Savings Rates

It all adds up.

At The Farmers and Merchants Bank we work to make your hard earned money go further.

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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 07/11/2018

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 2017 and 2018 for the 2018 Christmas season will mature on October 3, 2018.

** 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 2018 and 2019 for the 2019 vacation season will mature on May  08, 2019.