Farmers Trust and Savings Bank savings, CD and money market rates
Farmers Trust and Savings Bank's Traditional Savings - 24-61 years of age offers 0.35% APY. That is 0.03 percentage points below the national savings average of 0.38% (FDIC, Oct 2026).
Ranked #1426 of 3121 tracked savings rates by advertised APY. For a $10,000 balance it would rank #1197.
Estimate your earnings·What Farmers Trust and Savings Bank actually pays
Farmers Trust and Savings Bank at a glance
| Savings | |
|---|---|
| Top savings APY | 0.35% · Traditional Savings - 24-61 years of age |
| Minimum to open | $100 · Traditional Savings - 24-61 years of age |
| Against the national average | 0.03 percentage points below the 0.38% FDIC savings average (Oct 2026) |
| CDs | |
| Top CD APY | 4.10% · 7-18 months · 7-18 Month CD |
| Minimum to open | $5,000 · 7-18 months CD |
| Against the national average | 2.71 percentage points above the 1.39% FDIC 6-month CD average (Oct 2026) |
| Money market | |
| Top money market APY | Up to 1.41% · Money Market · needs at least $249,999 |
| Minimum to open | $100 · Money Market |
| Against the national average | 0.78 percentage points above the 0.63% FDIC money market average (Oct 2026) |
| FDIC certificate | 12858 · Spencer, IA |
|---|---|
| Website | www.farmerstrust.bank |
| Branches | 1 branch in IA |
| Availability | Available in IA |
Farmers Trust and Savings Bank savings, CD and money market rates
How the rate applies
How the rate applies
Rates are APY. The national savings average is 0.38% (FDIC, Oct 2026). The top tracked savings rate on Banksparency is 12.00%. Across 59 savings accounts from 58 banks in the Banksparency core savings index, the median advertised rate is 3.65%, and one account in ten advertises 4.20% or more. See the highest savings rates.
Farmers Trust and Savings Bank CD rates
| Term | APY | Minimum | Product |
|---|---|---|---|
| 7-18 months | 4.10% | $5,000 | 7-18 Month CD |
Interactive Tool
Calculate Savings for Farmers Trust and Savings Bank
All calculations are based on APY.
Savings Breakdown
- Interest Earned+$131.00(0.9%)
- Total Contributions$13,000
- Initial Deposit$1,000
Projected Balance
$14,131.00
The Banksparency Savings Calculator provides estimated savings growth based on user input and our latest data.
What Farmers Trust and Savings Bank pays on deposits
FDIC call report data
An advertised rate tells you what a new savings account earns today. It cannot tell you how the bank has priced the savings and money market deposits it already holds, over time. This section shows that. The figure is computed from the interest expense and deposit balances that every bank files with the FDIC in the same form. That is what makes it comparable across banks and across quarters.
The two figures answer different questions, so they sit side by side and are not combined.
In Q2 2026, Farmers Trust and Savings Bank paid a higher average rate on savings and money market deposits than 83% of banks that reported a figure (FDIC call report). The all-bank median was 1.45%.
- Farmers Trust and Savings Bank, savings and money market
- All-bank median
How to read these figures
What the average covers. It is an average across the whole bank, taken from its own quarterly FDIC call report. It covers savings accounts and money market deposit accounts, personal and business, at every balance tier. It also covers accounts that were opened years ago and keep the rate of those years. The FDIC line does not separate consumer accounts.
The second figure. The scale row also shows the average across all interest-bearing deposits: savings, interest checking, money market accounts, CDs, personal and business. That figure covers the whole deposit book. The two are shown separately and are not combined.
What the advertised rate covers. It is the rate that this bank advertises now for a new savings account. Banksparency records it from the bank's website on the date shown beside it.
Why the two differ. They measure different things, so this page shows them side by side and keeps them apart. An advertised rate applies to one account, opened now, at today's price. The average also includes older savings balances at the rates of earlier years, money market balances that were priced in a different rate environment, and business accounts. An average below an advertised rate is the usual result of that arithmetic. On its own it is not evidence about the account that you would open.
What the average is useful for. The bank files the data itself, under reporting instructions that are the same for every filer, and the same computation runs for every bank on this site. That makes it comparable in a way that an advertisement is not. Two things on this page read it: the percentile, which shows where the quarter sits among all filers, and the chart, which shows the direction the figure has moved across quarters.
What the average cannot tell you. It cannot tell you the rate that you would earn. No single customer earns the average. For your rate, read the advertised rate above and the rate tables on this page, each with the date it was observed.
What to do next. Use the advertised rate to work out what a new account earns. Use the chart to see how the quarterly average has moved against the all-bank median. Then compare the advertised rate against the current rates on the savings-rate tables before you open an account.
Definitions: Call Report · Rate Paid on Deposits · Interest-Bearing Deposits · Front Book and Back Book · Deposit Rate Percentile
Average annualized rates paid on savings and money market deposits, and on all interest-bearing deposits, quarterly. The FDIC line for savings includes money market deposit accounts and business savings deposits and does not separate consumer accounts. Source: FDIC call report data, as reported; it may be amended. The percentile compares all FDIC filers, count-weighted. A missing quarter is suppressed, never interpolated. The percentile counts the banks that paid strictly less on savings and money market deposits, one vote per bank, among the banks that reported a figure for the quarter.
