More Savings Options


Certificates of Deposit (CDs)

Farmers State Bank offers CDs with flexible maturities and competitive *rates. Ask a Customer Service Representative to assist you in finding one that fits your needs. Interest earned can be added back into your CD, paid by check, or deposited into another account. Interest rates vary depending on the term of the CD. *For a complete listing of our rates, please stop in at any of our branches, or call us at 406-642-3431.

  • Interest is compounded daily (excludes CDs with terms less than 12 months)
  • CDs are automatically renewable
  • Penalties apply for early withdrawal

Individual Retirement Accounts (IRAs)

Farmers State Bank Individual Retirement Accounts or IRAs are open certificates, which means you can add any amount at any time (in accordance with IRS limits); there is no bank penalty for early withdrawal and NO ANNUAL FEE. An IRA offers both tax benefits as well as income for retirement.

Farmers State Bank offers:

Traditional IRA

  • Interest earned is tax deferred until withdrawn
  • Contributions may be tax deductible for the tax year they are made
  • See separate brochure for eligibility requirements and additional information

Roth IRA

  • Offers tax free withdrawals after holding period
  • Most contributions are non-deductible and taxed in the year they are earned
  • See separate brochure for eligibility requirements and additional information

Coverdell Education Savings Account

  • Allow for up to $2000 after-tax contributions per child
  • Contributions and earnings are tax-free when used for a qualified education expense
  • See separate brochure for more information

SEPs (Simplified Employee Pension Plan)

  • Provides a way for you to contribute to you and your employees’ retirement
  • Employer contributions to an employee’s plan are generally tax-deductible