0.25%

APY = Annual Percentage Yield                         *Fees may reduce earnings. 
Rates are subject to change at any time after the account is opened.