Select A Savings Account To Suit Your Needs!

A sure way to secure your financial future is by SAVING today! There's nothing more rewarding than watching your MONEY GROW ... simply because you made a SMART CHOICE. Whether your savings mission is for a not so far off purchase or for a comfortable retirement ... your money is safe because it's FDIC insured for up to $100,000.
 

Choice Money Market ▪ Certificates of Deposit ▪ Retirement Accounts
 Savings Accounts ▪ Youth Savings

 

Choice Money Market

This is a smart investment choice if you want to earn market rates, but maintain total access to you money! This interest account is aggressively TIERED ... and allows you to earn near-CD interest rates. Yet, getting to your money is easy as writing a check ... or visiting an ExpressATM.

• Minimum Opening Deposit – $2,500
• Tiered Interest Rates – Paid on balances of $2,500 and above. As you increase your account balance, you’ll earn more! Your interest rate INCREASES based on the following tiers:
  • $ 2,500 - $ 9,999 
  • $ 10,000 - $ 24,999 
  • $ 25,000 - $ 49,999 
  • $ 50,000 - $ 99,999
  • $100,000 - $199,999
  • $200,000 and up

Any F&M Bank Customer Service Representative will be happy to provide current interest rates. Click here for Rates

• 24-Hour Access – Withdrawals can be made at any F&M Bank office or ExpressATM. You can even transfer funds in and out of your account via ExpressWEB Online Personal Banking and our toll-free ExpressPHONE.
• Deposits – Add to your balance anytime
• Withdrawals/Transfers – Up to six free transactions (three may be by check) are allowed each month. Unlike a CD, there are no penalties for early withdrawal Click here for Fees 
• Free Checks
• No Monthly Fees – On balances of $2,500 and above Click here for Fees
• Monthly Account Statements

Certificates of Deposit

If you want a guaranteed return on your investment, check into an F&M Bank Certificate of Deposit. CDs range from 90 days to five years, depending on the term and rate you desire. Contact any F&M Bank office for information on current and special CD rates.

• Minimum Investment – $1,000
• Rates – Interest rates vary according to investment amount and term Click here for Rates
• Access To Interest Earnings – Receive your interest by check (monthly, quarterly, semi-annually or annually) or by Direct Deposit into an F&M Bank checking or savings account
• Automatic Renewal – Renewal options sent by mail allow you to renew your CD at the new rate without a trip to the bank
• Service Charge – A penalty may be imposed for early withdrawals Click here for Fees

Retirement Accounts (IRAs)

Planning for retirement is the most important step you can take toward securing your financial future. And now, new legislation allows for INCREASED yearly tax-deductible IRA contributions. Let F&M Bank help you establish the appropriate Roth or SEP to secure your golden years ... or perhaps an Education IRA for your children. Regular contributions may lower your current tax bill. Plus, you may be able to earn a higher interest rate than with a non-retirement account (consult a qualified financial adviser for tax advice).

• Minimum Opening Deposit – $250
• Interest Earnings – Interest earnings are posted to your account quarterly
• Deposits – Can be made at any time
• Withdrawals – The IRS may impose a penalty for early withdrawals
• Account Statements – Mailed annually

IRA Plus

This unique TIERED IRA lets you start small and work your way up to significant retirement savings. With this flexible account, you make deposits as often as you choose!

• Opening Deposit – $100
• Interest Earnings – Interest earnings are posted to your account quarterly. IRA Plus is a tiered rate account that earns higher interest based on higher balances. Interest rates may reprice with the market.
  • $ 0 - $ 2,999
  • $ 3,000 - $ 9,999
  • $ 10,000 - $ 24,999
  • $ 25,000 - $ 49,999
  • $ 50,000 - $ 99,999
  • $100,000 and above
• Any F&M Bank Customer Service Representative will be happy to provide current interest rates. Click here for Rates
• Deposits – Can be made at any time
• Withdrawals – The IRS may impose a penalty for early withdrawals
• Account Statements – Mailed quarterly

Savings Account

Whether you are putting aside money for a rainy day or a major purchase down the road, this account will help you develop good savings habits while earning interest on your money

• Minimum Opening Balance – $100
• Access To Funds – If you have an F&M Bank checking account, you can make deposits and withdrawals at any F&M Bank office or at any 24 hour ExpressATM. Transfers in and out of your account can be made via ExpressWEB Online Personal Banking and ExpressPHONE. You can likewise get cash from your account at any VISA or Cirrus network ATM worldwide (fees may be charged by other banks for using their ATMs).
• Interest Earnings – Calculated daily and credited quarterly on balances of $500 and above
• Withdrawals – At least three allowed each quarter at no charge Click here for Fees
• Account Statements – Mailed quarterly
• No Service Charge – On account balances of $500 and above. There is no service charge for persons age 50 and above Click here for Fees

Youth Savings

The key to building good savings habits is to start young. F&M Bank offers this NO FEE savings account for persons under 21 years of age.

• Minimum Opening Balance – $50
• Interest Earnings – Calculated daily and credited quarterly on ALL BALANCES
• Withdrawals – At least three allowed each quarter at no charge Click here for Fees
• No Service Charge
• Account Statements – Mailed quarterly

Ask About These Other Savings Related Products

• Interest, E Interest and VIP50 Checking Accounts
• Safe Deposit Boxes – For your stocks, CDs and other valuable papers
• Direct Deposit – Of Social Security, pension, payroll and dividend checks
• Wire Transfers