Certificates of Deposit
As a business, you need flexibility when investing your funds. Farmers & Merchants Bank offers a term selection on our Commercial Certificates of Deposit from 6 to 60 months. Our low minimum opening deposit requirement of $1,000 means you can invest a little or a lot.
- Interest can be compounded back into the CD balance or paid Monthly, Quarterly, or at Maturity
- Interest may be directly deposited into a separate Farmers & Merchants account or paid by check quarterly (if CD balance is $5,000 or more).
- Interest rate is fixed for the term of the CD.
- Automatically renewable after 10 day grace period
- Maturity notice mailed 10 days prior to maturity
Early withdrawal will result in forfeiture of three month's interest on certificates with maturities up to 60 months, and six month’s interest on certificates with 60 month maturity. Minimum penalty is $10.00.Early withdrawal will result in forfeiture of three month's interest on certificates with maturities up to 60 months, and six month’s interest on certificates with 60 month maturity. Minimum penalty is $10.00.
Jumbo Certificates of Deposit are available at certain times on amounts of $100,000 and Greater – just contact us or call one of our branches for details!!
See our Rate Sheet for current terms and interest rates.
All Farmers & Merchant CD’s are F.D.I.C. insured.
Access Multi-Millon-Dollar FDIC Insurance
FDIC Insurance coverage is an important benefit of banking with Farmers & Merchants Bank. You can rest assured that your deposits are safe and secure. Click here to visit the FDIC website and learn more about how your deposits are insured.
Some customers need more coverage than the $250,000 per bank provided by FDIC. Farmers & Merchants Bank provides access to multi-million-dollar FDIC insurance through participation in the CDARS® Network for bank CD’s. You work directly with just one bank - our bank - and receive one statement for all your CDARS deposits. Click here to learn all about CDARS.
Limits apply. Funds may be submitted for placement only after a depositor enters into a CDARS Deposit Placement Agreement with us. The agreement contains important information and conditions regarding the placement of funds by us. CDARS is a registered service mark of Promontory International Network, LLC.