Accounts
Farmers State Bank offers a wide range of accounts designed to meet your personal and business banking needs. From basic checking and savings accounts to specialized accounts for students, seniors, and businesses, we have options to suit everyone. Our accounts provide convenient access to online and mobile banking, making it easy to manage your finances anytime, anywhere. We prioritize security and offer competitive interest rates to help you grow your savings. With Farmers State Bank, you can expect personalized service, a commitment to your financial well-being, and a trusted banking partner for all your account needs.
Personal Checking Accounts
Everyone has different needs and requirements for their accounts, that is why Farmers State Bank offers a wide range and variety of different deposit accounts. Our personal and business deposit accounts all have regularly scheduled statements, online banking with bill pay, and mobile banking.
Farmers State Bank offers a variety of checking accounts and services to meet the needs and lifestyle of our personal banking customers. Below are the checking account options we currently offer. All accounts come with free check images in your statement.
Care 'Free' Checking
$50 Min Opening Deposit
No Monthly Service Charge
No Min Balance
No Withdrawal or Transaction Fees
Non-Interest Bearing
Freedom 55 Checking
$50 Min Opening Deposit
No Monthly Service Charge
No Min Balance
No Withdrawal or Transaction Fees
Interest Bearing
One Free Box of Checks Per Year
Free Money Orders
Interest Checking
$50 Min Opening Deposit
$10 Monthly Service Charge*
$1,000 Min Balance
No Withdrawal or Transaction Fees
Interest Bearing
Money Market
$50 Min Opening Deposit
$8 Monthly Service Charge*
$2,500 Min Balance
$5 Withdrawal/Transaction Fees**
Interest Bearing
6 Free Withdrawals Per Month
* Monthly service charge if balance falls below minimum balance any day of the month
** Any savings or money market account that exceeds 6 withdrawals in one month will be charged for each additional transaction.
Business Checking Accounts
A business checking account is the first step in managing your business finances. We understand that a business checking account is the foundation to allow you to grow your business beyond an idea. That is why we offer three different business checking account options for you including one that will pay you interest. Select from one of our three accounts that best fit you and your business needs so you can spend more time running your business and not worry about your checking account.
Business Choice
$50 Min Opening Deposit
No Monthly Service Charge
No Min Balance
$0.25 Withdrawal per Check after First 50 Checks
Non-Interest Bearing
50 Free Checks Per Month
Business Premium
$50 Min Opening Deposit
No Monthly Service Charge
No Min Balance
$0.10 Withdrawal/Transaction Fees
Non-Interest Bearing
Earnings Credits Allowance on Deposit
Business Money Market
$50 Min Opening Deposit
$8 Monthly Service Charge*
$2,500 Min Balance
$5 Withdrawal/Transaction Fees**
Interest Bearing
6 Free Withdrawals Per Month
* Monthly service charge if balance falls below minimum balance any day of the month
** Any savings or money market account that exceeds 6 withdrawals in one month will be charged for each additional transaction.
Savings Accounts
Who doesn’t like saving money and earning interest? Whether for college, a large purchase, or for retirement, at Farmers State Bank we offer three different savings accounts to give you the option that best fits your saving and earning needs. All accounts have quarterly statements.
Personal
$100 Min Opening Deposit
$2 Monthly Service Charge*
$100 Min Balance
$2 Withdrawal/Transaction Fees**
Interest Bearing
6 Free Withdrawals Per Month
Business
$100 Min Opening Deposit
$2 Monthly Service Charge*
$100 Min Balance
$2 Withdrawal/Transaction Fees**
Interest Bearing
6 Free Withdrawals Per Month
Student
$10 Min Opening Deposit
$2 Monthly Service Charge*
$10 Min Balance
$2 Withdrawal/Transaction Fees**
Interest Bearing
6 Free Withdrawals Per Month
* Monthly service charge if balance falls below minimum balance any day of the month
** Any savings or money market account that exceeds 6 withdrawals in one month will be charged for each additional transaction.
CDs (Certificates of Deposit)
Looking for another way to save money? Investing in a Certificate of Deposit (CD) is an excellent way to maximize your return and set specific savings goals. Farmers State Bank offers various terms for CDs ranging from 30 days to five years. Minimum deposit to open a CD is $500.00. If a Certificate of Deposit sounds like what you are looking for, please contact any of our employees for our rates and additional information.
*Certificates of Deposit may be subject to a penalty for early withdrawal.
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