|
Q. What are the interest rates for the CashPlus account? The interest rate for CashPlus accounts is a variable rate that is competitive to the interest rates paid on three or six month certificates of deposit, plus your CashPlus funds remain liquid and there are no fees. Q. Who / what is AgriBank, FCB? AgriBank, FCB is a Farm Credit System entity. AgriBank provides funding and other services for Farm Credit Services of America. Farm Credit Services of America is a cooperative owner of AgriBank, FCB. AgriBank, FCB has $37 billion in assets and $2.25 billion in equity. Q. What are the tax implications of the CashPlus account? Because the funds invested are used by AgriBank to fund loans under the Farm Credit Act, earnings may not be subject to state or local income taxes. This increases the earnings potential of CashPlus accounts. Consult your tax advisor for more information. Q. How do I set up a CashPlus account? Farm Credit Services of America can help you set up an account. There is some paperwork to fill out, but the rest is easy.
|