Account Rates

F&M Bank provides many different account options so you can invest your money how works best for you and have access to it when needed. Take a look at these account options for our current rates.

Account Rates

Effective 10/26/2022

Annual Percentage Yields are accurate as of 10/26/2022

CD Special

Term	Minimum Deposit*	Compounds	Interest Rate	APY**
6 Months***	$1,000.00	Quarterly	3.11%	3.15%

*New or Renewal Money. Early withdrawal will result in a 90-day interest penalty.
**APY = Annual Percentage Yield
***One Step-up after 60 days and no special withdrawal terms.

CDS/IRAS

Term	Minimum Deposit*	Compounds	Interest Rate	APY**
3 Months	$1,000.00	Quarterly	1.24%	1.25%
6 Months	$1,000.00	Quarterly	1.49%	1.50%
9 Months	$1,000.00	Quarterly	1.74%	1.75%
12 Months***	$1,000.00	Quarterly	2.23%	2.25%
18 Months***	$1,000.00	Quarterly	2.48%	2.50%
24 Months***	$1,000.00	Quarterly	2.72%	2.75%
36 Months***	$1,000.00	Quarterly	2.97%	3.00%
48 Months***	$1,000.00	Quarterly	3.21%	3.25%
60 Months	$1,000.00	Quarterly	3.46%	3.51%

* Substantial Penalty For Early Withdrawal
** APY = Annual Percentage Yield
*** One Step Up available to a higher board rate of the same term after 6 months. One withdrawal of up to 50% of the principal balance after 6 months, penalty free. Call for details.

IRA Plus

Balance	Compounds	Interest Rate	APY*
$0 - $2,999.99	Quarterly	0.25%	0.25%
$3,000.00 - $9,999.99	Quarterly	0.25%	0.25%
$10,000.00 - $24,999.99	Quarterly	0.25%	0.25%
$25,000.00 - $49,999.99	Quarterly	0.50%	0.50%
$50,000.00 - $99,999.99	Quarterly	0.60%	0.60%
$100,000.00+	Quarterly	0.65%	0.65%

* APY = Annual Percentage Yield. Interest rate is variable and may change after the account is opened.

Checking

50+ Interest Checking

Balance	Compounds	Interest Rate	APY*	Service Charge
$0+	Monthly	0.25%	0.25%	N/A

VIP Interest Checking

Balance	Compounds	Interest Rate	APY*	Service Charge
$0+	Monthly	0.25%	0.25%	$8.00 Monthly Maintenance Fee

Interest earned on total balance. At our discretion, we may change the balance tier on your account at any time. A 30-day notice will be provided for these changes.

*APY = Annual Percentage Yield Interest rate is variable and may change after the account is opened. Fees may reduce earnings.

VIP Platinum Interest Checking

Balance	Compounds	Interest Rate	APY*	Service Charge
$0+	Monthly	0.25%	0.25%	$12.00 Monthly Maintenance Fee

Interest earned on total balance. At our discretion, we may change the balance tier on your account at any time. A 30-day notice will be provided for these changes.

*APY = Annual Percentage Yield Interest rate is variable and may change after the account is opened. Fees may reduce earnings.

Choice Interest Checking

Balance	Compounds	Interest Rate	APY*	Service Charge
$0 - $2,499.99	Monthly	0.10%	0.10%	$8.00 if balance falls below $2,500
$2,500.00 - $24,999.99	Monthly	0.25%	0.25%	N/A
$25,000+	Monthly	0.50%	0.50%	N/A

Choice Business Interest Checking

Balance	Compounds	Interest Rate	APY*	Service Charge
$0 - $2,499.99	Monthly	0.50%	0.50%	$8.00 if balance falls below $2,500
$2,500.00+	Monthly	0.50%	0.50%	N/A

*APY = Annual Percentage Yield. Tiered interest - Interest earned on total balance. Interest rate is variable and may change after the account is opened. Earnings are credited monthly. Fees may reduce earnings.

Money Market

Choice Money Market

Balance	Compounds	Interest Rate	APY*	Service Charge
$0 - $24,999.99	Monthly	0.30%	0.30%	$12.00 if balance falls below $2,500.00
$25,000.00 - $49,999.99	Monthly	0.40%	0.40%	N/A
$50,000.00 - $99,999.99	Monthly	0.60%	0.60%	N/A
$100,000.00 - $499,999.99	Monthly	0.85%	0.85%	N/A
$500,000.00 - $999,999.99	Monthly	1.00%	1.01%	N/A
$1,000,000.00 +	Monthly	1.25%	1.26%	N/A

*APY = Annual Percentage Yield. Interest rate is variable and may change after the account is opened. Fees may reduce earnings.

Savings

Smart Savings (Consumer & Business)

Balance	Compounds	Interest Rate	APY*	Service Charge
$0+	Quarterly	0.25%	0.25%	$2 for each withdrawal/transfer over 6 per month

*APY = Annual Percentage Yield. Interest rate is variable and may change after the account is opened. Interest rate is paid for balances over $1.00. There is a charge of $2.00 per withdrawal/transfer in excess of 6 per month. Fees may reduce earnings.

Youth Savings

Balance	Compounds	Interest Rate	APY*	Service Charge
$0+	Quarterly	0.25%	0.25%	$2 for each withdrawal/transfer over 6 per month.

*APY = Annual Percentage Yield. Youth Savings for under age 20. Account pays interest on all balances. Interest rate is variable and may change after the account is opened. Fees may reduce earnings.

Health Savings Account

Balance	Compounds	Interest Rate	APY*	Service Charge
$0+	Monthly	0.25%	0.25%	N/A

*APY = Annual Percentage Yield. Interest rate is variable and may change after the account is opened. Fees may reduce earnings. Account pays interest on all balances. By law, account requires a high deductible health insurance account. Unlimited withdrawals for qualified medical expenses. Minimum $50 opening balance.

Account Rates

Account Rates

CD Special

CDS/IRAS

IRA Plus

Checking

50+ Interest Checking

VIP Interest Checking

VIP Platinum Interest Checking

Choice Interest Checking

Choice Business Interest Checking

Money Market

Choice Money Market

Savings

Smart Savings (Consumer & Business)

Youth Savings

Health Savings Account

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