F & M Bank - Established 1893
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Personal Banking > CD's and IRA's
 

Savings | Checking | IRAís & CDís | Other Services | Rates
 
Plan for the future with our CDís 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 rates.

CDís  |  IRAís

CDís
The following minimum balances are required to open a CD and must be maintained in order to receive the annual percentage yield:
 

Jumbo (14 day to 1 year) $100,000.00
10 day $2,500.00
30 day to 5 year $1,000.00

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 account.

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 redemptions.

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 income.

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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FDIC & EHL