Savings, Money Market

F&M Bank's Savings Accounts….let us help you make The Right Choice!

  Regular Savings Young Savers Christmas Club Student Savings Treasury Money Market
Summary A way to save your money and still have access to it. Free savings account for children age 0 - 12. Easy electronic deposits from your F&M checking or savings account. Free savings account for full-time students. Competitive interest rates with the convenience of check writing
Minimum Opening $10 $10 $10 $10 $2,500
Minimum Balance to avoid service charge $100 average daily balance N/A N/A N/A $1,000 average daily balance
Monthly Service Charge $5.00 None None None 10.00*
(if balance falls below minimum)
Interest **Compounded  and credited to account quarterly. **Compounded  and credited to account quarterly. **Compounded  and credited to account quarterly. **Compounded  and credited to account quarterly. **Compounded and credited to account monthly.  Must maintain minimum balance of $2,500 to obtain interest.
Free E-Statement Yes Yes Yes Yes Yes
Additional Information $.50 per debit in excess of 4 per cycle. Earn 10 points for each deposit of $5.00 or more (limited to 10 points per week). Points may be used for prizes. Receive invitations to special events and a birthday card. A check for the balance plus accrued interest will be mailed the first week of November.  Your account will start over automatically. $.50 per debit in excess of 4 per calendar month. By regulation, this account is limited to 6 pre-authorized transfers per statement cycle. However, there is no limit to in-person withdrawls.

  * Plus Iowa sales tax where applicable

** This is a Variable Rate Account with the annual percentage yield (A.P.Y.) subject to change at anytime at our discretion.