Checking Accounts

Checking Account
You must deposit a minimum of $10.00 to open this account. A per item fee of $.20 will be charged for each debit transaction. This fee will not apply to persons 62 years old or older, or if a minimum daily balance of $250.00 is maintained during the statement cycle.

Now Account Checking
You must deposit a minimum of $1000.00 to open this account. We may change the interest rate on this account at any time. Interest will be compounded and credited to your account every month. Fees associated with this account will be assessed if the balance falls below $1000.00 any day of the monthly statement cycle, and includes a maintenance fee of $3.00 and $.20 for each debit transaction. Call or come in and see any bank representative for current rates and terms and a brochure that details the complete disclosures for this account.

Super Now Checking
You must deposit a minimum of $1000.00 to open this account. We may change the interest rate on this account at any time. Interest will be compounded and credited to the account every week. Fees associated with this account will be assessed each monthly statement cycle and include a maintenance fee of $5.00 and $.20 for each debit transaction. Call or come in and see any bank representative for current rates and terms and a brochure that details the complete disclosures for this account.

NOTICE OF CHANGES IN TEMPORARY FDIC INSURANCE COVERAGE FOR TRANSACTION ACCOUNTS

All funds in a “noninterest-bearing transaction account” are insured in full by the Federal Deposit Insurance Corporation from December 31, 2010, through December 31, 2012. This temporary unlimited coverage is in addition to, and separate from, the coverage of at least $250,000 available to depositors under the FDIC’s general deposit insurance rules. The term “noninterest-bearing transaction account” includes a traditional checking account or demand deposit account on which the insured depository institution pays no interest. It also includes Interest on Lawyers Trust Accounts (IOLTAs"). It does not include other accounts, such as traditional checking or demand deposit accounts that may earn interest, NOW accounts and money-market deposit accounts.

For more information about temporary FDIC insurance coverage of transaction accounts, visit www.fdic.gov.

Savings

Regular Savings Account
You must deposit a minimum of $10.00 to open the account. We may change the interest rate on this account at any time. Interest will be compounded and credited to the account each quarter. Call or come in and see any bank representative for current rates and terms and a brochure that details the complete disclosure of this account.

Hi-Fi Savings Account
You must deposit a minimum of $1000.00 to open account. We may change the interest rate on this account at any time. Interest will be compounded every month and credited to the account every month. All deposits to and withdrawals from a HI-FI account are required to be a minimum of $250.00. Call or come in and see any bank representative for current rates and terms and a brochure that details the complete disclosure of this account.

Go Club Account
This account is for anyone age 50 and older, requires a deposit of $500.00 to open account, a minimum balance of $500.00 to receive benefits. This account offers some free services. Interest will be compounded and credited to the account every quarter. We may change the interest rate on this account at any time. Call or come in and see any bank representative for current rates and terms and a brochure that details the complete disclosures of this account.

Other Deposit Accounts:

IRA
Farmers Savings Bank offers various IRA options. You must deposit $100.00 to open an account. We may change the interest rate on this account at any time. Interest will be compounded and credited to the account semiannually. Call or come in and see our bank IRA representative for current rates and terms and a brochure that details the complete disclosures for this type of account.

Certificates of Deposit
Farmers Savings Bank offers a variety of terms. Certificates of Deposit can be opened with a minimum deposit of $500.00 or more. A penalty may be imposed for withdrawals before maturity. Call or come in and see any bank representative for current rates and terms and a brochure that details the complete disclosures for any of these accounts

ATM Services:

24-Hour ATM
Our ATM is available in the entrance of our bank. Our machine only allows for cash withdrawals, transfers between deposit accounts and balance inquiries.

SHAZAM ATM Card & SHAZAMChek Card

SHAZAMCHEK Card

A SHAZAMCHEK Card provides a faster, more convenient way to buy the products and services you need because this card allows you to withdraw funds from your checking account without ever having to write out a check. Use your card wherever VISA debit cards are accepted. This service requires filling out an application. See any bank representative for an application/ brochure that details the complete disclosures for this product.

Other Services