Savings

Anytime is a good time to start a Savings Account. Whether you are saving for something special or just putting money aside for a rainy day, a Savings Account at F&M Bank will help get you on the way! And, you can simplify the opening process by using our online account application!

	Statement Savings	Money Market Deposit Account	Christmas Club
Minimum to Open	$100	$2,500	$5
Required Minimum Balance to Avoid Maintenance Fee	$100 each quarter	$2,500 each month	NA
Maintenance Fee	$5	$10	NA
Earns Interest	Yes - See Rates	Yes - See Rates	Yes - See Rates
Minimum to Earn Interest	$250	$1,000	$5
Withdrawal Fees	$1 per withdrawal in excess of 6/month**	$1 per withdrawal in excess of 6/month**	No withdrawals allowed***
Online Banking	Free	Free	Free
Online Bill Pay	Free	Free	Free
Mobile Banking	Free	Free	Free
eStatements*
Combined Statements
24 Hour Phone Banking	Free	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.
***Funds are paid out each year in mid-October for the balance plus any earned interest. You can start a Christmas Club at any time of the year. If you close the account early, you will forfeit any earned interest.
*** Click here for the Funds Availability Disclosure