Savings Rates
It all adds up.
At The Farmers and Merchants Bank we work to make your hard earned money go further.
Click Here to see Rates
We Offer A Variety of Services at The Farmers and Merchants Bank.
Savings Interest Rates
| APY | Interest Rate | Daily Minimum Balance to Obtain APY | Minimum Balance to Open Account | |
|---|---|---|---|---|
| Savings | .05 | .05 | 0.01 | $100.00 |
| Christmas Club | .15 | .15 | 0.01 | $20.00 |
| Vacation Club | .15 | .15 | 0.01 | $20.00 |
| HI-FI | .05 | .05 | $10,000.00 | $2,500.00 |
| .03 | .03 | $2,500.00 | $2,500.00 | |
| .03 | .03 | 0.01 | $2,500.00 | |
| Premium HI-FI | .09 | .09 | $500,000.00 | $25,000.00 |
| .08 | .08 | $250,000.00 | $25,000.00 | |
| .06 | .06 | $125,000.00 | $25,000.00 | |
| .05 | .05 | $25,000.00 | $25,000.00 | |
| .05 | .05 | $1,000.00 | $25,000.00 |
Effective 11/6/2019
Premium HI-FI, HI-FI, and Savings are variable rate accounts. The rate may change after the account is opened. Fees can reduce the earnings on accounts
* The term of the Christmas Club may vary depending on the initial deposit date. A penalty will be imposed for early withdrawal. Those opened in 2019 and 2020 for the 2020 Christmas season will mature on October 7, 2020.
** The term of the vacation club may vary depending on the initial deposit date. A penalty will be imposed for early withdrawal. Those opened in 2019 and 2020 for the 2020 vacation season will mature on May 06, 2020.