If you are looking for a savings option that pays you back at a higher rate, a certificate of deposit (CD) is a great option here at Farmers Bank. CD's are time deposits that pay a fixed interest rate. Generally the rate of interest is higher than other types of savings accounts. Terms can range from 6 months to 5 years. A CD may be opened for as little as $1,000.00.

Substantial penalties exist for early withdrawals.

Some of the benefits:

• Great terms from 6 months to 5 years
  
• Outstanding interest rates paid*
  
• Automatically renewable
  
• May be used as collateral 
  
• Interest may be added to your CD or deposited into another checking or savings account.
  

*Interest rates vary from product to product, please contact us at 800-515-FBNM (3266) or stop by any Farmers Bank location for our current rates.