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.
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 | |
SAVINGS2,4 | |||||
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 | ||