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 -  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
           
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 12, 2018

* 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
  Over $3,500 .15% 1.25 - .18% None N/A
Treehouse Savings Club - Age 6-18

$5 - $5,000

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 Special***** $10.00 1.776% 1.79% 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 12, 2018

*** 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.

*****The interest rate on this account is 1.776% with an annual percentage yield of 1.79%.
The special APY will be paid on new Money Market accounts opened between 08/01/18 to 04/15/19. A $10.00 deposit is required to open this account. A monthly service fee of $10.00 will be imposed monthly on the statement cycle if the average daily balance for the monthly statement cycle fall below $1,000.00. Effective 04/16/19, this Money Market special rate will automatically convert to our Money Market Plus account with the rate tiers in effect at that time. Please refer to the disclosures provided upon account opening for current Money Market Plus tiers and fees associated with this 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 .90% .90%
18 Month* $1,000 1.25% 1.26%
24 Month $1,000 .60% .60%
30 Month Special** $1,000 1.75%** 1.76%**
33 Month Special*** $1,000 2.25%*** 2.27%***
36 Month $1,000 .80% .80%
48 Month $1,000 1.15% 1.15%
60 Month $1,000 2.50% 2.52%

Rates effective as of September 12, 2018

Penalty for early withdrawal. CDs with terms of 18 months or longer receive a .10% rate increase with accompanying checking account.
*One penalty-free withdrawal allowed after 6 months
**30 month certificate receives one penalty-free withdraw after 15 months. 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 at current market rates.

***2.27% APY with an F&M Bank consumer checking account relationship, or a 2.02 %APY without an F&M Bank consumer checking account. Offer valid for personal, consumer deposit accounts. Qualifications apply