Farmers State Bank - A Banking Tradition Since 1910

Rates

Effective as of July 16, 2014


CERTIFICATES OF DEPOSIT (CD)
  Minimum Opening Deposit - $500.00 
   Minimum Balance* to Obtain APY** - $500.00
ACCOUNT TYPE INTEREST RATE ANNUAL PERCENTAGE YIELD
3 MONTHS .10% .10%
6 MONTHS .15% .15%
12 MONTHS .35% .35%
24 MONTHS .50% .50%
36 MONTHS .70% .70%
48 MONTHS 1.00% 1.00%
60 MONTHS 1.10% 1.10%
INDIVIDUAL RETIREMENT ACCOUNTS (I.R.A.)
  Minimum Opening Deposit - $500.00
Minimum Balance* to Obtain APY**-$500.00
ACCOUNT TYPE INTEREST RATE ANNUAL PERCENTAGE YIELD
12 MONTHS .35% .35%
24 MONTHS .50% .50%
36 MONTHS .70% .70%
48 MONTHS 1.00% 1.00%
60 MONTHS 1.10% 1.10%
VARIABLE RATE  24 MONTHS 1.95% 1.96%
VARIABLE RATE 60 MONTHS 2.21% 2.23%

* DAILY BALANCE (THE AMOUNT OF PRINCIPAL IN THE ACCOUNT EACH DAY.)
**ANNUAL PERCENTAGE YIELD (APY) IS ACCURATE AS OF THE EFFECTIVE DATE NOTED ABOVE, ASSUMING EARNINGS ARE CREDITED TO THE ACCOUNT AND REMAIN ON DEPOSIT. INTEREST WITHDRAWALS WILL REDUCE EARNINGS.

DEPOSIT ACCOUNTS
ACCOUNT TYPE MINIMUM
OPENING
DEPOSIT
MINIMUM
BALANCE
* TO OBTAIN APY**
INTEREST
RATE
ANNUAL
  PERCENTAGE
YIELD
PREMIUM
CHECKING
$1,000.00 $ 1,000.00 .05% .05%
MONEY MARKET $1,000.00 Less than$15,000.00***
.05%
.05%
    $15,000.00 and greater*** .10% .10%
CLASSIC
SAVINGS
$100.00 $100.00 .05% .05%
COMBO
SAVINGS
$100.00 $100.00 .05% .05%
PENNY
SAVERS
$10.00 $100.00 .05% .05%
IRA
SAVINGS
$25.00 $100.00 .05% .05%
CHRISTMAS   CLUB  $5, $10,
or $20
$100.00 .05% .05%
CHRISTMAS   CLUB W/AUTO PAYMENTS $5, $10,
or $20
$100.00 .10% .10%

* Daily Balance (the amount of principal in the account each day.)
**Annual Percentage Yield (APY) is accurate as of the effective date noted above, assuming earnings are credited to the account and remain on deposit.  Interest withdrawals will reduce earnings.
***Interest rate is paid on the entire balance in your account

PLEASE REQUEST FURTHER INFORMATION FROM OUR STAFF CONCERNING THE
TERMS AND CONDITIONS OF THESE ACCOUNTS.