What are the current interest rates at Farmers State Bank Algona, IA?

Current rates for Farmers State Bank Algona, IA include: Savings: 0.19%

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Farmers State Bank Algona, IA

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Farmers State Bank Algona, IA Rates & Review June 2026

Q: Are credit management and repair services offered?

While formal credit repair services are not currently listed, Farmers State Bank Algona, IA provides members with tools to manage their accounts and build a solid financial history.

Content reviewed by

Brian McKay

| Editorial Disclosure | ✓Fact Checked | Rates Last Updated: June 3, 2026

Farmers State Bank Algona, IA's savings rates are at 0.19%. MonitorBankRates evaluates the financial stability of Farmers State Bank Algona, IA with a 5.0 Star Rating, an A+ Overall Health Grade, and a Texas Ratio of 4.18%. Rates were last updated on 06/03/2026.

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

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Overall Health & Safety Grade

A+

Exceptional Health Score: 98/100

MonitorBankRates Rating

5.0

Exceptional Out of 5.0 Stars

Texas Ratio

4.18%

Excellent Lower than avg

Farmers State Bank

501 E State St
Algona, IA 50511

https://www.fsbiowa.com

Farmers State Bank Algona, IA Savings Rates

Product	Rate	APY
Savings	-	5.12%
Min Deposit $100 Details Qualifications Required: Account requirements met; Additional interest tier: Balances $30,000.01 or greater the APY will range from 5.12% to 0.19% (when account requirements are met). If account requirements are not met during the monthly statement cycle, APY earned on entire balance will be 0.19% APY. $100 minimum deposit to open account, no minimum balance required thereafter. Interest paid monthly. Fees could reduce earnings. Last Updated 06/03/2026 Institution Ratings 5.0 Star Rating A+ Health Grade ◈ Texas Ratio: 4.18%
Savings	-	0.19%
Min Deposit $100 Details APYs effective as of 4/1/2021 and are subject to change at any time and without notice. Interest paid monthly. Fees could reduce earnings. Last Updated 06/03/2026 Institution Ratings 5.0 Star Rating A+ Health Grade ◈ Texas Ratio: 4.18%

Important: Rates, terms, and conditions are subject to change without notice. The rates displayed are for information purposes only. Please confirm all rates and terms directly with the financial institution. We strive to keep this information accurate but cannot guarantee it.
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Methodology & Data Sources

MonitorBankRates Star Rating: Our rating for Farmers State Bank Algona, IA is derived from comprehensive financial data published quarterly by the FDIC. Our proprietary rating system evaluates financial stability (including the Texas Ratio and capitalization) and combines it with customer feedback (user reviews) to help you make informed banking decisions.

Texas Ratio: We calculate the Texas Ratio using standard industry methodology. This ratio compares the bank's non-performing assets to its tangible common equity and loan loss reserves to assess financial health.

Rate Data Aggregation: We gather Farmers State Bank Algona, IA rates using proprietary online rate aggregation technology. Our systems scan constantly to provide the most recent rates available to our visitors.

Disclaimer: Interest rates are variable and subject to change without notice. While we strive for accuracy, rates can change rapidly based on market conditions. It is always advisable to check with Farmers State Bank Algona, IA's official website for the most current offers and terms.

Bank Profile & Overview

Institution Name Farmers State Bank Algona, IA

Bank Holding Company WHITTEMORE BANCSHARES INC

Address 501 E State St, Algona, IA 50511 · Kossuth

Website https://www.fsbiowa.com

FDIC Certificate # 8760

Established 01/01/1895

FDIC Insurance Date 01/01/1934

Domestic Offices 3

Total Branches 3

Regulator FDIC

FDIC Insured ✓ Yes — Up to $250,000

Financial Health & Assets

A+

Overall Health Grade Score: 98/100

5.0

Exceptional Out of 5.0 Stars

4.18%

Texas Ratio Nat'l avg: 5.85%

Return on Assets (ROA) 1.2950%

Return on Equity (ROE) 13.0700%

Non-Performing Loans (NPL) 0.39%

Total Assets $151,040,000

Total Deposits $131,438,000

Equity Capital $18,710,000

Net Income $1,972,000

Headquarters Algona

Total Branches and Offices 3

Source: FDIC | Last Updated 12/31/2025

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Frequently Asked Questions About Farmers State Bank Algona, IA

How many branches does Farmers State Bank Algona, IA operate?

Farmers State Bank Algona, IA currently maintains approximately 3 branch location(s). Physical branches allow members to access in-person services such as notary consultations and safe deposit boxes.

Is there a first-time homebuyer program?

Currently, Farmers State Bank Algona, IA does not list a specific first-time homebuyer program, but they provide a range of mortgage and home equity products to assist members with property financing.

Are credit management and repair services offered?

While formal credit repair services are not currently listed, Farmers State Bank Algona, IA provides members with tools to manage their accounts and build a solid financial history.

Does Farmers State Bank Algona, IA offer online and mobile banking?

Most modern institutions like Farmers State Bank Algona, IA provide digital access. This includes the ability to check balances, transfer funds, deposit checks via mobile app, and view statements online. You can usually find these services at their official website: https://www.fsbiowa.com.