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Savings Accounts

Save Your Way for Your Business

No business operates the same way or has the same needs. At Farmers Bank, we know that. That’s why we offer several savings accounts tailored to meet the specific needs of your business. We have an account to help you save your way for your business. Each of our accounts offer the following benefits:

  • eStatements
  • Online Banking & Bill Pay
  • Mobile Banking

*Consult a tax advisor

Visit our office to learn about which business checking account is right for you.

Visit Our Office   View Our Business Savings Rates

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Business Savings Accounts We Offer

Traditional Business Savings Account

Choose this account if you want a basic business savings account.

 Account Details

  • Minimum $100 opening deposit
  • $100 minimum balance requirement
  • $5 excess item fee per item after 6 free transfers or withdrawals during statement cycle
  • $5 fee if balance falls below $100 during statement cycle

 

  • Tiered, variable interest rates
  • 6 free transfers or withdrawals per statement cycle

Money Market Investor Account


Choose this account if you want to earn higher interest on higher account balances.

Account Details

  • Minimum $100 opening deposit
  • $1,000 minimum balance requirement
  • $5 excess item free per item after 6 free transfers or withdrawals during statement cycle

  • $5 fee if balance falls below $1,000 during statement cycle

 

  • Tiered, variable interest rates
  • 6 free transfers or withdrawals per statement cycle

Health Savings Account


Choose this account if you want to offer your employees the option to pay for healthcare and qualified medical expenses.

Account Details

  • Minimum $50 opening deposit
  • No minimum balance requirement
  • No minimum balance fee
  • No monthly service fee
  • Accounts roll over year to year

 

  • Earn tiered, variable interest rates
  • Funds from this account can be used to pay for qualified medical expenses to bridge the gap before your deductible kicks in
  • Contributions, earnings and withdrawals are tax-free when used on qualified medical expenses (Consult your tax advisor

Business CDs


Choose this account if you want to earn higher interest for future investments.

Account Details

  • $100 minimum opening deposit
  • $100 minimum balance requirement
  • Early withdrawal subject to penalty
  • Customized terms ranging from 3 months to 48 months

 

  • Interest rate varies by term
  • Automatic renewals
  • 10 day grace period for renewals

 

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