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Farmers State Bank
FreedomBank

Whether you're saving for the future, your retirement, or for something special, we have an account for you. For current saving account rates, please contact us.

SAVINGS ACCOUNT

  • $100 minimum opening balance
  • First 6 debits are free
  • No service charge for customers under age 26
  • Interest paid monthly or quarterly
  • Free online and mobile banking

FREEDOMSAVERS KIDS CLUB

  • $10 minimum opening balance
  • For age 13 and below
  • First 6 debits are free
  • Free piggy bank
  • Birthday recognition
  • Find out more about Freedom$avers Kids Club

CHRISTMAS CLUB

  • No minimum opening balance
  • Deposits only
  • Interest bearing
  • Paid out November 1st
  • Free online and mobile banking

MONEY MARKET

  • $5,000 minimum opening balance
  • Maintain $5,000 average current balance to avoid service charge
  • Interest based on average daily balance
  • First 6 debits are free
  • Free online and mobile banking
  • Free BillPay
  • 150 free basic checks at account opening

HEALTH SAVINGS ACCOUNT

  • No minimum opening balance
  • Maintain $500 average current balance to avoid administrative fee
  • Interest based on average daily balance
  • Used for medical related expenses according to tax laws
  • Annual contribution limits based on federal guidelines
  • Unlimited debits
  • Free checks
  • Free debit card
  • Free BillPay
  • Free online and mobile banking

CERTIFICATE OF DEPOSIT ACCOUNTS (CD)
For your long term savings goals, FreedomBank offers CD terms from 91 days to 60 months. Our FDIC insured CDs offer competitive rates and peace of mind for a low risk savings plan. For our current interest rates, please contact us or view our deposit rates.


INDIVIDUAL RETIREMENT ACCOUNTS (IRA)
Whether saving for retirement or education, FreedomBank offers a variety of Individual Retirement Accounts (IRAs). We offer Traditional, Roth, and CESA accounts. These accounts have maximum annual contribution limits and certain tax benefits based on federal guidelines. Please contact us and ask for one of our IRA Specialists for more information.