 (Effective 07/12/10)
CDs / IRAs
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Certificates of Deposit / IRAs
| Term |
Minimum Deposit* |
Compounds |
Rate |
APY** |
| 3 Months |
$1,000.00 |
Quarterly |
0.75% |
0.75% |
| 6 Months |
$1,000.00 |
Quarterly |
0.90% |
0.90% |
| 12 Months |
$1,000.00 |
Quarterly |
1.10% |
1.10% |
| 18 Months |
$1,000.00 |
Quarterly |
1.39% |
1.40% |
| 24 Months |
$1,000.00 |
Quarterly |
1.49% |
1.50% |
| 36 Months |
$1,000.00 |
Quarterly |
1.94% |
1.95% |
| 48 Months |
$1,000.00 |
Quarterly |
2.18% |
2.20% |
| 60 Months |
$1,000.00 |
Quarterly |
2.48% |
2.50% |
* Substantial Penalty For Early Withdrawal
** APY = Annual Percentage Yield
IRA Plus
| Balance |
Compounds |
Rate |
APY* |
| $0 |
- |
$2,999.99 |
Quarterly |
0.25% |
0.25% |
| $3,000.00 |
- |
$9,999.99 |
Quarterly |
0.50% |
0.50% |
| $10,000.00 |
- |
$24,999.99 |
Quarterly |
0.50% |
0.50% |
| $25,000.00 |
- |
$49,999.99 |
Quarterly |
0.75% |
0.75% |
| $50,000.00 |
- |
$99,999.99 |
Quarterly |
1.24% |
1.25% |
| $100,000.00 |
+ |
|
Quarterly |
1.49% |
1.50% |
* APY = Annual Percentage Yield
Checking
Smart E-Checking
| Balance* |
Compounds |
Rate |
APY** |
Service Charge |
| $0 |
- |
$50,000.00 |
Monthly |
1.98% |
2.00% |
N/A |
| $50,000.01 |
+ |
|
Monthly |
1.00% |
1.00% |
N/A |
* To qualify for the Smart E-Checking rate and to be reimbursed for non F&M ATM transactions, you must meet the following requirements each month: (1) Make 10 checkcard transactions per qualification cycle. (2) Receive your monthly statement electronically. (3) Set up at least one monthlydirect deposit or automatic debit (4) Access online banking at least once per qualification cycle. Qualification cycle means a period beginning one day prior to the first day of the current statement cycle through one day prior to the close of the current statement cycle. 1.00% APY will be paid on balances over $50,000. Account balances over $50,000 will earn a blended rate if all qualifications are met. If you do not meet the above requirements during your monthly qualification cycle, you will earn .25% APY on your entire balance. At our discretion, we may change the qualification requirements and/or the balance tier on your account at any time. A 30-day notice will be provided for either of these two changes. APYs accurate as of 3/16/2010. All requirements waived during your first qualification cycle. No more than two accounts per person.
**APY = Annual Percentage Yield
VIP 50 Checking
| Balance |
Compounds |
Rate |
APY* |
Service Charge |
| $0 |
- |
$99.99 |
Monthly |
0.25% |
0.25% |
$10.00 if balance fall below $100.00 |
| $100.00 |
+ |
|
Monthly |
0.25% |
0.25% |
N/A |
*APY = Annual Percentage Yield. Interest earned on total balance.
Interest Checking
| Balance |
Compounds |
Rate |
APY* |
Service Charge |
| $0 |
- |
$2,499.99 |
Monthly |
0.20% |
0.20% |
$12.00 if balance falls below $1,000.00 |
| $2,500.00 |
- |
$9,999.99 |
Monthly |
0.35% |
0.35% |
N/A |
| $10,000.00 |
- |
$24,999.99 |
Monthly |
0.50% |
0.50% |
N/A |
| $25,000.00 |
- |
$49,999.99 |
Monthly |
0.50% |
0.50% |
N/A |
| $50,000.00 |
+ |
|
Monthly |
0.50% |
0.50% |
N/A |
*APY = Annual Percentage Yield. Customer can write unlimited checks a month without a per item charge.
Choice Interest Checking
| Balance |
Compounds |
Rate |
APY* |
Service Charge |
| $0 |
- |
$4,999.99 |
Monthly |
0.25% |
0.25% |
$15.00 if balance falls below $5,000 |
| $5,000.00 |
- |
$24,999.99 |
Monthly |
0.25% |
0.25% |
N/A |
| $25,000.00 |
- |
$49,999.99 |
Monthly |
0.50% |
0.50% |
N/A |
| $50,000.00 |
- |
$99,999.99 |
Monthly |
0.75% |
0.75% |
N/A |
| $100,000.00 |
+ |
|
Monthly |
1.00% |
1.00% |
N/A |
*APY = Annual Percentage Yield. Tiered interest - Interest earned on total balance. Rate is variable and earning are credited monthly.
Money Market
Choice Money Market
| Balance |
Compounds |
Rate |
APY* |
Service Charge |
| $0 |
- |
$2,499.99 |
Monthly |
0.10% |
0.10% |
$12.00 if balance falls below $2,500.00 |
| $2,500.00 |
- |
$9,999.99 |
Monthly |
0.25% |
0.25% |
N/A |
| $10,000.00 |
- |
$24,999.99 |
Monthly |
0.50% |
0.50% |
N/A |
| $25,000.00 |
- |
$49,999.99 |
Monthly |
0.50% |
0.50% |
N/A |
| $50,000.00 |
- |
$99,999.99 |
Monthly |
1.00% |
1.00% |
N/A |
| $100,000.00 |
- |
$199,999.99 |
Monthly |
1.24% |
1.25% |
N/A |
| $200,000.00 |
+ |
|
Monthly |
1.49% |
1.50% |
N/A |
*APY = Annual Percentage Yield
Savings
Regular Savings
| Balance |
Compounds |
Rate |
APY* |
Service Charge |
| $0 |
+ |
|
Quarterly |
0.25% |
0.25% |
$12 per Quarter. Fee can be avoided if minimum daily balance of $500 is maintained. No service charge for customers age 50 and over. |
*APY = Annual Percentage Yield. A variable interest rate is paid for balances over $500.00. There is a charge of $2.00 per withdrawal in excess of 3 per statement cycle.
Youth Savings
| Balance |
Compounds |
Rate |
APY* |
Service Charge |
| $0 |
+ |
|
Quarterly |
0.25% |
0.25% |
$2 for each withdrawl over 3 per quarter. |
*APY = Annual Percentage Yield. Youth Savings for under age 20. Account pays interest on all balances.
Easy Save Account
| Balance |
Compounds |
Rate |
APY* |
Service Charge |
| $0 |
- |
$25,000.00 |
Quarterly |
1.25% |
1.25% |
$10 for each withdrawl over 3 per quarter. |
| $25,000.01 |
+ |
|
Quarterly |
0.25% |
0.25% |
|
*APY = Annual Percentage Yield. Reverts to Regular Savings Rate without Automatic Transfer.
Health Savings Account
| Balance |
Compounds |
Rate |
APY* |
Service Charge |
| $0 |
+ |
|
Monthly |
1.24% |
1.25% |
N/A* |
*APY = Annual Percentage Yield. Account pays interest on all balances. By law, account requires a high deductible health insurance account. Unlimited withdrawals for qualified medical expenses.
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