Performance Checking

An account that acknowledges you.

When you perform well, you expect to be acknowledged. That’s why we're introducing Performance Checking to recognize customers who go the extra mile. 

Maximize Your Earning Potential

What you earn is up to you. During each statement cycle*, Performance Checking account holders have an opportunity to qualify for a higher rate of interest. When you meet the following criteria, it's easy to make the most of your money. 

• Have at least 10 debit card point-of-sale transactions post and clear
• Have at least one direct deposit or automatic payment (ACH) post and clear
• Log in at least once to your Personal Online Banking account
• Receive monthly eStatements

Didn't meet the qualifications this month? You'll still earn a competitive rate on your account balance. Plus, you can try again each consecutive month to earn the higher rate.

Features of F&M's Performance Checking account include: 

• Earn a high interest rate on balances up to $25,000.
• Low minimum opening deposit of $250.
• No monthly service charge

You will also receive these benefits FREE!:

• VISA® Debit Card with CardValet® & uChoose Rewards®
• Online Banking
• Bill Pay
• Mobile Banking with Mobile Deposit
• eStatements with online check images

Plus, F&M automatically refunds nationwide ATM surcharge fees up to $20 each month.

Open Performance Checking Today!

Performance Checking: To be eligible for a Performance Checking account you must receive monthly electronic statements. If you decide to opt-out of electronic statements, you will no longer be eligible for this product. This account is only available to consumers, limit (2) per household. To open the account, you must deposit a minimum of $250.00. No monthly service charges apply.

Eligibility Requirements to qualify for higher interest rates: You must meet the following requirements per a statement cycle: Ten (10) debit card transactions must post and clear, One (1) monthly automated clearing house (ACH) debit or credit. Enroll in F&M Bank’s Personal Online Banking, and log in a minimum of One (1) time per statement cycle. The Performance Checking account statement cycle will begin on third Tuesday of each month.

Rate Information: The interest rate and annual percentage yield (APY) for these tiers may change. A minimum account balance of $1.00 is required to earn interest. If customer does not meet their eligibility requirements, the interest rate of 0.50% with a 0.50% (APY) is applied to all balances. The following Performance Checking interest rates are earned if all eligibility requirements are met. Tier 1. An interest rate of 3.93% will be paid on the entire portion of your daily balance $25,000.00 or less. The APY for this tier is 4.00%. Tier 2. An interest rate of 1.98% will be paid for that portion of your daily balance that is greater than $25,000.00. The APY for this tier will range from 4.00% to 2.50%, depending on the balance in your account. The monthly statement will show a blended rate of interest. The monthly APY is accurate as of 09/04/2024. Your interest rate and annual percentage yield are subject to change. Fees may reduce earnings. All applicants must meet F&M Bank’s account opening requirements. Some restrictions may apply.