Accounts
WHAT ACCOUNT IS IN YOUR BEST INTEREST?
When you trust your money to a bank, you want to be sure it's in an account that's right for you. One that gives you the most for what you need. That's exactly why Farmers and Merchants State Bank has so many accounts to choose from. From Regular Checking to a Money Market Savings, you'll find the one account that has your best interest at heart.
Checking Savings
Regular Checking Regular Savings
Now Checking Money Market Savings
Student Checking Rainbow Savings
Free Checking Christmas Club Savings
Set Six Checking
Super Senior Checking
Regular Checking**
Now Checking**
-
Deposit $900.00 to open
- Monthly Maintenance Charge of $5.00 will be imposed every statement cycle if the daily balance falls below $900.00 any day of the statement cycle.
-
Does bear interest, provided you maintain a minimum daily balance of $900.00 in the account each day, you will obtain the disclosed annual percentage yield. Below $900.00, no interest is paid.
Student Checking
Free Checking**
-
Deposit $50.00 to open
- No Monthly Maintenance Charge
-
Does not bear interest
Set Six Checking**
-
Deposit $50.00 to open
- Monthly Maintenance Charge - $6.00
-
Does not bear interest
Super Senior Checking**
-
Deposit $50.00 to open
- No Monthly Maintenance Charge
-
Must be 55 years or older
-
Does bear interest, provided you maintain a minimum balance of $500.00 in the account each day, you will obtain the disclosed annual percentage yield.
Regular Savings*/**/***
Money Market Savings*/**/***
Rainbow Savings*/***
-
Deposit $50.00 to open
- Must be 18 years or younger. At age 19 you will need to come in and select an account or we will change the account to a Regular Savings.
Christmas Club Savings*/**/***
*Federal regulation limits the number of drafts, telephone transfers, online transfers and preauthorized electronic transfers to third parties. You are limited to six such transactions each month for purposes of making a payment to a third party or by use of a telephone or computer.
**A dormant account fee of $5.00 per statement cycle will be charged after 24 months of inactivity unless your average daily balance for the statement cycle is greater than $50.00.
***All savings accounts will have a $30.00 fee for a return of an ACH item.
|