FSB Loyalty Checking

A FREE High-interest Checking Account

We proudly offer a variety of FSB checking accounts to meet the needs of every customer who banks with us. Immediate access to your money is important, but when you don’t need it, why not put it to work earning money for you? The FSB loyalty checking account is a free account that earns a high interest rate so long as you’re able to maintain a positive balance. There are no minimum balance fees and this checking account comes with a free check card to make accessing your money even easier! Pair this with our new personalized bank cards and you’ll have easy access, great support and a custom look through your checking account. If you’re looking for Waterloo-based checking account (or other eastern Iowa locations), Farmers State Bank has what you need with the FSB Loyalty Checking account.

  • Earn 2.02% APY* on balances up to $20,000(0.15% APY* on balances above $20,000)8 
  • $100 minimum opening deposit
  • No minimum balance required
  • FREE Custom Check Card
  • FREE I-Banking with FREE Bill Pay feature
  • Reimbursed up to $10.00 in ATM Fees per month8
  • No maintenance fees
  • Unlimited ATM Transactions (ATM Locations)
  • Line of Credit available (Subject to qualification, certain fees may apply)


  1. Two Automatic Transfers Per Month (ACH Direct Deposit or ACH Payment)
  2. Minimum of 12 Custom Check Card Transactions Per Month (Signature or PIN-based; Excludes ATM
    Withdrawals) with a minimum amount of $10.00 per transaction
  3. Receive Monthly eStatements (With Valid E-mail Address)
  4. Sign in to I-Banking Once Per Month

Click here to view our full Product Catalog


FSB Loyalty Checking Account 8
Balance APY* Interest Rate
$0.01-$20,000* $0 2.02% 2.00%
Above $20,000* $0 0.15% 0.15%

Rates Effective As Of 10/23/2014

Provided that all monthly qualifications are met; Sign into I-banking, receive estatements, minimum of 12 custom check card transactions (excludes ATM withdrawals) with a minimum of $10.00 per transaction and two automatic ACH transactions. If they are not, an APY of .01% and an interest rate of .01% will be earned on all balances. Charges up to $10.00 per month imposed at US non-proprietary ATM's will be refunded to your account by the 15th of the following month if the above conditions are met.  This account is only available to customers in our trade area. If the daily balance is $0.01- $20,000.00 the interest rate paid on that portion of the balance will be 2.00% & APY of 2.02%. If the daily balance is greater than $20,000.00 the interest rate paid on that portion of the balance will be 0.15% with an APY range of 2.02%-0.15%

* APY = Annual Percentage Yield. Rates & APY are variable and may change daily.  Fees may reduce earnings.  Available on personal accounts only and one account per household.

Apply for an account

For more details please visit a Farmers State Bank location, call FSB at 1-877-FSB-1879, or email FSB at

For more details on this Account please refer to the Truth in Savings Disclosure link at the bottom of the page.