888-478-3007 Waterloo - Marshall, WI
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 Products1,6 | Tier | Minimum Balance to Open & Earn APY* | Interest Rate | *Annual Percentage Yield (APY) | Compounding |
|---|---|---|---|---|---|
SPECIALSAvailable for Certificates, Individual Retirement Accounts (IRAs) | |||||
| 16 Month - Sweet Sixteen Option4 | $500 | 0.40% | 0.40% | Annually | |
| 9 Month Option CD10 | $500 | 0.34% | 0.34% | Quarterly | |
| 20 Month Dream Builder2 | 1 | $20.00 - $99,999 | 0.55% | 0.55% | Annually |
| 20 Month Dream Builder2 | 2 | $100,000 | 0.07% | 0.07% | Annually |
| Reverse cd 8 | 24 Month | $5,000 | 0.75% | 0.75% | Monthly |
| 36, 48, 60 Months | $5,000 | 0.95% | 0.95% | Monthly | |
other terms available for Certificates & Individual retirement accounts (IRA) & Health Savings Accounts (HSA) | |||||
| 60 Month | $500 | 0.75% | 0.75% | Annually | |
| 36 Month | $500 | 0.45% | 0.45% | Annually | |
| 24 Month | $500 | 0.35% | 0.35% | Annually | |
| 18 MONTH | $500 | 0.30% | 0.30% | Annually | |
| 12 Month | $500 | 0.30% | 0.30% | Annually | |
SAVINGS3,5 | |||||
| Prosperity Premium Savings | 2 | $25,000 | 0.22% | 0.22% | Quarterly |
| 1 | $0-$24,999 | 0.07% | 0.07% | Quarterly | |
| Personal Savings | $100 | 0.07% | 0.07% | Quarterly | |
| custodial savings5** | 2 | > $500 | 0.50% | 0.50% | Quarterly |
| 1 | $0 - $500 | 3.00% | 3.03% | Quarterly | |
| youth savings9** | 2 | > $500 | 0.50% | 0.50% | Quarterly |
| 1 | $0 - $500 | 3.00% | 3.03% | Quarterly | |
| Holiday Savings | $10 | 0.50% | 0.50% | Annually | |
| ira passbook savings** | $100 | 0.07% | 0.07% | Quarterly | |
CHECKING | |||||
| Freedom Checking | $50 / N/A | N/A | N/A | N/A | |
| Prosperity Checking | $50 / $2,500 | 0.05% | 0.05% | Monthly | |
| hsa checking** | $100 | 0.52% | 0.52% | Monthly | |
MONEY MARKET SAVINGS3 | |||||
| PREMIUM MONEY MARKET3, | 2 | $250,000 | 0.65% | 0.65% | Monthly |
| 1 | $0 - $249,999 | 0.01% | 0.01% | Monthly | |
| MONEY MARKET3 | 6 | $150,000 | 0.22% | 0.22% | Monthly |
| 5 | $100,000 - $149,000 | 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 |
** 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 Thursday, October 21, 2021
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.
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.