Funds Held Accounts

Golden State Farm Credit has a Funds Held account program, which is an interest-bearing trust account that offers a market-competitive cash management option for borrowers. By setting up a Funds Held account, you can keep your cash liquid for your agriculture operating needs while also earning a market rate of return. Funds Held is a unique money-management benefit that is only offered at Farm Credit.
 
How Funds Held Accounts can be used

• Make a loan payment
• Apply funds to your account
• Pay taxes or insurance
• Use for other agricultural purpose

Who's eligible?

• Any GSFC primary borrower who has a loan
• Borrower can invest up to the amount of their principal or total loan commitment balance and earn interest on their funds

Interest rate

• Determined by GSFC
• Interest on the accounts is compounded annually
• The interest rate paid on the account will be established by the Association’s Asset Liability Committee.

How to add of withdraw funds

• Call the office to request a check or payment via Automated Clearing House (ACH)
• Use Online Banking

About Funds Held Accounts

• No withdrawal penalty
• Not a depository account
• Uninsured and at the risk of loss
• Funds are protected by the commitment and financial condition of GSFC

Reporting

• Interest earned is reported annually to you and the IRS on Form 1099-INT

Golden State Farm Credit reserves the right to limit participation in the Funds Held Account Program. For more information about our Funds Held Accounts Program, call 800.834.8698.