Earn 5.01% APY on this free checking account on balances up to $25,000.
Farmers State Bank is paying one of the highest interest rates on a free checking account, and on a pretty good sized balance.
FSB Loyalty Checking Account is a free High-interest Checking Account that has no minimum and only requires $100 to open.
Here’s what you get with the FSB checking account:
- Earn 5.01% APY* on balances up to $25,000 (1.01% APY* on balances above $25,000)
- $100 minimum opening deposit
- No minimum balance required
- FREE Photo Check Card
- FREE i-Banking with FREE Bill Pay feature
- Reimbursed up to $10.00 in ATM Fees per month
- No maintenance fees
- Unlimited ATM Transactions (ATM Locations)
- Line of Credit available (Subject to qualification, certain fees may apply)
Here are the qualifications for this checking account:
- Two Automatic Transfers Per Month (ACH Direct Deposit or ACH Payment)
- Minimum of 12 Photo Check Card Transactions Per Month (Signature or PIN-based; Excludes ATM Withdrawals)
- Receive Monthly eStatements (With Valid E-mail Address)
- Sign in to I-Banking Once Per Month
About Farmers State Bank:
Farmers State Bank opened in 1879, and has been locally owned and operated with the same name for more than 125 years and an asset size of more than $250,000,000.
Based in Iowa, Farmers State Bank has locations in the following communities; Cedar Falls, Waterloo, Jesup, Raymond, Dunkerton, and Gilbertville.
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{ 8 comments… read them below or add one }
Just stumbled upon this site and I have to say that anytime I see 5.01% APY of course it is going to catch my attention, this may be one of the very best checking account deals I have seen a long long time. With only a $100 to open how can I not want to get on board. Fantastic news in a still shakey and scary market.
Farmers State Bank look like they know what they are doing I will have to make sure to look into this. I am also up for the best checking accounts. I appreciate all the financial advice and savings on your website. The idea that you could earn 5.01% APY on a particular balance is very intriguing. Cheers.
I agree with the other comments this really is a deal that is hard not to pass up. Having a checking account like this with the benefits it offers is one that I am going to seriously look into. It is nice that your site offers such great resources some of the Free for anyone who wants to gain a financial edge. Thank You.
A really once in a lifetime checking account. I have to say that this a deal that I caught my attention. Thanks for giving the general public such a great deal.
Much like the other comments I agree, that this a great opportunity for anyone serious about taking a good deal on a Free Checking Account without any strings. The APY % is amazing as well as the opening deposit is something just about any budget can afford. Thanks RateNerd for such an informative post.
Sweet deal! Kudos to Farmer’s State Bank for this great deal. They are on the right track here, I will surely look into this. The offer is to hard to pass on. Thanks Ratenerd for the head-sup.
Farmers Sate Bank really knows how to help. This is a great deal that is nearly impossible to pass up. I hope that they continue to help out us working folks in making money management a tad bit easier.
Your post fails to mention that this is NOT a nationally available offer. You must live in FSB’s trade area to take advantage of this offer.