Premium Savings

F&M’s Premium Savings Account takes the work out of savings by increasing your interest earned as your balance grows. Save more, earn more.  

See F&M’s rate sheet for current interest rates and related balances. 

Key Features 

  • Tiered interest rate based on daily balance 
  • Low $10 Minimum Balance to earn interest 
  • Maintain an average balance of $100 to avoid the quarterly service charge of $10 
  • Service charges waived for minors, full time students, disabled, seniors over age 65, estates, and non-profit organizations. 

Interest earned is compounded daily, credited quarterly. Fees may reduce earnings. 


FEDERAL REGULATION D: No more than six preauthorized or automatic transfers, telephone transfers, or transfers made by draft, debit card, or similar order payable to a third party may be made from a savings account to another account at the bank or to a third party in any calendar month. 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. 

Have Questions? Get In Touch

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