Current Deposit Rates
Effective Date: October 5, 2012
Certificate of Deposit (CD)* Rates
| Term | Minimum | Interest Rate | Annual Percentage Yield (APY) | Interest Computation |
| 3 month | $2,500.00 | 0.10% | **0.10% | Simple Interest |
| 6 month | $2,500.00 | 0.20% | **0.20% | Simple Interest |
| 9 month | $5,000.00 | 0.25% | **0.25% | Simple Interest |
| 12 month | $1,000.00 | 0.60% | 0.60% | Simple Interest |
| 15 month | $5,000.00 | 0.80% | 0.80% | Simple Interest |
| 18 month | $1,000.00 | 0.85% | 0.85% | Simple Interest |
| 24 month | $2,500.00 | 0.95% | 0.95% | Simple Interest |
| 30 month | $2,500.00 | 1.00% | 1.00% | Simple Interest |
| 36 month | $2,500.00 | 1.05% | 1.05% | Simple Interest |
| 48 month | $5,000.00 | 1.10% | 1.10% | Simple Interest |
| 60 month | $5,000.00 | 1.25% | 1.25% | Simple Interest |
* There may be a substantial penalty imposed for early withdrawal of time deposits.
**
APY based on Interest added on at maturity and renewed at the same rate.
Individual Retirement Account (IRA)* Rates
| Term | Interest Rate | Annual Percentage Yield (APY) | Interest Computation |
| Passbook | 0.10% | 0.10% | Compound Daily |
| 12 month | 0.60% | 0.60% | Compound Daily |
| 15 month | 0.80% | 0.80% | Compound Daily |
| 18 month | 0.85% | 0.85% | Compound Daily |
| 24 month | 0.95% | 0.95% | Compound Daily |
| 36 month | 1.04% | 1.05% | Compound Daily |
| 48 month | 1.09% | 1.10% | Compound Daily |
| 60 month | 1.24% | 1.25% | Compound Daily |
* There may be a substantial penalty imposed for early withdrawal of time deposits.
Money Market Deposit Account (MMDA) Rates
| Type of MMDA | Interest Rate | Annual Percentage Yield (APY) | Interest Computation |
| Regular MMDA | |||
| $1,000.00 & Over | 0.03% | 0.03% | Simple Interest Paid Monthly |
| $999.99 & Under | 0.01% | 0.01% | Simple Interest Paid Monthly |
| Super Saver MMDA | |||
| $20,000 & Over | 0.15% | 0.15% | Compound Daily Paid Monthly |
| $10,000.00 - $19,999.99 | 0.05% | 0.05% | Compound Daily Paid Monthly |
| Under $10,000.00 | 0.01% | 0.01% | Compound Daily Paid Monthly |
Health Savings Account Rates
| Daily Balance | Interest Rate | Annual Percentage Yield (APY) | Interest Computation |
| $50,000.00 & Over | 0.60% | 0.60% | Simple Interest Paid Monthly |
| $25,000.00 - $49,999.99 | 0.50% | 0.50% | Simple Interest Paid Monthly |
| $15,000.00 - $24,999.99 | 0.25% | 0.25% | Simple Interest Paid Monthly |
| $5,000.00 - $14,999.99 | 0.15% | 0.15% | Simple Interest Paid Monthly |
| $1,000.00 - $4,999.99 | 0.01% | 0.01% | Simple Interest Paid Monthly |
| $0 - $999.99 | 0.00% | 0.00% | Simple Interest Paid Monthly |
Savings Account Rates
| Accounts | Interest Rate | Annual Percentage Yield (APY) | Interest Computation |
| Regular Savings | 0.01% | 0.01% | Simple Interest Paid Quarterly |
| Combo Savings Club (Ages 12 & under) | 0.01% | 0.01% | Simple Interest Paid Quarterly |
| Cool Cash Savings Club (Ages 13 to 24) | 0.06% | 0.06% | Simple Interest Paid Quarterly |
| Christmas Club | 0.01% | 0.01% | Simple Interest Paid Annually |
Checking Account Rates
| Accounts | Interest Rate | Annual Percentage Yield (APY) | Interest Computation |
| Regular NOW Account | 0.01% | 0.01% | Simple Interest Paid Monthly |
| Winner NOW Account | 0.01% | 0.01% | Simple Interest Paid Monthly |
| Classic Plus NOW Account | 0.01% | 0.01% | Simple Interest Paid Monthly |
There may be substantial penalty imposed for early withdrawal of time deposits.
Interest rates offered are within the most recent 7 calendar days and are subject to change.
Interest rates and Annual Percentage Yield (APY's) are accurate as of October 5, 2012.
For more information, please contact us.
Farmers State Bank