CD & IRA

Certificates of Deposit

A safe way to grow your investment!

A Certificate of Deposit, or CD, is a great way for customers to earn a higher return on their investment when they do not need immediate access to their money. All CDs offered are FDIC insured, so your money is kept safe and secure while increasing your earning potential.

The Farmers State Bank and Trust Company offers Certificates of Deposit with maturity dates ranging from three months to five years. A CD can be started with as little as a $500.00 investment. Various options are available for payment of interest. There is a substantial penalty for early withdrawal.

Call our Customer Service Department at (217) 479-4000 for today’s competitive rates.

Individual Retirement Account

Retire in Style

Take an active role in planning your financial future by opening an Individual Retirement Account. An IRA is a great way to accumulate additional funds to supplement Social Security, personal savings, and other investments. The IRAs offered by The Farmers State Bank and Trust Company are FDIC insured, so your money is kept safe and secure while increasing your earning potential.  When planning for retirement, the sooner you start investing, the sooner you can gain your financial independence and retire in style.

Call (217) 479-4000 or stop by the Bank to begin your Retirement savings strategy today.

1 Year Variable IRA

This account is an interest-bearing account. The interest rate and annual percentage yield may change. We may change the interest rate on the account monthly on the first business day of each month. Interest will be compounded monthly and will be credited to the account monthly.

You must deposit $100.00 to open this account. You may not make withdrawals from your account until the maturity date.

Your account will mature in one year. If you withdraw any of the principal before the maturity date we may impose a penalty of 90 days simple interest. This account will renew automatically. You will have 10 days after the maturity date to withdraw funds without penalty.

3 Year Variable IRA

This account is an interest-bearing account. The interest rate and annual percentage yield may change. We may change the interest rate on the account quarterly on the first business day of each quarter. Interest will be compounded quarterly and will be credited to the account quarterly.

You must deposit $100.00 to open this account. You may not make withdrawals from your account until the maturity date.

Your account will mature in three years. If you withdraw any of the principal before the maturity date we may impose a penalty of 180 days simple interest. This account will renew automatically. You will have 10 days after the maturity date to withdraw funds without penalty.

18 Month Fixed Rate IRA

This account is an interest-bearing account. The interest rate and annual percentage yield will not change for the term of the account. The interest rate will be in effect for 18 months. Interest will be compounded semi-annually and will be credited to the account semi-annually.

You must deposit $100.00 to open this account. You may not make additional deposits into this account. You may not make withdrawals from your account until the maturity date.

Your account will mature in 18 months. If you withdraw any of the principal before the maturity date we may impose a penalty of 180 days simple interest. This account will renew automatically. You will have 10 days after the maturity date to withdraw funds without penalty.