Farmers State Bank: Savings Accounts, CDs, Money Market & Rates

By Aviel Fahl

Updated: 8/19/2026

Mission: Banksparency aims to make Farmers State Bank's deposit accounts transparent and comparable to the market.

Interest rates reported as APY

Analysis of Farmers State Bank

Our verdict

CD Analysis

Farmers State Bank offers CDs paying up to 4.00% APY on its 27 months term, across 10 term lengths.

Tracking 10 active CD products, useful for locking in today's rate before further moves at the Fed.

Best CD use: locking in 4.00% APY for a 27 months term and laddering across multiple maturities.

Farmers State Bank also offers Ultimate Savings Account, a high-yield savings account paying 3.00% APY with a $10,000 minimum deposit. A minimum balance of $10,000 is required to earn this rate.

At 3.00% APY, Farmers State Bank pays 8x the national savings average of 0.38%.

Additional Accounts

a money market account at 2.60% APY.
Regular Savings Account, a high-yield savings account at 0.40% APY.
FSBee Club Savings, a high-yield savings account at 0.40% APY.

Ideal User Profile

Best for: simple saving without extra requirements.

Important Considerations

No app ratings available for this bank.

iOS app rating is not available.

Android app rating is not available.

Deposit Accounts Overview

Health Savings Account

Savings

3.00% APY

Tiered Range: 0.50% - 3.00%

Min: $100 Branch Access

Rank #113 of 337 tracked.

Ultimate Savings Account

Savings

3.00% APY

Min: $10,000 Branch Access

Rank #114 of 337 tracked.

FSBee Club Savings

Savings

0.40% APY

Tiered Range: 0.05% - 0.40%

Min: $5 Branch Access

Rank #184 of 337 tracked.

Regular Savings Account

Savings

0.40% APY

Min: $50 Branch Access

Rank #185 of 337 tracked.

Youth Savings

Savings

0.40% APY

Tiered Range: 0.05% - 0.40%

Min: $5 Branch Access

Rank #186 of 337 tracked.

Money Market Account

Money Market

2.60% APY

Tiered Range: 0.75% - 2.60%

Min: $1,000 Branch Access

Market Reality Check

This institution offers rates below the top 10 savings and money market accounts we track. Those institutions all pay at least 4.01% APY.

See Top Rates

National Avg: 0.38% (FDIC, 8/1/2026).
Banksparency tracks live rates daily.

Bank Overview

HQ LocationMarion, IA
Deposit InsuranceFDIC Insured(Cert: 14209)

Visit Official Website

Featured Offers

Axos ONE - High Yield Savings & Checking

Over 95,000 fee-free ATMs
Get paid up to 2 days early with Direct Deposit
One convenient app for spending & saving

FDIC Insured

Savings4.21%APY

Checking0.51%APY

Go to Axos Bank

FDIC or NCUA insured

View Details

Monthly Maintenance Fee	None
Min. Deposit to Savings Account	0
Min. Balance in Savings Account	0
How to qualify for APY	OPTION ADirect Deposit $1,500+ AND Maintain $1,500+ avg daily checking balance. OR OPTION BDeposit $5,000+ total/mo AND Maintain $5,000+ avg daily checking balance.
Mobile Ratings	iOS:4.7 Android:4.5

The APY is available with the Axos ONE savings and checking bundle. The checking account also earns interest. To qualify, you must either set up a direct deposit of $1,500 and maintain an average daily balance of more than $1,500 in your ONE Checking account, or receive at least $5,000 in total monthly qualifying deposits and maintain an average daily balance of more than $5,000.

EASY TRANSFERS, LOW MINIMUMS

SponsoredVerified Aug 19, 2026

FDIC Insured

Quontic High Yield Savings

Apply in 3 minutes or less
No monthly service fees
Transfer with Zelle, Apple Pay, G-Pay, and more

FDIC Insured

Savings3.20%APY

Go to Quontic Bank

FDIC or NCUA insured

View Details

Monthly Maintenance Fee	None
Min. Deposit to Savings Account	10000
Min. Balance in Savings Account	0
Mobile Ratings	iOS:4.8 Android:4.9

Deposit Accounts: In-Depth View

Savings Accounts Offered by Farmers State Bank

Feature	Health Savings Account	Ultimate Savings Account	Youth Savings	FSBee Club Savings	Regular Savings Account
APY	3.00%Range: 0.50% - 3.00%Verified: 8/19/2026	3.00%Range: 0.00% - 3.00%Verified: 8/19/2026	0.40%Range: 0.05% - 0.40%Verified: 8/19/2026	0.40%Range: 0.05% - 0.40%Verified: 8/19/2026	0.40%Range: 0.00% - 0.40%Verified: 8/19/2026
APY Trend	N/A	N/A	N/A	N/A	N/A
Min. Deposit	$100	$10,000	$5	$5	$50
Min. Balance	$0	$10,000	$0	$0	$100
Monthly Fee	N/A	N/A	N/A	N/A	N/A
Direct Deposit	None	None	None	None	None
Checking Bundle	No	No	No	No	No
In-Branch Access	Yes	Yes	Yes	Yes	Yes
Compounding	N/A	N/A	N/A	N/A	N/A
FDIC Insured	Yes	Yes	Yes	Yes	Yes
Eligibility	United States	United States	United States	United States	United States
Next Steps	-	-	-	-	-

Interactive Tool

Calculate Savings for Farmers State Bank

All calculations are based on APY.

