Accounts to Focus Your Savings
Sometimes, you want to save more aggressively and are looking for a higher interest rate than what you find in most traditional saving accounts. A certificate of deposit from Farmers & Merchants State Bank allows you to choose a term that works for you, and earn more interest on your balance. If you would like to open a CD account, please complete our online inquiry form to get started.
Account Inquiry Form Open an Account in Person Current RatesCD Account Features
- Terms range from 91 days to 5 years
- Rate is based on term length
- Early withdrawal of funds is subject to penalty
- At maturity, interest can be paid via automatic transfer to another account, by check, or by adding it to your CD’s original balance.
Current CD Specials
- 90 Day CD Option: 9 month term CD can deposit or withdraw balance, without penalty, at each 90 day anniversary upon request of account holder. If entire balance is not withdrawn, the $5,000 minimum balance must be maintained.
- 20-Month Dream Builder CD: Just $20 to open, this CD requires an automatic deposit of at least $20 per month.
- 25-Month CD: This CD requires a $5,000 opening deposit. Interest for this special CD is compounded annually.
- 29-Month Trade-Up: Rate change upon request of one account holder, one time during term of CD to rate available for 24 month term at time of rate change.
- Reverse CD: A Certificate of Deposit that can provide a monthly bridge for the gap between future retirement, pension or social security by supplementing your income with fixed monthly funds from your certificate of deposit. 24, 36, 48 and 60-month terms available. It's a recession-proof paycheck. Get growth, security and income. $5,000 minimum balance to open.
