Personal Rates

Savings, Checking and CD Interest Rates

Farmers & Merchants State Bank allows you to grow your money with interest. View our rate sheet to see the balance requirements to earn interest on your checking account, savings account or CD.

NOTE:  If you are a current customer and would like to open an account, please log on to online banking and select Open Account.

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Personal RateS

Consumer Deposit Products1TierMinimum Balance to Open & Earn APY*Interest Rate*Annual Percentage Yield (APY)Compounding
SPECIALS
     
39 Month Trade-Up8 $5,0002.70%2.70%Annually
29 Month Trade-Up2 $5,0002.50%2.50%Annually
16 Month - Sweet Sixteen Option5 $5001.75%1.75%Annually
21 MONTH - PRIME POWERED93$50,0002.63%2.63%Annually
 2$49,999 - $25,0002.36%2.36%Annually
 1$24,999 - $10,0002.10%2.10%Annually
20 Month Dream Builder3 $202.00%2.00%Annually
TERM CD's
     
60 Month $5002.65%2.65%Annually
36 Month $5000.75%0.75%Annually
24 Month $5000.54%0.54%Annually
18 MONTH $5000.40%0.40%Annually
12 Month $5000.34%0.34%Annually
SAVINGS4,6
     
Prosperity Premium Savings2$25,0000.22%0.22%Quarterly
 1$0-$24,9990.07%0.07%Quarterly
Personal Savings $1000.07%0.07%Quarterly
custodial savings**2> $5000.50%0.50%Quarterly
 1$0 - $5001.00%1.00%Quarterly
youth savings** $100.50%0.50%Quarterly
Holiday Savings $100.50%0.50%Annually
ira passbook savings** $1000.07%0.07%Quarterly
CHECKING
     
Freedom Checking $50 / N/AN/AN/AN/A
Prosperity Checking $50 / $2,5000.05%0.05%Monthly
CONVENIENCE CHECKING $50 / N/AN/AN/AN/A
hsa checking** $1000.52%0.52%Monthly
MONEY MARKET SAVINGS7
     
PREMIUM MONEY MARKET42$250,0001.00%1.00%Monthly
 1$0 - $249,9990.01%0.01%Monthly
MONEY MARKET46$150,0000.35%0.35%Monthly
 5$100,000 - $149,0000.30%0.30%Monthly
 4$75,000 - $99,9990.25%0.25%Monthly
 3$50,000 - $74,9990.20%0.20%Monthly
 2$25,000 - $49,9990.15%0.15%Monthly
 1$0 - $24,9990.10%0.10%Monthly

** The following accounts must be opened in person:

  • Custodial Savings
  • Youth Savings
  • IRA Passbook Savings
  • HSA Checking

Individual Retirement Accounts are available but must also be opened in person.

Rates Effective as of Monday, November 12, 2018

  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. 29 Month 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.
  3. Dream Builder Certificate of Deposit must have monthly automatic deposits of $20.
  4. All balances below minimum may earn interest however may incur service fees. See corresponding Truth-in Savings for complete details.
  5. 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.
  6. Custodial Savings only one account per custodian tax identification number.
  7. Other options may be available for Individual Retirement Accounts (IRA's).
  8. 39-Month Trade-Up CD - Rate change upon request of one account holder, one time during term of CD to rate available for 36 month term at time of rate change.
  9. 21-Month Prime Powered CD - Rate is based on 40% of current prime rate as published in the Wall Street Journal.  Rate may change weekly based on the day of the week the account is opened.