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 Products¹	Tier	Minimum Balance to Open & Earn APY*	Interest Rate	*Annual Percentage Yield (APY)	Compounding
SPECIALS
16 Month - Sweet Sixteen Option³		$500	0.40%	0.40%	Annually

TERM CD's
60 Month		$500	0.75%	0.75%	Annually
36 Month		$500	0.45%	0.45%	Annually
24 Month		$500	0.35%	0.35%	Annually
12 Month		$500	0.30%	0.30%	Annually
MONEY MARKET²
Business Money Market	6	$150,000	0.22%	0.22%	Monthly
	5	$100,000 - $149,999	0.17%	0.17%	Monthly
	4	$75,000 - $99,999	0.12%	0.12%	Monthly
	3	$50,000 - $74,999	0.07%	0.07%	Monthly
	2	$25,000 - $49,999	0.02%	0.02%	Monthly
	1	$0 - $24,999	0.01%	0.01%	Monthly
premium Business Money Market²	2	$250,000	0.65%	0.65%	Monthly
	1	$0-$249,999	0.01%	0.01%	Monthly
SAVINGS^2,4
Business Premium Savings	2	$25,000	0.22%	0.22%	Quarterly
	1	$0 - $24,999	0.07%	0.07%	Quarterly
CHECKING
Small Business Checking		$100 / NA	N/A	N/A	N/A
Commercial Checking⁴		$100 / NA	N/A	N/A	N/A
Commercial Interest Checking		$100 / $2,500	0.05%	0.05%	Monthly
		$100 / $0 - $2,499	0.01%	0.01%	Monthly

Rates Effective as of Thursday, October 21, 2021

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.
All balances below minimum may earn interest however may incur service fees.
16 Month CD can withdraw up to 50% without penalty at 8 months prior to maturity date, upon request of account holder.
Earnings credit is given to offset service fee on average collected balance.