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Annual Percentage Yield (APY) Effective September 18, 2017

Certificates of Deposit (CDs)

Compounding Interest or
Deposit into F&M Account
Term Minimum Deposit
to Open Account
Rate APY
30 Day $2,500 0.05% 0.05%
91 Day $2,500 0.05% 0.05%
6 Month $2,500 0.15 0.15%
12 Month $1,000 0.25% 0.25%
18 Month $1,000 0.35% 0.35%
24 Month $1,000 0.50% 0.50%
30 Month $1,000 0.60% 0.60%
36 Month $1,000 0.85% 0.85%
42 Month $1,000 0.90% 0.90%
48 Month $1,000 1.05% 1.05%
60 Month $1,000 1.15% 1.16%

Interest is calculated on a Simple Interest Basis and is credited Quarterly.
A penalty may be imposed for early withdrawal from a Certificate of Deposit.
An early withdrawal penalty of the loss of three month's interest is assessed on CDs of 12 months or less. A six month penalty is assessed on CDs of over 12 months. A twelve month penalty is assessed on CDs that are 60 months and over.

 

IRA Certificates of Deposit

Term Minimum Deposit
to Open Account
Rate APY
12 Months $2,500 0.25% 0.25%
18 Months $2,500 0.35% 0.35%
24 Months $2,500 0.50% 0.50%
30 Months $2,500 0.60% 0.60%
36 Months $2,500 0.85% 0.85%
42 Months $2,500 0.90% 0.90%

Interest is calculated on a Simple Interest Basis and is credited Quarterly.
A penalty may be imposed for early withdrawal from a Certificate of Deposit.
An early withdrawal penalty of the loss of three month's interest is assessed on CDs of 12 months or less. A six month penalty is assessed on CDs of over 12 months. A twelve month penalty is assessed on CDs that are 60 months and over.

 

Checking and Savings Accounts

Money Market Deposit Account *
Minimum Deposit to Open Account $2,500

Tier Amount Rate APY
1 $1,000 – $2,499.99 0.01% 0.01%
2 $2,500 – $19,999.99 0.01% 0.01%
3 $20,000 – $49,999.99 0.03% 0.03%
4 $50,000 and over 0.10% 0.10%

$1.00 per withdrawal in excess of 6 per monthly cycle
No Interest if balance falls below $1,000
Interest compounded daily – credited monthly on statement date

 

NOW Accounts *

Minimum to Open Rate APY
NOW Account $500 0.01% 0.01%
Safekeeping NOW Account $500 0.01% 0.01%

No interest if balance falls below $1,000
Interest accrued daily – credited monthly on statement date

 

Savings Account *

Minimum to Open Rate APY
Statement Savings $100 0.02% 0.02%

No Interest if balance falls below $250
Interest accrued daily – credited quarterly on statement

 

Fees could reduce the earnings on the account
* The interest rate varies and may change after the account is opened.