|
THE INTEREST RATES AND ANNUAL PERCENTAGE YIELDS STATED BELOW ARE ACCURATE AS OF NOVEMBER 1, 2011 Certificates of Deposit |
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|
Term
|
Interest Rate
|
Annual Percentage Yield
|
|
6 Months
|
.80%
|
.80%
|
|
12 Months
|
1.19%
|
1.20%
|
|
18 Months
|
1.19%
|
1.20%
|
|
24 Months
|
1.49%
|
1.50%
|
|
30 Months
|
1.49%
|
1.50%
|
|
42 Monhts
|
1.99%
|
2.00%
|
|
60 Months
|
1.99%
|
2.00%
|
| 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 |
.25%
|
.26%
|
|
Super Now Account
1,000.00 - 2,499.99 |
.25%
|
.26%
|
|
Super Now Account
2,500 - Over |
.40%
|
.40%
|
| 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
|
.25%
|
.25%
|
|
*IRA Passbook Savings
|
.65%
|
.65%
|
|
**Money Market II
1,000 - 2,499.99 |
.25%
|
.26%
|
|
**Money Market II
2,500 - 24,999.99 |
.35%
|
.35%
|
|
**Money Market II
25,000 - 49,999.99 |
.40%
|
.40%
|
|
**Money Market II
50,000 - 74,999.99 |
.65%
|
.66%
|
|
**Money Market II
75,000 - Over |
.80%
|
.81%
|
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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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