Personal / Savings / Student Savings Account

STUDENT SAVINGS ACCOUNT

A Smart Way for Students to Start Saving Early

Build Strong Financial Habits

The Student Savings Account from The Farmers Bank helps young savers learn the value of saving and earn interest while doing it. This higher-interest savings option is designed to help students prepare for future expenses, including college costs.

Parents and students alike appreciate the simplicity, security, and flexibility this account offers—all backed by trusted local service.

Account Benefits

Earns monthly interest to encourage consistent saving
No monthly service charge
Teaches financial responsibility and the importance of saving early
FDIC insured up to applicable limits
Friendly, local support for students and families

Learn more about savings options from The Farmers Bank

Account Details

Minimum opening balance: $50
Withdrawal limitations:
- A $50 debit transaction fee applies to any withdrawal made before age 18
Service charge: None
Conversion: Account automatically converts to a Regular Savings Account when the student turns 18
Interest: Compounded monthly

Why Choose The Farmers Bank

We make saving simple and educational for younger customers. As a trusted Indiana community bank, we provide a safe place to grow your money and build lasting financial confidence.

Higher interest rates for young savers
No service charges
Local, personalized banking experience
Automatic transition to a regular savings account at age 18

Open a Student Savings Account

To open a Student Savings Account, call or stop by one of our local branches. Our team will be glad to help your student start saving for the future.