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.


Personal RateS

Consumer Deposit Products1,6TierMinimum Balance to Open & Earn APY*Interest Rate*Annual Percentage Yield (APY)Compounding
16 Month - Sweet Sixteen Option4 $5000.65%0.65%Annually
20 Month Dream Builder2 $201.00%1.00%Annually
Reverse cd 824 Month$5,0000.75%0.75%Monthly
 36, 48, 60 Months$5,0000.95%0.95%Monthly
60 Month $5001.00%1.00%Annually
36 Month $5000.75%0.75%Annually
24 Month $5000.60%0.60%Annually
18 MONTH $5000.35%0.35%Annually
12 Month $5000.30%0.30%Annually
Prosperity Premium Savings2$25,0000.22%0.22%Quarterly
Personal Savings $1000.07%0.07%Quarterly
custodial savings5**2> $5000.50%0.50%Quarterly
 1$0 - $5003.00%3.03%Quarterly
youth savings9**2> $5000.50%0.50%Quarterly
 1$0 - $5003.00%3.03%Quarterly
Holiday Savings $100.50%0.50%Annually
ira passbook savings** $1000.07%0.07%Quarterly
Freedom Checking $50 / N/AN/AN/AN/A
Prosperity Checking $50 / $2,5000.05%0.05%Monthly
hsa checking** $1000.52%0.52%Monthly
PREMIUM MONEY MARKET3,102$250,0000.30%0.30%Monthly
 1$0 - $249,9990.01%0.01%Monthly
MONEY MARKET36$150,0000..25%0..25%Monthly
 5$100,000 - $149,0000.20%0.20%Monthly
 4$75,000 - $99,9990.15%0.15%Monthly
 3$50,000 - $74,9990.10%0.10%Monthly
 2$25,000 - $49,9990.05%0.05%Monthly
 1$0 - $24,9990.01%0.01%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 Wednesday, September 30, 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. Dream Builder Certificate of Deposit must have monthly automatic deposits of $20.
  3. All balances below minimum may earn interest however may incur service fees. See corresponding Truth-in Savings for complete details.
  4. 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.
  5. Custodial Savings only one account per custodian tax identification number.
  6. Other options may be available for Individual Retirement Accounts (IRA's)
  8. Reverse CD - Customer must have an agreed upon monthly automatic (no checks issued) disbursement/withdrawal that can not be changed.  Single Maturity, last disbursement/ withdrawal will close the account.  Health Savings Accounts (HSAs) are not available.
  9. Youth Savings only one account per minors tax identification number.