FSB Sherburn offers many Checking and Savings options to meet your financial needs.

Our Regular Checking Accounts are basic and functional. With a minimum balance of $300 you will enjoy free checking and a monthly statement including your canceled checks. Falling below this minimum balance triggers a minimum balance fee of $2.00 and $.15 per debit. Students can obtain a student account with no minimum balance requirements for a monthly service charge of $1.50. With three months of good account history you can obtain a Visa Instant Cash and Check Card. A lot of convenience is packed into this little card for $1 a month! Use it anywhere Visa is accepted for point-of-sale purchases. For Cash Withdrawals, Farmers State Bank has an ATM located at Cenex in Sherburn. Withdrawals from this machine are free for FSB customers. Our customers can also use any Wells Fargo ATM free from fees as well. We are happy to order your checks from Deluxe here at the bank ensuring you get the product you are looking for.

Farmers State Bank customers age 62 and older qualify for one Free Senior Citizen Account. This account is the same as our Regular Checking Account without the minimum balance requirements.

For those customers who want their money to work for them we offer two Interest Bearing Checking Accounts. Interest is compounded monthly and credited to the account on the last day of the month. We use the daily balance method to calculate the interest on your account. This method applies a daily periodic rate to the principal in the account each day. Current rates can be obtained by clicking here. Our NOW Account requires a minimum balance of $1000. A SuperNOW Account can be obtained with a minimum balance of $2500. With either account there is no per debit or monthly maintenance fees, although falling below the minimum balance requirement will trigger a $10.00 service fee. As with our Regular Checking Account, those with a NOW or SuperNOW Account can obtain a Visa Instant Cash and Check Card. See details outlined in the Regular Checking Account.

Two Passbook Savings Accounts cover the whole family! Adults can open a Passbook Savings Account with a minimum deposit of $75 and keep this minimum balance each day of the month to avoid a $2 minimum balance fee. For Children and Students, a Passbook Savings Account can be opened with a $10 deposit. There are no minimum balance requirements. Interest is compounded quarterly and credited to the account on the last day of the quarter.

A Money Market Savings is an excellent choice for those customers who keep $2500 or more in their savings. Opening a Money Market Account allows you to write 3 checks per month and enjoy a better interest rate than that offered with a passbook savings. Interest is compounded monthly and credited to the account on the last day of the month. A minimum balance of $2500 is required to avoid a $10.00 minimum balance fee.