888-478-3007 Waterloo - Marshall, WI

Online Banking

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 Products1TierMinimum Balance to Open & Earn APY*Interest Rate*Annual Percentage Yield (APY)Compounding
Available for Certificates, Individual Retirement Accounts (IRAs)
16 Month - Sweet Sixteen Option4 $5001.35%1.35%Annually
9 Month Option CD10 $5001.75%1.76%Quarterly
29 Month trade-up6 $50002.50%2.50%Annually
20 Month Dream Builder21$20.00 - $99,9990.55%0.55%Annually
20 Month Dream Builder22$100,0000.07%0.07%Annually
Reverse cd 824 Month$5,0000.75%0.75%Monthly
 36, 48, 60 Months$5,0000.95%0.95%Monthly
other terms available for Certificates & Individual retirement accounts (IRA) & Health Savings Accounts (HSA)
60 Month $5000.75%0.75%Annually
36 Month $5000.45%0.45%Annually
24 Month $5000.35%0.35%Annually
18 month -                                             125th anniversary special   $5001.25%1.25%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 savings52> $5000.50%0.50%Quarterly
 1$0 - $5003.00%3.03%Quarterly
youth savings92> $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 MARKET32$250,0001.02%1.03%Monthly
 1$0 - $249,9990.01%0.01%Monthly
MONEY MARKET36$150,0000.31%0.31%Monthly
 5$100,000 - $149,9990.26%0.26%Monthly
 4$75,000 - $99,9990.21%0.21%Monthly
 3$50,000 - $74,9990.16%0.16%Monthly
 2$25,000 - $49,9990.11%0.11%Monthly
 1$0 - $24,9990.10%0.10%Monthly


Rates Effective as of   Wednesday, October 5, 2022

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.  IRA & HSA accounts not available.

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 at 8 months prior to maturity date, upon request of account holder.  Health Savings Accounts (HSAs) are not available

5.  Custodial Savings only one account per custodian tax identification number. 

6.  29-Month Trade-Up CD - Rate change upon request of one account holder, one time during the term of CD to rate available for 24 month term at time of rate change.   

8.  Reverse CD - Customer must have an agreed upon monthly automatic (no checks issued) disbursement/withdrawal that cannot 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.

10.  9-Month Option CD can deposit or withdraw balance, without penalty, at each 90 day anniversary upon request of account holder.  If entire balance is not withdrawn, the $500 minimum balance must be maintained.  Aggregate deposits during the 9 month term may not exceed $250,000.  No institutional money.  Health Savings Accounts (HSAs) are not available.