Checking Account Options
Farmers Savings Bank & Trust - Traer knows that a checking
account is the most important financial management service
that our bank can offer. Our customers use their checking
accounts every day to make purchases and pay expenses. Because
we also know that not every customer needs the same type of
checking account, we have a variety of checking account options,
and our experienced customer service representatives will
help you choose the account that meets your individual financial
management needs.
FSB Promise Checking
Account
A checking account designed to introduce the Farmers Savings
Bank & Trust - Traer difference!
Minimum Balance to Open the Account: You must deposit
$100 to open this account.
Monthly Service Charge: The regular monthly service
charge will be waived for the first six months; at the conclusion
of the six-month period, the normal service charge for the
Regular Checking or NOW account will be in effect.
Interest Rate/Yield: None
Additional Benefits: Your first order of 50 personalized
checks are FREE!
Regular Checking
A checking account to fit
every lifestyle.
Minimum Balance to Open the Account:
You must deposit $100 to open this account.
*Monthly Service Charge: See the following tiers to
avoid the imposition of fees:
- Average daily balance falls below
$200.
- Fee of $5.00 per month, plus tax.
- Average daily balance of at least
$200 but no more than $399.99.
- Fee of $3.00 per month, plus tax.
- Average daily balance of at least
$400 but no more than $499.99.
- Fee of $1.00 per month, plus tax.
The average daily balance is calculated
by adding the principal in the account for each day of the
period and dividing that figure by the number of days in the
period.
These fees will not apply if customer is 65 years of age or
over (you must notify us of your eligibility) or a Heritage
Club member.
A withdrawl fee of $.15 plus tax will be charged for each
debit transaction in excess of 50 checks during a monthly
statement cycle. This fee will not apply if customer is 65
years of age or over (you must notify us of your eligibility)
or a Heritage Club member.
Interest Rate/Yield: None.
NOW Checking Account
A checking account with your best interest in mind.
Minimum Balance to Open the Account: You must open
this account with a $100 deposit.
Monthly Service Charge: A maintenance fee of $5.00
will be imposed each monthly statement cycle if the average
daily balance for the monthly statement cycle falls below
$1,200. A withdrawal fee of 15¢ plus tax will be charged
for each debit transaction in excess of 50 during a monthly
statement cycle. This fee will not apply to Heritage Club
members. The average daily balance is calculated by adding
the principal in the account for each day of the period and
dividing that figure by the number of days in the period.
Interest Rate/Yield: Your interest rate and annual
percentage yield may change at any time. At our discretion,
we may change the rate on your account. Interest begins to
accrue on the business day you deposit noncash items such
as checks. Interest will be compounded every day and the interest
will be credited to your account every month.
Additional Benefits: By maintaining an average daily
balance of $1,200 in your account, you'll qualify for 50 transactions
a month with no service charge while earning a competitive
rate of interest.
Student Checking
Account
A checking account streamlined for today's student.
Minimum Balance to Open the Account: You must open
this account with a $100 deposit.
Monthly Service Charge: A withdrawal fee of 15¢
plus tax will be charged for each debit transaction in excess
of 10 during a monthly statement cycle.
Interest Rate/Yield: None
Additional Benefits: Withdraw 10 times a month without
a transaction fee!
Helpful Links:
Farmers Savings Bank & Trust will provide full account
disclosures at the time an account is opened.
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