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
29 Month Trade-Up2 $5,0001.49%1.49%Annually
16 Month - Sweet Sixteen Option5 $5001.29%1.29%Annually
20 Month Dream Builder3 $201.01%1.01%Annually
60 Month $5001.50%1.50%Annually
36 Month $5000.75%0.75%Annually
24 Month $5000.54%0.54%Annually
12 Month $5000.34%0.34%Annually
Prosperity Premium Savings2$25,0000.22%0.22%Quarterly
Personal Savings $1000.07%0.07%Quarterly
Holiday Savings $100.50%0.50%Annually
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
Online Money Market Savings44$1,000,0001.00%1.00%Monthly
 3$100,000 - $999,9990.50%0.50%Monthly
 2$50,000 - $99,9990.30%0.30%Monthly
 1$0 - $49,9990.05%0.05%Monthly


Rates Effective as of Sunday, December 17, 2017

  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. Trade-Up CD - No additional account relationship APY 1.49%.  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. No check writing capabilities, debit card, ACH or auto transfer only.