Certificates of Deposit and IRAs

Certificates of Deposit

• Term options: 3 months to 60 months
• Interest options:
• • Compounded
  • Direct deposit to a Farmers National Bank account
  • Mail check

Advantage Plus - a 12 month penalty free Certificate of Deposit product.

• Requires $2,500 minimum balance
• Unlimited deposits made at any time after the first 7 days-minimum deposit of $100
• Up to 2 withdrawals allowed prior to maturity-limited to ½ of the initial deposit
• Rate is locked for the entire term
• Interest credited monthly

Individual Retirement Account

• Minimum opening deposit:
• • $100 for variable rate
  • $500 for fixed rate
• Allowable contributions may be tax deductible
• All earnings are tax-deferred
• Term options:
• • Fixed rate terms from 6 months to 120 months
  • Variable rate term - 1 month
• Retirement accounts available:
• • Spousal
  • Roth
  • Traditional
  • Coverdell
  • SEP (Simplified Employer Plan)

Savings Products

Traditional Savings Account

• Minimum of $100 to avoid service charge
• Fee of $3.00 if balance falls below minimum
• Limit of 6 withdrawals or pre-authorized transfers
• Above 6 transactions-fee of $1.00 per transaction
• Tiered interest rates
• ATM/Debit card available if combined with a checking account
• Quarterly statement by mail
• Monthly statement is available if combined with a checking account

Young Generation Savings Account

• Minimum of $10.00 to open
• No minimum balance requirement
• Limit of 1 free withdrawal or transfer per month
• Additional withdrawals during the month will be $1.00 per transaction
• Limited to six pre-authorized transfers per month
• Tiered interest rates

Money Market

• $2,500 minimum opening deposit
• Tiered interest rates
• Monthly balance fee
• • $10 fee if daily balance falls below $2,500
• Limited to six pre-authorized transfers per month
• Transfers in excess of six incur a fee of $10 each
• Interest compounded monthly

Christmas Club

• Payment options
• • In person or by mail
  • Automatic transfer from any FNB checking or savings account
• Payment in October by check or deposit

  All of the above Offer:

• 24 Hour TeleBanc toll-free account information

238-0601 (Locally in Danville) 

1-888-484-7139 (Outside of Boyle County)

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