So what is the catch?
| Product | APY | Min to open | Min to earn | Balance cap | Monthly fee | Requirements | Rate type | 12-mo trend |
|---|---|---|---|---|---|---|---|---|
| Traditional Savings - 24-61 years of age | 0.35% | $100 | $0 | None | not stated | not stated | One rate | |
| Traditional Savings - under 23 and over 62 years of age | 0.35% | $20 | $0 | None | not stated | not stated | One rate | |
| Tiger Cub Club | 0.35% | $20 | $0 | None | not stated | not stated | One rate | |
| Health Savings Account | Up to 0.35% | not stated | $0 | None | not stated | not stated | Tiered | |
| Money Market | Up to 1.41% | $100 | $0 | None | not stated | not stated | Tiered |
Rate type: one rate applies at every balance. A tiered rate changes with your balance. A promotional rate changes after the period shown. A balance cap is the largest balance the highest rate applies to.
The 12-month trend shows the highest advertised rate observed each day and includes promotional tiers where one applied.
CDs
| Product | Term | APY | Min to open | Early withdrawal fee | Compounding |
|---|---|---|---|---|---|
| 7-18 Month CD | 7-18 months | 4.10% | $5,000 | not stated | not stated |
| Fine print: At maturity a 7 or 8 month term renews automatically into a 6 month term, a 9 to 11 month term into a 9 month term, and a 12 to 17 month term into a 12 month term, each at the rate then available. An 18 month term renews into another 18 month term. | |||||
Opening and using the account
| Availability | Available in IA |
|---|---|
| Footprint | 1 branch in IA |
| Eligibility | not stated |
How Farmers Trust and Savings Bank behaves over time
Every observation of the advertised Traditional Savings - 24-61 years of age rate in the last 12 months was 0.35% (observed through Oct 21, 2026). The series includes promotional tiers where one applied.
Recent rate changes, as observed
- Obs. Oct 21, 20267-18 Month CDRaise:4.00%to4.10%
- Traditional Savings - 24-61 years of age
- The same as 30 days ago.
- 7-18 months CD
- Up 0.10 percentage points from 7 days ago.
$10,000 at the 0.35% APY Farmers Trust and Savings Bank advertises on Traditional Savings - 24-61 years of age grows to $10,035 in a year. Prices rose 3.7% in the year to September 2026 (Consumer Price Index (CPI)). After a year of prices rising at that pace, it buys as much as $9,673 does today. See how the federal funds rate shapes savings rates.
Farmers Trust and Savings Bank CD rates over time
Who is Farmers Trust and Savings Bank?
| Headquarters | Spencer, IA |
|---|---|
| Founded | 1916 |
| Scale | $618M assets · $557M deposits, $533M of it interest-bearing (Q2 2026, FDIC) |
| Deposit insurance | FDIC insured · Certificate 12858 |
| Charter state | Iowa · one of 226 insured banks chartered there (Q2 2026, FDIC) |
| Size | 1,442nd-largest by deposits of 4,238 insured banks (Q2 2026, FDIC) |
| Deposit growth | Higher than at 68% of 4,226 insured banks over the four quarters to Q2 2026 (FDIC) |
Financial detail is in What Farmers Trust and Savings Bank pays on deposits above.
Common questions about Farmers Trust and Savings Bank
Is Farmers Trust and Savings Bank FDIC insured?
Yes. Farmers Trust and Savings Bank is FDIC insured under certificate 12858, so deposits are covered up to $250,000 per depositor, per ownership category.
What is the minimum deposit at Farmers Trust and Savings Bank?
Farmers Trust and Savings Bank requires a minimum deposit of $100 to open its Traditional Savings - 24-61 years of age account, as observed on Oct 21, 2026. Check the bank's current terms before you open an account.
Does Farmers Trust and Savings Bank have branches?
Yes. Farmers Trust and Savings Bank operates 1 branch according to FDIC branch records, in addition to its website and mobile apps.
Farmers Trust and Savings Bank against its closest alternatives
| Bank | Savings APY | Rate paid on savings and money market deposits (Q2 2026) | Min deposit | Branches |
|---|---|---|---|---|
| Farmers Trust and Savings Bank | 0.35% | 2.47% | $100 | 1 branch in IA |
| Albany Bank and Trust Company National Association | 0.35% | 1.80% | $500 | 4 branches in IL |
| Century Bank of Florida | 0.35% | 1.30% | $25,000 | 1 branch in FL |
| Countryside Bank | 0.35% | 1.39% | not stated | 3 branches in NE |
Each savings APY is the top rate of the account the bank's own page leads with. Alternatives are the three tracked banks whose savings APY is closest to Farmers Trust and Savings Bank's.
Similar banks and related pages
Banks in the same rate band with the same product mix:
Other banks chartered in Iowa, nearest to Farmers Trust and Savings Bank in deposits:
Rate hubs: today's highest savings rates, CD rates by term, and money market rates.
State pages: money market rates in Iowa, and banks in Iowa.