Available to residents of Blackhawk, Bremer, and Buchanan Counties in Iowa, Farmers State Bank has wide array of products to meet your individual needs. They currently offer standard CD rates from < 12-months to 120-months with 0.22% to 0.95% APY Rates. They also have a special 17- month CD term with 2.05% APY and 34-Month CD term with 2.35% APY when you have $250K balances or more. By joining Farmers State Bank, you get to enjoy earning higher rate of interest than regular savings account. I would recommend going in with the CD that fits your needs. If you are interested, make sure to read on to learn more about Farmers State Bank’s wide array of CDs!
Farmers State Bank CDs:
CDs are a certificate issued by a bank to a person depositing money for a specified length of time and usually the longer of a term is – the higher APY rate you make! Farmers State Bank’s Best CD Offer pays the highest APY rate with a 2.35% APY rate on 34 Month CD term. Their second highest APY rate is for a 17 Month CD and offers a 2.05% APY rate. Shazam Bolt$, which is currently Farmers State Bank’s Mobile App that allows you to transfer money, find local ATMs, as well as keep track of your account. Farmers State Bank wants to make you feel supported and helps put you in control of your hard earned funds. If you’re interested in making a higher rate than a traditional savings account then make sure to check out Farmers State Bank’s CDs. And remember, your CDs are FDIC insured so invest in a CD today!
Special CD Rates:
| Term | Minimum Balance | APY |
|---|---|---|
| 17 Month | $5,000 | 1.85% |
| 17 Month | $100,000 | 1.85% |
| 17 Month | $250,000 | 2.05% |
| 34 Month | $5,000 | 2.15% |
| 34 Month | $100,000 | 2.25% |
| 34 Month | $250,000 | 2.35% |
Certificates of Deposits Rates:
| Term | Minimum Balance | APY |
|---|---|---|
| < 12 Month | $5,000 | 0.22% |
| 12 Month | $5,000 | 0.41% |
| 24 Month | $2,500 | 0.51% |
| 36 Month | $2,500 | 0.61% |
| 60 Month | $2,500 | 0.95% |
*Rates Effective As Of 12/11/2017
CD Features:
- Different terms to select from
- Earns higher rate of interest than regular savings account
- Interest compounds
- Fixed rate of interest
- Paid interest may be withdrawn with no penalty
- CD can be used as collateral on a loan
- Multiple ownership
Bottom Line:
If you are interested in a short term or long term CD, look no further as Farmers State Bank offers you a standard and special CD rates that go up to 2.05 APY on 17 month term or 2.35% APY on 34-Month CD term. To see what other CD rates are available in your area, be sure to check out our Best 18-Month CD Rates & Best 36-Month CD Rates. All you need to do is to pick your CD term and watch your money grow! You can have peace of mind that Farmers State Bank is insured up to $250,000 by the FDIC. Sign up for a CD with Farmers State Bank and the enjoy their high APY rates today. Check out our Best CD Rates at HMB!
Disclaimer: Rates / APY terms above are current as of the date indicated. These quotes are from banks, credit unions and thrifts. Bank, thrift and credit union deposits are insured by the FDIC or NCUA. Contact the bank for the terms and conditions that may apply to you. Rates are subject to change without notice and may not be the same at all branches.
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