Variable Passbook Savings
A good savings regimen can have you prepared for anything–and give you peace of mind. The Farmers State Bank makes it easy to build a solid foundation for you and your family with this basic savings accounts.
- Minimum to open/minimum balance – $100
- Interest paid quarterly
- 8 free withdrawals per quarter; $5 per withdrawal greater than 8
- Maximum of 6 preauthorized withdrawals per month**
- $25 minimum average daily balance to earn interest
|$0.00 - $24.99||0.00%||0.00%|
|$25.00 & Over||0.05%||0.05%|
**You may make six (6) transfers from your account each month or similar period, if by preauthorized or automatic transfer, or telephone agreement, order or instruction or by check, draft, or similar order made by the depositor and payable to third parties. Transfers and withdrawals made in person, by messenger, by mail or at an ATM are unlimited.
All Variable Passbook savings accounts are interest bearing. The interest rate and annual percentage yield depend on the average daily balance held in the account. The interest rate and annual percentage yield are subject to change without notice. Interest is credited to the account quarterly. $5 per quarter charge if balance falls below minimum. 8 free withdrawals per quarter, $5 for each additional withdrawal. If the account is closed before interest is credited, you may not receive the accrued interest. The interest rate and annual percentage yield are subject to change without notice. The annual percentage yield is accurate as of January 26, 2015. *APY = Annual Percentage Yield