Details for FARMERS STATE BANK - Ad from 2019-08-07
% 2.65 APY* 17 MONTH CD1 $5,000 minimum opening deposit 3.05 % APY* LOYALTY CHECKING2 on balances up to $20,000 (877) 372-1879 www.FSB1879.com *APY=Annual Percentage Yield. Rates subject to change daily. Only available to customers in our trade area. Fees may reduce earnings. 1 - 17 month CD interest rate 2.64%. $5,000 minimum opening deposit. Automatically renews for same term. Substantial penalty for early withdrawal. Interest compounds every 6 months. Also available for IRAs. 2 - Loyalty Checking: If the average daily balance is less than $20,000.01, the interest rate paid on that portion of the balance will be 3.01% with an APY of 3.05%. If the average daily balance is more than $20,000.00 the interest rate paid on that portion of the balance will be 0.15%. The annual percentage yield for this tier will range from 3.05% to 0.16%. In order to receive the higher rate of stated interest, the following items need to post & clear the account each statement cycle by the last business day of the month: eStatements (Valid email Address Required); log in to FSB I-Banking; two Automatic Transfers (ACH Direct Deposit or Payment); & 15 Debit Card Transactions (Excludes ATMs) with a minimum amount of $10.00 per transaction. If the previously mentioned items are not met, then a lower APY & interest rate of 0.01% will be earned on all balances. Rates subject to change daily. Fees may reduce earnings. Charges up to $10.00 per month imposed at US, non-proprietary ATM’s will be credited to the account by the 15th of the following month if the above criteria is met. Account Holder must have or open one additional primary or secondary account relationship other than the FSB Loyalty Checking, debit card, & Ibanking. Account subject to change. $100 opening deposit required. No minimum balance. Available on personal accounts only and one account per household. See branch for more details. Rates effective as of 8/1/2019.