Fixed Deposit Rates
Effective July 6, 2019
CD & IRA Specials
| Term | APY |
|---|
|
13 Months
|
2.55%
|
|
26 Months
|
2.75%
|
|
42 Months
|
3.03%
|
Minimum deposit amount of $1,000.00 is required for all specials. CD Specials do not apply for renewals unless requested at maturity.
CDs & IRAs
Fixed Rate Accounts
$1,000.00 – $19,999.00 | APY | Rate |
|---|
|
1 Month
|
0.10%
|
0.10%
|
|
3 Months
|
0.25%
|
0.25%
|
|
6 Months
|
0.35%
|
0.35%
|
|
12 Months
|
0.55%
|
0.55%
|
|
24 Months
|
1.50%
|
1.49%
|
|
36 Months
|
1.65%
|
1.64%
|
|
48 Months
|
1.70%
|
1.69%
|
|
60 Months
|
2.40%
|
2.38%
|
Fixed Rate Accounts
$20,000.00 and more | APY | Rate |
|---|
|
1 Month
|
0.15%
|
0.15%
|
|
3 Months
|
0.30%
|
0.30%
|
|
6 Months
|
0.40%
|
0.40%
|
|
12 Months
|
0.65%
|
0.65%
|
|
24 Months
|
1.60%
|
1.59%
|
|
36 Months
|
1.75%
|
1.74%
|
|
48 Months
|
1.80%
|
1.79%
|
|
60 Months
|
2.50%
|
2.48%
|
Interest is compounded and paid quarterly on new certificates of deposit. Early Withdrawal Penalties may apply including a loss of principal.
Interest Rates and Annual Percentage Yields are current as of date of last rate change. For current rate information call 319-377-4891.
APY = Annual Percentage Yield
Rate = Interest Rate
Account Disclosures
Variable Deposit Rates
Rates Effective July 6, 2019
| Account Type | Daily Balance | APY | Rate |
|---|
|
Interest Checking*
$100.00 deposit required to open account
|
$0-849.99
|
0.00%
|
0.00%
|
|
$850.00-999.99
|
0.05%
|
0.05%
|
|
$1,000.00-19,999.99
|
0.10%
|
0.10%
|
|
$20,000.00 and above
|
0.15%
|
0.15%
|
|
Benefit Banking Plus*
$100.00 deposit required to open account
|
$0-999.99
|
0.05%
|
0.05%
|
|
$1,000.00-19,999.99
|
0.10%
|
0.10%
|
|
$20,000.00 and above
|
0.15%
|
0.15%
|
|
Business Plus Checking*
This account is limited to sole proprietorship, nonprofits and government entities. Minimum balance to receive interest rate $2,500.00.
|
$0-2,499.99
|
0.00%
|
0.00%
|
|
$2,500.00-19,999.99
|
0.10%
|
0.10%
|
|
$20,000.00 and above
|
0.15%
|
0.15%
|
|
Money Market Account*
$1,000.00 deposit required to open account
|
$0-9,999.99
|
0.05%
|
0.05%
|
|
$10,000.00-49,999.99
|
0.20%
|
0.20%
|
|
$50,000.00-99,999.99
|
0.30%
|
0.30%
|
|
$100,000.00-249,999
|
0.65%
|
0.65%
|
|
$250,000.00 and above
|
0.80%
|
0.80%
|
|
Ultimate Account
$10,000.00 deposit required to open account
|
$0-9,999.99
|
0.00%
|
0.00%
|
|
$10,000.00-24,999.99
|
0.15%
|
0.15%
|
|
$25,000.00-49,999.99
|
0.25%
|
0.25%
|
|
$50,000.00-99,999.99
|
0.35%
|
0.35%
|
|
$100,000.00-249,999
|
0.70%
|
0.70%
|
|
$250,000.00 and above
|
0.85%
|
0.85%
|
|
Health Savings Account
$100.00 deposit required to open account
|
$0-9,999.99
|
0.10%
|
0.10%
|
|
$10,000.00-24,999.99
|
0.15%
|
0.15%
|
|
$25,000.00-49,999.99
|
0.20%
|
0.20%
|
|
$50,000.00 and above
|
0.25%
|
0.25%
|
|
Regular Savings Account
$50.00 deposit required to open account
|
$0-99.99
|
0.00%
|
0.00%
|
|
$100.00-999.99
|
0.10%
|
0.10%
|
|
$1,000.00-19,999.99
|
0.15%
|
0.15%
|
|
$20,000.00 and above
|
0.25%
|
0.25%
|
|
Youth Savings
$5.00 deposit required to open account
|
$0-999.99
|
0.10%
|
0.10%
|
|
$1,000.00-19,999.99
|
0.15%
|
0.15%
|
|
$20,000.00 and above
|
0.25%
|
0.25%
|
*Also applies to corresponding Connect Club Accounts.
