Savings Accounts

Looking for a savings plan to meet your specific needs & goals? We have several great options to help!

All McFarland State Bank Savings Plans feature:

  • Unlimited in-person & ATM withdrawal privileges. 1 
  • Unlimited deposits with no applicable transaction fees.
  • Online Banking.

Open an Account

NOTE: If you are an existing customer, please login to Online Banking and click on the "+ Open a new account" at the bottom of your Home page.

Signature Savings

Save today with this unique product!

  • High yield interest on balances up to $250,000.00. 2
  • An active Signature Checking account requirement to receive a Signature Savings Account. 
  • Maintain an average daily balance of $10,000.00 or more to avoid a monthly service charge of $10.00.
  • Balances exceeding $250,000.00 will be paid a lesser interest rate. Contact Us for current interest rates.

Key Savings

Unlock your savings potential with this special product.

Earn a higher interest rate than most regular savings accounts, but with a low minimum balance requirement.

  • Higher yield interest on balances up to $250,000.00. 2
  • Interest on your balance is compounded and credited quarterly.
  • Balances exceeding $250,000.00 will be paid a lesser interest rate. Contact Us for current interest rates.
  • 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:

  • Meet our minimum opening deposit requirement of $5,000.00.
  • Average Daily Balance: $200

Service Charge:

  • $3 per month if requirements are not met.

Open an Account

NOTE: If you are an existing customer, please login to Online Banking and click on the "+ Open a new account" at the bottom of your Home page.


Statement Savings

A classic approach to saving.

This account offers ease of entry with a low minimum balance requirement.

  • Interest on your balance is compounded and credited quarterly.
  • 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:

  • Meet our minimum opening deposit requirement of $100.
  • Average Daily Balance: $200

Service Charge:

  • $3 per month if requirements are not met.

Open an Account

NOTE: If you are an existing customer, please login to Online Banking and click on the "+ Open a new account" at the bottom of your Home page.


Children's Savings

Encourage savings early to form a life-long habit for financial fitness. Account comes with a 'cute-as-can-be' Piggy Bank, Certificate, and Care Card - plus earn prizes with each deposit!

With no minimum balance requirement, grow your account at your own pace. All account service charges are waived until the child reaches 18 years of age. At age 18, the account may be converted to our Statement Savings Account to help continue the savings habit that was started as a child.

  • Interest on your balance is compounded and credited quarterly.
  • 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:

  • Meet our minimum opening deposit requirement of $10
  • Present child's Social Security Card for verification
Service Charge:

  • Waived until age 18

Christmas Club Savings

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.

  • Interest on your balance is paid annually in mid-October. A check is sent to you for the full balance in your account.
  • 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:

  • Meet our minimum opening deposit requirement of $25
Service Charge:

  • None

Open an Account

NOTE: If you are an existing customer, please login to Online Banking and click on the "+ Open a new account" at the bottom of your Home page.


Health Savings Account (HSA)

Looking for a financial account to save money for future 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 is compounded and credited quarterly.
  • 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:

  • Meet our minimum opening deposit requirement of $25
Service Charge:

  • None

Visit our Online Education Center for a tour of the HSA features and benefits.

Tour HSA now!

1. 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. 

2. 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.