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 (only if customer has no deposit accounts)

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 ˝ of the initial deposit
  • Rate is locked for the entire term
  • Interest credited monthly

Individual Retirement Account

  • Minimum opening deposit:
    • $100 for 1 month fixed rate
    • $500 for all other fixed rate terms
  • Allowable contributions may be tax deductible
  • All earnings are tax-deferred
  • Term options:
    • Fixed rate terms from 1 month to 60 months
  • Retirement accounts available:
    • Spousal
    • Roth
    • Traditional
    • Coverdell
    • SEP (Simplified Employer Plan)

Savings Products

Traditional Savings Account

(Limited transactions, interest-bearing 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 $10.00 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
  • Savings Overdraft Fee-$32.75 per item

Young Generation Savings Account

(Limited transactions, interest-bearing account for individuals under age 18)
  • 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

(Limited transactions, interest-bearing account)
  • $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

(Non-transactional/non-interest bearing account) - Must own an existing deposit account at Farmers National Bank
  • 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)

Combined Statement Flexibility
You can request a statement that combines your checking account with all your Farmers National Bank savings and investment accounts to make it easier for you to track all of your financial activity each month.
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Farmers National Bank
304 West Main Street
Danville, KY 40422
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