Saving has many benefits, including creating an emergency fund, working towards future goals, reducing reliance on loans or credit cards, earning compound interest, planning for retirement, having peace of mind, creating an opportunity fund, and providing flexibility and options in life.

Maybe your money will feel safer closer to home. Bring your savings closer to home, with a Farmers State Bank of Hoffman savings account. With uncertain times ahead, protect yourself, and your savings.

Maintain an average daily balance of $50.00 for the quarter to avoid a quarterly minimum balance fee. Limits on the number of transactions allowed per month.

Tax-deferred retirement accounts for individuals and their spouses featuring interest and safety of principal are available. These include Traditional, Roth and Education IRAs. A variety of short- and long-term maturities are available.

Are you truly prepared for retirement? Unfortunately, according to a study done by the National Institute on Retirement Security, 45% of working Americans are not. Here at Your Bank & Trust, we offer various types of IRAs — including Traditional, Roth and Education IRAs — with a variety of features and benefits.

Now is a good time to speak with an investment professional at Farmers State Bank of Hoffman to fully understand the differences, and the advantages, of each. Stop by your local branch or call us at 618-495-2225 to learn more.