High Yield Savings

• Opening deposit $10,000.00
• Interest paid to account quarterly
• Tiered interest rates
• Minimum balance to earn interest is $10,000.00
• Transaction limitation of 5 withdrawals per month

Passbook Savings

• Opening deposit of $100.00
• Interest is paid to account every 6 months
• Minimum to earn interest is $200.00
• Minimum balance to avoid $3.00 monthly fee is $100.00 - Students 18 and under waived.

Christmas Club Account

Make 49 consecutive and timely weekly deposits of the same amount to this account then we will make the 50th deposit of that amount for you. (You choose the amount of the deposit, within any limits we may set.)

Tax Time Club Account

Make 49 consecutive and timely weekly deposits of the same amount to this account then we will make the 50th deposit of that amount for you. (You choose the amount of the deposit, within any limits we may set.)

Vacation Club Account

Make 39 consecutive and timely weekly deposits of the same amount to this account then we will make the 40th deposit of that amount for you. (You choose the amount of the deposit, within any limits we may set.)

Health Savings Accounts

Signed into law by the President in late 2003, Health Savings Accounts (H.S.A.’s) have become an excellent tool to use in conjunction with High Deductible Health Plan coverage (HDHP) to provide affordable, comprehensive, health insurance for our clients.

Once the client has met with and obtained qualified high deductible health insurance from their own agent of choice, Farmers State Bank's Personal Bankers can assist with establishing a personalized H.S.A. Choices include individual H.S.A., typically set up in conjunction with “individual” HDHP coverage, or one or more H.S.A.’s, often times set up in conjunction with “family” HDHP plans. Both H.S.A. types offer the availability of covering “out of pocket” medical expenses for an individual, or the entire family.

Our Personal Bankers know and understand Health Savings Accounts and can explain in concise and easy to understand terms how a Health Savings Account can work for you today.

Farmers State Bank also offers Health Savings Accounts (H.S.A.’s) to our business customers looking for ways to provide affordable health insurance benefits to employees while keeping the costs to manage employee benefits reasonable. Call Farmers State Bank today to learn how easy it is to establish a Health Savings Account today.