Grow Your Money by Opening a Personal Savings Account
Farmers & Merchants Bank offers a wide range of savings accounts at a competitive interest rate. With a savings account, you can grow your savings and reach your financial milestones.
Enjoy the following benefits when you open this type of account:
- Accessible – Withdraw cash from an ATM anytime, anywhere.
- Secure – Achieve peace of mind knowing that your funds are safe in the bank.
- Insured – The Federal Deposit Insurance Corporation (FDIC) is there to protect your savings in case the financial institution folds up (maximum coverage limit is $250,000 per depositor).
Drive to one of our branches today to open an account.
| Prestige Savings | Junior Savings | Christmas Club Savings | Green Edge Money Market | |
|---|---|---|---|---|
Description | Prestige Savings Our standard savings account to help you build your savings. Cost of service waived with automatic, recurring transfers of >$50/month from F&M Checking | Junior Savings A savings account for ages 0-18, noquarterly service charges. Jump start your child’s financial future | Christmas Club Savings An account that is paid out at the end of the year, a perfect way to put money away to have available for the holidays. No cost of service. | Green Edge Money Market A flexible account that allows you to earn interest at a higher rate and allows you the luxury of accessing it in a pinch. |
Minimum Opening Balance | Prestige Savings $100.00 | Junior Savings $25.00 | Christmas Club Savings $5.00 | Green Edge Money Market $2500.00 |
Earns Interest | Prestige Savings Yes | Junior Savings Yes | Christmas Club Savings Yes | Green Edge Money Market Yes |
Online and Mobile Banking1 | Prestige Savings Yes | Junior Savings Yes | Christmas Club Savings Yes | Green Edge Money Market Yes |
Farmers & Merchants VISA ATM Card | Prestige Savings ATM Card | Junior Savings ATM Card | Christmas Club Savings N/A | Green Edge Money Market Yes |
e-Statements2 | Prestige Savings Yes | Junior Savings Yes | Christmas Club Savings Yes | Green Edge Money Market Yes |
Paper Statements2 | Prestige Savings Yes | Junior Savings Yes | Christmas Club Savings Yes | Green Edge Money Market Yes |
Cents-Able Savings (with eligible F&M Checking) | Prestige Savings Yes | Junior Savings Yes | Christmas Club Savings Yes | Green Edge Money Market Yes |
Transaction Limitations | Prestige Savings 6 Convenience Transactions/Month3 | Junior Savings 6 Convenience Transactions/Month3 | Christmas Club Savings No Withdrawals Permitted | Green Edge Money Market 6 Convenience Transactions/Month3 |
Interested? | Prestige Savings Learn More | Junior Savings Learn More | Christmas Club Savings Learn More | Green Edge Money Market Learn More |
- Must be at least 13 years of age to be eligible for Online Banking and Mobile Banking
- Cost of Service for e-Statements and Paper Statements vary by account and by balance. Please contact Bank Representative for details.
- “Convenient” transfers and withdrawals, for purposes of this limit, include preauthorized, automatic transfers (including but not limited to transfers from the savings deposit for overdraft protection or for direct bill payments) and transfers and withdrawals initiated by telephone, facsimile, or computer, and transfers made by check, debit card, or other similar order made by the depositorand payable to third parties.
Prestige Savings
Start saving for that new home, vacation, project, or just a little extra mad money.
Great Benefits of our Savings Accounts:
- ATM card
- Online and Mobile Banking
- Text Banking
- Automatic Transfers
- Telephone Banking through the Freedom Line
- Cents-able Savings
Junior Savings
For children and students of all ages! Low minimum opening balance and no monthly charges.
Great Benefits of our Savings Accounts:
- ATM card
- Online and Mobile Banking
- Text Banking
- Automatic Transfers
- Telephone Banking through the Freedom Line
- Cents-able Savings
Christmas Club Savings
For the Christmas Club account, we offer a low balance to start. Deposits of any amount can be made November through October. A check will be issued in October and interest is paid when the check is prepared. You’ll receive your check just in time to begin your holiday shopping!
Great Benefits of our Savings Accounts:
- Automatic Transfers
- Text Banking
- Cents-able Savings
- Online Banking
- Telephone Banking through the Freedom Line
- Mobile Banking
Green Edge Money Market
Great Benefits of our Savings Accounts:
- ATM card
- Online and Mobile Banking
- Text Banking
- Automatic Transfers
- Telephone Banking through the Freedom Line
- Cents-able Savings