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.
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
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!
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.
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.
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
Certificates of Deposit
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
- No penalty when you withdraw interest
Visit one of your local First and Farmers
branches to speak with an associate for details on current interest
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.