Current Rates

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

All rates subject to change

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 Money Market Rates as of March 24, 2017

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
$0.00 - $4,999.99 0.10% 0.10%
$5,000.00 - $24,999.99 0.35% 0.35%
$25,000.00 - $49,999.99 0.40% 0.40%
$50,000.00 and above 0.50% 0.50%

FMSB Current CD Rates as of March 24, 2017

$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 0.20% 0.20%
6 Month 0.40% 0.40%
12 Month 0.50% 0.50%
24 Month 0.75% 0.75%
36 Month 1.00% 1.00%
48 Month
*One rate change allowed during the first term.
0.90% 0.90%

FMSB Current IRA Rates as of March 24, 2017

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
0.65% 0.65%
0.65% 0.65%

FMSB Current HSA Checking Rates as of March 24, 2017

$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
$0.00 - $499.99 0.15% 0.15%
$500.00 - $9,999.99 0.30% 0.30%
$10,000.00 and above 0.65% 0.65%