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.
On October 3, 2008, FDIC deposit insurance temporarily increased from $100,000 to $250,000 per depositor through December 31, 2013.
Farmers and Merchants State Bank is participating in the FDIC's Transaction Account Guarantee Program. Under that program, through December 31, 2010, all noninterest-bearing transaction accounts are fully guaranteed by the FDIC for the entire amount in the account. Coverage under the Transaction Account Guarantee Program is in addition to and separate from the coverage available under the FDIC's general deposit insurance rules.
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
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Minimum Balance - $300.00
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Monthly Maintenance Charge - $1.00
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A minimum balance fee of $2.00 plus $.25 per debit transaction will be imposed every statement cycle if the balance falls below $300.00 any day of the statement cycle.
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Does not bear interest
Now Checking
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Minimum Balance - $900.00
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Monthly Maintenance Charge - none, except $5.00 will be imposed every statement cycle if the balance falls below $900.00 any day of the statement cycle.
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Does bear interest, provided you maintain a minimum 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
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No Minimum Balance
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No Monthly Maintenance Charge
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Must be 22 years or younger. At age 22, you will need to come in and select an account or we will change the account to a Set Six account, which has a maintenance charge.
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Does not bear interest
Free Checking
Set Six Checking
Super Senior Checking
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No Minimum Balance
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No Monthly Maintenance Charge
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Must be 55 years or older
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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
Christmas Club Savings