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CHECKING
Account
- Minimum deposit $100.00 to open
- No minimum balance required, however,
if your average daily balance falls below $100.00 for the statement
cycle we will impose a maintenance fee of $2.00 for that monthly
statement cycle
- Free ATM card (or debit card if qualified)
- Ten free ATM or POS transactions per statement
cycle
- Unlimited check writing privileges
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NOW Account
- Minimum deposit $1,000.00 to open
- Interest accrues from the business day
you deposit non-cash items
- Free ATM card (or debit card if qualified)
- Ten free ATM or POS transactions per statement
cycle
- Unlimited check writing privileges
- If you close your account before interest
is credited, you will not receive the accrued interest
- If your daily average balance falls below
$1,000.00 for the monthly statement cycle we will impose a maintenance
fee of $5.00*, for that statement cycle
- Interest Bearing
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SUPERNOW
Account
- Minimum deposit $1,500.00 to open
- Interest accrues from the business day
you deposit non-cash items
- Free ATM card (or debit card if qualified)
- Ten free ATM or POS transactions per statement
cycle
- Unlimited check writing privileges
- If you close your account before interest
is credited, you will not receive the accrued interest
- If your daily average balance falls below
$1,500.00 for the monthly statement cycle we will impose a maintenance
fee of $5.00*, for that statement cycle
- Interest Bearing
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MONEY
MARKET Account
- Minimum deposit $5,000.00 to open
- Account offers three tiered rates
- Tier 1: $5,000.00
to $24,999.99
- Tier 2: $25,000.00 to $49,999.99
- Tier 3: $50,000.00 and up
- Interest accrues from the business day
you deposit non-cash items
- If you close your account before interest
is credited, you will not receive the accrued interest.
- If your daily average balance falls below
$5,000.00 for the monthly statement cycle we will impose a maintenance
fee of $10.00*, for that statement cycle.
- A per item fee
of $10.00* will be charged for each debit in excess of six during
a statement cycle.
- Debits from a money market account to another
account or to a third party are limited to six per statement
cycle with no more than three such debits to third parties.
- Interest Bearing
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STATEMENT
SAVINGS Account
- Minimum deposit $50.00 to open
- Interest accrues from the business day
you deposit non-cash items
- Interest will be compounded and credited
to your account quarterly
- If you close your account before interest
is credited, you will not receive the accrued interest
- If your average daily balance falls below
$50.00 for the statement cycle we will impose a maintenance
fee of $2.00* for that monthly statement cycle
- Transfers from a statement savings account
to another account or to third parties by preauthorized, automatic
or telephone transfer are limited to six per month with no transfers
by check, draft, debit card, or similar order to third parties
- A per item fee of $1.00* will be charged
for each debit transaction (withdrawal, automatic transfer,
or payment out of this account) in excess of six per month
- Interest Bearing
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CHRISTMAS CLUB
Account
- Minimum deposit $1.00 to open this account
- No withdrawals are allowed from this account
- If you make 38 consecutive and timely weekly
deposits of the same amount by August 1st with a total of 50
by the third week of October, then we will make the 51st deposit
of that amount for you (you choose the amount of the deposit,
with limits we may set)
- Accounts opened February 1- July 31 must
be paid current to open
- No new accounts after July 31
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CERTIFICATES
OF DEPOSIT / IRAs
- Minimum deposit $500.00 ($100.00 for an
IRA) to open this account - specials may require a larger opening
deposit
- Interest will be compounded and credited
quarterly
- You may choose to have the interest added
to the certificate, paid
to you by check or credited to another account
- The daily balance method is used to calculate
interest on this account
- Interest accrues on the business day you
deposit non-cash items
- You may not make additional deposits or
withdrawals until maturity without incurring early withdrawal
penalties - IRAs may have unlimited deposits, and unlimited
withdrawals once you are 59 ½ - withdrawals will be taxable
- Early withdrawal penalties will apply -
90 days interest on CDs of 91 or 182 days - 180 days on CDs
of 12 months and over
- The annual percentage yield assumes interest
will remain on deposit until maturity - a withdrawal will reduce
earnings
- All CDs are automatically renewable at
maturity at the then prevailing rate, unless otherwise specified
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Please contact
us for further information about fees and terms.
NOTE:
Farmers Savings Bank does not accept deposit account applications
online.
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