RATES
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*8-Month CD Special — APY – Annual Percentage Yield is effective as of August 3, 2023. At maturity, this CD will automatically renew as a 12 month CD. Stated APY assumes interest remains on deposit until CD maturity. A minimum $1,000 deposit is required to open this account. Fees may reduce earnings. Subject to penalty for early withdrawal. The advertised APY is subject to change without notice. Limited time offer.
*13-Month CD Special — APY – Annual Percentage Yield is effective as of August 3, 2023. At maturity, this CD will automatically renew as a 12 month CD. Stated APY assumes interest remains on deposit until CD maturity. A minimum $1,000 deposit is required to open this account. Fees may reduce earnings. Subject to penalty for early withdrawal. The advertised APY is subject to change without notice. Limited time offer.
*16-Month CD Special — APY – Annual Percentage Yield is effective as of August 3, 2023. At maturity, this CD will automatically renew as a 15 month CD. Stated APY assumes interest remains on deposit until CD maturity. A minimum $1,000 deposit is required to open this account. Fees may reduce earnings. Subject to penalty for early withdrawal. The advertised APY is subject to change without notice. Limited time offer.
*30-Month Level Up CD — APY – Annual Percentage Yield is effective as of August 3, 2023. You may request a one-time rate bump on your certificate during the initial term. The new rate and annual percentage yield will be effective the date the rate bump request is made and will be based on the current rate offered for the Level Up CD. If you do not request a rate bump during the 30-Month term, the one-time rate bump option will expire at first account maturity. This account will automatically renew at maturity as a 30-month Certificate of Deposit without any further bump up interest rate option. APY assumes interest remains on deposit until CD maturity. You must deposit $2,500 to open this account. The maximum balance to open this account is $250,000. You must maintain a minimum balance of $2,500 in the account each day to obtain the disclosed annual percentage yield. Fees may reduce earnings. Limit one (1) 30 month Level Up CD per household. Subject to penalty for early withdrawal. The advertised APY is subject to change without notice. Limited time offer.
*APY – Annual Percentage Yield is accurate as of March 14, 2023. A minimum deposit may be required to open a new Certificate of Deposit and to earn the advertised rate. Maximum deposits may apply. Fees may reduce earnings. Subject to penalty for early withdrawal. The advertised APY is subject to change without notice.
**$1,000 minimum deposit may be added any time after account opening
Loyalty Rewards Checking: With Loyalty Rewards Checking, you can earn the following:
Tier 1 – If your daily balance is $25,000.00 or less, the account is enrolled in eStatements via Online Banking, and you have met a minimum of 1 qualifier, the interest rate paid on the entire balance will be 0.05% with an annual percentage yield of 0.05%.
Tier 2 – If your daily balance is $25,000.00 or less, the account is enrolled in eStatements via Online Banking, and you have met a minimum of 2 qualifiers, the interest rate paid on the entire balance will be 0.20% with an annual percentage yield of 0.20%.
Tier 3 – If your daily balance is $25,000.00 or less, the account is enrolled in eStatements via Online Banking, and you have met a minimum of 3 qualifiers, the interest rate paid on the entire balance will be 0.35% with an annual percentage yield of 0.35%.
Basic Tier – An interest rate of 0.01% will be paid only for that portion of your daily balance that is greater than $25,000.00. Depending on the balance in the account, the annual percentage yield for this tier will range from 0.01%, assuming a maximum account balance of $100,000.
Annual Percentage Yields accurate as of 02/01/2021. Rates may change after the account is opened. To earn interest, you must be enrolled in eStatements and meet a minimum of one qualifier during the monthly statement cycle. Minimum to open a Loyalty Rewards Checking account is $50. There is no minimum balance requirement to earn interest or receive ATM Fee refunds. If enrolled in eStatements and a minimum of one (1) qualifier is met each monthly statement cycle, Nationwide ATM fees incurred during the monthly statement cycle will be reimbursed up to $10 and deposited to the account on the next business day after the qualifiers have been met each month. A Service Fee of $5.00 will be charged each monthly statement cycle unless the account is enrolled in eStatements and a minimum of one qualifier has been met. Qualifying transactions must post and settle to the account during the monthly statement cycle. Transactions may take one or more business days from the transaction date to post and settle to an account. A Monthly Statement Cycle runs from the day after the last business day of the month to the last business day of the following month. Fees may reduce earnings. Personal accounts only. Limit one Loyalty Rewards account per household.
*Direct Savings: APY – Annual Percentage Yield effective as of 3/13/23. Rates are subject to change. Direct Savings only available for new customers or deposits of new funds not currently held with Farmers & Merchants State Bank. Interest will be paid on your daily account balance as follows: If your daily balance is $99,999.99 or less, the interest rate paid on the entire balance will be 1.98% with an APY of 2.00%. If your daily balance is $100,000.00-$249,999.99, the interest rate paid on the entire balance will be 2.25% with an APY of 2.27%. If your daily balance is $250,000.00-$499,999.99, the interest rate paid on the entire balance will be 2.50% with an APY of 2.53%. If your daily balance is $500,000.00 or greater, the interest rate paid on the entire balance will be 0.10% with an APY of 0.10%. Interest will be compounded every day. Interest will be credited to your account every quarter. A minimum deposit $1,000.00 to open this account. A $3.00 monthly service fee will be charged if a $300.00 minimum balance is not maintained each day during the month. This fee will be assessed on the last business day of the month. Fees may reduce earnings. Limit one (1) savings account per household. Member FDIC
*APY – Annual Percentage Yield is effective as of March 17, 2023. A minimum $2,500 deposit is required to open this account and the maximum deposit to open this account is $125,000. Fees may reduce earnings. The advertised APY is subject to change without notice.
