Savings Accounts
Saving money at Farmers State Bank means competitive interest rates and flexible savings programs to fit your financial needs. Your financial needs are important and we want to help you achieve your goals.
| If you want | |
|---|---|
| Regular Savings | A flexible way to save |
| Money Market | Interest Account |
| Money Market Plus | Higher Interest |
| Minimum balance to open | |
| Regular Savings | $100 |
| Money Market | $2,500 |
| Money Market Plus | $25,000 |
| Minimum balance required to avoid maintenance fees | |
| Regular Savings | $100 |
| Money Market | $2,500 |
| Money Market Plus | $25,000 |
| Maintenance fee | |
| Regular Savings | $10 per quarter if the balance drops below $100 |
| Money Market | $15 each statement cycle if the balance drops below $2,500 |
| Money Market Plus | $15 each statement cycle if the balance drops below $25,000 |
| Withdrawal fee (if applicable) | |
| Regular Savings | $5 per withdrawal over 3 (per quarter) |
| Money Market | $15 for each item over 6 (per month) |
| Earn Interest | |
| Regular Savings | Yes, but no interest paid if account balance drops below $100 |
| Money Market | Yes, but no interest paid if account balance drops below $2,000 |
| Money Market Plus | Yes, but no interest paid if account balance drops below $25,000 |
| Eligibility | |
| Regular Savings | All Depositors |
| Regular Savings | Money Market | Money Market Plus | |
|---|---|---|---|
| If you want | A flexible way to save | Interest Account | Higher Interest |
| Minimum balance to open | $100 | $2,500 | $25,000 |
| Minimum balance required to avoid maintenance fees | $100 | $2,500 | $25,000 |
| Maintenance fee | $10 per quarter if the balance drops below $100 | $15 each statement cycle if the balance drops below $2,500 | $15 each statement cycle if the balance drops below $25,000 |
| Withdrawal fee (if applicable) | $5 per withdrawal over 3 (per quarter) | $15 for each item over 6 (per month) | |
| Earn Interest | Yes, but no interest paid if account balance drops below $100 | Yes, but no interest paid if account balance drops below $2,000 | Yes, but no interest paid if account balance drops below $25,000 |
| Eligibility | All Depositors | ||