Business Savings

Every business needs the opportunity to convert idle cash into an interest bearing asset. Farmers & Merchants Bank has the perfect opportunity for your business to do just that. With one of our business savings accounts, you can invest excess business funds and get a return for your business.

All Farmers and Merchants savings accounts are insured by F.D.I.C.

Premium Savings (for businesses)

Your interest rate increases as your balance grows. See our Rate Sheet for current interest rates and related balances.

  • Tiered interest rate based on daily balance
  • Low $10 Minimum Balance to earn interest
  • Low initial opening deposit of $10
  • Quarterly average balance of only $100 waives the service charge of $10 per quarter.
  • Service charges waived for non-profit organizations.
  • Interest earned is compounded daily, credited quarterly.
  • Free and easy transferring between accounts to manage bills using NetTeller Online Banking or Instant InfoLine telephone banking
  • Activity Summary shown on your annual statement which is produced the end of May each year

1No fee charged by Farmers & Merchants Bank for transactions at other banksí ATMís. Other ATM owners may charge a fee.

Money Market Accounts

Any entity or individual is also eligible to open Money Market accounts, with the same terms given to individual account holders.

These accounts have limited check writing privileges. Up to six transfers are allowed per statement cycle to another account or to third parties. These can be by check, draft,  authorized debit, telephone transfer, ACH, or debit card. (There is a $5 fee any month you exceed the 6-transaction limit).  Your interest rate increases as your balance grows. See our Rate Sheet for current interest rates and related balances.

Platinum Money Market

  • Premium interest rate is tiered and based on daily balance
  • All balances earn interest
  • Average balance of only $10,000 waives the service charge of $10 per month.
  • Interest earned is compounded daily, credited monthly.
  • Free and easy transferring between accounts to manage bills using your ATM or VISA Check Card, NetTeller Online Banking, or InfoLine telephone banking
  • Access funds at any ATM
  • Activity Summary shown on your monthly statement

Money Market Savings Plus

  • Tiered interest rate based on daily balance
  • Interest earned on balances $1,000 and more
  • Average monthly balance of only $1,000 waives the service charge of $10 per month.
  • Interest earned is compounded and credited monthly.
  • Access your funds as often as needed at bank teller windows
  • Up to 6 electronic withdrawals and/or transfers per month, which can be by checks or other third-party transfers drawn on your Money Market Plus account . $5 fee any month you exceed the 6-transaction limit.
  • Activity shown on your monthly statement


FDIC Insurance - Expanded Coverage Up to $50 Million

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 full FDIC insurance coverage up to $50 million through participation in the CDARS network for bank CDís (Certificate of Deposit Registry Service). You donít need to open accounts at multiple banks for expanded coverage; open all your accounts here and simplify your finances. Click here to learn all about CDARS.

205 S. Main St.     P.O. Box 1111     Timberville, VA 22853     (540) 896-8941