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Personal Savings

Flexibility and earning power. We make it easy to start saving now.

FSB Savings Accounts

ProductRegular Savings

The Ultimate Account**

Youth Savings Club*Money Market


Can be opened with as little as $50!

Enjoy higher rates with savings flexibility!

Can be opened with as little as $5 and is a great way to help children learn to save money!

 Allows you to earn higher interest and has several checking account type privileges!

Minimum Opening Deposit

$50 $10,000
Additional deposits allowed
at any time
$5 $1,000

Minimum Balance Required

$100 average daily
balance to avoid fees
$10,000 to earn interest None $1,000 to avoid fees

Monthly Maintenance Fee

$3 None None $6

Withdrawal Fee

$0.50 per withdrawal if more than 6/month and average daily balance is below $2,500 One withdrawal free during the first 5 business days of each calendar month following month of initial deposit 6 or fewer/month Allows 6 transfers per statement cycle; 6 may be by check; unlimited in person withdrawals or transfers and unlimited ATM transactions.
  Apply Apply Apply Apply
*This account is restricted to the primary accountholder being age 21 or under. When the Primary Accountholder reaches age 22, this account will be converted to a Regular Savings (or other comparable) Account.
**Early withdrawal penalties may apply.

Account Disclosures

Refer to FSB Rate Sheet for information on Interest Rates and Annual Percentage Yields.

Certificates of Deposit (CDs)

Certificates of Deposit* are a safe and secure way to save money. Our Personal Bankers can assist you in choosing the right option to help you achieve your financial goals.

Certificates of Deposit (or CDs) are time deposits that typically earn a higher interest rate on savings for a set period of time. If you know how long you can invest your money before you need it, this may be the perfect option.

We can also help you schedule your maturity date(s) to balance potential market rate changes and make sure you have cash available when you need it.

Please contact a personal banker at 319-377-4891 for more information.


* Subject to penalty for early withdrawal.

Individual Retirement Accounts (IRAs)

An IRA is an excellent way to begin planning for retirement … no matter how far away that may seem!

  • Traditional IRA
    Contributions may be tax deductible and earnings grow on a tax-deferred basis until withdrawn.*
  • Roth IRA
    Contributions are non-deductible when made, and your earnings may accumulate tax-free.*
  • Coverdell Education Savings Account
    Designed to help save for education expenses.
  • Simple IRAs
    Retirement plans for businesses with 100 or fewer employees.
  • SEP (Simplified Employee Pension) IRAs
    Set up by employer-only contributions.

Learn More 

Please contact a Personal Banker at 319-377-4891 for more information.

* Please consult your tax advisor regarding deductibility and eligibility.

Health Savings Account (HSA)

Health Savings Account (HSA) are individual accounts used to pay qualified medical expenses for either you or your family.

Features and Benefits

  • Earns interest
  • Tax-deductible contributions*
  • Convenient tax-free withdrawals by check or debit card for qualified medical expenses
  • No “use it or lose it” requirement like most flex benefit plans
  • Contributions are yours to keep if you change jobs or retire

Please contact a Personal Banker at 319-377-4891 for more information. 

* Please consult your tax advisor regarding eligibility.

Personalization Settings


Farmers State Bank would like to personalize your banking experience. Please enter your first name below.

This level of personalization will not lead to the sale of your name or leak your identity. The information you provide will only be stored on your computer and will not be transferred to the web server.

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