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 August 19, 2017

30 Year Fixed Rate

Rate Annual Percentage Rate
3.500% 3.586%

20 Year Fixed Rate

Rate Annual Percentage Rate
3.250% 3.369%

15 Year Fixed Rate

Rate Annual Percentage Rate
3.125% 3.278%

FMSB Money Market Rates as of August 19, 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 0.40% 0.40%
$25,000.00 - $49,999.99 0.50% 0.50%
$50,000.00 and above 0.60% 0.60%

FMSB Current CD Rates as of August 19, 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 0.50% 0.50%
6 Month 0.75% 0.75%
10 Month
*Renews for 6 months
1.25% 1.25%
12 Month 1.00% 1.00%
24 Month 1.40% 1.40%
36 Month 1.76% 1.75%
48 Month
*One rate change allowed during the first term.
1.76% 1.75%
60 Month 2.01% 2.00%

FMSB Current IRA Rates as of August 19, 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%
1.00% 1.00%