Certificates of Deposit (CDs)

Farmers Bank of Willards recognizes that everyone wants to plan for the future, but plans vary based on circumstances. We are here to help you, whatever the need may be.

Certificates of Deposit (CDs) allow you to lock in a rate for a fixed term. In most cases, the rate is higher than a typical savings account.

Features of Certificates of Deposit:

• Chose from six different terms, ranging from six months to five years
• Minimum to open a CD is $1,000
• Competitive rates

CDARs accounts allow you to maintain one banking relationship while benefiting from FDIC Insurance on all of your funds. Talk with a Personal Banker to find out more about rates and eligibility requirements today!

Additional features/options available for all CD solutions:

Certificates of Deposit  ($1,000.00 minimum to open)
Mobile Banking with Alerts and Reminders
Online Banking with Alerts and Reminders
Telephone Banking with Voice Access
Interest Earned
Interest Payment Options: Compounded Quarterly or Interest Payment via Check or Transfer
Make Deposits or Withdrawals Penalty-Free During the Grace Period at Renewal

CD Rates Under $250,000

CD Term	APR	APY*
6 Months	3.97%	4.03%
12 Months	3.84%	3.90%
18 Months	3.71%	3.76%
24 Months	3.61%	3.66%
36 Months	3.45%	3.49%
48 Months	3.39%	3.43%
60 Months	3.33%	3.37%

Rates effective 4/24/2024 and are subject to change. Penalty may be imposed for early withdrawal. Minimum of $1,000 to open account. Minimum of $500 for 12 Month Term only for under 18 years old. Fees may reduce earnings.

*APY = Annual Percentage Yield

CD Rates Over $250,000

Term	APR	APY*
6 Months	4.22%	4.29%
12 Months	4.09%	4.15%
18 Months	3.96%	4.02%
24 Months	3.86%	3.92%
36 Months	3.70%	3.75%
48 Months	3.64%	3.69%
60 Months	3.58%	3.63%

Rates effective 4/24/2024 and are subject to change. Penalty may be imposed for early withdrawal. Minimum of $1,000 to open account. Minimum of $500 for 12 Month Term only for under 18 years old. Fees may reduce earnings.

*APY = Annual Percentage Yield