Secure Your Future
Discover Our CD & IRA Options
Explore our CDs and IRAs for a secure financial future. Tailored for retirement savings or steady growth, our competitive rates and flexible terms ensure maximum savings potential. With low-risk CDs and tax-advantaged IRAs, take charge of your financial journey today.
Certificates of Deposit (CDs)
- Fixed rates, higher than regular savings account
- Receive higher rates by selecting a longer term
- Interest may be added back to the Certificate or deposited into another account at Farmers Bank
- Provides more guarantee than other risky investments
- Set aside for future savings goals
- A wide range of terms available
- No setup or maintenance fees
- Early withdrawals subject to penalty
- $2,500 minimum deposit to open
Individual Retirement Accounts (IRAs)
- Competitive interest above standard savings rates
- Traditional and Roth IRA Options
- No setup fees
- No monthly or annual maintenance fees
- Annual contribution limits apply (see current contribution limits; $6,000 as of 2020)1
- Additional $1,000 “catch-up” contribution allowed for ages 50+
- Funds can be used to purchase CDs within IRA
- $2,500 minimum deposit to open
1Consult a tax advisor.
*Call for current rates.
