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 March 18, 2019

30 Year Fixed Rate

Rate Annual Percentage Rate
4.000% 4.087%

20 Year Fixed Rate

Rate Annual Percentage Rate
3.875% 3.996%

15 Year Fixed Rate

Rate Annual Percentage Rate
3.750% 3.905%

FMSB Money Market Rates as of March 18, 2019

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 0.20% 0.20%
$5,000.01 - $25,000.00 0.50% 0.50%
$25,000.01 - $50,000.00 0.75% 0.75%
$50,000.01 and above 0.85% 0.85%

FMSB Current CD Rates as of March 18, 2019

$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 2.02% 2.00%
6 Month 2.01% 2.00%
10 Month
*Renews for 6 months
2.00% 2.00%
12 Month 1.40% 1.40%
14 Month
*Renews for 12 months
2.47% 2.45%
24 Month 1.76% 1.75%
27 Month
*Renews for 24 months
2.62% 2.60%
36 Month 1.91% 1.90%
48 Month
*One rate change allowed during the first term.
2.01% 2.00%
60 Month 2.26% 2.25%

FMSB Current IRA Rates as of March 18, 2019

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
1.76% 1.75%
1.86% 1.85%

FMSB Current HSA Checking Rates as of March 18, 2019

$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 1.76% 1.75%