Checking
We offer a variety of checking accounts. Our New Account Representatives can answer any questions you may have.
Opening a new checking account with Farmers State Bank of Hoffman? Click here to learn how to switch your account seamlessly.
- Open with a minimum deposit of $100.00
- Unlimited check writing
- Maintain an average daily balance of $300.00 to avoid monthly minimum balance fee
- Interest Bearing Account
- Open with a minimum deposit of $100.00
- Unlimited check writing
- Free personalized wallet style club checks (Limited to 100 per year)
- Complimentary Notary Service
- Reconciliation Assistance
- No minimum daily balance required to obtain the disclosed annual percentage yield (APY)
| Account | Minimum to Open Account | Minimum to Earn Annual Percentage Yield (APY) | Interest Payment Frequency |
|---|---|---|---|
| Seniority Checking | $100.00 | $0.00 | Monthly |
* Please contact the Bank for current interest rates.
- Interest Bearing Account
- Open with minimum deposit of $500.00
- Maintain an average daily balance of $500.00 to avoid monthly minimum balance fee
- Maintain a minimum daily balance of $500.00 to obtain the disclosed annual percentage yield (APY)
- Unlimited check writing
| Now Account | Minimum to Open Account | Minimum to Earn Annual Percentage Yield (APY) | Interest Payment Frequency |
|---|---|---|---|
| Tier One NOW Balances of $500.00 and above | $500.00 | $500.00 | Monthly |
* Please contact the Bank for current interest rates.
- Interest Bearing Account
- Open with minimum deposit of $2500.00
- Maintain an average daily balance of $500.00 to avoid monthly minimum balance fee
- Maintain a minimum daily balance of $1000.00 to obtain the disclosed annual percentage yield (APY)
- Unlimited check writing
| Super Now Account | Minimum to Open Account | Minimum to Earn Annual Percentage Yield (APY) | Interest Payment Frequency |
|---|---|---|---|
| Tier ONE: Balance of $1000.00 to $2500.00 | $2500.00 | $1000.00 | Monthly |
| Tier TWO: Balance of $2500.00 and above | $2500.00 | $1000.00 | Monthly |
* Please contact the Bank for current interest rates.
- Interest Bearing Account
- Open with minimum deposit of $2500.00
- Maintain an average daily balance of $500.00 to avoid monthly minimum balance fee
- Maintain a minimum daily balance of $1000.00 to obtain the disclosed annual percentage yield (APY)
- Limits on the number of transactions allowed per month
| Money Market Account | Minimum to Open Account | Minimum to Earn Annual Percentage Yield (APY) | Interest Payment Frequency |
|---|---|---|---|
| Tier ONE: Balances $1000.00 to $2499.99 | $2500.00 | $1000.00 | Monthly |
| Tier TWO: Balances $2500.00 to $24999.99 | $2500.00 | $1000.00 | Monthly |
| Tier THREE: Balances $25,000.00 to $49,999.99 | $2500.00 | $1000.00 | Monthly |
| Tier FOUR: Balances $50,000.00 to 99,999.99 | $2500.00 | $1000.00 | Monthly |
| Tier FIVE: Balances $100,000.00 and above | $2500.00 | $1000.00 | Monthly |
* Please contact the Bank for current interest rates.
