Savings & CD's

First & Farmers National Bank's FREEDOM Suite of Accounts gives you the freedom to bank when, where and how you choose! From the traditional savings account to a high-yielding money market option, we have the right combination of flexibility and yield to make your money grow. For the latest in rate information, please contact your local First & Farmers National Bank branch.

FREEDOM Savers
Goals are achieved on step at a time. Our FREEDOM Savers account is a smart first-step in establishing your savings program. Interest is earned on every penny in your account. As long as a minimum daily balance of $25.00 is maintained, the $2.00 service charge is waived. The minimum to open is $25.00.¹

FREEDOM Junior Savers
For savers age 18 and younger, FREEDOM Junior Savers accounts open the door to savings. The account earns interest on all balances, and requires no minimum balance. Your "Junior Saver" can open their very own savings account with as little as $5.00.¹ It's never too early to learn to save!

Christmas Club Savings
Take a little bit of the stress out of holiday shopping by planning ahead. Christmas Club accounts can be opened mid-October through January with as little as $5.00 or as much as $2,500.00. Deposits can be made throughout the year, and checks will be issued just in time to begin Holiday shopping the following year. Interest is earned on all balances, but will be forfeited if the account is closed prior to maturity date. For Annual Percentage Yield (APY), please contact your local FFNB branch. Fees may reduce earnings. Maximum deposit $2,500.

Vacation Club Savings
Whether you plan to take a trip out West or just install a pool in the backyard, a Vacation Club Savings account is a great way to set aside a little cash for your summer plan! Vacation Club Savings accounts can be opened with as little as $5.00 mid-May through August. The maximum amount of deposit is $2,500.00, and deposits can be made throughout the year. For Annual Percentage Yield (APY), please contact your local FFNB branch. Interest is earned on all balances, but will be forfeited if the account is closed prior to maturity date. Fees may reduce earnings.

FREEDOM Money Market
When the time comes that your money should be doing more for you than just the basics, consider a Money Market investment account. Open with only $100.00 and earn high yields with balances greater than $1,000±. Avoid a $7.00 service charge by maintaining a minimum daily balance of $2,500.¹

±Accounts which have ledger balances less than $1,000 will not earn interest for the days the account falls below the minimum.

Certificates of Deposit - CDs
Short term, long term, big money or just starting out money. No matter what your investment needs may be we offer a variety of CDs.

  • Fixed rate/term 1-60 months
  • No penalty when you withdraw interest earned²

Visit one of your local First and Farmers branches to speak with an associate for details on current interest rates.

Individual Retirement Account-IRA
Save up for the better half of life with an IRA-the cornerstone of most people's retirement planning efforts. Contributions to your IRA may be tax deductible3 and interest earned will accumulate on a tax-deferred basis.

New tax laws have made IRAs even more attractive. Annual contribution limits are $5,500. Plus, if you are 50 years old or older, you may even add $1,000 per year as a "catch-up" contribution, allowing you to reach your retirement savings goals quicker than you expected. Previous year contributions can be made by April 15 of the current year.

If you expect to be in the same or higher tax bracket at retirement a Roth IRA may be a better option for you. While your contributions are not tax deferred they may be tax exempt at any time.³

Whether you need to rollover a 401K or whether you're just starting to save for retirement, First & Farmers National Bank has the right option for you. Stop by today and visit with one of our Customer Service Representatives.

1 Regular Savings, Junior Savings, and Money Market Investment accounts allow six (6) transfers each month, if by preauthorized or automatic transfer, or telephone (including data transmission) agreement, order or instruction. Three of these transfers may be made by check draft debit card or similar order (including POS transactions), made by the depositor and payable to third parties. Transfers and withdrawals made in person, by messenger, by mail, or at an ATM are unlimited. See our Schedule of Fees for additional information on transaction fees.

2 Penalties may apply for early withdrawal of principal.

3 Please consult with your tax advisor.

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