Farmers & Merchants Savings Bank offers several personal savings account options to help with your savings goals.
General Features and Benefits
Achieve your financial goals with this savings account earning a competitive interest rate.
Special custodial savings account for minors. Allows parents or other custodians the ability to accumulate money for their children's future. A custodial account is used to hold and protect assets for a minor until they reach the age of majority.
A convenient way to save for the holidays, this account offers a competitive interest rate with funds disbursed annually in October - just in time for holiday shopping. Choose your direct deposit frequency or make over-the-counter deposits whenever convenient.
FMSB Money Market
Earn a competitive interest rate, credited monthly, on this tiered money market account which combines check writing capability with interest earning potential.
|FMSB Money Market|
|Minimum to Open Account||$100||$10||None||$5,000|
|Minimum Balance to Avoid Minimum Balance Fee1||$100||$10||None||$500|
|Minimum Balance Fee||$5||$1||None||$5*|
|Transaction Limitations||3 FREE debits per month||3 FREE debits per month||Unlimited deposits allowed; No withdrawals until annual maturity||3 FREE debits per month|
|Account Statements||Quarterly or monthly||Quarterly or monthly||Quarterly or monthly||
Quarterly or monthly
|Interest Crediting Frequency||Semi-Annually||Semi-Annually||Semi-Annually||
- Limitations on frequency of transfers - See account disclosure for restrictions and transfer limitations applicable to this account.
- Quarterly statements will be provided unless combined with a checking statement when applicable or due to EFT activity
- ATM Card Available to qualified accountholders. Other fees/charges may apply as disclosed at the ATM terminal.