Personal Savings

McFarland State Bank has several savings plans available to help meet your needs & goals.  The following items apply to ALL McFarland State Bank savings plans:

  • Unlimited in-person and ATM withdrawal privileges. Certain types of withdrawals are limited to six (6) per month (why does this limit apply?) and may be subject to a transaction fee.  Please contact us to verify the transaction fee at the present time.  Deposits are unlimited in number with no applicable transaction fees.
  • Free Online Banking with Messenger Account Alerts
    Enjoy the convenience of Online Banking with access from anywhere you have an Internet connection! You can also set up customized, automated account alerts that can be delivered to you via email or text messaging (your wireless provider may charge a fee to receive text messages).
  • Free Telebank
    You can access your accounts 24 hours a day, 7 days a week by calling 1-888-233-2265. It’s easy and convenient.
  • Free ATM/Debit Cards
    We offer FREE MasterCard™ debit and ATM cards.  These cards offer you convenient access to your account at many nationwide ATMs and anywhere the MasterCard™ logo is found.  Please note, you must have a McFarland State Bank checking account in order to be eligible for a Debit Card.
  • Direct Deposit and Automatic Transfers are available to make saving seamless & convenient!
  • e-Statements are available at no additional charge and are a great way to go green & assist in fraud prevention.

Click the following links to learn more about each of our programs:


Capital Star Savings
Statement Savings
Children’s Savings
Christmas Club Savings
Health Savings Accounts (HSA)


Capital Star Savings

  • We want to help you save today with this unique product!
    This high interest rate savings account is opened in conjunction with our Capital Star Checking account and offers the benefit of an attractive interest rate without a high minimum balance requirement. Interest on your balance accrues daily and pays quarterly.
  • This account is a variable rate product.  At our discretion, we may change the interest rate on your account. We may change the interest rate on your account as often as daily.  This account is a tiered rate product.
  • Maximum account balance: $25,000 (Balances exceeding $25,000 will be paid a lesser interest rate.  Contact us for current interest rates.)

REQUIREMENTS:

  • Minimum deposit required to open the account: $100
  • Average Daily Balance: $200/Month
  • An active Capital Star Checking account must be opened and maintained per the Capital Star Checking Account Terms & Conditions.

FEES
A monthly service charge of $3 will be incurred for each month the above requirements are not met.

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Statement Savings

  • A classic approach to saving
    This account offers ease of entry with a low minimum balance requirement.  Interest on your balance accrues daily and pays quarterly.
  • This account is a variable rate product.  At our discretion, we may change the interest rate on your account. We may change the interest rate on your account as often as daily.

REQUIREMENTS:

  • Minimum deposit required to open the account: $100
  • Average Daily Balance: $200/Month

FEES
A monthly service charge of $3 will be incurred for each month the above requirements are not met.

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Children’s Savings

  • Encourage an early start to savings!
    With no minimum balance requirement, you can build the balance in this account at your own pace. Additionally all account fees are waived until the child reaches 18 years of age.  At age 18, the account is converted to our Statement Savings Account to help continue the savings habit that was started as a child.  Interest on your balance accrues daily and pays quarterly.
  • This account is a variable rate product.  At our discretion, we may change the interest rate on your account. We may change the interest rate on your account as often as daily.

REQUIREMENTS:

  • Minimum deposit required to open the account: $10

FEES
None until age 18

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Christmas Club Savings

  • We’re here to help plan for your holiday shopping expenses!
    This account allows you to put a little money away throughout the year to avoid overwhelming expenses when it comes time for your holiday shopping AND you’ll receive a bonus from McFarland State Bank in the form of interest.  With no minimum balance requirement and no fees, saving for the holidays has never been easier.  Interest on your balance accrues daily and pays annually in mid-October, at which time a check is sent to you for the full balance in your account.
  • This account is a variable rate product.  At our discretion, we may change the interest rate on your account. We may change the interest rate on your account as often as daily. 
  • Looking for a high-yield Christmas Club account?  Contact us to learn about our other options.

REQUIREMENTS:

  • Minimum deposit required to open the account: $25

FEES
None

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New Account Inquiry

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Health Savings Account (HSA)

  • Worried about planning for unexpected medical expenses? We can help!
    If you qualify for a HSA (click here to learn more), simply stop in and we’ll help you establish your account.  With no minimum balance and no fees, this account is easy to maintain & access.  Plus, it earns interest! Interest on your balance accrues daily and pays quarterly.
  • This account is a variable rate product.  At our discretion, we may change the interest rate on your account. We may change the interest rate on your account as often as daily. 

REQUIREMENTS:

  • Minimum deposit required to open the account: $25

FEES
None

EZ Account Switch Kit

New Account Inquiry

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