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The Farmers Bank (IA)


TODAY'S FEATURED RATES
Member FDIC
APY APY = Annual Percentage Yield Rates as of 7/14/2025
4.00%
Our Rating
4.2  / 5
CIT Bank
Platinum Savings
See Offer
Sponsored Note: Earn more with a min. balance of $5K. Savings starts at $100. FDIC Insured.
Member FDIC
APY APY = Annual Percentage Yield Rates as of 7/14/2025
3.80%
Our Rating
4.2  / 5
SoFi® Bank, N.A.
SoFi Checking and Savings
See Offer
Sponsored Note: +0.20% boost to 4.00% for up to 6 months on new accounts with eligible direct deposit. Terms apply.
Member FDIC
APY APY = Annual Percentage Yield Rates as of 7/14/2025
3.60%
Our Rating
4.3  / 5
American Express
American Express® High Yield Savings Account
See Offer
Sponsored Note: Interest compounds daily, deposited monthly
Member FDIC
APY APY = Annual Percentage Yield Rates as of 7/14/2025
3.50%
Our Rating
4.4  / 5
Capital One
360 Performance Savings
See Offer
Sponsored Note: It only takes about 5 minutes to open a fee-free account. Member FDIC.
Member FDIC
APY APY = Annual Percentage Yield Rates as of 7/14/2025
4.31%
Our Rating
4.0  / 5
Vio Bank
Cornerstone Money Market
See Offer
Sponsored Note: Interest is compounded daily, growing your money fast
Member FDIC
APY APY = Annual Percentage Yield Rates as of 7/14/2025
4.44%
Our Rating
4.3  / 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
Bonus Amount
up to $300
Our Rating
4.2  / 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
www.farmerstrust.bank
712-262-3340
125 West 4th Street
Spencer, IA 51301-7980

The Farmers Bank (IA) is headquartered in SPENCER and is the 43rd largest bank in the state of Iowa. It is also the 1,530th largest bank in the nation. It was established in 1916 and as of March of 2025, it had grown to 46 employees at 1 location. The Farmers Bank (IA)'s money market rates are 3X the national average, and it has a B+ health rating.

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Health
B+

Data as of Q1 2025

Learn why bank health matters

Health Grade Components

Overall
FDIC Certificate #12858
Year Established1916
Employees46
Primary RegulatorFDIC
Profit Margin
Return on Assets - YTD0.78%
Return on Equity - YTD9.84%
Annual Interest Income$8.1MM
Assets and Liabilities
AssetsQ1 2025vs Q1 2024$618.9MM$609.1MM
LoansQ1 2025vs Q1 2024$507.5MM$508.6MM
DepositsQ1 2025vs Q1 2024$541.3MM$533.2MM
Equity CapitalQ1 2025vs Q1 2024$49.9MM$47MM
Loan Loss AllowanceQ1 2025vs Q1 2024$6.1MM$6.7MM
Unbacked Noncurrent LoansQ1 2025vs Q1 2024$2MM$3.1MM
Real Estate OwnedQ1 2025vs Q1 2024$650K$0
TODAY'S FEATURED RATES
Member FDIC
APY APY = Annual Percentage Yield Rates as of 7/14/2025
4.00%
Our Rating
4.2  / 5
CIT Bank
Platinum Savings
See Offer
Sponsored Note: Earn more with a min. balance of $5K. Savings starts at $100. FDIC Insured.
Member FDIC
APY APY = Annual Percentage Yield Rates as of 7/14/2025
3.80%
Our Rating
4.2  / 5
SoFi® Bank, N.A.
SoFi Checking and Savings
See Offer
Sponsored Note: +0.20% boost to 4.00% for up to 6 months on new accounts with eligible direct deposit. Terms apply.
Member FDIC
APY APY = Annual Percentage Yield Rates as of 7/14/2025
3.60%
Our Rating
4.3  / 5
American Express
American Express® High Yield Savings Account
See Offer
Sponsored Note: Interest compounds daily, deposited monthly
Member FDIC
APY APY = Annual Percentage Yield Rates as of 7/14/2025
3.50%
Our Rating
4.4  / 5
Capital One
360 Performance Savings
See Offer
Sponsored Note: It only takes about 5 minutes to open a fee-free account. Member FDIC.
Member FDIC
APY APY = Annual Percentage Yield Rates as of 7/14/2025
4.31%
Our Rating
4.0  / 5
Vio Bank
Cornerstone Money Market
See Offer
Sponsored Note: Interest is compounded daily, growing your money fast
Member FDIC
APY APY = Annual Percentage Yield Rates as of 7/14/2025
4.44%
Our Rating
4.3  / 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
Bonus Amount
up to $300
Our Rating
4.2  / 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.

The Farmers Bank (IA) Savings Account Rates

APYMINMAXACCOUNT NAMEVIEW DETAILS
1.00%*$0$25kKasasa Saver
OTHER TIERS: 0.25% → $25k+
0.35%$0-Traditional Savings Account
0.35%*$15k*-Health Savings Account
OTHER TIERS: 0.15% → $0 - $1k | 0.25% → $1k - $15k
0.35%$0-Tiger Cub Club Savings
0.35%$0-Business Traditional Savings Account
0.35%*$15k*-Business Health Savings Account
OTHER TIERS: 0.15% → $0 - $1k | 0.25% → $1k - $15k

The Farmers Bank (IA) Money Market Rates

APYMINMAXACCOUNT NAMEVIEW DETAILS
1.46%*$250k*-Money Market Investor Account
OTHER TIERS: 0.40% → $0 - $10k | 0.80% → $10k - $50k | 1.05% → $50k - $100k | 1.31% → $100k - $250k
1.46%*$250k*-Business Money Market Investor Account
OTHER TIERS: 0.40% → $0 - $10k | 0.80% → $10k - $50k | 1.05% → $50k - $100k | 1.31% → $100k - $250k

The Farmers Bank (IA) Checking Account Rates

APYMINMAXACCOUNT NAMEVIEW DETAILS
3.08%*$0$25kFree Kasasa Cash
OTHER TIERS: 0.25% → $25k+
1.31%*$100k*-Business Interest Checking Account
OTHER TIERS: 0.30% → $0 - $5k | 0.55% → $5k - $25k | 0.70% → $25k - $50k | 0.95% → $50k - $100k
1.31%*$100k*-Investor Checking
OTHER TIERS: 0.30% → $0 - $5k | 0.55% → $5k - $25k | 0.70% → $25k - $50k | 0.95% → $50k - $100k

The Farmers Bank (IA) CD Rates

APYMINMAXACCOUNT NAMEVIEW DETAILS
4.00%$5k-9 Month CD
4.00%$5k-7 Month CD
4.00%$5k-8 Month CD
3.75%$5k-18 Month CD
Locations


The Farmers Bank (IA) Locations
Farmers Trust and Savings Bank125 W 4th StSpencer, IA 51301

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