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THE INTEREST RATES AND ANNUAL PERCENTAGE YIELDS STATED BELOW ARE ACCURATE AS OF JANUARY 1, 2010 Certificates of Deposit |
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Term
|
Interest Rate
|
Annual Percentage Yield
|
|
6 Months
|
1.40%
|
1.41%
|
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12 Months
|
1.89%
|
1.90%
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18 Months
|
1.99%
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2.00%
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24 Months
|
1.99%
|
2.00%
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30 Months
|
2.23%
|
2.25%
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42 Monhts
|
2.97%
|
3.00%
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60 Months
|
2.97%
|
3.00%
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| CERTIFICATES OF DEPOSIT REQUIRE A $500.00 MINIMUM BALANCE TO OPEN AN ACCOUNT. INTEREST IS COMPOUNDED AND CREDITED QUARTERLY. A PENALTY MAY BE IMPOSED FOR EARLY WITHDRAWAL. IRA CERTIFICATES OF DEPOSIT EARN A HIGHER RATE ON ALL TERMS STATED ABOVE. PLEASE CONTACT FARMERS STATE BANK FOR DETAILS. | ||
| Checking Accounts | ||
|
Type
|
Interest Rate
|
Annual Percentage Yield
|
|
Now Account
1,000.00 - Over |
.50%
|
.50%
|
|
Super Now Account
1,000.00 - 2,499.99 |
.50%
|
.50%
|
|
Super Now Account
2,500 - Over |
.65%
|
.65%
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| BOTH NOW ACCOUNT TYPES REQUIRE A $1,000.00 MINIMUM BALANCE TO OPEN AN ACCOUNT. TO OBTAIN THE MINIMUM ANNUAL PERCENTAGE YIELD DISCLOSED YOU MUST MAINTAIN A MINIMUM DAILY BALANCE OF $1,000.00. FEES COULD REDUCE THE EARNINGS ON THE ACCOUNT. RATES MAY CHANGE AFTER THE ACCOUNT IS OPENED. | ||
| Savings Accounts | ||
|
Type
|
Interest Rate
|
Annual Percentage Yield
|
|
*Passbook Savings
|
.50%
|
.50%
|
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*IRA Passbook Savings
|
1.00%
|
1.00%
|
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**Money Market II
1,000 - 2,499.99 |
.50%
|
.50%
|
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**Money Market II
2,500 - 24,999.99 |
.60%
|
.60%
|
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**Money Market II
25,000 - 49,999.99 |
.70%
|
.71%
|
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**Money Market II
50,000 - 74,999.99 |
.95%
|
.95%
|
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**Money Market II
75,000 - Over |
1.20%
|
1.21%
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*BOTH PASSBOOK SAVINGS ACCOUNTS REQUIRE A $25.00 MINIMUM BALANCE TO OPEN AN ACCOUNT. FEES COULD REDUCE THE EARNINGS ON THE ACCOUNT. RATES MAY CHANGE AFTER THE ACCOUNT IS OPENED. **MONEY MARKET II ACCOUNTS REQUIRE A $2,500.00 MINIMUM BALANCE TO OPEN AN ACCOUNT. TO OBTAIN THE MINIMUM ANNUAL PERCENTAGE YIELD DISCLOSED YOU MUST MAINTAIN A MINIMUM DAILY BALANCE OF $1,000.00. FEES COULD REDUCE THE EARNINGS ON THE ACCOUNT. RATES MAY CHANGE AFTER THE ACCOUNT IS OPENED. |
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