Saving for a rainy day, to send your kids to college, 
or your well deserved retirement? 

No matter what your savings goals are we have
choices to help your money grow. 

From traditional savings accounts to high yielding
money market options, we have the right 
combination of flexibility and yield to make
your money do more.

Regular Savings
Goals are achieved one step at a time.  Our Regular Savings account is the smart first step in establishing a savings program.  Plus, interest is earned on every penny in your account.   The $3 quarterly service charge will be waived if your minimum daily balance is $75 or more.1
Starter Savings
You’re never too young to learn that to get more down the road you need to start planning for it today.  For savers age 18 and under, Starter Savings is a great way to learn how to save.  It has no minimum balance or monthly service fee, plus earns interest.1

Christmas Club Savings
Take a little bit of the stress out of holiday shopping this year by planning ahead.  Open your Christmas Club account today, make regular deposits throughout the year, and enjoy worry-free shopping this holiday season.
Money Market Investment
When the time comes that your money should be doing more for you than just the basics, consider Money Market Investment.  Accounts with balances greater than $2,500 earn high yields.  In short, you have the best of all worlds—liquidity and a high earnings potential.1
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

Talk to a First and Farmers 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.  Beginning in 2007, annual contribution limits were increased to $4,000, and will continue to increase over the next few years.  This new law may allow you to reach your retirement savings goals much more quickly than you thought.

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
1 Regular Savings, Starter 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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First & Farmers National Bank - Main Office
 100 Public Square   -   Somerset, KY 42501
(606) 679-7451 or Toll Free: 1-877-677-2350

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