These accounts have limited check writing privileges. Up to six transfers are allowed per statement cycle to another account or to third parties. These can be by check, draft,  authorized debit, telephone transfer, ACH, or debit card. (There is a $5 fee any month you exceed the 6-transaction limit).  Your interest rate increases as your balance grows. See our Rate Sheet for current interest rates and related balances.

F&M Money Market

  • Premium interest rate is tiered and based on daily balance
  • All balances earn interest
  • Average balance of only $10,000 waives the service charge of $10 per month.
  • Interest earned is compounded and credited monthly. Fees may reduce earnings.
  • Free and easy transferring between accounts to manage bills using your ATM or VISA Check Card, NetTeller Online Banking, or InfoLine telephone banking
  • Access funds at any ATM*
  • Activity Summary shown on your monthly statement
  • IDSafeChoice Identity theft recovery services – completely free – and the option to purchase further monitoring services and alerts at great prices.
  • FREE online bill pay
  • FREE cashier’s checks
     

*No fee charged by Farmers & Merchants Bank for transactions at other banks’ ATM’s. Other ATM owners may charge a fee.

**TRANSACTION LIMITATIONS (PER FEDERAL REGULATION D): No more than six preauthorized or automatic transfers, telephone transfers, or transfers made by check, draft, debit card, or similar order payable to a third party may be made from a money market account to another account at the bank or to a third party in any statement cycle. If you exceed, or attempt to exceed, these transfer limits, the excess transfer requests may be refused or reversed, a fee may be imposed on the excess transfer requests, and the bank may reclassify or close your account. However, there are no limits on the number of withdrawals paid directly to you when initiated in person, and no limit on the number of withdrawals paid directly to you when initiated by mail, telephone or messenger.