Savings & Money Markets

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  • FSB will contribute $20 per account opened for minors up to age 13, which cannot be withdrawn for a minimum of 12 months.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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