Choose savings account

Initial deposit

Recurring deposit

Frequency

Duration

Savings Breakdown

Interest Earned
+$1,161.10(7.7%)
Total Contributions
$13,000
Initial Deposit
$1,000

Projected Balance

$15,161.10

Effective APY

3.00%

The Banksparency Savings Calculator provides estimated savings growth based on user input and our latest data.

Farmers State Bank Deposit Rates Over Time

No historical data available.

Compare with Farmers State Bank

Feature	Current View Farmers State Bank	Empty Slot
Product		-
APY	0.50% - 3.00%Verified: 8/19/2026	-
APY Trend	N/A	-
Min. Deposit	$100	N/A
Monthly Fee	N/A	-
Direct Deposit	No	-
Checking Bundle	No	-
In-Branch Access	Yes	-
Eligibility	United States	-
Compounding	N/A	-
FDIC or NCUA Insured	Yes	-
Next Steps	-	-

CD Overview

4.00% Highest APY

Across 10 CD products with terms: 14 months, 3 months, 48 months, 60 months, 1 months, 6 months, 27 months, 12 months, 24 months, 36 months

CD Products Offered by Farmers State Bank

Feature	1 Month CD 1 months	3 Month CD 3 months	6 Month CD 6 months	12 Month CD 12 months	14 Month CD Special 14 months	24 Month CD 24 months	27 Month CD Special 27 months	36 Month CD 36 months	48 Month CD 48 months	60 Month CD 60 months
APY	0.30%Verified: 8/19/2026	0.35%Verified: 8/19/2026	2.50%Verified: 8/19/2026	3.03%Verified: 8/19/2026	3.80%Verified: 8/19/2026	3.00%Verified: 8/19/2026	4.00%Verified: 8/19/2026	0.85%Verified: 8/19/2026	0.95%Verified: 8/19/2026	1.05%Verified: 8/19/2026
Term	1 months	3 months	6 months	12 months	14 months	24 months	27 months	36 months	48 months	60 months
Min. Deposit	$1,000	$1,000	$1,000	$1,000	$1,000	$1,000	$1,000	$1,000	$1,000	$1,000
Early Withdrawal	N/A	N/A	N/A	N/A	N/A	N/A	N/A	N/A	N/A	N/A
FDIC Insured	Yes	Yes	Yes	Yes	Yes	Yes	Yes	Yes	Yes	Yes

Farmers State Bank CD Rates Over Time

Not enough rate history to show a chart. We have CD rates for this bank from one day only. The chart shows when we collect more data.

Money Market Accounts Offered by Farmers State Bank

Feature	Money Market Account
APY	2.60%Range: 0.75% - 2.60%Verified: 8/19/2026
Min. Deposit	$1,000
Min. Balance	$0
Monthly Fee	N/A
Direct Deposit	None
In-Branch Access	Yes
Compounding	N/A
FDIC Insured	Yes
Eligibility	United States

Alternatives to Farmers State Bank

Banks with Higher/Similar Savings APY

For a top list of the highest savings rates, see all HYSA top rates

Peapack Private Bank & Trust

Personal Individual Retirement Accounts IRAs: 3.25% APY

Minimum Deposit: $500

Jonestown Bank and Trust Company, of Jonestown, Pennsylvania

Young Investor Savings: 0.10% APY

Minimum Deposit: N/A

Statement Savings: 0.10% APY

Minimum Deposit: $100

Prime Money Market Account: 3.05% APY

Minimum Deposit: N/A

Prime Money Market Account: 3.05% APY

Minimum Deposit: N/A

Chime

Chime High-Yield Savings Account: 3.75% APY

Bundled Savings & Checking Account

Minimum Deposit: $0

Online Only

Direct Deposit: Not required

RBMAX

Max Interest Savings: 3.40% APY

Minimum Deposit: $10

Online Only

ROGER

ROGER Savings: 3.61% APY

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Minimum Deposit: $0

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TIMBR

Premium Savings Account: 3.95% APY

Minimum Deposit: $1,000

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Marcus by Goldman Sachs

Marcus Online Savings Account: 3.40% APY

Minimum Deposit: $0

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Western Alliance Bank

High-Yield Savings Premier: 3.80% APY

Minimum Deposit: $500

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Presidential Bank

Premier Savings: 0.50% APY

Minimum Deposit: $500

Eligible States: Limited (see details)

Advantage Savings: 3.75% APY

Bundled Savings & Checking Account

Minimum Deposit: $5,000

Commercial Money Market: 0.15% APY

Minimum Deposit: $5,000

Climate First Bank

Super Savings: 3.56% APY

Minimum Deposit: $50

Youth Savings: 3.56% APY

Minimum Deposit: $25

Impact Money Market: 3.96% APY

Minimum Deposit: $50,000

Super Duper Savings Account: 4.01% APY

Minimum Deposit: $50

Business Money Market: 4.26% APY

Bundled Savings & Checking Account

Minimum Deposit: $50

Petefish, Skiles & Co.

Health Savings: 3.03% APY

Minimum Deposit: N/A

Regular Savings: 0.20% APY

Minimum Deposit: N/A

IRA Floating Rate: 1.96% APY

Minimum Deposit: $1,000

Investor Fund: 0.25% APY

Minimum Deposit: N/A

Investor Elite: 0.75% APY

Minimum Deposit: N/A

Gate City Bank

High Yield Savings: 2.80% APY

Minimum Deposit: $50,000

Minor Savings: 0.15% APY

Minimum Deposit: N/A

Money Market Savings: 2.50% APY

Minimum Deposit: $500

Savings: 0.10% APY

Minimum Deposit: $50

Relationship Savings: 0.15% APY

Minimum Deposit: $50