Savings Accounts for Businesses
Anytime is a good time to start a Savings Account. Whatever your business needs may be, a Savings Account at F&M Bank will help get you on the way!
| |
Statement Savings |
Money Market Deposit Account |
| Minimum to Open |
$100 |
$2,500 |
| Required Minimum Balance to Avoid Maintenance Fee |
$100 each quarter |
$2,500 each month |
| Maintenance Fee |
$5 |
$10 |
| Earns Interest |
Yes - See Rates |
Yes - See Rates |
| Minimum to Earn Interest |
$250 |
$1,000 |
| Withdrawal Fees |
$1 per withdrawal in excess of 6/month** |
$1 per withdrawal in excess of 6/month** |
| Online Banking |
Free |
Free |
| Online Bill Pay |
Free |
Free |
| Mobile Banking |
Free |
Free |
| eStatements* |
|
|
| Combined Statements |
|
|
| 24 Hour Phone Banking |
Free |
Free |
* Click here to sign up for eStatements
** Federal Regulation limits the number of electronic debits (via telephone or internet) and third party checks to 6 per month.
*** Click here for the Funds Availability Disclosure