CD & IRA Specials

7 Day 1.75% APY*

5 Month 3.65% APY*

*Annual Percentage Yield. Penalties may apply for early withdrawal before the selected term. $500 minimum opening balance. Rates effective June 10, 2026.

Have questions or ready to get started? Visit your local branch to open your account today! We’re here to help you compare options and choose what fits best.

Certificate of Deposit (CD)

CDs are a steady way to grow savings with guaranteed rates for a set term. At Farmers Bank & Trust, you can choose from a variety of terms and competitive rates designed to fit your goals—whether you want quick access after a few months or prefer a longer plan. Call or visit your local branch for current rates and personal guidance.

  • A range of terms available to meet your savings and income needs
  • CD interest is compounded monthly and credited to the account monthly
  • IRA interest is compounded daily and credited to the account quarterly
  • Subject to early withdrawal penalties
  • Interest can be added back to the CD or deposited to a Farmers Bank & Trust checking or savings account
  • $500 minimum to open
  • Call or visit your local branch for all rates and terms

Considering what to do when a CD matures? We can walk you through renewing, changing terms, or moving funds into another account. If you’re comparing rates or looking for predictable income from interest, our team can outline your options clearly so you can decide with confidence.

Individual Retirement Account (IRA)

We offer four IRA options with terms from 12 to 60 months and a $500 minimum to open. If you’re moving funds from a former employer plan or deciding between a rollover and a new contribution, we’re glad to help you understand the steps and timelines. Call or visit your local branch to open or to discuss which IRA fits your situation.

  • Traditional IRA – Allows you to defer taxes on earnings until withdrawal. Some contributions may be tax-deductible for the tax year in which they’re made. This can be a good fit if you want potential tax benefits now while planning for withdrawals later.
  • Roth IRA – A nondeductible account with tax-free qualified withdrawals after a five-year holding period. Because contributions are taxed in the year they’re earned, those who anticipate higher taxes later may prefer this option. To contribute, you (or your spouse) must have earned income, and your modified adjusted gross income must fall within IRS limits.
  • Education IRA – A nondeductible account that offers tax-free withdrawals for a child’s higher education expenses. Distributions are penalty-free and federal income tax-free when used for qualified costs. There’s no requirement for the contributor to have earned income or be under age 70½, and contributions may be made until the day before the child’s 18th birthday.
  • SEP IRA – A retirement plan for self-employed individuals and small-business owners. When you establish a SEP IRA plan, you and eligible employees open separate SEP IRAs; employer contributions are then made into each eligible employee’s account.

    FB&T Wealth Management creates financial strategies tailored to your goals. To learn more, visit HERE.

Thinking About an IRA Rollover?

If you’ve recently left a job, retired, or experienced a life change and have a 401(k) or other employer plan, an IRA can help you keep your savings in one place with options for growth and future income. We can explain the difference between a Rollover IRA and a Traditional or Roth IRA, help you avoid common tax pitfalls, and coordinate a direct rollover so you don’t have to handle the funds yourself.

Why Bank With Us

Your savings and retirement decisions deserve careful attention and clear answers. Our bankers take time to learn what matters to you—steady growth, dependable income, or access when you need it—and then match you with terms and accounts that make sense. Whether you’re renewing a CD, opening your first IRA, or transferring an old plan, we’ll make the process simple and straightforward.

Visit your local Farmers Bank & Trust branch or call us at 855-855-3268 today. We’re ready to help you make the most of your CD and IRA options.