Bank · FDIC insured
Farmers State Bank CD Rates
Farmers State Bank’s best CD rate is 4.15% APY on a 27-month CD. Terms run from 1 month to 5 years. Rates checked October 16, 2026.
How Farmers State Bank’s CD rates compare
Compared with banks and credit unions near Cedar Rapids, IA, where Farmers State Bank has the most branches. $10,000, best rate first.
This bank’s best
Farmers State Bank
4.15%APY
- Term
- 27 months
- Minimum
- $1,000
- Earns on $10,000
- $958
Flexible Term CD Special
Top rate
First Federal Credit Union.
7.30%APY
- Term
- 3 months
- Minimum
- $5,000
- Earns on $10,000
- $198
2nd-highest rate
Nicolet National Bank
4.75%APY
- Term
- 60 months
- Minimum
- $2,500
- Earns on $10,000
- $2,612
Farmers State Bank CD score
84
CD score
Higher than 68% of U.S. banks and credit unions
- 3–8 months3–8 mo2.50%
- 9–15 months9–15 mo4.00%
- 16–30 months16–30 mo4.15%
- 31–60 months31–60 mo1.05%
- QualifiedQualified4.15%
Each track runs from the lowest to the highest rate among U.S. banks and credit unions; the dot is this rate.Qualified: needs another account or monthly activity.
Where Farmers State Bank ranks
By CD score, in each area where it has branches
Every rate
Current CD rates
Rates from the bank’s website. Earnings assume the rate doesn’t change.
Flexible Term CD Special
Up to 4.15%APY · 2 terms
Existing CD renewals not subject to the special rates at maturity unless specifically requested at maturity. Interest is compounded and paid quarterly. Penalty for early withdraw may apply including loss of principal.
| Term | APY | Earns on $10,000Earns |
|---|---|---|
| 14 monthsExisting CD renewals not subject to special rates at maturity unless specifically requested. Compounded and paid quarterly. Penalty for early withdrawal may apply | 4.00% | $468 |
| 27 monthsExisting CD renewals not subject to special rates at maturity unless specifically requested. Compounded and paid quarterly. Penalty for early withdrawal may apply | 4.15% | $958 |
Sources (2)
All captured Oct 5, 2026
Certificate of Deposit
Up to 3.03%APY · 8 terms
Account automatically renews upon maturity with a 10 business day grace period. No deposits permitted after account is opened. Penalty for early withdrawal may apply (including loss of principal). Interest compounded and credited quarterly.
| Term | APY | Earns on $10,000Earns |
|---|---|---|
| 1 monthEarly withdrawal penalty: 1 month interest | 0.30% | $2 |
| 3 monthsEarly withdrawal penalty: 3 months interest | 0.35% | $9 |
| 6 monthsEarly withdrawal penalty: 3 months interest | 2.50% | $124 |
| 12 monthsEarly withdrawal penalty: 3 months interest | 3.03% | $303 |
| 24 monthsEarly withdrawal penalty: 12 months interest | 3.00% | $609 |
| 36 monthsEarly withdrawal penalty: 18 months interest | 0.85% | $257 |
| 48 monthsEarly withdrawal penalty: 24 months interest | 0.95% | $385 |
| 60 monthsEarly withdrawal penalty: 24 months interest | 1.05% | $536 |
Sources (3)
- myfsbonline.com/disclosures/truth-in-savings-disclosure
- myfsbonline.com/personal/banking/cd-rates-iowa
- myfsbonline.com/support/rates
All captured Oct 5, 2026
Opening an account
Confirm the bank’s opening requirements and whether the account is available where you live. A nearby branch does not establish eligibility for every rate.