Farmers Bank - CDs and IRAs

Certificates of Deposits - CDS

	$2,500 minimum deposit required. Penalties apply for early withdrawal.
	You may choose to have the interest paid monthly, quarterly, annually or at maturity.
	Interest begins to accrue on the business day of the deposit.

Individual Retirement Accounts - IRAs

	Simplified Employee Pension IRA A Simplified Employee Pension (SEP) IRA is a retirement plan funded by employer contributions. The employer makes deductible contributions directly into each eligible employee's Traditional IRA.
	Roth IRA The Roth IRA is a nondeductible account that features tax-free withdrawals for certain distribution reasons after a five-year holding period. There are two requirements for eligibility to contribute to a Roth IRA: the investor must have earned income and the investor’s modified adjusted gross income can not exceed certain limits.
	Education IRA Coverdell Education Savings Accounts (ESA) is a non-deductible account that features tax-free withdrawals for a very specific purpose, a child's education expenses. With the cost of higher education going up every year, it's a great way to help offset the cost of your kid's college career!
	Traditional IRA The Traditional IRA is an account that allows the investor to defer taxes on earnings until funds are withdrawn. Certain contributions are tax deductible in the year they are made. Contribution amounts change on a yearly basis. Check with one of our IRA experts for the new yearly contribution limits.
	Disclosures: Substantial interest penalty is required for early withdrawal. Consult your tax advisor regarding eligibility.

Rates - click here to see our current interest rates on deposits.

Financial Calculators
How much do I need for a rainy day, retirement, my child's education, a dream vacation - click here to calculate how much you will need for those special times.

Customer Service
Contact one of our friendly customer service representatives at one of our locations. They will be happy to help you find the account or service that's right for you.

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