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Savings Accounts

Save Today, Benefit Tomorrow

Learning how to take care of your health is a skill that serves you well throughout your life. But what about your financial health, now and in the future? A large part of your financial wellbeing is saving money, as it is a skill that will also serve you in all parts of life.

Farmers State Bank helps make saving easy for anyone by offering different savings accounts with specific benefits.

Interest-Bearing Savings Options

Basic Savings

Who it’s for: savers of any age who want a designated account to save for a rainy day or something more specific.

Features to shout about:

  • Your balances earn interest; the higher your balance, the more it will grow!

Important things to know:

  • Open account with $25
  • You may not make any transfers from Basic Savings to another account of yours or to third parties by preauthorized, automatic, or telephone transfer or similar order to third parties

Classic Savings

Who it’s for: experienced savers who can maintain a low minimum balance and who want to be able to transfer money they’ve saved into a checking account.

Features to shout about:

  • Your balances earn interest; the higher your balance, the more it will grow!
  • Balances can be transferred to another account

Important things to know:

  • $100 minimum daily balance requirement to avoid $2.00 monthly service charge
  • Open account with $100
  • Transfers from a Classic Savings account to another account or to third parties by preauthorized, automatic, or telephone transfer are limited to six per calendar month

Money Market

Who it’s for: Those who can devote more to their savings and who want to earn higher rates on their balances than standard savings accounts

Features to shout about:

  • Earns Money Market interest rates for greater balance growth

Important things to know:

  • $2,500 average daily balance requirement to avoid $5.00 monthly fee
  • Open account with $2,500
  • Transfers from a Money Market account to another account or to third parties by preauthorized, automatic or telephone transfer are limited to six per calendar month.

Stop by any of our three offices in Algona, Whittemore or West Bend today to open your savings account!

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