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Savings

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apply now F&M Bank & Trust offers savings accounts to help you reach your financial goals.

 

Regular Savings Prime Plus
(Insured Money Market)
Dream Big Account Christmas Club Account
Minimum Balance to Open
$100 $2,500 $50 $10
Daily Minimum Balance
$100 $2,500 No daily minimum balance required No daily minimum balance required
Fees
- $3 Per month service charge if balance falls below $100 any day of the statement cycle

- $1 for each debit item in excess of five per month
- $10 service charge if balance falls
below $2,500 any day of the statement cycle.
- $5 for each debit item in excess of
3 per quarter
 
Interest Bearing
- Interest paid quarterly - Interest paid monthly

- Tiers
$2,500 - $24,999
$25,000 - $49,999
$50,000 - $74,999
$75,000 or more
- Interest paid quarterly -The Bank will make the 51st payment if all payments have been made as scheduled.
Additional Features
- Service charge waived for
children under 18 years of age

- Quarterly statement issued
- Monthly statement

- Checks will be stored in check image archive
- Client must be 22 years or younger

- Account reverts to regular savings
on client's 23rd birthday
- With 50 weekly consecutive deposits,
F&M Bank & Trust will make the 51 deposit

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Certificates of Deposit

Be in control of a guaranteed monetary return when you use any of our Certificate of Deposits.  We offer competitive rates and a variety of long and short-term CDs to choose from.  Stop in and speak with any of our in-house Client Service Representatives.

 

Time Certificates of Deposit / IRA's****
Deposit Rates Effective
  APY**
3 months 0.14%
6 months 0.19%
9 months 0.20%
12 months 0.21%
18 months 0.25%
17 Month Special 0.31%
24 months 0.28%
30 months 0.32%
36 months

0.37%

39 Month Special 0.48%
4 years 0.50%
5 years 0.62%
IRA Variable***
tied to savings
0.10%
**APY - Annual Percentage Yield,
*** The rate may change after the account is opened.
****Penalty for early withdrawal.
Fees could reduce earnings on the account.
$500 minimum balance to open

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Individual Retirement Account

Its never too early or too late to begin saving for retirement.  The time is perfect for you to speak to a F&M Bank & Trust IRA representatives.  F&M IRA Representatives are skilled and dedicated to helping you reach your financial goal.  Stop in to speak with any of our in-house Client Service Representatives.

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