Your Farm Bank
AG BANK FOR FARMERS & RANCHERS
Acres Bank – A Farm Bank With Deposit Options
Welcome to Acres Bank, your trusted agricultural bank for farmers and ranchers. As a farm bank for agriculture, we understand the unique financial needs of farmers, ranchers, and ag investors and we’ve tailored our deposit products to meet those needs. Whether you need to save for an investment, or want a checking account for easier cash flow management, we’ve got you covered.
Our high-yield savings accounts earn you competitive interest to help you maximize your returns on your ag investment.
Acres Bank – Digital Farm Banking Mobile App
Do your online banking with our digital farm banking mobile app, and easily connect with our team of bankers to help you along your financial path.
Digital Banking Mobile App – Apple Store
Digital Banking Mobile App – Google Play
Let us bridge the gap between you and your agriculture financial goals! Connect with a banker today.
![agricultural-bank-checking-accounts](/wp-content/uploads/farmers-bank/agricultural-bank-checking-accounts.png)
CHECKING
eCentive Checking | Payroll Plus Checking | |
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Best For | Individuals | Individuals |
Interest Bearing | Yes | Yes |
Rates |
2.02% APY1 For qualified balances of $0.01 – $100,000
0.14% APY1 For qualified balances greater than $100,000
0.05% APY1 Non-qualifying balances
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4.04% APY1 For qualified balances of $0.01 – $100,000
0.14% APY1 For qualified balances greater than $100,000
0.05% APY1 Non-qualifying balances
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Three Easy Qualifications2 | 1. Have at least one direct deposit or automatic payment (ACH) each month. 2. Monthly debit card purchases posted to your account equaling a minimum of $5003. 3. Enroll and receive monthly eStatements.4 | 1. Have at least $5,000 in direct deposit each month from payroll, social security, investment income, or other forms of monthly income. 2. Monthly debit card purchases posted to your account equaling a minimum of $5003. 3. Enroll and receive monthly eStatements.4 |
Minimum Opening Deposit | $100 | $100 |
Minimum Balance | None | None |
Electronic Statements | Available For Free | Available For Free |
Service/Maintenance Fee | $4 per month if not enrolled for electronic statements | $4 per month if not enrolled for electronic statements |
Debit Card | Yes | Yes |
Save Up | Yes (More Info) | Yes (More Info) |
Digital Banking App | Yes | Yes |
Electronic Items | Free | Free |
Statement Options |
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- APY = Annual Percentage Yield. Fees may reduce earnings. Interest rate is variable and may change after the account is opened.
- When the Payroll Plus Account qualifications are met, balances up to $100,000 will earn that qualification rate for the entire statement cycle. Balances of $100,000.01 and above will receive that qualification rate for the entire statement cycle. If applicable, sales tax will be applied to service charges for accounts opened in Iowa. If qualifications are not met, base rate is set at 0.05% APY.
- Please note that ATM transactions do not count toward the debit card purchase requirement.
- Must have a valid email address to enroll. $4 per month fee applies if not enrolled in eStatements and paper statements are sent through U.S. Mail.
- Minimum opening deposit of $100 required.
- eCentive rates effective as of June 1, 2024.
- Payroll Plus rates effective as of June 1, 2024.
Carefree Checking | Low Activity Business Checking | |
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Best For | Individuals | Partnerships, LLCs, Corps, etc. |
Interest Bearing | No | No |
Minimum Opening Deposit | $100 | $100 |
Minimum Balance | $0 | $0 |
Electronic Statements | Available For Free | Available For Free |
Service/Maintenance Fee | $4 per month if not enrolled for electronic statements | $0 |
Debit Card | Yes | Yes |
Save Up | Yes (More Info) | No |
Digital Banking App | Yes | Yes |
Electronic Items | Free | Free |
Paper Item Fees | Free | Checks (debits) & Deposited Checks: First 50 free, then $.52 each |
Statement Options |
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- All your banking conveniently secure and accessible on a firewall protected server!
- View account activity, make payments, etc.
- Originate and approve ACH items
- Originate wire transfers
- Dual control available for additional security
- Control access for accountant or employees
- Export transactions to financial software
Jumbo Deposit Savings Account | Health Savings Account | |
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Rates |
4.25% APY1 $2,000,000 Minimum Balance
(Interest Rate: 4.17%)
3.02% APY1 $230,000 Minimum Balance
(Interest Rate: 2.98%)
2.04% APY1 $100,000 Minimum Balance
1.01% APY1 $.01 Minimum Balance |
3.02% APY1 $5,000 Minimum Balance
1.01% APY1 $0.1 to $4,999.99 Minimum Balance |
Features | Interest-bearing, high-yield account Deposits insured by the FDIC to the maximum allowed by law. Includes IntraFi Cash Service (aka Insured Cash Sweep or ICS) | Interest-bearing, high-yield account Earn interest on the full balance with tiered interest Free eStatements or $4/month if paper statements are mailed Transfer money to or from account anytime using Digital Banking* One free debit card (additional cards $10 each); no checks with this account Make tax-free distributions from your HSA for qualified medical expenses using:
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Minimum Opening Deposit | $1000 | $50, waived if regular ACH deposits established at account opening |
Interest | Compounded and credited monthly | Compounded and credited monthly |
Minimum Balance | $.01 | $.01 |
Fees | $15 per month fee if paper statements are mailed through the US Mail. $30 wire transfer fee waived for one outgoing domestic wire transfer per month. Unlimited incoming domestic wires at no charge. | $30 setup fee to be paid at time when HSA is established, may be deferred for up to 30 days (Setup fee reduced to $20 if account is opened online) $30 fee if account is closed within 6 months of opening External Transfer: $30 IRS corrections: $10 Excess contributions: $20 Overdrafts & NSF: $33/item** |
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