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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|
|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 Bill Pay||Free||Free||Free|
|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.