Business Banking
Business Account
$500.00 minimum balance
A fee of $5.00 will be assessed if the balance falls below $500.00 on any day of the cycle. Also, an additional fee of $.25 will be charged per debit.
Business NOW Account
$1,000.00 minimum balance
A fee of $7.00 will be assessed if the balance falls below $1,000.00 on any day of the cycle. Also, an additional fee of $.25 will be charged per debit.
Minimum daily balance to earn interest is $1,000.00
Business Money Market Account
$2,500.00 Minimum Balance
A fee of $10.00 will be assessed if the balance falls below $1,000.00 on any day of the cycle. An additional fee of $5.00 will be charged for debits greater than three to third parties.
Minimum daily balance to earn interest is $2,500.00
|
Farmers State Bank is participating in the FDIC’s Transaction Account Guarantee Program. Under that program, through June 30, 2010, all noninterest-bearing transaction accounts are fully guaranteed by the FDIC for the entire amount in the account. Coverage under the Transaction Account Guarantee Program is in addition to and separate from the coverage available under the FDIC’s general deposit insurance rules. Also, NOW accounts held with Farmers State Bank are covered under Transaction account Guarantee Program which is a result of the accounts earning less than .50% interest rate. |