Savings Accounts

Cash Back Savings

  • Linked to Cash Back Checking
  • 1.01% APY on balances up to $20,000, 0.20% APY on any portion of the balance greater than $20,000
  • 0.05% APY* if qualifications aren't met on Cash Back Checking
  • Automatic deposit of Cash Back Checking rewards
  • No monthly balance to earn rewards
  • $25 deposit to open account
  • Free Online Banking
  • Free Mobile Banking
  • Free e-Statements
  • FDIC Insured

To qualify on your Cash Back Savings account, just do the following each monthly qualification cycle in your Cash Back Checking account:

  • Have at least 15 debit card purchases post and settle
  • Be enrolled and log into online banking each monthly qualification cyle.
  • Enroll in and receive e-Statements
  • Maintain minimum balance of $0.01

There is no need to worry if you don't meet the qualifications on any given cycle. You still earn our base rate of 0.05% APY, and you get the opportunity to qualify again the very next monthly qualification cycle!

*APY=Annual Percentage Yield. APYs accurate as of 05/16/2014. Rates may change after account is opened. Minimum to open is $25 for Cash Back Checking and $25 for Cash Back Savings. For Cash Back Checking, if qualifications are met each monthly qualification cycle: (1) Nationwide ATM fees incurred during qualification cycle will be reimbursed up to $20 (up to $4.99 per single transaction) and credited to Cash Back Savings account on the last day of monthly statement cycle, (2) balances up to $20,000 receive APY of 1.01%; and (3) balances over $20,000 earn 0.20% interest rate on the portion of the balance over $20,000, resulting in 1.01% -.20% APY depending on the balance. If qualifications are not met on Cash Back Checking, Cash Back Savings account balance earns 0.05% APY. Qualifying transactions must post to and settle Cash Back Checking during monthly qualification cycle. Transactions may take one or more banking days from the date transaction was made to post to and settle account. ATM transactions do not count towards qualifying debit card transactions. “Monthly Qualification Cycle” means a period beginning one day prior to the first day of the current statement cycle through one day prior to the close of the current statement cycle. The advertised Cash Back Savings APY is based on compounding interest. Cash Back earned in Cash Back checking account is automatically transferred to Cash Back Savings each statement cycle. Fees may reduce earnings. ATM receipt must be presented for reimbursement of ATM fees of $5.00 or higher.


Bonus Savings

  • Linked to Bonus Checking
  • Automatic transfer of Bonus Checking Rewards
  • 1.01% APY on Bonus Savings on balance up to $20,000 0.20 % APY on balance greater than $20,000
  • 0.05% APY if qualifications aren't met on Bonus Checking
  • Free Online Banking
  • Free Mobile Banking
  • Free e-Statements
  • FDIC insured

Qualifications are so easy you're probably already doing them! To earn your rewards, simply do the following activities and transactions in your Bonus Checking account each monthly qualification cycle:

  • Have at least 15 debit card purchases post and settle
  • Be enrolled in and receive e-Statements
  • Be enrolled in and log in to online banking at least once
  • Maintain minimum balance of $0.01

**APY=Annual Percentage Yield. APYs accurate as of 05/16/2014. Rates may change after account is opened. Minimum to open is $25 for Bonus Checking and $25 Bonus Savings. For Bonus Checking, if qualifications are met each monthly qualification cycle domestic ATM fees incurred during qualification cycle will be reimbursed up to $20 (up to $4.99) per single transaction) and credited to account on the last day of monthly statement cycle. Qualifying transactions must post to and settle Bonus Checking during monthly qualification cycle. Transactions may take one or more banking days from the date transaction was made to post to and settle account. ATM transactions do not count towards qualifying debit card transactions. “Monthly Qualification Cycle” means a period beginning one day prior to the first day of the current statement cycle through one day prior to the close of the current statement cycle. The advertised Bonus Checking APY is based on compounding interest. Interest earned in Bonus Checking is automatically transferred to Bonus Savings each statement cycle and does not compound. Actual interest amount paid may be less than advertised Bonus Checking APY. If qualifications in Bonus Checking are met each monthly qualification cycle: (1) balances up to $20,000 in Bonus Savings receive an APY of 1.01%; and (2) balances over $20,000 in Bonus Savings earn 0.20% interest rate on portion of balance over $20,000, resulting in 1.01% - 0.20% APY depending on the balance. If qualifications are not met on Bonus Checking, all balances in Bonus Savings earn 0.05% APY. ATM receipt must be presented for reimbursement of ATM fees of $5.00 or higher. Fees may reduce earnings.


Regular Savings

  • Must maintain a minimum balance of $100.00 in the account each day to obtain the disclosed annual percentage yield.
  • Interest paid monthly.
  • Limit of six (6) transfers from your account each month.

Christmas Club Savings Account

  • Must maintain a minimum balance of $100.00 in the account each day to obtain the disclosed annual percentage yield.
  • Interest paid monthly.
  • Check for balance will be mailed in October

Savers Plus Account

  • Interest rates are tiered based on minimum balances.
  • Interest paid monthly.
  • You must maintain a minimum balance of $100.00 in the account each day to obtain the disclosed annual percentage yield.
  • Limit of six (6) transfers from your account each month.

 

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iPhone users: Download the app in the iTunes App Store. Once there – search for Farmers Savings Bank-Mobile Banking or click on Finance, the letter F and look for Farmers Savings Bank – Mobile Ban…

 

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