Passbook Savings Account
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.
Certificate of Deposit
A bit uncertain about where the market is headed? You’re not the only one.
More and more investors are now looking at investments that are resistant to market fluctuations, and a Certificate of Deposit (CD) is a great place to start. When you purchase a CD, we’re guaranteeing you a return on your money that will not change, even with changes in the market. Another benefit? Our CDs are FDIC insured, as well.
In times of market uncertainty, one thing is certain: there’s no better investment than a CD. To learn more about opportunities, terms, and current yield rates, visit with an investment professional at your local branch or call 618-495-2225. Get a better night’s sleep. With a CD from Farmers State Bank of Hoffman.
IRA’s
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.
Christmas Club
Your Christmas Club savings can come in handy. If you have an account, that is. A Christmas Club Savings Account is more than just a way to save for Christmas. Those savings can come in handy, anytime, and for many things, such as an emergency home repair. You never know what life will throw at you when it comes to expenses – some expected, some not – but why not be prepared? Get started with a Christmas Club Savings account today. Please call 618-495-2225 or stop by a local branch for available terms.
