The Farmers Bank CD Rates, Savings & Money Market Rates, Mortgage, Reviews

Today's 12-month CD rates can be found at 0.25%, 6-month CD rates at 5.55% and 3-month CD rates at 4.75%. Current savings rates are at 0.05% and money market rates are at 0.60%. Mortgage rates today on 30-year fixed loans are around 8.50%. All these rates, are more, can be found in our database of rates. The Farmers Bank's 15-Month CD Online Special rates are at 5.15%.

To see how these rates compare to The Farmers Bank rates, feel free to use our comprehensive rate tables for side-by-side comparisons of CD rates from The Farmers Bank, savings rates and money market rates, with rates from other banks and credit unions below. You can use our bank rate lists to compare CD rates for all CD terms, with The Farmers Bank CD rates. You can also compare savings rates, MMA rates and mortgage rates using our other rate lists.

Given that The Farmers Bank's CD rates, and other rates, are continually updated to reflect market conditions, we recommend checking back frequently to get the best CD rates or other rates available. Have you opened an account or have any experiences at The Farmers Bank? Share your experience about The Farmers Bank by leaving a review below, or read customer reviews before you decide to use The Farmers Bank.

The Farmers Bank Texas Ratio

The Farmers Bank's Texas Ratio is at 2.09%, which is considered excellent. The Texas Ratio for The Farmers Bank is lower than the national average of all banks, currently at 6.24%. The Texas Ratio was developed in the early 1980s, and it is used to identify potential problem banks. Banks that have a Texas Ratio of 100% or more have a high chance of failing.

Overall, The Farmers Bank is an excellent bank worth considering, with an overall rating of 5 stars out of 5 stars.

Rate

APY

vs Avg

12-Month CD

N/A

2.90%

18-Month CD

N/A

2.57%

24-Month CD

N/A

2.46%

36-Month CD

N/A

2.30%

48-Month CD

N/A

2.17%

60-Month CD

N/A

2.27%

Savings

N/A

0.97%

MMA

N/A

1.66%

30-Year Fixed

N/A

7.30%

The Farmers Bank

9 E Clinton St
Frankfort, IN 46041

https://www.thefarmersbank.com

MonitorBankRates' Rating

5/5

★★★★★

Review The Farmers Bank

The Farmers Bank CD Rates and Interest Rates

The Farmers Bank

15-Month CD Online Special

5.15%

$2,500

The Annual Percentage Yields (APYs) displayed are based on the highest APY offered for the specified deposit amount or less. Rates may change without prior notice. The "Min. Balance" indicates the minimum amount required to earn the stated APY. Please note that some of the offers presented on this site are from advertisers, who provide compensation for their inclusion. However, these advertised offers do not encompass all available deposit accounts.

Compare The Farmers Bank Rates with Other Competitive Bank and Credit Union Rates

Security FSB

12-Month CD

0.71%

$1,000

Central Bank of Kansas City

Money Market

2.27%

$25,000

North Valley Bank Zanesville, OH

48-Month CD

0.60%

$1,000

Connecticut Community Bank

Money Market Tier 4

4.00%

$250,000

First Central Savings Bank Glen Cove, NY

36-Month CD (In branch)

2.84%

$500

Compare The Farmers Bank Mortgage Rates with Lenders Rates for Fixed and Adjustable Mortgages

Old National Bank

30-Year Fixed FHA

7.250%

9.002%

0.000

First Nations Bank

30-Year Fixed

8.375%

8.498%

0.000

Lake Shore Savings Bank

30-Year Fixed

8.250%

8.411%

0.000

Old National Bank

5/6M SOFR ARM

8.250%

8.361%

0.000

Lake Shore Savings Bank

20-Year Fixed

8.150%

8.354%

0.000

The mortgage rates presented are solely intended for informational use. Please consult the mentioned lenders for up-to-date mortgage rates. The actual mortgage rates and other loan conditions depend on the lender's approval and are not guaranteed.

The Farmers Bank Information

The Farmers Bank

9 E Clinton St
Frankfort, IN 46041
Clinton
Established Date: 01/01/1876
FDIC Certificate #: 12828
Date of FDIC Deposit Insurance: 01/01/1934

Bank Holding Company: FARMERS BCORP FRANKFORT IN THE
How Many Domestic U.S. Offices? 10
How Many Branches are There? 10

Website: https://www.thefarmersbank.com

Is The Farmers Bank FDIC Insured? Yes

What is The Farmers Bank's Cert number? 12828

What is the maximum amount for insured deposits? $250,000 per holder, per account

The Farmers Bank Financials

Total Assets:	$845,165,000
Total Deposits:	$671,756,000
Equity Capital:	$75,057,000
Domestic Deposits:	$671,756,000
Net Income:	$2,950,000
Return on Assets:	1.3403%
Quarterly Return on Assets:	1.4000%
Pretax Return on Assets:	1.6754%
Pretax Quarterly Return on Assets:	1.6800%
Return on Equity:	15.0100%
Quarterly Return on Equity:	16.2800%
Common Equity Tier 1 Capital Ratio:	12.1932%
Tier 1 Risk-Based Capital Ratio:	12.1932%
Leverage Tier 1 (Core Capital) Ratio:	11.7227%
Total Risk-Based Capital Ratio (YTD):	13.2263%
Total Interest Income (YTD):	3.8755%

Headquarters:	Frankfort
FDIC Field Office:	Indianapolis
Regulator:	FDIC
County:	Clinton
# of Offices:	10
Metropolitan Statistical Area (MSA):
Consolidated Metropolitan Statistical Area (CMSA):
OTS Region:	Central
FDIC Region:	Chicago

Source: FDIC

FDIC List of Troubled Banks and the Texas Ratio

The Federal Deposit Insurance Corporation (FDIC) maintains a list of problem banks that isn't published or shared with anyone else. So how can the average depositor or lender know if their bank is a problem bank about to fail?

The Texas Ratio is one measure that might offer a clue. The ratio was developed by RBC Capital Markets analyst Gerard Cassidy in the 1980's to forecast which banks could fail during the 1980's real estate bubble...Deja vu, anyone?

The ratio is devised by comparing a bank's troubled loans to its capital. If the amount of bad loans equals or exceeds its capital, a ratio of 100% or higher, the bank might not have enough capital to cover its losses related to the bad loans on its books. Updated Failed Bank List Below:

Explore Other Rate Deals

Current Mortgage Rates

Mortgage rates declined again last week, the second week in a row of declines. Mortgage interest rates were down a lot more this week than last week. Brought on by the decline in U.S. Treasury prices. 10 year Treasury notes are at 3.50 percent, down from the recent highs of around 4.00 percent.

Mortgage Rates Higher on Higher Treasury Yields: 30 Year Mortgage Rates at 4.55%

Mortgage Rates

30 Year Mortgage Rates Today at 3.88 Percent as Housing Starts Decline in February

Mortgage rates are lower today, following 10 year Treasury yields lower. Average 30 year mortgage rates today declined to 3.88 percent, down from the prior week's average rate of 3.92 percent. Mortgage rates might move sharply higher or lower this week after the Federal Open Market Committee (FOMC) wraps up their two day meeting tomorrow.