CDs are a great way to save your money with options of short or long term secure investments. United Farmers State Bank offers CDs in a variety of terms from 6 months to 36 months at competitive rates.

A $500 minimum deposit is required to open a CD. Interest compounds and may be added to the balance of the CD or paid to the customer by check or a transfer to another deposit account held at our bank. The frequency of interest compounding, the frequency at which it is paid, and the penalties paid for early withdrawal will vary based on the term of the CD.

Please call, email or stop in to one of our three branch locations for more information on available terms and rates.


Customers have peace of mind when investing retirement funds in one of the bank’s secure IRA products. United Farmers State Bank offers Traditional and Roth IRAs among other IRA options. There is a $100 deposit required to open an IRA. Interest is compounded and credited to the account quarterly. The interest rate will or can change daily.

Traditional IRAs

IRAs are one of the most viable tools to ensure a secure retirement. Traditional IRAs offer independence – they can be opened and funded without any employer participation, immediate tax benefits – with contributions and earnings tax-deferred until retirement, accessibility – with assets always available, and flexibility – IRA owners choose their contribution amount (within limits).

Roth IRAs

Roth IRAs can provide you with tax-free income during your retirement. Money deposited into the Roth IRA is taxed; your money is later withdrawn, which may potentially include significant amounts of earnings and is tax-free if you follow certain requirements. There is no age limit on making contributions. You must have earned income equal to the amount you contribute and your modified adjusted gross income must be below a certain amount.  There are no required minimum distribution for Roth IRAs. Your dollars continue to grow until you need them.