Dedicated to Deposits: Deals, Data, and Discussion

2.02% 8-Month CD & 3.57% 55-Month CD at Farmers State Bank in Iowa - Local Only

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Farmers State Bank
Farmers State Bank is offering some competitive CD specials. These include a 2.02% APY 8-month CD, a 2.37% APY 17-month CD and a 3.57% APY 55-month CD. The 8-month CD has a $2,000 minimum deposit and the longer terms have a $1,000 minimum. These rates are listed in the bank's rates page as of the morning of 8/03/09.

It appears a branch visit is required to open an account. Branches are located in the Iowa cities of Cedar Falls, Waterloo, Jesup, Raymond, Dunkerton and Gilbertville.

The bank has decent ratings for safety and soundness: 3½ stars (good) at BauerFinancial and 4 stars (sound) at Bankrate.com. Both ratings are based on 3/31/09 financial data. The bank has been a FDIC member sincd 1934 (FDIC Certificate # 12855).

Thanks to the reader who mentioned these CD specials in the Daily News & Deals Post.

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  Tags: Iowa, CD rates, Farmers State Bank

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