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F&M Bank and Trust has a checking account to suit all of your needs. Come by today and find a checking account that will work for you.
If you decide you want to open an account with us, please follow our simple instructions to switch to F&M Bank and Trust.
Regular Checking
Minimum balance required to open this account is $50.00. There is a $5.00 service charge if the balance falls below $500.00. Checks images are
returned monthly. This account does not earn interest.
Basic Checking
Minimum balance required to open this account is $50.00. There is no monthly service charge and no minimum balance required. The account does not earn interest or receive checks images.
Business Checking for Businesses and Corporations
Minimum balance required to open this account is $50.00. There is a $5.00 monthly maintenance with a $.05 per item credit fee and $.10 per item debit fee. Checks images are returned monthly.
Money Market Accounts
Minimum balance to open this account is $2,500.00. There is a $10.00 monthly service charge if the balance falls below $2,500.00. Interest is compounded daily - paid monthly. No interest earned on balances of less than $500.00. $1 per withdrawal in excess of 6 checks per monthly cycle. (Federal regulations limit transfers/withdrawals to six per calendar month, no more than three of which may be third party.)
| Amount |
Interest |
APY* |
| $500 - $2499.99 |
0.05% |
0.05% |
| $2500 - $19,999.99 |
0.10% |
0.10% |
| $20,000 - $49,999.99 |
0.25% |
0.25% |
| $50,000 and over |
0.30% |
0.30% |
*APY - Annual Percentage Yield as of Januray 13, 2012.
NOW Accounts
Minimum balance required to open this account is $500. There is a $7 monthly service charge if the balance falls below $500. Interest is accrued daily and credited monthly on statement date. No interest is paid on balance below minimum. Check images are returned monthly.
| Minimum |
Interest |
APY - Annual Percentage Yield |
| $500 |
0.05% |
0.05% |
Safekeeping NOW Account
Minimum opening amount is $500. There is a $7 monthly service charge if the balance falls below $500. Interest is accrued daily and credited monthly on statement date. No interest is paid on balance below minimum. Check images are NOT returned with statements.
| Minimum |
Interest |
APY - Annual Percentage Yield |
| $500 |
0.10% |
0.10% |
Savings Accounts
Minimum opening balance is $100. Interest Rate 0.15% (APY 0.15%) No interest is accrued if your balance falls below $100. Fees could reduce the earnings on the account
All rates are subject to change at management's discretion.
Visit an F&M Bank office near you to set up your own checking or savings account.
NOTICE OF CHANGES IN TEMPORARY FDIC INSURANCE COVERAGE FOR TRANSACTION ACCOUNTS
All funds in a “noninterest-bearing transaction account” are insured in full by the Federal Deposit Insurance Corporation from December 31, 2010, through December 31, 2012. This temporary unlimited coverage is in addition to, and separate from, the coverage of at least $250,000 available to depositors under the FDIC’s general deposit insurance rules.
The term “noninterest-bearing transaction account” includes a traditional checking account or demand deposit account on which the insured depository institution pays no interest. It does not include other accounts, such as traditional checking or demand deposit accounts that may earn interest, NOW accounts, money market deposit accounts, and Interest on Lawyers Trust Accounts (IOLTAs).
For more information about temporary FDIC insurance coverage of transaction accounts, visit www.fdic.gov.
Fees could reduce the earnings on the account. Rates subject to change at Management's discretion.
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