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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
- Daily balance of only $200 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 banks’ ATM’s. 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 (by authorized debit, telephone transfer, ACH). Up to three of your six transfers can be by check, draft, or debit card. 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 Card1, 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.
Three of these can be by checks or other third-party transfers drawn on your Money Market Plus account . $5 fee any month you exceed the 3-check limit.
- Activity shown on your monthly statement
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