Personal Banking
Regular Checking
Free
- No minimum deposit required to open an account
- No minimum balance required
- No monthly service fees
- Images are provided with monthly statements
- Free Internet banking
- Free debit card
Now Checking
- $1,000 minimum deposit required to open account
- Interest paid monthly
- Maintain an average daily balance of $1,000 to avoid $5.00 service charge for the month
- Images are provided with monthly statements
- Free Internet banking
- Free debit card
Regular Savings
Free
- No minimum deposit required to open an account
- No minimum balance required
- No monthly service fees
- Interest paid quarterly
- Images are provided with quarterly statements
- Free Internet banking
Money Market Savings
- $1,000 minimum deposit required to open account
- Interest paid monthly
- Maintain a minimum balance of $1,000 to avoid $5.00 service charge for the month
- Images are provided with monthly statements
- Free Internet banking
Certificate of Deposit (CD)
Farmers State Bank of Turton offers a variety of terms and rates on a CD. Please call or stop in and talk to our friendly staff to find out the current rates.
- Free Internet banking
- Certificates are automatically renewable unless otherwise noted
- A penalty may be imposed for early withdrawal
Individual Retirement Account (IRA)
An IRA is a type of account established to assist people with planning for their retirement needs. Generally, money put into an IRA cannot be taken out before age 59 1/2 without penalty from the IRS (there are exceptions to this rule).
Farmers State Bank of Turton offers the following types of IRA accounts:
- Roth IRA
- Traditional IRA
- Educational IRA
- SEP IRA (if you are the owner of a small business)
- Free Internet banking
There is a minimum deposit amount of $100.00 to open any type of IRA. Farmers State Bank of Turton offers competitive rates on IRAs. Please call or stop in and talk to our friendly staff to find out the current rates.