Farmers & Merchants State Bank Est. 1904

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

  • Minimum Balance - $300.00
  • Monthly Maintenance Charge - $1.00
  • 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.
  • Does not bear interest


Now Checking
 

  • Minimum Balance -  $900.00
  • 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.
  • 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
 

  • No Minimum Balance
  • No Monthly Maintenance Charge
  • 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.
  • Does not bear interest


Free Checking
  • No Minimum Balance
  • No Monthly Maintenance Charge
  • Does not bear interest


Set Six Checking
 

  • No Minimum Balance
  • Monthly Maintenance Charge - $6.00
  • Does not bear interest


Super Senior Checking

  • No Minimum Balance
  • 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
 

  • Minimum Balance - $5.00


Money Market Savings
 

  • Minimum Balance - $5.00
  • Rate of interest depends on deposit balance.


Rainbow Savings
 

  • Minimum Balance - $1.00
  • Must be 18 years or younger


Christmas Club Savings
 

  • Minimum Balance - $5.00
  • The balance of the account as of September 30th will be mailed to you by November 1st each year