Individual Retirement Accounts: an investment opportunity for you to invest in your future.

There is a $1,000 minimum deposit required to open.

  • Deposit and interest are tax deductible
  • Various options, rates, maturities and types are available for consideration
  • Early withdrawal penalty of three months' interest will apply

Consult your tax advisor.


Individual Retirement Accounts**
Rates Effective July 1 2011
Interest Rate
APY*
Minimum to Obtain APY
Required to Open
1 Year
0.85%
0.85%
$500.00
$500.00
18 Month
1.00%
1.00%
$500.00
$500.00
2 Year
1.25%
1.25%
$500.00
$500.00
30 Month
1.25%
1.25%
$500.00
$500.00
3 Year
1.50%
1.51%
$500.00
$500.00
4 Year
1.75%
1.76%
$500.00
$500.00
5 Year
2.00%
2.02%
$500.00
$500.00
10 Year
1.50%
1.51%
$500.00
$500.00
Roth IRA - 5 Year
2.00%
2.02%
$500.00
$500.00
Education IRA - 5 Year
2.00%
2.02%
$500.00
$500.00
* APY = Annual Percentage Yield. The APY assumes funds will remain on the deposit a full year at the advertised rate.

** Funds must remain on deposit until maturity to earn the advertised yield. Substantial interest penalty is required for early withdrawl: 3 month penalty will be assessed on amount withdrawn. Penalty for early withdrawal if not 59 1/2 years of age.

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NOTICE OF CHANGES IN TEMPORARY FDIC INSURANCE COVERAGE FOR TRANSACTION ACCOUNTS

All funds in a "noninterest-bearing transaction account" are insured in full by the Federal Deposit Insurance Corporation from December 31, 2010 through December 31, 2012. This temporary unlimited coverage is in addition to and separate from the coverage of at least $250,000 available to depositors under the FDIC's general deposit insurance rules.

The term "noninterest-bearing transaction account" includes a traditional checking account or demand deposit account on which the insured depository institution pays no interest. It also includes Interest on Lawyers Trust Accounts ("IOLTAs"). It does not include other accounts, such as traditional checking or demand deposit accounts that may earn interest, NOW accounts, and money-market deposit account.

For more information about temporary FDIC insurance coverage accounts, visit www.fdic.gov.

NOTICE: *Stocks are not FDIC insured and may lose value. Farmers National Bank is not responsible for and has no control over
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