888-478-3007 Waterloo - Marshall, WI

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Personal Savings and Certificates

Savings Options for All Ages

Saving money is a skill that serves you well throughout your entire life. That’s why Farmers & Merchants State Bank offers savings accounts for customers of all ages, because it’s never too early or too late to learn how to save your money. All of our savings accounts offer the following features:

  • Free Internet banking
  • E-Statements
  • Free 24/7 Telebanc services
  • Direct Deposit
  • Earn interest on idle funds
  • Free personalized financial plan
  • Free Mobile Money
  • Free ClickSWITCH - easily move recurring payments and direct deposit to your new account with the click of a button.  Click here to learn more.

Available Savings accounts

Farmers & Merchants State Bank offers the following savings accounts:


Personal Savings Account

Available to customers that are at least 18 years old, this account offers a low minimum balance and quarterly interest payments.

PREMIUM MONEY MARKET AND Money Market Savings Account

Earn market rates and take advantage of higher balances with tiered interest. This account also offers limited check writing and check safekeeping.

Prosperity Premium Savings Account

Take advantage of higher interest rates, even when your funds are idle. Your interest payment is made quarterly.

Youth Savings Account

A perfect account for customers looking to start saving, our Youth Savings Account helps customers under the age of 18 learn to save with low minimum balance requirements and quarterly interest payments.

Holiday Savings Account

Make sure you can pay for all your holiday gifts. You save money throughout the year and your interest is paid out on November 1, just in time for holiday shopping. You must use direct deposit or auto transfer to deposit your funds.

Custodial Account

Uniform Transfer to Minor (UTMA):  Provides a way for youth up to 21 to earn more interest on deposits. Earn more on balances < $500 and interest paid quarterly.

To learn more about the fees associated with each of our savings accounts, check out our fee schedule.

Certificates of deposit

You can help your money grow faster using higher interest rates from a Farmers & Merchants State Bank certificate of deposit, commonly known as a CD. Our CDs are available in terms ranging from 91 days to five years. Your interest can be paid out via an automatic transfer to an account, by check or by addition to your CD. We also offer the following special CDs:

  • 9-Month CD: 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.
  • 20-Month Dream Builder CD: Just $20 to open, this CD requires an automatic deposit of at least $20 per month.
  • 29-Month Trade-Up: 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.
  • Reverse CD - a Certificate of Deposit that can provide a monthly bridge for the gap between future retirement, pension or social security by supplementing your income with fixed monthly funds from your certificate of deposit. 24, 36, 48 and 60 month term available.  It's a recession proof paycheck.  Get growth, security and income.  $5,000 minimum balance to open.


Coverdell education accounts

Furthering your education is a great way to make sure you can get the job you want and put yourself in a position for long-term success. A Coverdell Education Account from Farmers & Merchants State Bank allows you to make contributions for your child’s educational future. Contributions can be used to:

  • Pay for elementary and secondary education expenses, from kindergarten through 12th grade.
  • Cover tuition at public, private or religious educational institutions.
  • Fund college, technical school or post-graduate work

With a Coverdell Education Account, you, a friend or family member can make a contribution to the account. There are also no payments on income tax on the interest payments required.

Learn More About Savings Accounts

Farmers & Merchants State Bank’s staff is ready to answer your questions about savings accounts and CDs. Call us at 1-888-478-3007 to speak with a member of our team.  Or complete our quick and easy inquiry form and a Universal Banker will contact you.