Farmers & Merchants State Bank -- Your Partner For Life

Loans

Rates

Specials¹
Account /Term	Minimum Balance to Open & Earn APY*	Interest Rate	*Annual Percentage Yield (APY)	Compounding
29 Month Trade-Up²	$5,000	0.81%	0.81%	Annually
16 Month - Special Option⁵	$500	0.54%	0.54%	Annually
20 Month Dream Builder³	$20	0.81%	0.81%	Annually

60 Month Step-Up Certificate
Account/Term		Minimum Balance to Open & Earn APY*	Interest Rate	*Annual Percentage Yield (APY)	Compounding
60 Month	Year 1	$500	0.31%		Annually
	Year 2	$500	0.81%		Annually
	Year 3	$500	1.31%		Annually
	Year 4	$500	1.81%		Annually
	Year 5	$500	2.31%		Annuall
	APY*			1.34%

Term CD's¹
Account /Term	Minimum Balance to Open & Earn APY*	Interest Rate	*Annual Percentage Yield (APY)	Compounding
60 Month	$500	1.25%	1.25%	Annually
36 Month	$500	0.75%	0.75%	Annually
24 Month	$500	0.54%	0.54%	Annually
12 Month	$500	0.24%	0.24%	Annually

Individual Retirement (IRA)¹
Account /Term	Minimum Balance to Open & Earn APY*	Interest Rate	*Annual Percentage Yield (APY)	Compounding
18 Month	$500	0.34%	0.34%	Annually

Money Market⁴
Account /Term	Minimum Balance to Open & Earn APY*	Interest Rate	*Annual Percentage Yield (APY)	Compounding
MMDA Tier 3	$100,000	0.32%	0.32%	Monthly
MMDA Tier 2	$25,000	0.18%	0.18%	Monthly
MMDA Tier 1	$0-$24,999	0.05%	0.05%	Monthly

Savings^4,6
Account /Term	Minimum Balance to Open & Earn APY*	Interest	*Annual Percentage Yield (APY)	Compounding
Hometown Premium Savings Tier 2	$25,000	0.22%	0.22%	Quarterly
Hometown Premium Savings Tier 1	$0-$24,999	0.07%	0.07%	Quarterly
Personal Savings	$100	0.07%	0.07%	Quarterly
Custodial Savings Tier 2	>$501	0.50%	0.50%	Quarterly
Custodial Savings Tier 1	$0-500	1.00%	1.00%	Quarterly
Youth Savings	$10	0.50%	0.50%	Quarterly
Holiday Savings	$10	0.50%	0.50%	Annually

Variable interest rate and APY (checking, savings, money market and trade-up CD) are subject to change after opening account. Rates are subject to change without notice. Fees could reduce earnings on the account. Penalties may be assessed for early withdrawal on certificates of deposit.
Trade-up CD rate change upon request of one account holder, one time during term of CD to rate available for 24 month term at time of rate change.
Dream Builder Certificate of Deposit must have monthly automatic deposits of $20.
All balances below minimum may earn interest however will incur service fees. See corresponding Truth-in Savings for complete details.
16-Month CD can withdraw up to 50% without penalty or add to balance at 8 months prior to maturity date, upon request of account holder.
Custodial Savings only one account per tax identification number.