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Deposit & Investments

Deposits

PERSONAL CHECKING ACCOUNTS
Farmers & Traders Saving Bank offers three types of checking accounts: Regular, NOW, and Super NOW. With each type you’ll receive a monthly statement, with copies of checks and deposits and all other account activity during the statement period.

REGULAR CHECKING: FREE checking if you maintain a low minimum balance of $200 or an average balance of $1,000 during the statement period. There is no service charge for grade school students or high school students (and for the first four (4) years after high school graduation). There is also no service charge for senior citizens or nonprofit organizations with REGULAR checking accounts.

NOW CHECKING: Earn a variable rate of interest on your checking account dollars. FREE checking if you maintain a low minimum balance of $500 or a $2,000 average balance during the statement period. Interest will continue to be earned on this account if you fall below the balance requirements.

SUPER NOW CHECKING: The Money Market Account! Earn money market rates of interest on your checking account. FREE checking if you maintain a $2,000 minimum balance or a $2,500 average balance during the statement period. Interest will continue to be earned (at the NOW checking account rate) if you fall below the balance requirements.

ADDITIONAL SERVICES AVAILABLE WITH FTSB CHECKING ACCOUNTS!
• Checks
• Debit Card
• Internet Banking
• Telephone Banking
• Overdraft protection: FTSB will transfer funds, in increments of $100, from one of your accounts to another FTSB account to cover checks. There is a fee for this service.

BUSINESS CHECKING ACCOUNTS are also available.

Please contact us regarding terms & conditions on the above accounts & services. We can help you determine which FTSB accounts & services are right for you or your business.


Investments

Farmers & Traders Savings Bank offers several investment plans to fit the individual needs of our customers. If you desire, we can discuss your particular savings goals and help recommend a savings plan for you.

REGULAR PASSBOOK SAVINGS ACCOUNT:Earn a variable rate of interest on a low minimum balance account. You may add to your account at any time. $200 minimum balance to open. A quarterly maintenance fee applies if the minimum daily balance falls below $200. Annual statement provided.

FTSB MONEY MARKET SAVINGS: Earn a money market rate of interest on account balances greater than $2,500 and the NOW account interest rate even if the balance falls below the requirement.

CERTIFICATES OF DEPOSIT: FTSB offers short-term and long-term certificates: 3 month, 6 month, 1 year, 2 year, and 3 year. When you invest your dollars with us, they earn competitive rates of interest and help finance the growth of our area. There is substantial penalty for early withdrawal.

RETIREMENT PLANS: We offer IRA, SEP IRA, and ROTH IRA plans which are convenient for our customers. Whether you want to deposit each week, each month, or once a year to your retirement savings plan, we can help you with your individual retirement account. The deposits you make and the interest earned on those deposits may accumulate tax free until they are distributed. There is a substantial penalty for early withdrawal. Let us help you save for your future.

Please contact us regarding terms & conditions on the above accounts as well as current interest rates. We can help you determine which accounts are right for you.