Farmers Savings Bank

Checking

Regular Checking:

  • No Minimum Balance Service Charge
  • MasterCard ATM/Debit Card (subject to approval)
  • Free Online Banking
  • Free Mobile Banking App with Mobile Deposit
  • Free eStatements with check images

NOW Checking:

  • MasterCard ATM/Debit Card (subject to approval)
  • Free Online Banking
  • Free Mobile Banking App with Mobile Deposit
  • Free eStatements with check images
  • Rate Information - Your interest rate and annual percentage yield may change. Frequency of rate changes - We may change the interest rate on your account at any time. Determination of rate changes - At our discretion, we may change the interest on your account.
  • Compounding and crediting frequency - Interest will be compounded monthly. Interest will be credited to your account monthly.
  • Daily balance computation method - Interest is calculated by the daily balance method which applies a daily periodic rate to the balance in the account each day.
  • Accrual of interest on noncash deposits - Interest will begin to accrue on the business day you deposit noncash items (for example, checks) to your account.
  • Minimum Balance to open - The minimum balance required to open a NOW account is $1,500.00
  • Minimum Balance to avoid Service Charge - A service charge of $15.00 will be imposed every monthly statement cycle unless you maintain either a minimum daily balance of $1,000.00 or a minimum average daily balance of $1,500.00 for the monthly statement cycle. The average daily balance is calculated by adding the principal in the account for each day of the period and dividing that figure by the number of days in the period.
  • Deposit Limitations - You may make an unlimited number of deposits into your account.

Money Market Checking:

  • Free Online Banking
  • Free Mobile Banking App with Mobile Deposit
  • Free eStatements with check images
  • Rate Information - Your interest rate and annual percentage yield may change. Frequency of rate changes - We may change the interest rate on your account at any time. Determination of rate changes - At our discretion, we may change the interest on your account.
  • Compounding and crediting frequency - Interest will be compounded monthly. Interest will be credited to your account monthly.
  • Daily balance computation method - Interest is calculated by the daily balance method which applies a daily periodic rate to the balance in the account each day.
  • Accrual of interest on noncash deposits - Interest will begin to accrue on the business day you deposit noncash items (for example, checks) to your account.
  • Minimum Balance to open - The minimum balance required to open a Money Market Checking Account is $2,500.00
  • Minimum Balance to avoid Service Charge - A service charge of $15.00 will be imposed every monthly statement cycle if the balance in the account falls below $2,500.00 any day of the cycle.
  • Deposit Limitations - You may make an unlimited number of deposits into your account.