A rewarding way to save
Whether you’re looking for a simple savings account or seeking a high-yield money market account, Farmers has you covered.
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Savings Options
| Statement Savings | Health Savings | Holiday Savings | |
|---|---|---|---|
| Minimum to Open | $100 | None | $5 |
| Monthly Service Fee | $5 if daily balance falls below $300 at any time during the month | $5/month fee applies if daily balance falls below $300.00 at any time during the statement cycle | None |
| Interest* | Variable rate applied on daily balances over $1.00* | Interest accrues daily on all balances* | Interest compounded and credited annually regardless of balance, calculated on daily balances* |
| Statement | Quarterly Statement | Monthly Paper Statement | At Account Closing |
| Debit Card | Savings can be attached to debit card to allow ATM withdrawals | Yes (HSA debit card) | No |
| Online Banking, BillPay, Mobile Banking & E-statements** | Yes | Yes | Yes (view only access) |
| Additional Information | $1.00 service fee for each withdrawal over 6 per month | Withdrawals are tax free when used for qualified medical expenses | Automatic transfers required from a Farmers checking account (weekly, bi-weekly, semi-monthly or monthly). Additional deposits can be made electronically or at teller window. No withdrawals may be made without closing account. Payout of principal and interest annually in October via automatic transfer into Farmers account. |
Learn more information about our additional services.
*Refer to interest rate charts and account disclosures for full details
**Canceling E-statements: You may opt-out of E-statements at any time by visiting one of our branch locations. If you opt-out of E-statements, we will resume delivery of your paper statements by U.S. Mail. There will be a $30 reinstatement fee associated with the reinstatement of paper statements.
Money Market Accounts
| Money Market Index | Elite Gold Money Market | |
|---|---|---|
| Minimum to Open | $5,000 | $25,000 |
| Monthly Service Fee | $10.00 monthly service charge if balance falls below $5,000 at any time during the month | $25.00 monthly service charge if balance falls below $25,000 at any time during the month |
| Interest* | Variable tiered interest based on market conditions, subject to change monthly. Interest paid on balances of $5,000 or more.* If balance is below $5,000 - no interest is earned. | Variable tiered interest based on market conditions, subject to change monthly. Interest paid on balances of $25,000 or more.* If balance is below $25,000 - no interest is earned. |
| Statement | Monthly Paper Statement (E-statement available**) | Monthly Paper Statement (E-statement available**) |
| Online Banking, BillPay, Mobile Banking & E-statements** | Yes | Yes |
Additional Information
Learn more information about our additional services
*Refer to interest rate charts and account disclosures for full details
**Canceling E-statements: You may opt-out of E-statements at any time by visiting one of our branch locations. If you opt-out of E-statements, we will resume delivery of your paper statements by U.S. Mail. There will be a $30 reinstatement fee associated with the reinstatement of paper statements.
Other fees, terms and conditions apply.
Rates are subject to change without notice.
SEE BANK DISCLOSURE FOR DEPOSIT MINIMUMS AND OTHER REQUIREMENTS