Father and son site on a couch with a piggy bank and money

Saving Accounts

Open a Savings Account with FSB

Whether you're looking for high-yield savings or money markets, FSB has the right account option that fits your needs, offering competitive rates to ensure your money works for you.

See Account Options

Which Savings Account is Right For You?

Explore FSB's Saving Accounts to find the perfect fit for you.

Regular Savings

Begin saving with a basic savings account and enjoy no fees.⁵

Key Benefits:

Minimum opening deposit: $50
Minimum balance to earn interest: $100
- (See current rates)
No fees when you maintain a $100 daily balance⁵
6 fee-free withdrawals every month

Icon for FSB's Ultimate Saving Account in Eastern Iowa (Cedar Rapids, Marion, Iowa City, and more)

Ultimate Account

Enjoy the flexibility of a savings account with higher rates.

Key Benefits:

Minimum opening deposit: $10,000
Tiered interest rates, compounded quarterly
- As high as 3.00% APY^†
1 penalty-free withdraw during the first five business days of the month
No monthly maintenance fee

Money Market

Grow your money with flexible access & competitive rates.

Key Benefits:

Minimum opening deposit: $1,000
Earn interest as high as 1.75% APY^†
No fees when you maintain a $1,000 daily balance⁶
6 transfers per month with unlimited in-person withdrawals

Certificate of Deposit

Grow your money with guaranteed returns & flexible terms.

Key Benefits:

Minimum opening deposit: $1,000
Terms from 1 to 60 months
- 5-Month Special: 4.45% APY¹⁰
Interest compounded and paid quarterly
Automatic renewals (excluding CD specials)

Icon for FSB's FSBee Club Saving Account in Eastern Iowa

FSBee Club Savings

Start your child’s savings with fun events and exclusive prizes.

Key Benefits:

Available for ages 12 and under¹
Open with as little as $5 and receive a $25 bonus
No fees—ever
Quarterly newsletters, birthday gifts, and more fun activities

Icon for FSB's Youth Saving Account in Eastern Iowa (Cedar Rapids, Marion, Iowa City, and more)

Youth Savings

Help your teen build a solid foundation & earn interest.

Key Benefits:

Available for ages 13–23²
Minimum opening deposit: $5
No fees—ever
No minimum balance required

Benefits of FSB's Saving Accounts

All personal saving accounts offer:

Easily-Waived Fees Meet the balance requirements to waive maintenance fees.	Overdraft Protection⁸ Link your checking account to your savings for overdraft protection.⁴	Online & Mobile Banking Access your accounts with online and mobile⁷ banking.
Custom Account Alerts Set up alerts to stay informed about your account activity.	eStatements Receive your statements electronically.⁹

Farmers State Bank has amazing customer service. Opening a new account for my son was effortless.
- Eric F.

Open a Savings Account Online or Visit a Branch!

FSB's team of experienced bankers is here to assist you in finding the perfect savings account to meet your needs. Enjoy the convenience and expertise of community banking.

Need Help Deciding Which Savings Account Is For You?

Let FSB help you find the savings account that fits your financial goals and lifestyle. Start banking Faster. Stronger. Better.^® today!

Contact a Banker

User using FSB's mobile app in Eastern Iowa (Cedar Rapids, Marion, Iowa City, and more).

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Saving Account Disclosures

Additional Terms and Conditions Apply. Subject to approval.

¹This account is restricted to minor account holders being age 12 or under. When the minor accountholder reaches age 13, this this account will be converted to a Youth Savings (or other comparable) account. Additional terms & conditions apply.

²This account is restricted to the primary accountholder being age 23 or under. When the Primary Accountholder reaches age this account will be converted to a Regular Savings (or other comparable) account.

³Plus applicable sales tax if assessed.

⁴Must transfer to an FSB checking account.

⁵If your daily balance falls below $100 at any point during the month, a $3 monthly maintenance fee will be charged to your account.

⁶If your daily balance falls below $1,000 at any point during the month, a $6 monthly maintenance fee will be charged to your account.

⁷Message and data rates may apply.

⁸Excludes CDs & Ultimate Account.

⁹Excludes CDs.

¹⁰Annual Percentage Yield (APY) All rates are subject to change without notice. Existing CD renewals not subject to the special rates at maturity unless specifically requested at maturity. Interest is compounded and paid quarterly. Fees may reduce earnings. Penalty for early withdraw may apply including loss of principal.

^†Annual Percentage Yield (APY)All rates are subject to change without notice. Interest bearing account – refer to FSB rate sheet for information on Interest Rates and Annual Percentage Yields. FSB is not responsible for typographical errors or omissions.

Account Details:

Minimum Opening Deposit: $50
Minimum Daily Balance to Avoid Monthly Maintenance Fees: $100⁵
- Monthly maintenance fee: $3³
Minimum Balance Required to Earn Interest: $100
- (See current rates)
$0.50 fee per withdrawal if you make more than 6 per month and your average daily balance is below $2,500
Link your checking account for overdraft protection
Receive your account statements electronically with eStatements

Apply Online

³Plus applicable sales tax.

⁵If your daily balance falls below $100 at any point during the month, a $3 monthly maintenance fee will be charged to your account.

Account Details:

Minimum opening deposit: $10,000
Unlimited deposits after account opening
Tiered interest (See current rates)
Interest compounds OR can be transferred quarterly⁴
No maturity date
Early withdrawal penalty: $50.00 or 7 days interest, whichever is greater
- Waived for one withdrawal within the first 5 business days of each month
No monthly maintenance fee
Receive your account statements electronically with eStatements

Online account opening is not available - please stop by any FSB Branch to get started!

⁴Must transfer to an FSB checking account.

Additional Terms and Conditions Apply.
Interest bearing account – refer to FSB rate sheet for information on Interest Rates and Annual Percentage Yields.

Account Details:

Minimum Opening Deposit: $1,000
Minimum Daily Balance to Avoid Monthly Maintenance Fees: $1,000⁶
- Monthly maintenance fee: $6³
Allows 6 transfers per statement cycle, including checks
Unlimited in-person withdrawals
Unlimited ATM transactions
Link your checking account for overdraft protection
Receive your account statements electronically with eStatements

Apply Online

³Plus applicable sales tax.

⁶If your daily balance falls below $1,000 at any point during the month, a $6 monthly maintenance fee will be charged to your account.

Account Details:

Minimum opening deposit: $1,000
Various terms available
Competitive Annual Percentage Yields (APYs)
- See current rates
Interest is compounded and paid quarterly
Automatic renewals (excluding CD specials)

Apply Online

See FSB Rates for full list of CD offerings.

Account Details:

Minimum opening deposit: $5
Account opening bonus: $25
No minimum balance required to earn interest
No fees, including no monthly maintenance fee and no service fees
Quarterly newsletters, birthday gifts, exclusive events, and special access to prizes from Ca$h the Bee
Receive your account statements electronically with eStatements

Parent Benefits:

Online transfers between FSB accounts
Convenient online eStatements
Joint ownership

Online account opening is not available - please stop by any FSB Branch to get started!

¹This account is restricted to the minor accountholder being age 12 or under. When the minor accountholder reaches age 13, this account will be converted to a Youth Savings (or other comparable) account.

Account Details:

Available for ages 13–23
Minimum Opening Deposit: $5
No minimum balance required to earn interest
- (See current rates)
No monthly maintenance fees
Receive your account statements electronically with eStatements

Online account opening is not available - please stop by any FSB Branch to get started!

²This account is restricted to the primary accountholder being age 23 or under. When the Primary Accountholder reaches age 24, this account will be converted to a Regular Savings (or other comparable) account.