Saving

At Farmers State Bank, we offer a variety of saving options to fit your unique financial goals. Our knowledgeable team is here to help you make the most of your money, with competitive interest rates and personalized advice to help you reach your financial milestones. Don’t wait any longer to start building your savings. Open a savings account at Farmers State Bank today and enjoy the peace of mind that comes with FDIC-insured banking

What is your goal?

Just getting started? Not a problem! We offer low opening deposits to get started. $25 For students or $100 will get you saving with FSB Yale! 

The regular savings account has no minimum balance required, but interest is earned on the average balance so keep that in mind as you spend. 

An ATM card is available for savings accounts, if preferred.

FSB Yale offers free online banking for all accounts. Statements or e-statements are quarterly, unless combined with a checking account which publishes monthly.

Growing a Saver? Ask our team about the FSB Yale Young Saver program! We want to support good financial practices as a life long journey. 

The Young Saver account has no minimum balance required and interest is earned on the average balance.

FSB Yale offers free online banking for all accounts. Statements or e-statements are quarterly, unless combined with a checking account which publishes monthly.

Time to save? Earn more over time with FSB Yale’s certificates of deposit (CDs). Choose your term and earn more from fixed rates that are payable at maturity. Note the current CD rates at right.
 
  • PAYMENT OF THE CERTIFICATE is payable at maturity upon presentation of the certificate on the maturity date.
  • GRACE PERIOD of ten days after the maturity date of the certificate is honored.
  • INTEREST is calculated at the rate and basis set forth on the face of the certificate. Interest will not be compounded unless called for on the face of the certificate. Interest will be paid according to the payment frequency set forth on face of the certificate and in the manner indicated on the face. Withdrawal of interest prior to maturity will affect the annual percentage yield.
  • EARLY WITHDRAWAL PENALTIES are incurred if withdrawal, either partial or total, of the certificate is not as set forth on the face of the certificate. Penalty of 3 months interest for a term of 12 months or less and a penalty of 6 months interest for a term of over 12 months.
  • AUTOMATICALLY RENEWABLE CERTIFICATES renew automatically on the maturity date. If the deposit is withdrawn during the grace period set forth on the face of the certificate, Farmers State Bank will not charge an early withdrawal penalty.
  • SINGLE MATURITY CERTIFICATES are not automatically renewable and mature on the maturity date set forth on the face of this certificate. No interest will be paid on the certificate after maturity unless set forth on the face of the certificate.

Contact Farmers State Bank for Current Market Rates.

Saving for the long game? Let’s talk IRAs. An IRA is an Individual Retirement Account that was created by the government . It is a special savings account that offers tax advantages for those saving for retirement. We suggest you consult your tax advisor to determine a plan that fits your needs best. 

FSB Yale offers several types of IRA accounts:

  • Traditional IRA
  • Education IRA
  • SEP IRA
  • Simple IRA
  • Roth IRA
  • HSA

You are now leaving Farmers State Bank

The hyperlinks to other Internet sites are provided solely as a convenience to users of our Internet site. We have made a limited effort to determine that these links function properly. However, linked sites are not under our control, and we are not responsible for the contents of any linked site, or any link contained in a linked site. The inclusion of a link does not imply or constitute our endorsement, its ownership or management, the products or services it offers, or any advertisers or sponsors appearing on the linked web site.

You will be redirected to

Click the link above to continue or CANCEL

Scroll to Top