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Deposit Rates

Home Personal Deposit Rates
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Current Interest Rates

Rates are current as of March 1st, 2023

Rates are subject to change at any time.

Certificate of Deposits/IRAs

Special Certificate of Deposits/IRAs

Consumer Checking Accounts

Consumer Savings Accounts

Commercial Checking Accounts

Commercial Savings Accounts

Certificates of Deposits/IRAs*

Certificates of Deposits/IRAs
MaturityMinimum Opening AmountAnnual Percentage YieldInterest Rate
6 Month$2,5000.96%0.95%
12 Month$2,5001.53%1.50%
24 Month$2,5001.79%1.75%
36 Month$2,5002.05%2.00%
48 Month$2,5002.31%2.25%
60 Month$2,5002.46%2.40%

 

Special Certificates of Deposits/IRAs**

Certificates of Deposits/IRAs
MaturityMinimum Opening AmountAnnual Percentage YieldInterest Rate
13 Month Special$25,0003.50%3.50%
49 Month Special$25,0002.70%2.70%

 

Consumer Checking Accounts*

Savings/Interest Bearing Demand Deposits
TypeMinimum Opening AmountAnnual Percentage YieldInterest Rate
Direct Checking$50.01%0.01%
Regular NOW$1000.01%0.01%
Money Market Plus$1000.04%0.04%

 

Premier Money Market*

Premier Money Market
Minimum Balance to Earn APYAnnual Percentage YieldInterest Rate
$0.01 - $49,999.990.01%0.01%
$50,000.00 - $99,999.990.10%0.10%
$100,000.00 - $249,999.990.40%0.40%
$250,000.00 or More1.00%1.00%

$25,000 minimum balance to open and maintain to avoid minimum balance fees.

Consumer Savings Accounts*

Savings/Interest Bearing Demand Deposits
TypeMinimum Opening AmountAnnual Percentage YieldInterest Rate
Statement Savings$500.01%0.01%
Galaxies Unlimited$100.05%0.05%
Junior Savers$100.02%0.02%
Christmas Club$100.01%0.01%

 

Commercial Checking Accounts*

Savings/Interest Bearing Demand Deposits
TypeMinimum Opening AmountAnnual Percentage YieldInterest Rate
Commercial Checking with Interest$7500.01%0.01%
Commercial Money Market Plus$1000.04%0.04%

 

Commercial Savings Accounts*

Savings/Interest Bearing Demand Deposits
TypeMinimum Opening AmountAnnual Percentage YieldInterest Rate
Commercial Statement Savings$500.01%0.01%

 

Additional Information

At our discretion, interest rates and annual percentage yields paid to you on a Savings, Money Market, or interest-bearing checking account may change at any time without notice. In addition, your account may be subject to fees which would reduce the earnings on the account.

On Certificates of Deposit / IRAs a penalty may be imposed for early withdrawal. Fees could reduce earnings.

An IRA Trustee Fee may be imposed upon transfer outside of Farmers & Merchants Bank & Trust.

APY = Annual Percentage Yield

*No minimum balance required to earn interest.

**$25,000 minimum balance must be maintained every day to obtain the Annual Percentage Yield.

For more information on deposit insurance, visit the FDIC's website.

 

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Contact Information

Ludington:  (715) 735-6617

Roosevelt:  (715) 732-4411

Crivitz:  (715) 854-7445

EZ Access Banking:  (877) 735-4228

Lost/Stolen Debit Card?:  (833) 613-0441

Lost/Stolen Credit Card?:  (866) 552-8855

Routing #:  075901037 *

* Not to be used for wire transfers. Please call us for wire instructions.

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