Checking Accounts

Regular Checking - Personal

Balance Requirement to Obtain APY table arrow None
Interest Rate table arrow N/A
Annual Percentage Yield (APY) table arrow N/A
Balance Requirement to Avoid Service Charges table arrow None
Monthly Service Charge table arrow None

Interest Checking - Sole Proprietorships

Balance Requirement to Obtain APY table arrow Daily balance $1,000+
Interest Rate table arrow .15%
Annual Percentage Yield (APY) table arrow .15%
Balance Requirement to Avoid Service Charges table arrow Average balance $1,000
Monthly Service Charge table arrow $10.00

Kasasa Cash® Checking

Balance Requirement to Obtain APY table arrow Up to $15,000 receive
Interest Rate table arrow 1.9917%
Annual Percentage Yield (APY) table arrow 2.01%
Balance Requirement to Avoid Service Charges table arrow None
Monthly Service Charge table arrow None

Free Business Checking**

Balance Requirement to Obtain APY table arrow N/A
Interest Rate table arrow N/A
Annual Percentage Yield (APY) table arrow N/A
Balance Requirement to Avoid Service Charges table arrow N/A – activity limits
Monthly Service Charge table arrow

Commercial Checking

Balance Requirement to Obtain APY table arrow N/A
Interest Rate table arrow N/A
Annual Percentage Yield (APY) table arrow N/A
Balance Requirement to Avoid Service Charges table arrow Activity and balances are analyzed
Monthly Service Charge table arrow
Account TypeBalance Requirement to Obtain APYInterest RateAnnual Percentage Yield (APY)Balance Requirement to Avoid Service ChargesMonthly Service Charge
Account TypeBalance Requirement to Obtain APYInterest RateAnnual Percentage Yield (APY)Balance Requirement to Avoid Service ChargesMonthly Service Charge
Regular Checking – Personal table arrowNone N/A N/A NoneNone
Interest Checking – Sole Proprietorships table arrowDaily balance $1,000+ .15% .15% Average balance $1,000$10.00
Kasasa Cash® Checking table arrowUp to $15,000 receive 1.9917% 2.01% NoneNone
Qualifications not met during cycle; all balances .03% .03% NoneNone
Free Business Checking** table arrowN/A N/A N/A N/A – activity limits
Commercial Checking table arrowN/A N/A N/A Activity and balances are analyzed

Rates effective as of: April 17, 2019

* 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

Savings over $3,500

Balance Requirement to Obtain APY table arrow Over $3,500
Interest Rate table arrow .15%
Annual Percentage Yield (APY) table arrow 1.25% - .18%
Balance Requirement to Avoid Service Charges table arrow None
Monthly Service Charge table arrow N/A

Treehouse Savings Club: Age 6-18

Balance Requirement to Obtain APY table arrow $5 – $5,000
Interest Rate table arrow 1.24%
Annual Percentage Yield (APY) table arrow 1.25%
Balance Requirement to Avoid Service Charges table arrow None; $5 to open
Monthly Service Charge table arrow N/A

Kasasa Saver®*** Checking: Up to $85,000

Balance Requirement to Obtain APY table arrow Up to $85,000
Interest Rate table arrow 1.005400%
Annual Percentage Yield (APY) table arrow 1.01%
Balance Requirement to Avoid Service Charges table arrow None
Monthly Service Charge table arrow N/A

Kasasa Saver®*** Checking: Over $85,000

Balance Requirement to Obtain APY table arrow Over $85,000
Interest Rate table arrow .25%
Annual Percentage Yield (APY) table arrow .25%
Balance Requirement to Avoid Service Charges table arrow None
Monthly Service Charge table arrow N/A

Premium Savings: Up to $9,999

Balance Requirement to Obtain APY table arrow Up to $9,999
Interest Rate table arrow .25%
Annual Percentage Yield (APY) table arrow .25%
Balance Requirement to Avoid Service Charges table arrow Quarterly average $100
Monthly Service Charge table arrow $10/qtr.

Premium Savings: $10,000 - $24,999

Balance Requirement to Obtain APY table arrow $10,000 – $24,999
Interest Rate table arrow .25%
Annual Percentage Yield (APY) table arrow .25%
Balance Requirement to Avoid Service Charges table arrow Quarterly average $100
Monthly Service Charge table arrow $10/qtr.

Premium Savings: $25,000 - $49,999

Balance Requirement to Obtain APY table arrow $25,000 – $49,999
Interest Rate table arrow .25%
Annual Percentage Yield (APY) table arrow .25%
Balance Requirement to Avoid Service Charges table arrow Quarterly average $100
Monthly Service Charge table arrow $10/qtr.

Premium Savings: $50,000 and Over

Balance Requirement to Obtain APY table arrow $50,000 and Over
Interest Rate table arrow .35%
Annual Percentage Yield (APY) table arrow .35%
Balance Requirement to Avoid Service Charges table arrow Quarterly average $100
Monthly Service Charge table arrow $10/qtr.

