Savings & Money Markets

Free Kasasa Saver®

Build savings automatically while earning high interest.

Free Kasasa Saver® is saving simplified. It links to your free Kasasa Cash® or Kasasa Cash Back® checking to help you save every month.

When you earn cash rewards in your Kasasa® checking, those earnings transfer into Kasasa Saver. Plus, Kasasa Saver pays up to 1.00% APY* on your balance! Link it to your free Kasasa checking today, and let us reward you just for banking with us.                                                        

Benefits:

  • Free account that builds your savings effortlessly
  • Links to free KaFree Kasasa Cash or Kasasa Cash Back checking
  • Automatic transfers of Kasasa Cash or Kasasa Cash Back earnings
  • 1.00% APY* on balances up to $10,000
  • 1.00% to 0.41% APY on balances over $10,000 depending on balance in account*
  • 0.05% if qualifications are not met on Kasasa Cash or Kasasa Cash Back
  • No monthly maintenance fee
  • No minimum balance to earn rewards
  • Free MyFSB.com Online Banking & Bill Pay
  • Free MyFSB Visa® debit card
  • Free MyFSB Mobile Banking featuring Free Mobile Deposit
  • Free e-statements
  • Free 24-hour telephone information access
  • $100 minimum deposit to open

Here’s how easy it is to earn your rewards:

Qualifying for your Kasasa Cash or Kasasa Cash Back rewards automatically qualifies you for the highest Kasasa Saver rate, too. Enrollments must be in place and all of the following transactions and activities must post and settle to your Kasasa Cash or Kasasa Cash Back account during each Monthly Qualification Cycle:

  • At least 1 direct deposit or ACH payment transaction
  • At least 12 debit card purchases
  • Be enrolled in and agree to receive e-statements
  • Be enrolled in and log into online banking


And if you don’t meet these qualifications, don’t worry — your accounts are still free.

Plus, you’ll still earn our base rate on Kasasa Saver. And you can get right back to earning your full rewards the very next cycle that you qualify.

* Kasasa Saver Disclaimer

 

MyFSB Savings


Farmers State Bank wants to help you reach your financial goals.  

  • $100 minimum deposit to open account ($5 for minors)
  • $100 minimum daily balance to obtain the disclosed annual percentage yield (APY).  Interest rate and APY subject to change at any time at our discretion.
  • The daily balance method that is used to calculate interest on your account applies a daily periodic rate to the principal in the account each day.
  • Interest will be compounded and credited to your account every month.  Interest will begin to accrue no later than the business day we receive credit for the noncash items (checks).
  • If you close your account before interest is credited, you do not receive accrued interest.
  • If your balance falls below $100 on any day in the statement cycle, a fee of $2 applies.  Fee waived for customers 18 or younger.
  • You may only make 6  transfers from your account each month.  A withdrawal fee of $1 will be charged for each withdrawal in excess of 5 during the month.
  • FSB will contribute $20 per account opened for minors up to age 13, which cannot be withdrawn for a minimum of 12 months. 

MyFSB Money Market Deposit Account


Offers higher interest on Money Market than regular savings.

  • $2,500 minimum deposit to open account
  • $2,500 minimum daily balance to obtain the disclosed annual percentage yield (APY).  Interest rate and APY subject to change at any time at our discretion.
  • The daily balance method that is used to calculate interest on your account applies a daily periodic rate to the principal in the account each day.
  • Interest will be compounded and credited to your account every month.  Interest will begin to accrue no later than the business day we receive credit for the noncash items (checks).
  • If you close your account before interest is credited, you do not receive accrued interest.
  • If your balance falls below $2,500 on any day in the monthly statement cycle, a flat fee of $12 applies.
  • You may only make 6 (six) transfers from your account each statement cycle.  The account will be assessed a $12 per-item fee for items processed in excess of this limit.  Non-compliance could cause the account to be closed or converted to a non-interest bearing account.
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