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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.
FEATURES:
- 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
Penalties:
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.
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