Time Deposit Products

When it comes to saving for a secure retirement or making your money work harder for you in the short term, we’ve got an investment option that may be right for you.

time deposits

We’ve Got A Certificate of Deposit That’s Right For You

Our Certificates of Deposits offer guaranteed yields, flexibility, and the safety of FDIC insurance. That’s because you lock in a high yield that’s guaranteed from the day you open the account until the day it matures. You know exactly what return you’ll get and when you’ll get it.

Your investment is safe because Farmers Bank of Lincoln CDs are backed by the Federal Deposit Insurance Corporation – making them as safe as any investment in the world.

We offer Certificates of Deposit in a broad range of maturities, each designed with a particular goal in mind. And, for as little as $1000, you can open your own CD. To help you decide which CD will best meet your needs, request a CD quote from one of our Customer Services Representatives today at (660) 547-3311.

Secure Your Future With An Individual Retirement Account

You might be able to save on your present taxes with an Individual Retirement Account by deducting your qualified contributions from your taxable income. Many Americans can deduct all or part of their IRA contributions from current income taxes. The deductible amount depends on your income, marital status and whether you’re an active participant in an employer sponsored plan as defined by the Internal Revenue Service. Contact a customer service representative today at 660-547-3311 for more information.

 If You’re Changing Employers, An IRA Rollover Makes Sense. If you are retiring or changing jobs and anticipate withdrawing money from your employer’s retirement plan, you can avoid withdrawal penalties by transferring your assets into an IRA or another qualified plan. You can ask your employer to arrange for a “direct rollover” of your money into a new IRA account with us, or you can do it yourself with an IRA-to-IRA rollover.

You must complete the rollover within 60 days from the date you receive the assets from your old IRA in order to qualify and not pay the mandatory 20% withholding and possibly other penalties as well. For more information about IRA Rollovers or opening a new IRA just give us a call at 660-547-3311.