Savings Accounts
Passbook - Statement - Holiday Club - Junior
Savings Accounts from Farmers & Merchants Bank & Trust are available to anyone living in the Wisconsin counties of Marinette and Oconto, and the County of Menominee in Michigan.
Passbook Savings
- Minimum to Open: $25
- Average Daily Balance to avoid fee: $50. If account falls below minimum, there will be a $1 quarterly service fee
- This is an interest-bearing account
- Interest compounded and paid quarterly
- Only six pre-authorized, automated, telephone or Online Banking transfers during any calendar month
- Transactions are recorded directly into the passbook when presented at the bank.
Statement Savings
- Minimum to Open: $25
- Average Daily Balance to avoid fee: $50. If account falls below minimum, there will be a $1 quarterly service fee
- This is an interest-bearing account
- Interest compounded and paid quarterly
- ATM card or a link to a MasterMoney Card is available
- Only six pre-authorized, automated, telephone or Online Banking transfers during any calendar month
- A statement of account activities is provided monthly.
Holiday Club Account
- Minimum to Open: $10
- Average Daily Balance to avoid fee: $50. If account falls below minimum, there will be a $1 quarterly service fee
- This is an interest-bearing account
- Principal and interest are paid, by check, on the last day of October of each year
- Any withdrawal made, other than the final payout, will be assessed a charge of $1.00
- Pre-authorized, automated, telephone or Online Banking transfers are not allowed with this account
- A statement of account activities is provided quarterly
Junior Savings
- Open to any Saver 18 years of age or younger
- Minimum to Open: $10
- No service charges
- No minimum balance requirement
- This is an interest-bearing account
- Interest compounded and paid quarterly
- Transactions are recorded directly into the passbook when presented at the bank.
- When the minor(s) for whom the account has been opened attains the age of eighteen (18), the account will be reclassified as either a Passbook or Statement Savings. The account will then be subject to all the rules and charges in effect at that time for a Passbook or Statement Savings account.
Complete disclosures of the terms and conditions for any of our accounts are available upon request.
To open your account now, Contact Us or stop by any of our three Locations to speak with a Customer Service Representative.
