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Certificates of Deposit

On October 26, 2001, the USA PATRIOT Act was signed into law. As an obligation of this law, financial institutions are required to obtain, verify and record information that identifies each person who opens an account. We proudly support all efforts to protect and maintain the security of our customers and our country.

CDs and IRAs

Plan ahead to earn higher rates with a Certificate of Deposit. Receive a guaranteed yield on your savings when you agree to invest your money at The Farmers State Bank for a specific period of time.

Our Certificates of Deposit

(Daily compounding)
Term Minimum Deposit Early Cash Penalties
1 month $500.00 Forfeit all interest
3 month $500.00 3 months interest
6 month $500.00 3 months interest
12 month $500.00 6 months interest
18 month $500.00 6 months interest
24 month $500.00 6 months interest
36 month $500.00 9 months interest
48 month $500.00 12 months interest
60 month $500.00 12 months interest

Young Citizens CD

Term Minimum Deposit Early Cash Penalties
12 Month $25.00 6 months interest

Individual Retirement Accounts


Regular, Roth, SEP, Education - FIXED RATE

(Daily compounding)
Term Minimum Deposit Early Cash Penalties
12 month $500.00 6 months interest
18 month $500.00 6 months interest
24 month $500.00 6 months interest
36 month $500.00 9 months interest
48 month $500.00 12 months interest
60 month $500.00 12 months interest

Regular, Roth, SEP, Education - VARIABLE RATE

(Daily compounding)
Term Minimum Deposit Early Cash Penalties
12 month $500.00 6 months interest












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Ag Lending - It's What We do

Every ag lender has personal farm or ranch experience.