Farmers Bank

Proudly Serving Sumner and Robertson Counties Since 1912

Savings

Savings accounts to fit your everyday life…

At the Farmers Bank, we have the solutions you need to save for your future. We have the options that will help you meet your goals while you… spend more time living.

Regular Savings Account

You can start saving today!  This account allows you to earn interest on your money while saving for the future or just a rainy day.

Regular Savings Accounts offer:
  • $100 minimum deposit to open account
  • $3 quarterly service charge if balance falls below $100 during the statement period
  • $2 fee for each withdrawal over nine (9) per quarter (including ATM withdrawals)
  • $5 quarterly dormant service charge, if account is in dormant status (two years with no activity) and the balance is below $500
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Grow With Me Savings Account

  • $5 minimum deposit to open account
  • No minimum balance service charge
  • $2 fee for each withdrawal over nine (9) per quarter
  • This account is not eligible for ATM and/or Debit Cards.
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Christmas Club Savings Account

One of the biggest financial fears many of us have is trudging to the mailbox in January to discover bills from Christmas shopping sprees.  Many people promise themselves that they’ll be better prepared next year, only to find themselves in the same dilemma each New Year.  A Christmas Club Savings Account is a great way to help avoid the financial strain and make the holiday season more enjoyable.

Christmas Club Savings Account offers:
  • $10 minimum deposit to open account
  • Maturity date is October 31st of each year.
  • $25 withdrawal charge
  • Save automatically with direct deposit into this account.
 
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Money Market Account

This account gives you limited access to your money and pays competitive interest rates without the volatility of an investment account.

Money Marketing Savings Account offers:
  • $1,000 minimum deposit to open account
  • $10 monthly service charge if balance falls below $1,000 during the statement period
  • $10 fee for each withdrawal over six (6) during a statement cycle.
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Money Market PLUS Account

For larger investors, this account gives you limited access to your money and pays even higher interest rates without the volatility of an investment account.

Money Market PLUS Account offers:
  • $15,000 minimum deposit to open account
  • $15 monthly service charge if balance falls below $15,000 during the statement period
  • $15 fee for each withdrawal over six (6) during a statement cycle.
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CDs (Certificates of Deposit)

Our CDs are a good, long-range savings option.  With a minimum deposit of $1,000 you can open a CD from 1 month to 5 years.  The interest rate is very competitive and determined by the term chosen.

Current CD Specials

*1.05% APY for 15 Months.  $1,000 minimum deposit required.  Annual Percentage Yield = APY.  CD automatically renews into a 12 month term at prevailing rate unless redeemed within 10 days of maturity.  Penalty for early withdrawal.  Rate effective 5/8/17.  Limited time offer.  Rates subject to change without notice.  Fees may reduce earnings on the account.  No institutional or public funds.  Member FDIC.

**2.0% APY for 61 Months.  $1,000 minimum deposit required.  Annual Percentage Yield = APY.  CD automatically renews into a 60 month term at prevailing rate unless redeemed within 10 days of maturity.  Penalty for early withdrawal.  Rate effective 5/8/17.  Limited time offer.  Rates subject to change without notice.  Fees may reduce earnings on the account.  No institutional or public funds.  Member FDIC.

 

 
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IRAs (Individual Retirement Accounts)

Save for retirement with an IRA.  Whether you are rolling over a company retirement plan or simply making annual contributions, consider an IRA.  Learn more at any of our branches.

 
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Armed Forces* Savings

To all our heroes, Armed Forces* Savings offers the benefits of Regular Savings, plus

  • $100 minimum deposit and valid military ID* to open account
  • Special Interest Rate Available
  • Discounted Loan Rates Available**

*DD Form 2/2A or DD-214 must be provided.  **All loans are subject to credit approval.

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