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Farmers State Bank of Western Illinois


TODAY'S FEATURED RATES
Member FDIC
APY APY = Annual Percentage Yield Rates as of 4/30/2025
4.54%
Our Rating
4.2  / 5
Peak Bank
Envision High Yield Savings
See Offer
Sponsored Note: Member FDIC: Insured up to $250,000. $100 Deposit Earns Interest Immediately.
Member FDIC
APY APY = Annual Percentage Yield Rates as of 4/30/2025
4.10%
Our Rating
4.2  / 5
CIT Bank
Platinum Savings
See Offer
Sponsored Note: Get up to a $300 Cash Bonus. FDIC Insured. See site for details.
Member FDIC
APY APY = Annual Percentage Yield Rates as of 4/30/2025
3.80%
Our Rating
4.3  / 5
SoFi® Bank, N.A.
SoFi Checking and Savings
See Offer
Sponsored Note: Earn up to 3.80% APY and up to $300 with direct deposit. Members can unlock our highest savings rate with direct deposit OR by depositing $5,000 or more every 30 days. Terms Apply. Member FDIC
Member FDIC
APY APY = Annual Percentage Yield Rates as of 4/30/2025
3.70%
Our Rating
4.3  / 5
American Express®
High Yield Savings Account
See Offer
Sponsored Note: Interest compounds daily, deposited monthly
Member FDIC
Bonus Amount
up to $300
Our Rating
4.3  / 5
SoFi® Bank, N.A.
SoFi Checking and Savings
See Offer
Sponsored Note: Earn up to $300 with direct deposit, plus 2-day-early-pay. FDIC insured!
Overview / Commentary
fsbwil.com
309-629-4361
124 West D Street
Alpha, IL 61413-0369

Farmers State Bank of Western Illinois is headquartered in ALPHA and is the 226th largest bank in the state of Illinois. It is also the 3,287th largest bank in the nation. It was established in 1910 and as of December of 2024, it had grown to 36 employees at 6 locations. Farmers State Bank of Western Illinois' CD rates are 3X the national average, and it has an A health rating.

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Health
A

Data as of Q4 2024

Learn why bank health matters

Health Grade Components

Overall
FDIC Certificate #11680
Year Established1910
Employees36
Primary RegulatorFED
Profit Margin
Return on Assets - YTD0.89%
Return on Equity - YTD9.14%
Annual Interest Income$6.9MM
Assets and Liabilities
AssetsQ4 2024vs Q4 2023$167.1MM$163.7MM
LoansQ4 2024vs Q4 2023$72.5MM$64.6MM
DepositsQ4 2024vs Q4 2023$146.9MM$144.7MM
Equity CapitalQ4 2024vs Q4 2023$16.3MM$15.4MM
Loan Loss AllowanceQ4 2024vs Q4 2023$1.4MM$1.1MM
Unbacked Noncurrent LoansQ4 2024vs Q4 2023$579K$414K
Real Estate OwnedQ4 2024vs Q4 2023$0$87K
TODAY'S FEATURED RATES
Member FDIC
APY APY = Annual Percentage Yield Rates as of 4/30/2025
4.54%
Our Rating
4.2  / 5
Peak Bank
Envision High Yield Savings
See Offer
Sponsored Note: Member FDIC: Insured up to $250,000. $100 Deposit Earns Interest Immediately.
Member FDIC
APY APY = Annual Percentage Yield Rates as of 4/30/2025
4.10%
Our Rating
4.2  / 5
CIT Bank
Platinum Savings
See Offer
Sponsored Note: Get up to a $300 Cash Bonus. FDIC Insured. See site for details.
Member FDIC
APY APY = Annual Percentage Yield Rates as of 4/30/2025
3.80%
Our Rating
4.3  / 5
SoFi® Bank, N.A.
SoFi Checking and Savings
See Offer
Sponsored Note: Earn up to 3.80% APY and up to $300 with direct deposit. Members can unlock our highest savings rate with direct deposit OR by depositing $5,000 or more every 30 days. Terms Apply. Member FDIC
Member FDIC
APY APY = Annual Percentage Yield Rates as of 4/30/2025
3.70%
Our Rating
4.3  / 5
American Express®
High Yield Savings Account
See Offer
Sponsored Note: Interest compounds daily, deposited monthly
Member FDIC
Bonus Amount
up to $300
Our Rating
4.3  / 5
SoFi® Bank, N.A.
SoFi Checking and Savings
See Offer
Sponsored Note: Earn up to $300 with direct deposit, plus 2-day-early-pay. FDIC insured!
Rates
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* The APY shown varies based on the deposit amount. Expand the listing to see APYs for other deposit amounts.

Farmers State Bank of Western Illinois Savings Account Rates

APYMINMAXACCOUNT NAMEVIEW DETAILS
0.30%$100-Christmas Club - w/Auto Payments
0.25%$100-Classic Savings
0.25%$100-Combo Savings
0.25%$100-Penny Savers
0.25%$100-Christmas Club

Farmers State Bank of Western Illinois Money Market Rates

APYMINMAXACCOUNT NAMEVIEW DETAILS
1.15%*$100k*-Money Market Account
OTHER TIERS: 0.50% → $0 - $25k | 0.75% → $25k - $100k

Farmers State Bank of Western Illinois Checking Account Rates

APYMINMAXACCOUNT NAMEVIEW DETAILS
0.25%$1k-Premium Checking

Farmers State Bank of Western Illinois CD Rates

APYMINMAXACCOUNT NAMEVIEW DETAILS
3.03%$500-12 Month CD
1.26%$500-60 Month CD
1.15%$500-48 Month CD
1.00%$500-36 Month CD
0.85%$500-24 Month CD
0.55%$500-6 Month CD
0.40%$500-3 Month CD

Farmers State Bank of Western Illinois IRA Rates

APYMINMAXACCOUNT NAMEVIEW DETAILS
3.03%$500-12 Month IRA
1.26%$500-60 Month IRA
1.15%$500-48 Month IRA
1.00%$500-36 Month IRA
0.85%$500-24 Month IRA
0.25%$100-IRA Savings
Locations


Farmers State Bank of Western Illinois Locations
Farmers State Bank Of Western Illinois124 W D StAlpha, IL 61413
Viola Facility1803 13th StViola, IL 61486
Aledo Branch201 South College AvenueAledo, IL 61231
Alexis Branch205 East BroadwayAlexis, IL 61412
Woodhull Branch174 North Division StreetWoodhull, IL 61490
New Windsor Branch600 Main StreetNew Windsor, IL 61465

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