Deposit Rates

Deposit Rates as of September 28, 2022

ACCOUNT

INTEREST RATES

APY*

F&M Extreme Checking**

Minimum to Open $100


Daily Available Balance up to $2,499.99 0.10% 0.10%
Daily Available Balance $2,500.00 or greater 0.15% 0.15%

F&M Interest**

Minimum to Open $100


Daily Available Balance up to $1,000.00 5.00% 5.12%
Daily Available Balance in excess of $1,000.00
0.15%
5.12% - 0.15%

F&M CAMPUS**

Minimum to Open $100


Daily Available Balance up to $500.00
10.00% 10.47%
Daily Available Balance in excess of $500.00
0.05% 10.47% - 0.05%

F&M 50+**

Minimum to Open $100 & Minimum balance to obtain APY is $500


Daily Available Balance of $500.00 or greater 0.05% 0.05%

F&M YOUNG FARMERS**

Minimum to Open $50


Daily Available Balance up to $3,000.00 2.00% 2.02%
Daily Available Balance in excess of $3,000.00 0.10% 2.02% - .10%

HEALTH SAVINGS**



Family or Individual 0.25% 0.25%

F&M Business Interest**

Minimum to Open and Obtain APY $5,000


Daily Available Balance of $5,000.00 or greater 0.15% 0.15%

EARNINGS CREDITS

0.10%
*APY - Annual Percentage Yield 
** The rate is variable and subject to change after account opening
Fees could reduce earnings on the account.
Daily balance method is used to calculate interest which applies a daily periodic rate to the principal balance each day. Interest will be compounded monthly and credited monthly.
Interest begins to accrue no later than the business day we receive credit for non-cash items(checks).

 

SAVINGS DEPOSIT RATES

F&M MYWAY SAVINGS**

Minimum to Open $100
Renamed from Regular Savings
0.10% 0.10%

F&M DREAM BIG **

Minimum to Open $50
0.40% 0.40%
*APY - Annual Percentage Yield 
** The rate is variable and subject to change after account opening
Fees could reduce earnings on the account.
Daily balance method is used to calculate interest which applies a daily periodic rate to the principal balance each day. Interest will be compounded quarterly and credited quarterly.
Interest begins to accrue no later than the business day we receive credit for non-cash items(checks).

 

CERTIFICATE OF DEPOSIT***

$500 Minimum to Open CD
Interest Rate apy*
3 Month 0.14% 0.14%
6 Month 0.19% 0.19%
7 Month Special
Auto-Renew for 6 Months
0.65% 0.65%
9 Month 0.20% 0.20%
12 Month 0.21% 0.21%
18 Month 0.25% 0.25%
19 Month Special
Auto-Renew for 18 Months
1.15% 1.15%
24 Month 0.28% 0.28%
30 Month 0.32% 0.32%
36 Month 0.37% 0.37%
48 Month 0.50% 0.50%
60 Month 0.77% 0.77%
IRA Variable** tied to savings 0.10% 0.10%

*APY - Annual Percentage Yield 
*Annual Percentage Yield assumes interest remains on deposit until maturity
***Penalty for early withdrawals
Rates are accurate as of the date listed and are subject to change without notice.
Daily balance method is used to calculate interest which applies a daily periodic rate to the principal balance each day. Interest will be compounded quarterly and credited quarterly. Interest begins to accrue no later than the business day we receive credit for non-cash items (checks).

For more details on terms and conditions, contact the Client Representative Team.