Current Rates

Farmers & Merchants Savings Bank offers competitive rates on our financial products.  Check them out below!

All rates subject to change

Call (888) 568-2265 for details on credit costs and terms.

 

If you wish to speak to a mortgage loan officer please contact us at:

Waukon: (563) 568-3417

Decorah: (563) 382-3837

Download and complete our real estate application here.

Completed applications can be faxed to (563) 568-6225

FMSB Mortgage Rate Indications as of February 21, 2018

30 Year Fixed Rate

Rate Annual Percentage Rate
4.250% 4.340%

20 Year Fixed Rate

Rate Annual Percentage Rate
4.000% 4.121%

15 Year Fixed Rate

Rate Annual Percentage Rate
3.875% 4.031%

FMSB Money Market Rates as of February 21, 2018

Interest rates may vary and fees could reduce earnings
$5,000 minimum deposit required to open an account

FMSB Money Market Rate Report
Account Balance Tier Annual Percentage Yield Interest Rate
$0.01 - $5,000.00 0.10% 0.10%
$5,000.01 - $25,000.00 0.40% 0.40%
$25,000.01 - $50,000.00 0.50% 0.50%
$50,000.01 and above 0.60% 0.60%

FMSB Current CD Rates as of February 21, 2018

$500 minimum deposit required to open an account
Fees could reduce earnings on the account • Subject to early withdrawal penalty

CD Term Annual Percentage Yield Interest Rate
3 Month 0.50% 0.50%
6 Month 0.75% 0.75%
10 Month
*Renews for 6 months
1.35% 1.35%
12 Month 1.20% 1.20%
14 Month
*Renews for 12 months
1.71% 1.70%
24 Month 1.61% 1.60%
27 Month
*Renews for 24 months
2.01% 2.00%
36 Month 1.76% 1.75%
48 Month
*One rate change allowed during the first term.
1.86% 1.85%
60 Month 2.01% 2.00%

FMSB Current IRA Rates as of February 21, 2018

Term – 12 Month
No minimum deposit required to open an account
Fees could reduce earnings on the account • Subject to early withdrawal penalty

FMSB Current IRA Rate Report
Annual Percentage Yield Interest Rate
1.25% 1.25%
1.40% 1.40%

FMSB Current HSA Checking Rates as of February 21, 2018

$50 minimum deposit required to open an account
Interest rates may vary and fees could reduce earnings

FMSB Current HSA Checking Rate Report
Account Balance Tier Annual Percentage Yield Interest Rate
$0.01 - $500.00 0.15% 0.15%
$500.01 - $10,000.00 0.30% 0.30%
$10,000.01 and above 1.26% 1.25%