Our Savings Products
We’re proud to offer several savings options designed to fit every stage of life and every financial goal. Whether you’re saving for your future, your family, or your first big purchase, The Farmers Bank has an account that fits your needs.
Advantage High-Yield Savings Account
Earn more on your deposits with competitive, tiered interest rates.
Ideal for customers who want a high-yield savings account with flexible access to their funds.
- Tiered rates that reward higher balances
- No monthly maintenance fee with qualifying balance
- Free online and mobile banking
- FDIC insured up to applicable limits
Open an Advantage High-Yield Savings Account
Money Market Investment Account
Perfect for savers who want to grow their money faster while maintaining liquidity.
- Higher rates than traditional savings
- Check and debit access for convenience
- Minimum balance of $1,000 to open
- Tiered earnings for higher balances
Open a Money Market Investment Account
Regular Savings Account
Simple, steady, and ideal for everyday saving or emergency funds.
- Open with as little as $50
- Earn interest on every dollar
- Free access through online and mobile banking
- FDIC insured for peace of mind
Open a Regular Savings Account
Student Savings Account
Designed to meet the rising cost of college with a higher interest unique savings program.
- Low minimum balance requirement
- No monthly service fee
- This account automatically converts over to a regular savings account when child turns age 18
Get Started with a Student Savings Account
Christmas Club Savings Account
Plan ahead and make the holidays brighter with a Christmas Club Savings Account.
- Save throughout the year for holiday expenses
- Earn interest on your balance
- Automatic disbursement in November
- No monthly fees or withdrawal penalties until maturity
- Perfect for budgeting holiday spending and gifting
Start Your Christmas Club Savings Account
Why Save with The Farmers Bank?
When you bank locally, your money stays local — and works harder for you.
Here’s why more Indiana residents are choosing The Farmers Bank for their savings needs:
- High-yield savings options that help your money grow faster
- Fixed-rate CDs that let you lock in some of the best CD rates in Indiana
- Flexible terms to match your short-term or long-term goals
- FDIC insured accounts for maximum protection
- Convenient digital access through online and mobile banking
- Local expertise and friendly service from your trusted Indiana community bank
Open an Account Today
Whether you’re saving for a home, education, retirement, or peace of mind, The Farmers Bank has the tools and rates to help you succeed.
Open your savings account now. Call or stop by one of our local financial centers in
Frankfort | Fishers | Noblesville | Michigantown | Rossville | Kirklin | Mulberry | Lebanon | Sheridan | Westfield | Tipton
Frequently Asked Questions
What is the minimum balance to open a savings account?
Most Farmers Bank savings accounts can be opened with as little as $50.
Are my deposits insured?
Yes. All deposit accounts are FDIC insured up to the maximum allowable limits.
How do CDs work at The Farmers Bank?
Our bank CDs let you lock in a fixed interest rate for a set term, ranging from short-term CDs (6 months) to long-term options (up to 60 months), offering secure, guaranteed growth.
Can I manage my savings online?
Absolutely. You can view balances, transfer funds, and track savings goals through Online and Mobile Banking.