Business Rate Sheet

Interest Rates for Business Accounts

Farmers & Merchants State Bank allows business owners to earn interest, depending on which account they choose and their balance. Check out the balance requirements and interest rates associated with each of our business accounts.  For information on MUNICIPALITY RATES, call a Universal Banker at 920-478-2181.

Business Rates

Commercial Deposit Products1TierMinimum Balance to Open & Earn APY*Interest Rate*Annual Percentage Yield (APY)Compounding
16 Month - Sweet Sixteen Option3 $5001.06%1.06%Annually
21 MONTH - PRIME POWER52$50,0001.14%1.14%Annually
 1$49,999 - $5,000.98%.98%Annually
TERM CD's     
60 Month $5001.00%1.00%Annually
36 Month $5001.00%1.00%Annually
24 Month $5001.00%1.00%Annually
12 Month $5001.00%1.00%Annually
Business Money Market6$150,0000.40%0.40%Monthly
 5$100,000 - $149,9990.35%0.35%Monthly
 4$75,000 - $99,9990.30%0.30%Monthly
 3$50,000 - $74,9990.25%0.25%Monthly
 2$25,000 - $49,9990.20%0.20%Monthly
 1$0 - $24,9990.15%0.15%Monthly
premium Business Money Market2,62$250,0001.19%1.20%Monthly
Business Premium Savings2$25,0000.22%0.22%Quarterly
 1$0 - $24,9990.07%0.07%Quarterly
Small Business Checking $100 / NAN/AN/AN/A
Commercial Checking4 $100 / NAN/AN/AN/A
Commercial Interest Checking $100 / $2,5000.05%0.05%Monthly
  $100 / $0 - $2,4990.01%0.01%Monthly
5 Year $10,0001.641.65Daily
3 Year $10,0001.031.04Daily
2 Year $10,0000.690.69Daily
52 Weeks $10,0000.490.49Daily
26 Weeks $10,0000.220.22Daily
13 Weeks $10,0000.180.18Daily
4 Weeks $10,0000.120.12Daily
Overnight $10,0000.400.40Daily


Rates Effective as of Monday, April 6, 2020

  1. Variable Interest Rate and APY (checking, savings, money market and trade-up CD) are subject to change after opening accounts. 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.
  2. All balances below minimum may earn interest however may incur service fees.
  3. 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.
  4. Earnings credit is given to offset service fee on average collected balance.
  5. 21-Month Prime Power CD - The tiers are indexed to current prime rate as published in the Wall Street Journal as follows:  Tier 1) 30% and Tier 2) 35% .  Rate may change weekly based on the day of the week the account is opened.  Floor rate equals original interest rate at time of account opening and rate cap/ceiling of 10% for all tiers.
  6. Business Premium Money Market Account, Tier 2 rate fixed through 2/28/2021.