Certificates of Deposit

Traditional Fixed-Rate CDs

When it comes to saving money for the future, you are looking for a safe place and the best rate. At Farmers & Merchants Bank, we offer a full range of Certificates of Deposit (CDís) to meet your needs. With a minimum opening deposit of $1,000 you may select a term from 6 months to 60 months.

See our Rate Sheet for current terms and interest rates.

SPECIAL RATES - We are offering a limited-time CD with especially great rates. Click Here to learn all about it!

All Farmers & Merchant CDís are F.D.I.C. insured to the extent allowed by law.


  • 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 monthís interest on certificates with 60 month maturity. Minimum penalty is $10.00.

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Indexed CDs

Tired of the Ups and Downs in the Market?
Introducing...Farmers & Merchants Bank Dow Jones Industrials Indexed CD

The new Farmers & Merchants Bank Dow Jones Industrials Indexed CD is a worry-free way to invest your money. Now you can enjoy the benefits of the stock market without the risks! Each five-year investment is FDIC insured...which means when the market is up; your money is on the rise. When the market is down, your original investment is safe and sound!

Farmers & Merchants Bank Dow Jones Industrials Indexed CD features a number of unique benefits:

Unlimited Upside Returns
No Risk to Principal
FDIC Insurance
No Sales or Management Fees
Peace of Mind!

Farmers & Merchants Bank Dow Jones Industrials Indexed CD is the best combination of earnings potential and security. This hybrid deposit product gives you the chance to participate in market gains, but provides you the assurance that you won't lose a dime on your original deposit when held to maturity. The Farmers & Merchants Bank Dow Jones Industrials Indexed CDís interest rate will be based on the performance of the Dow Jones Industrials Average over a five-year term which provides an opportunity to achieve higher than fixed rate returns.

One of the primary benefits of Farmers & Merchants Bank Dow Jones Industrials Indexed CD is that it is FDIC insured. FDIC insurance guarantees your principal just like traditional CDs have done allowing you to invest without the risk associated with other investments.

Farmers & Merchants Bank Dow Jones Industrials Indexed CD comes along at a unique time as well. With recent volatility in the stock market, an insured deposit of this type provides peace of mind for you. It can serve a large variety of savings needs with a low minimum investment of $1,000 and no sales fees or charges which puts your entire deposit to work for you.

Don't risk your money; reward it with a Farmers & Merchants Bank Dow Jones Industrials Indexed CD. Come by any branch office to find out the details or open an account.

*An Annual Percentage Yield is not available for this certificate of deposit
**There may be loss of principal if withdrawn prior to maturity

Your Investment is Safe and Sound...Guaranteed!

Access Multi-Million-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 CDís. 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.

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