FDIC-Insured – Backed by the full faith and credit of the U.S. Government
More Savings Options
Certificates of Deposit (CDs)
Farmers State Bank offers CDs with flexible maturities and competitive rates. Ask a Customer Service Representative to assist you in finding one that fits your needs. Interest earned can be added back into your CD, paid by check, or deposited into another account. Interest rates vary depending on the term of the CD. For a complete listing of our rates, please stop in at any of our branches, or call us at 406-642-3431.
Interest is compounded daily (excludes CDs with terms less than 12 months)
CDs are automatically renewable
Penalties apply for early withdrawal
Individual Retirement Accounts (IRAs)
Farmers State Bank Individual Retirement Accounts or IRAs are open certificates, which means you can add any amount at any time (in accordance with IRS limits); there is no bank penalty for early withdrawal and NO ANNUAL FEE. An IRA offers both tax benefits as well as income for retirement.
Traditional IRA
Interest earned is tax deferred until withdrawn
Contributions may be tax deductible for the tax year they are made
Roth IRA
Offers tax free withdrawals after holding period
Most contributions are non-deductible and taxed in the year they are earned
SEPS (Simplified Employee Pension Plan)
Provides a way for you to contribute to you and your employees’ retirement
Employer contributions to an employee’s plan are generally tax-deductible