Interest Bearing Accounts

N.O.W. Accounts

$1,000.00 minimum to open account.

Monthly statement.

$9.00 service charge per statement cycle unless a minimum balance of $1,000.00 is maintained the entire statement cycle.

$.20 additional charge per check in excess of 35 posted during the statement cycle.

Interest rates are tiered and interest is credited monthly.




Money Market Deposit Accounts

$1,500.00 minimum to open account

Monthly statement.

$9.00 service charge per statement cycle unless a minimum balance of $1,500.00 is maintained the entire statement cycle.

Limited to 6 automatic withdrawals per statement cycle (automatic or preauthorized transfer, telephone order or instruction, electronic transfer, online banking transfer, check, draft, debit card transaction, or similar order to a third party).

$10.00 fee per item will be charged in excess of 6 posted during the statement cycle.

Interest rates are tiered and interest is credited monthly.

Interest rate will decrease to savings rate for the days the balance falls below the minimum balance of $1,500.00.




Business Interest Bearing Accounts

$500.00 minimum to open account.

Monthly statement.

$7.00 service charge per statement cycle.

$.10 additional charge per check paid less $.10 credit per $100.00 minimum balance maintained the entire statement cycle.

Interest is credited monthly.




Statement Savings Accounts

$100.00 minimum to open account.

$3.00 service charge per month will be applied if the balance falls below $200.00 any day of the month.

This fee does not apply to minors under 18 years of age or senior citizens 60 years of age or older if we have been notified.

It is the responsibility of the customer to inform us of their Date of Birth.

Limited to 6 automatic withdrawals per statement cycle (automatic or preauthorized transfer, telephone order or instruction, electronic transfer, online banking transfer). No transfers by check, draft, debit card transaction, or similar order to a third party are allowed.

$10.00 fee per item will be charged in excess of 6 posted during the statement cycle.

Interest is credited monthly.




Certificates of Deposit

$500.00 minimum to open account.

Fixed rates with maturities ranging from 6 months to 8 years.

Interest may be compounded to the certificate.

Penalties for early withdrawal.

Automatic renewals.




Individual Retirement Accounts

$500.00 minimum to open account.

Fixed rates with maturities ranging from 1 year to 7 years.

Interest may be compounded to the IRA.

Penalties for early withdrawal if person is under 59 1/2 years of age.

Automatic renewals.


*PLEASE NOTE: There is a $1.00 paper statement fee (per paper statement) on all accounts.  Fee can be avoided by signing up for electronic statements.  Inquire at 330-648-2441.

The Farmers Savings Bank welcomes your comments. We strive to give our customers the best service possible. If you have any questions or comments, please call us at 330-648-2441 or email us at info@fsb-spencer.com. We are, "The Bank with the Personal Touch."

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