CD Special




in honor of Fred Rewoldt's 90th Birthday:

2.11% APY interest on a 24-month CD (APR 2.09%)

Minimum deposit of $5,000

Special offered March 9th through March 31st, 2018


Interest paid semi-annually.  A penalty may be imposed for early withdrawal.

Public funds or financial institutions are not eligible for this rate.

Member FDIC  




Farmers Savings Bank - Frederika

Farmers Savings Bank

Frederika Iowa

If you have an event you would like us to publicize, please email us at:

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Notice Of Expiration of the Temporary Full FDIC Insurance Coverage for
Non-Interest Bearing Transaction Accounts

By operation of federal law, beginning January 1, 2013, funds deposited in a non-interest bearing transaction account (including an Interest on Lawyer Trust Account) no longer will receive unlimited deposit insurance coverage by the Federal Deposit Insurance Corporation (FDIC). Beginning January 1, 2013, all of a depositor's accounts at an insured depository institution, including all non-interest bearing transaction accounts, will be insured by the FDIC up to the standard maximum deposit insurance amount ($250,000), for each deposit insurance ownership category.


ATM Machine

Available 24 hours a day
7 days a week

Member FDIC - Equal Housing Lender