Bank · FDIC insured
Farmers State Bank Savings Rates
Farmers State Bank’s best savings rate is 1.50% APY on $10,000, with its Money Market Account. Rates checked October 16, 2026.
How Farmers State Bank’s savings 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
1.50%APY
- Minimum
- $1,000
- Earns on $10,000 a year
- $150
Money Market Account
Top rate
Collins Community Credit Union
3.05%APY
- Minimum
- $1,000
- Earns on $10,000 a year
- $305
2nd-highest rate
Dupaco Community Credit Union
2.25%APY
- Minimum
- $0
- Earns on $10,000 a year
- $225
Farmers State Bank savings score
88
Savings score
Higher than 84% of U.S. banks and credit unions
- $1,000 balance$1,0001.25%
- $10,000 balance$10,0001.50%
- $100,000 balance$100,0002.55%
- QualifiedQualified1.50%
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 savings score, in each area where it has branches
Every rate
Current savings rates
Rates from the bank’s website. Earnings assume the rate doesn’t change.
Ultimate Savings Account
0.20%APY
Balances below $10,000.00 will not earn interest. No monthly maintenance fee. Penalty for early withdrawal is seven days interest on amounts withdrawn or $50.00, whichever is greater, except one penalty-free withdrawal permitted during first five business days of each month if funds have been on deposit 6+ business days without withdrawals in prior 6 business days. Not available for public funds or individual retirement accounts. Online account opening not available.
| Balance | APY | Earns on $10,000 a yearEarns |
|---|---|---|
| Up to $10,000 | 0.00% | — |
| $10,000 – $25,000 | 0.20% | $20 |
| $25,000 – $50,000 | 0.40% | — |
| $50,000 – $100,000 | 1.00% | — |
| $100,000 – $249,999 | 2.25% | — |
| $250,000 and up | 3.00% | — |
Sources (3)
- myfsbonline.com/disclosures/truth-in-savings-disclosure
- myfsbonline.com/personal/banking/savings
- myfsbonline.com/support/rates
All captured Oct 16, 2026
Money Market Account
1.50%APY
Minimum opening deposit of $1,000. $6 monthly maintenance fee waived by maintaining a $1,000 daily balance. Allows up to 6 transfers per statement cycle/month, including checks, with unlimited in-person withdrawals and ATM transactions. Also applies to corresponding Connect Club Accounts.
| Balance | APY | Earns on $10,000 a yearEarns | Requirement |
|---|---|---|---|
| Up to $10,000Avoid the $6 monthly maintenance fee by maintaining a $1,000 daily balance. | 1.25% | — | Avoid the $6 monthly maintenance fee by maintaining a $1,000 daily balance. |
| $10,000 – $50,000Avoid the $6 monthly maintenance fee by maintaining a $1,000 daily balance. | 1.50% | $150 | Avoid the $6 monthly maintenance fee by maintaining a $1,000 daily balance. |
| $50,000 – $100,000Avoid the $6 monthly maintenance fee by maintaining a $1,000 daily balance. | 1.75% | — | Avoid the $6 monthly maintenance fee by maintaining a $1,000 daily balance. |
| $100,000 – $249,999Avoid the $6 monthly maintenance fee by maintaining a $1,000 daily balance. | 2.55% | — | Avoid the $6 monthly maintenance fee by maintaining a $1,000 daily balance. |
| $250,000 and upAvoid the $6 monthly maintenance fee by maintaining a $1,000 daily balance. | 2.70% | — | Avoid the $6 monthly maintenance fee by maintaining a $1,000 daily balance. |
Regular Savings Account
0.20%APY
A maintenance fee of $3.00 per month applies if minimum daily balance of $100.00 is not maintained. A withdrawal fee of $0.50 applies for each withdrawal in excess of 6 per month unless a $2,500.00 average daily balance is maintained. Maximum 6 preauthorized/automatic transfers or withdrawals per statement cycle.
| Balance | APY | Earns on $10,000 a yearEarns |
|---|---|---|
| Up to $100 | 0.00% | — |
| $100 – $1,000 | 0.05% | — |
| $1,000 – $20,000 | 0.20% | $20 |
| $20,000 and up | 0.40% | — |
Sources (3)
- myfsbonline.com/disclosures/truth-in-savings-disclosure
- myfsbonline.com/personal/banking/savings
- myfsbonline.com/support/rates
All captured Oct 16, 2026
Special-purpose accounts
Health Savings Account
1.50%APY
Available for qualified medical expenses for individuals with high-deductible health plans.
| Balance | APY | Earns on $10,000 a yearEarns |
|---|---|---|
| Up to $10,000 | 0.50% | — |
| $10,000 – $25,000 | 1.50% | $150 |
| $25,000 – $50,000 | 2.50% | — |
| $50,000 and up | 3.00% | — |
Sources (2)
All captured Oct 16, 2026
FSBee Club Savings
0.20%APY
Restricted to minor account holders age 12 and under. Automatically converts to Youth Savings (or comparable) when reaching age 13. No monthly maintenance fee. Online account opening not available. Includes $25 opening bonus.
| Balance | APY | Earns on $10,000 a yearEarns |
|---|---|---|
| Up to $1,000 | 0.05% | — |
| $1,000 – $20,000 | 0.20% | $20 |
| $20,000 and up | 0.40% | — |
Sources (2)
All captured Oct 16, 2026
Youth Savings
0.20%APY
Restricted to primary accountholder age 23 or under. Automatically converts to Regular Savings (or comparable) when reaching age 24. No monthly maintenance fee. Maximum 6 preauthorized/automatic transfers or withdrawals per statement cycle. Online account opening not available.
| Balance | APY | Earns on $10,000 a yearEarns |
|---|---|---|
| Up to $1,000 | 0.05% | — |
| $1,000 – $20,000 | 0.20% | $20 |
| $20,000 and up | 0.40% | — |
Sources (3)
- myfsbonline.com/disclosures/truth-in-savings-disclosure
- myfsbonline.com/personal/banking/savings
- myfsbonline.com/support/rates
All captured Oct 16, 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.