F&M Money Market Special*****

Balance Requirement to Obtain APY table arrow $10.00
Interest Rate table arrow 1.776%
Annual Percentage Yield (APY) table arrow 1.79%
Balance Requirement to Avoid Service Charges table arrow Monthly average $1,000
Monthly Service Charge table arrow $10/mo.

F&M Money Market Special 500k*****

Balance Requirement to Obtain APY table arrow $10.00
Interest Rate table arrow 2.00%
Annual Percentage Yield (APY) table arrow 2.02%
Balance Requirement to Avoid Service Charges table arrow Monthly average $1,000
Monthly Service Charge table arrow $10/mo.

Christmas Club Savings

Balance Requirement to Obtain APY table arrow Open until maturity
Interest Rate table arrow .25%
Annual Percentage Yield (APY) table arrow .25%
Balance Requirement to Avoid Service Charges table arrow Forfeit interest if cashed prior to maturity
Monthly Service Charge table arrow N/A
Account TypeBalance Requirement to Obtain APYInterest RateAnnual Percentage Yield (APY)Balance Requirement to Avoid Service ChargesMonthly Service Charge
Account TypeBalance Requirement to Obtain APYInterest RateAnnual Percentage Yield (APY)Balance Requirement to Avoid Service ChargesMonthly Service Charge
Over $3,500 .15% 1.25% - .18% NoneN/A
Treehouse Savings Club – Age 6-18 table arrow$5 – $5,000 1.24% 1.25% None; $5 to openN/A
Kasasa Saver®*** Checking table arrowUp to $85,000 1.005400% 1.01% NoneN/A
Over $85,000 .25% .25% NoneN/A
Premium Savings table arrowUp 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 under $499,999***** table arrow$10.00 1.776% 1.79% Monthly average $1,000$10/mo.
F&M Money Market $500K and over***** table arrow$10.00 2.00% 2.02% Monthly average $1,000$10/mo.
Christmas Club Savings table arrowOpen until maturity .25% .25% Forfeit interest if cashed prior to maturityN/A

Rates effective as of: April 17, 2019

*** 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
Kasasa Cash Back information

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

*****An interest rate of 2.00% with an annual percentage yield of 2.02% applies to balances of $500K to 1 million, and on balances of $1 million and above. An interest rate of 1.776% with an annual percentage yield of 1.79% applies to balances of $499,999.99 and below. 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 falls below $1,000.00. Account restrictions apply, please see a bank service representative for details. Effective 04/22/19. Rates subject to change.

Certificates of Deposit

Special Rates on CDs

182 Day Term

Minimum Deposit table arrow $1,000
Interest Rate table arrow .35%
Annual Percentage Yield (APY) table arrow .35%

12 Month Term

Minimum Deposit table arrow $1,000
Interest Rate table arrow .90%
Annual Percentage Yield (APY) table arrow .90%

18 Month Variable*

Minimum Deposit table arrow $1,000
Interest Rate table arrow 1.50%
Annual Percentage Yield (APY) table arrow 1.51%

18 Month Fixed*

Minimum Deposit table arrow $1,000
Interest Rate table arrow 1.50%
Annual Percentage Yield (APY) table arrow 1.51%

24 Month Term

Minimum Deposit table arrow $1,000
Interest Rate table arrow 1.75%
Annual Percentage Yield (APY) table arrow 1.76%

30 Month Term Special**

Minimum Deposit table arrow $1,000
Interest Rate table arrow 1.99%
Annual Percentage Yield (APY) table arrow 2.00%

33 Month Term Special**

Minimum Deposit table arrow $1,000
Interest Rate table arrow 2.25%
Annual Percentage Yield (APY) table arrow 2.27%

36 Month Term

Minimum Deposit table arrow $1,000
Interest Rate table arrow .80%
Annual Percentage Yield (APY) table arrow .80%

48 Month Term

Minimum Deposit table arrow $1,000
Interest Rate table arrow 1.15%
Annual Percentage Yield (APY) table arrow 1.15%

60 Month Term

Minimum Deposit table arrow $1,000
Interest Rate table arrow 2.60%
Annual Percentage Yield (APY) table arrow 2.63%
TermMinimum DepositInterest RateAnnual Percentage Yield (APY)
TermMinimum DepositInterest RateAnnual Percentage Yield (APY)
182 Days table arrow$1,000 .35% .35%
12 Month table arrow$1,000 .90% .90%
18 Month Variable* table arrow$1,000 1.50% 1.51%
18 Month Fixed* table arrow$1,000 1.50% 1.51%
24 Month table arrow$1,000 1.75% 1.76%
30 Month Special** table arrow$1,000 1.99% 2.00%
33 Month Special*** table arrow$1,000 2.25% 2.27%
36 Month table arrow$1,000 .80% .80%
48 Month table arrow$1,000 1.15% 1.15%
60 Month table arrow$1,000 2.60% 2.63%

Rates effective as of: April 17, 2019

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. 18 month variable CD rate is only available for IRAs.
**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

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