Checking Accounts
Account Type Balance Requirement to Obtain APY Interest Rate Annual Percentage Yield Balance Requirement to Avoid Service Charges Monthly Service Charge
Regular Checking - Personal None N/A N/A None None
Interest Checking - Personal and Sole Proprietorships Daily balance $1,000 + .15% .15% Average balance $1,000 $10
Kasasa Cash® Checking Up to $15,000 receive 1.9917% 2.01% None None
 

Qualifications not met during cycle; all balances:

0.03% .03% None None
           
Regular 50 Checking - Age 50 or more - Personal None N/A N/A N/A N/A
Free Business Checking** N/A N/A N/A N/A - activity limits  
Commercial Checking N/A N/A N/A Activity and balances are analyzed  

Rates effective as of September 20, 2017

* Balances over $15,000 earn .10% interest rate on the portion of the balance over $15,000, resulting in range from 2.01% to .3491% APY depending on the account’s balance. 

Interest eligibility qualifications during each qualification cycle:

  1. Have at least 12 debit card purchases
  2. At least one ACH auto-debit/credit or direct deposit
  3. Be enrolled in and agree to receive e-Statements (setup in Netteller online banking)

**Limited activity - 1,000 total transactions including checks paid, deposits, deposited items.
Rates are subject to change after the account is opened.
Fees may reduce earnings on interest bearing accounts.




 

Savings Accounts
Account Type Balance Requirements To Obtain APY Interest Rate Annual Percentage Yield Balance Requirements To Avoid Service Charges Service Charge
New Beginnings Savings - Bridal Registry $10-$3,500 1.24% 1.25% None; $10 to open N/A
  Over $3,500 .15% 1.25 - .18% None N/A
Treehouse Savings Club - Age 6-18

$5 - $1,000

1.24%

1.25%

None; $5 to open

N/A

Kasasa Saver®*** Up to $85,000 1.005400% 1.01% None N/A
  Over $85,000 .25% .25% None N/A
Premium Savings Up to $9,999 .25% .25% Quarterly average $100 $10/qtr.
  $10,000 - $24,999 .25% .25% Quarterly average $100 $10/qtr.
  $25,000 - $49,999 .25% .25% Quarterly average $100 $10/qtr.
  $50,000 and Over .35% .35% Quarterly average $100 $10/qtr.
F&M Money Market**** $0 - $24,999 .15% .15% Monthly average $10,000 $10/mo.
  $25,000 - $49,999 .15% .15% Monthly average $10,000 $10/mo.
  $50,000 - $149,999 .20% .20% Monthly average $10,000 $10/mo.
  $150,000 - $249,999 .25% .25% Monthly average $10,000 $10/mo.
  $250,000 and over .35% .35% Monthly average $10,000 $10/mo.
F&M Money Market Plus**** $1,000 - $24,999.99 .15% .15% Monthly average $1,000 $10/mo.
  $25,000.00 - $49,999.99 .15% .15% Monthly average $1,000 $10/mo.
  $50,000 - $99,999.99 .20% .20% Monthly average $1,000 $10/mo.
  $100,000 - $249.999.99 .25% .25% Monthly average $1,000 $10/mo.
  $250,000.00 and above .35% .35% Monthly average $1,000 $10/mo.
Christmas Club Savings Open until maturity .25% .25% Forfeit interest if cashed prior to maturity N/A

Rates effective as of September 20, 2017

*** If tied to a Kasasa Cash® or Kasasa Cash Back® checking account. Balances in your Kasasa Saver account up to $85,000 receive APY of 1.01%; and balances over $85,000 earn .25% interest rate on the portion of the balance over $85,000, resulting in range from 1.01% to .5994% APY depending on the account’s balance.

Interest eligibility qualifications during each qualification cycle:

•    At least 12 check card purchases 
•    At least 1 direct deposit or automatic payment (ACH)
•    Be enrolled and agree to receive eStatements 

See website for complete details.
Kasasa Cash information https://www.fmbankva.com/personal/checking-accounts/kasasa-cash
Kasasa Cash Back information https://www.fmbankva.com/personal/checking-accounts/kasasa-cash-back/

****Limited check writing.
Rates are subject to change after the account is opened.
Fees may reduce earnings on the account.

 

 

 

 

 

Certificates of Deposit
Special Rates on CDs and Home Equity Lines of Credit

Term Minimum Deposit Interest Rate Annual Percentage Yield
182 Days $1,000 .25% .25%
12 Month $1,000 .45% .45%
18 Month* $1,000 .65% .65%
24 Month $1,000 .60% .60%
30 Month $1,000 .65% .65%
30 Month Special** $1,000 1.20%** 1.21%**
33 Month Special*** $1,000 1.84*** 1.85***
36 Month $1,000 .80% .80%
48 Month $1,000 1.15% 1.15%
60 Month $1,000 1.50% 1.51%

Rates effective as of September 20, 2017

Penalty for early withdrawal.
*One penalty-free withdrawal allowed after 6 months
** 30 month certificate receives one penalty-free withdraw after 15 months. CDs with terms of 18 months or longer receive a .10% rate increase with accompanying checking account. Subject to change. At maturity, this CD will convert to a regular 24 month certificate.
***At maturity, this CD will convert to a 30 month certificate. 1.85% APY with an F&M Bank consumer checking account relationship, or a 1.60% APY without an F&M Bank consumer checking account. Offer valid for personal, consumer deposit accounts. Qualifications apply.