Certificate of Deposit

We’ve Got A Certificate of Deposit That’s Right For You

Our Certificates of Deposits (CD) offer guaranteed yields, flexibility, and the safety of FDIC* insurance. That’s because you lock in a high yield that’s guaranteed from the day you open the account until the day it matures. You know exactly what return you’ll get and when you’ll get it.

Your investment is safe because The Farmers State Bank CDs are backed by the Federal Deposit Insurance Corporation making them one of the safest investments.

We offer Certificates of Deposit in a broad range of maturities, each designed with a particular goal in mind. For as little as $1,000, you can open your own CD. To help you decide which CD will best meet your needs, please contact one of our office managers and request a CD quote.

  • Short-Term CDs. Short-term savings certificates, usually up to 3 months, offer you the fastest, readiest access to your money.
  • Medium-Term CDs. Our 6 to 18 month medium-term CDs offer you higher yields than shorter term CDs.
  • Long-Term CDs. If you have a long-term outlook, our CDs with maturities of 2 years or more reward you with the highest yields we have to offer.
  • We also offer CD IRA’s

Interest compounded at term end if less than 6 months, otherwise compounded semi-annually.  The interest rate and annual percentage yield are subject to change without notice.  A penalty may be imposed for early withdrawal of funds. *FDIC insurance is limited to the standard maximum deposit insurance amount of up to $250,000 per depositor category.


CD Specials

TermInterest RateAPY*
10 Months4.95%5.01%
20 Months4.60%4.65%
The annual percentage yield is accurate as of 9/22/2023. Minimum deposit $1000 for CDs, $500 for CD IRAs. This CD special is available for a limited time. Annual percentage yield and interest are subject to change without notice. *APY = Annual Percentage Yield. 



Certificates Of Deposit Calculators

 CD Ladder Calculator

Use this calculator to examine the benefits of investing in a series of Certificates of Deposits with different maturities, also called a CD Ladder.

Certificate of Deposit Calculator

Use this calculator to find out how much interest you can earn on a Certificate of Deposit (CD).