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Rates

Interest Rates are only valid for the time specified.

Deposit Rates

Variable Rate Deposit Accounts
Money Market, Savings, and Interest Checking

Fixed Rate Deposit Accounts
Certificates of Deposit and IRAs

Loan Rates

Mortgage Loans 
Residential Mortgage Loans

Construction Loan or Adjustable Rate Mortgage
Please call 319-377-4891 and ask for a Real Estate Lender for rate information

Consumer Loans
Home Equity Loans and Lines of Credit

Automobile Loans
Automobiles, Boats, RV’s and Motorcycles

Commercial Loans
Please call 319-377-4891 and ask a Commercial Lender for specific rates

Variable Rate Deposit Accounts

Rates Effective October 13, 2018
Account TypeDaily BalanceAPYRate

Interest Checking*

 

$100.00 deposit required to open account 
$0-849.99
$850.00-999.99
$1,000.00-19,999.99
$20,000.00 and above
0.00%
0.02%
0.05%
0.10%
0.00%
0.02%
0.05%
0.10%

Benefit Banking Plus*

 

$100.00 deposit required to open account
$0-999.99
$1,000.00-19,999.99
$20,000.00 and above
0.02%
0.05%
0.10%
0.02%
0.05%
0.10%

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
$2,500.00-19,999.99
$20,000.00 and above
0.00%
0.05%
0.10%
0.00%
0.05%
0.10%

Money Market Account*

 

$1,000.00 deposit required to open account
$0-9,999.99
$10,000.00-49,999.99
$50,000.00-99,999.99
$100,000.00-249,999
$250,000.00 and above
0.05%
0.20%
0.30%
0.65%
0.80%
0.05%
0.20%
0.30%
0.65%
0.80%

Ultimate Account

 

$10,000.00 deposit required to open account
$0-9,999.99
$10,000-24,999.99
$25,000-49,999.99
$50,000-99,999.99
$100,000-249,999
$250,000 and above
0.00%
0.15%
0.25%
0.35%
0.70%
0.85%
0.00%
0.15%
0.25%
0.35%
0.70%
0.85%

Health Savings Account

 

$100.00 deposit required to open account
$0-9,999.99
$10,000.00-24,999.99
$25,000.00-49,999.99
$50,000 and above
0.10%
0.15%
0.20%
0.25%
0.10%
0.15%
0.20%
0.25%

Regular Savings Account

 

$50.00 deposit required to open account
$0-99.99
$100.00-999.99
$1,000.00-19,999.99
$20,000.00 and above
0.00%
0.05%
0.10%
0.15%
0.00%
0.05%
0.10%
0.15%

Youth Savings

 

$5.00 deposit required to open account
$0-999.99
$1,000.00-19,999.99
$20,000.00 and above
0.05%
0.10%
0.15%
0.05%
0.10%
0.15%
*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 Rate Deposit Accounts

Effective October 13, 2018

CD & IRA Specials

TermAPY

13 Months 

2.55%

26 Months

2.75%

45 Months

3.00%
Minimum deposit amount of $1,000.00 is required for all specials. CD Specials do not apply for renewals unless requested at maturity.

CDs and IRAs

Fixed Rate Accounts
$1,000 – $19,999

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

1.75% 1.74%

48 Months

1.40% 1.39%

60 Months

2.75% 2.72%
Fixed Rate Accounts
$20,000 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

1.50% 1.49%

60 Months

2.75% 2.72%
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 

Consumer Loans

For Interest Rate Information on other types of consumer loans not listed here, please contact a Consumer Lender at 319-377-4891.

Effective October 2, 2018

Home Equity Line of Credit (HELOC)

Fixed Rate

Variable Rate

As low as 5.00% APR

APR = Annual Percentage Rate

As low as 5.25% APR

APR assumes a credit score of 700 or above, a loan amount of $10,000 and a loan to value of less than 80%

 

APR assumes a credit score of 700 or above, a loan amount of $10,000 and a loan to value 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 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.

Automobile Loans

Includes Automobiles, Boats, RV’s and Motorcycles 

Effective October 2, 2018
Loan AmountAnnual Percentage Rate (APR)Monthly Payment (Principal & Interest)

$20,000 and Over

4.50% $317.48

$10,000-$19,999

5.00% $161.05

$5,000-$9,999

5.50% $81.69
  • Down payment of 15% required.
  • 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, $10,000 and $20,000 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.

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