On October 26, 2001, the USA PATRIOT Act was signed into law. As an obligation of this law, financial institutions are required to obtain, verify and record information that identifies each person who opens an account. We proudly support all efforts to protect and maintain the security of our customers and our country.
CDs and IRAs
Plan ahead to earn higher rates with a Certificate of Deposit. Receive a guaranteed yield on your savings when you agree to invest your money at The Farmers State Bank for a specific period of time.
Our Certificates of Deposit
(Daily compounding)
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| Term |
Minimum Deposit |
Early Cash Penalties |
| 1 month |
$500.00 |
Forfeit all interest |
| 3 month |
$500.00 |
3 months interest |
| 6 month |
$500.00 |
3 months interest |
| 12 month |
$500.00 |
6 months interest |
| 18 month |
$500.00 |
6 months interest |
| 24 month |
$500.00 |
6 months interest |
| 36 month |
$500.00 |
9 months interest |
| 48 month |
$500.00 |
12 months interest |
| 60 month |
$500.00 |
12 months interest |
Young Citizens CD
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| Term |
Minimum Deposit |
Early Cash Penalties |
| 12 Month |
$25.00 |
6 months interest |
Individual Retirement Accounts
Regular, Roth, SEP, Education - FIXED RATE
(Daily compounding)
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| Term |
Minimum Deposit |
Early Cash Penalties |
| 12 month |
$500.00 |
6 months interest |
| 18 month |
$500.00 |
6 months interest |
| 24 month |
$500.00 |
6 months interest |
| 36 month |
$500.00 |
9 months interest |
| 48 month |
$500.00 |
12 months interest |
| 60 month |
$500.00 |
12 months interest |
Regular, Roth, SEP, Education - VARIABLE RATE
(Daily compounding)
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| Term |
Minimum Deposit |
Early Cash Penalties |
| 12 month |
$500.00 |
6 months interest |