Rates may vary and are subject to change after account opening.
Fees may reduce earnings on these accounts.
Interest Rates and Annual Percentage Yields are current as of date of last rate change. For current rate information call 319-377-4891.
APY = Annual Percentage Yield
Rate = Interest Rate
Account Disclosures
Fixed Mortgage Rates
All rates are subject to change without notice. FSB is not responsible for typographical errors or omissions. Actual rate may be higher based on credit history, occupancy and LTV. No discount points. Mortgage payment examples below are based on a $200,000 loan. Payments do not include amount for taxes and insurance premiums; actual payment obligations will be greater.
| term/type of loan | rate | apr | number of monthly payments | payment per $1,000 borrowed |
|---|
| 30-Year Fixed |
3.875% |
3.905% |
360 |
$4.70 |
| 20-Year Fixed |
3.625% |
3.784% |
240 |
$5.86 |
| 15-Year Fixed |
3.375% |
3.425% |
180 |
$7.09 |
| USDA |
4.000% |
4.474% |
360 |
$4.70 |
| VA |
3.500% |
3.536% |
360 |
$4.70 |
| FHA |
4.000% |
5.022% |
360 |
$4.70 |
| IFA |
IFA rates found on IFA website |
Rate = Interest Rate
APR = Annual Percentage Rate
Consumer Loan Rates
For Interest Rate Information on other types of consumer loans not listed here, please contact a Consumer Lender at 319-377-4891.
Effective July 1, 2019
Home Equity Line of Credit (HELOC)
| Fixed Rate | Variable Rate |
|---|
|
As low as 5.00% APR
APR = Annual Percentage Rate
|
As low as 5.50% APR
|
|
APR assumes a credit score of 700 or above, a loan amount of $10,000.00 and a loan to value (LTV) of less than 80%
|
APR assumes a credit score of 700 or above, a loan amount of $10,000.00 and a loan to value (LTV) of less than 80%
The APR for this account may vary. Rates are determined by adding a margin to an index. We use the Prime Rate as published in the Wall Street Journal as the index. The maximum rate that may apply under this account is 15.0%.
|
- Contact a Consumer Lender at 319-377-4891 for additional rates and terms.
- Subject to credit approval.
- Must be 18 or older to apply.
- Rates are subject to change at any time.
- An annual maintenance fee of $15.00 will apply to this account.
- Hazard insurance and/or flood insurance may be required.
- Closing costs will range from $0 to $450, depending on the specifics of your loan such as loan amount and property location.
Home Equity Loans
| Fixed Rate |
|---|
|
Interest Rates As low as 5.00%
with an Annual Percentage Rate (APR) of 5.067%
|
|
APR assumes a credit score of 700 or above, a loan amount of $10,000.00 and a loan to value of less than 80%
|
- Must be 18 or older to apply.
- Contact a Consumer Lender at 319-377-4891 for additional rates and terms.
- Subject to credit approval.
- Rates are subject to change at any time.
In allocation of resources available for Consumer Loans, primary consideration shall be given to existing or potential customers with economic interest in Farmers State Bank’s primary and secondary trade areas. In general, the primary trade area of this bank shall be all of Linn County, Iowa and the secondary trade area shall be the nearest one-half of the contiguous Iowa counties of Buchanan, Cedar, Delaware, Jones, Johnson and Benton.
Auto Rates
Effective July 1, 2019
Includes Automobiles, Boats, and RVs and Motorcycles
| Loan Amount | Annual Percentage Rate (APR) | Monthly Payment
(Principal & Interest) |
|---|
|
$20,000.00 and Over
|
4.75%
|
$319.76
|
|
$10,000.00-$19,999.00
|
5.25%
|
$162.20
|
|
$5,000.00-$9,999.00
|
5.75%
|
$82.27
|
- Loan terms up to 72 months available based on age of collateral.
- Rate may be higher based on credit history.
- All loan applicants must be at least eighteen (18) years of age.
- All loans subject to credit approval.
*Payment example based on 72-month term for loan amounts of $5,000.00, $10,000.00 and $20,000.00 respectively, and a credit score of 740+.
For additional rates and terms, contact a FSB Personal Banker at 319-377-4891.
In allocation of resources available for loans, primary consideration shall be given to existing or potential customers with economic interest in Farmers State Bank’s primary and secondary trade areas. In general, the primary trade area of this bank shall be all of Linn County, Iowa and the secondary trade area shall be the nearest one-half of the contiguous Iowa counties of Buchanan, Cedar, Delaware, Jones, Johnson and Benton.
Commercial Rates
Because our commercial loans are tailored to your unique business needs, we ask that you contact a commercial lender for specific rates.
Meet Your Lenders
|
