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The Federal Reserve has been lifting rates for several months to combat inflation. With each increase, F&M Bank has adjusted to offer the best rates in the market to our clients. Future rate increases mean your earning potential is just beginning with an F&M Bank Money Market Savings Account*, a 30-Month Certificate of Deposit**, or Insured Cash Sweep for funds exceeding FDIC limits.

Money Market Savings

0.75% APY*** on balances up to $24,999
1.81% APY on balances $25,000 to $749,999
2.01% APY on balances $750,000+

F&M Bank’s Money Market savings account is a great, low-risk option that offers benefits typical of both a checking and savings account. The interest rate on money markets accounts is typically higher than that of a savings account and you, as the account holder, can write up to six checks per month. Open an account with only $10!

Certificate of Deposit (CD) 

Receive a generous 2.01% APY on a 30-Month CD. Includes a one-time, penalty free withdrawal after 15 months.

A CD typically requires you to forgo any withdrawals or deposits until its term expires. This can be handy if you want a safe place to keep money designated for a big-ticket item such as a car or down payment.

Insured Cash Sweep

You gain a healthy 1.81% APY  with security for funds above FDIC limits, all at one bank!

Put excess cash balances to work by placing funds into demand deposit accounts using our ICS demand service, money market deposit accounts using the ICS savings option, or interest-bearing certificates of deposit (CDs) using CDARS. Earn one rate on your ICS savings deposits, one rate on your ICS demand deposits, and one rate per maturity on your CDARS deposits.

*$10.00 deposit is required to open an F&M Money Market account. A monthly service fee of $10.00 will be imposed on statement cycle if the average daily balance for the monthly statement cycle falls below $1,000.00. ** Certificate of Deposit. At maturity, CD will convert to a 24-month certificate. Receives a .10% rate increase with accompanying checking account. ***Annual Percentage Yield.

Account restrictions apply, please see a bank service representative for details. Rates subject to change. Member FDIC.

Have Questions? Get In Touch

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