Farmers State Bank: Savings Account, 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 3.76% APY on its 6 months term, across 9 term lengths.

Tracking 17 active CD products, useful for locking in today's rate before further moves at the Fed.

Best CD use: locking in 3.76% APY for a 6 months term and laddering across multiple maturities.

Farmers State Bank also offers Money Market Plus Account, a money market account paying 0.90% APY with a $25,000 minimum deposit. To earn the full 0.90% APY, a minimum balance of $25,000 is required. Below that, the rate drops to as low as 0.55% APY.

At 0.90% APY, Farmers State Bank pays above the national money market average of 0.63%.

Additional Accounts

Savings, a high-yield savings account at 0.60% APY.
a money market account at 0.50% 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

Savings

0.60% APY

Min: $100 Branch Access

Rank #170 of 337 tracked.

Money Market Plus Account

Money Market

0.90% APY

Tiered Range: 0.55% - 0.90%

Min: $25,000 Branch Access

Money Market Account

Money Market

0.50% APY

Min: $2,500 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 LocationCenter, TX
Deposit InsuranceFDIC Insured(Cert: 13407)

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 Account Offered by Farmers State Bank

Feature	Savings
APY	0.60%Verified: 8/19/2026
APY Trend	N/A
Min. Deposit	$100
Min. Balance	$100
Monthly Fee	N/A
Direct Deposit	None
Checking Bundle	No
In-Branch Access	Yes
Compounding	N/A
FDIC Insured	Yes
Eligibility	United States
Next Steps	-

Interactive Tool

Calculate Savings for Farmers State Bank

All calculations are based on APY.

Selected product

Savings0.60% APY

Initial deposit

Recurring deposit

Frequency

Duration

Savings Breakdown

Interest Earned
+$225.20(1.6%)
Total Contributions
$13,000
Initial Deposit
$1,000

Projected Balance

$14,225.20

Effective APY

0.60%

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	Savings	-
APY	0.60%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

3.76% Highest APY

Across 17 CD products with terms: 24 months, 60 months, 48 months, 36 months, 30 months, 3 months, 6 months, 12 months, 18 months

CD Products Offered by Farmers State Bank

Feature	91 Day CD 3 months	182 Day CD 6 months	182 Day CD Jumbo 6 months	1 Year CD 12 months	1 Year CD Jumbo 12 months	18 Month CD 18 months	18 Month IRA 18 months	2 Year IRA 24 months	2 Year CD 24 months	30 Month IRA 30 months	30 Month CD 30 months	3 Year IRA 36 months	3 Year CD 36 months	4 Year IRA 48 months	4 Year CD 48 months	5 Year IRA 60 months	5 Year CD 60 months
APY	1.31%Verified: 8/19/2026	2.53%Verified: 8/19/2026	3.76%Verified: 8/19/2026	3.04%Verified: 8/19/2026	3.56%Verified: 8/19/2026	3.14%Verified: 8/19/2026	3.14%Verified: 8/19/2026	3.20%Verified: 8/19/2026	3.20%Verified: 8/19/2026	3.25%Verified: 8/19/2026	3.25%Verified: 8/19/2026	3.30%Verified: 8/19/2026	3.30%Verified: 8/19/2026	3.30%Verified: 8/19/2026	3.30%Verified: 8/19/2026	3.35%Verified: 8/19/2026	3.35%Verified: 8/19/2026
Term	3 months	6 months	6 months	12 months	12 months	18 months	18 months	24 months	24 months	30 months	30 months	36 months	36 months	48 months	48 months	60 months	60 months
Min. Deposit	$1,000	$1,000	$50,000	$1,000	$50,000	$1,000	$500	$500	$1,000	$500	$1,000	$500	$1,000	$500	$1,000	$500	$1,000
Early Withdrawal	N/A	N/A	N/A	N/A	N/A	N/A	N/A	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	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 Plus Account	Money Market Account
APY	0.90%Range: 0.55% - 0.90%Verified: 8/19/2026	0.50%Verified: 8/19/2026
Min. Deposit	$25,000	$2,500
Min. Balance	$25,000	$2,000
Monthly Fee	N/A	N/A
Direct Deposit	None	None
In-Branch Access	Yes	Yes
Compounding	N/A	N/A
FDIC Insured	Yes	Yes
Eligibility	United States	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

Vio Bank

Online Savings Account: 3.99% APY

Minimum Deposit: $100

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Jumbo Money Market: 3.44% APY

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Minimum Deposit: $10

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Security Bank Minnesota

Economy Savings $25 min.: 0.25% APY

Bundled Savings & Checking Account

Minimum Deposit: $25

Variable Rate HSA: 0.25% APY

Minimum Deposit: $100

Money Market - Investment Savings: 1.26% APY

Bundled Savings & Checking Account

Minimum Deposit: $1,000

Regular Savings $100 min./below $3 s/c: 0.25% APY

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Minimum Deposit: $100

Variable Rate IRA Savings: 1.26% APY

Minimum Deposit: $100

Platinum Money Market Savings $10,000 min./below $25 s/c $.01 $19,999.99: 2.27% APY

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Minimum Deposit: $10,000

FNBO Direct

High-Yield Online Savings Account: 3.00% APY

Minimum Deposit: $0

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Online Money Market Account: 3.55% APY

Minimum Deposit: $0

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Prime Alliance Bank

Personal Savings: 3.75% APY

Minimum Deposit: $0

Business Savings Account: 3.75% APY

Minimum Deposit: $0

Business Money Market: 3.75% APY

Minimum Deposit: $0

Personal Money Market: 3.75% APY

Minimum Deposit: $0

First Federal Savings and Loan Association of Lakewood

Business Savings: 0.20% APY

Minimum Deposit: $50

DirectSave: 0.20% APY

Minimum Deposit: $25

Gateway Bank

Statement Savings: 0.05% APY

Minimum Deposit: $100

Money Market Savings: 0.25% APY

Minimum Deposit: $1,000

Treasury Savings: 2.58% APY

Minimum Deposit: $10,000

Health Savings Checking: 0.30% APY

Minimum Deposit: $100

Center National Bank

Money Market Platinum Savings: 1.74% APY

Minimum Deposit: N/A

Center Savings: 0.10% APY

Minimum Deposit: $50

Money Market Savings: 0.20% APY

Minimum Deposit: N/A

Marcus by Goldman Sachs

Marcus Online Savings Account: 3.40% APY

Minimum Deposit: $0

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Freedom Bank

Platinum Money Market Account (Personal): 0.40% APY

Minimum Deposit: $0

Choice Money Market Account (Personal): 0.25% APY

Minimum Deposit: $0

Business Savings: 0.15% APY

Minimum Deposit: $0

Small Business Money Market Account: 0.25% APY

Minimum Deposit: $0

Minor Savings: 0.15% APY

Minimum Deposit: $0

Freedom Savings Account: 3.00% APY

Minimum Deposit: $0

High Yield Savings: 0.40% APY

Minimum Deposit: $0

Choice Business Money Market Account: 0.25% APY

Minimum Deposit: $0

Statement Savings: 0.15% APY

Minimum Deposit: $0