Personal Banking > CD's and IRA's
IRA’s & CD’s
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|Plan for the future with our CD’s or an IRA. To
learn more about specific features, check out the
individual account types that interest you.
Please contact us directly for the current interest
Interest can be compounded, paid by check, or
directly deposited into your Farmers & Merchants
checking or savings account.
Assuming the interest is compounded, the annual
percentage yield will be earned. Interest payments
received in the form of a quarterly check or direct
deposit, will result in a lower yield on the
All CD interest rates will be fixed upon the term
and opening of the CD.
Upon maturity of the CD, a 10-day grace period is
granted to withdraw your funds without penalty.
If not redeemed, certificates will automatically
renew upon maturity of the CD. The certificate will
renew for a period equal to the original term.
Withdrawal penalties may be charged on all early
Until the CD matures, additional deposits into or
partial withdrawals from the CD may not be made.
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Individual Retirement Accounts
When planning your savings for retirement, consider
opening a Farmers & Merchants Bank IRA. We offer
short and long term Roth, Traditional and
Educational IRA's to meet your specific needs.
Contributions to an IRA may be fully or partially
tax-deductible, depending upon several things such
as marital status, participation in a company
pension plan, tax filing status and adjusted gross
It takes a good solid analysis to determine which
IRA is best for you. Therefore, please contact a
personal banking representative for additional
information, including IRA rollovers, early
withdrawal penalties, contribution limits and
general account requirements. Please contact your
tax advisor for questions pertaining to tax
deductibility of your contributions.
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