F&M Perks Savings II

F&M Perks Savings II

Put your F&M Perks Checking with Savings II earnings to good use and earn 0.55% APY* with F&M Perks Savings II on balances over $20,000*. This account is linked to your F&M Perks Checking with Savings II. Each month F&M Perks Checking with Savings II rewards and ATM withdrawal fee refunds are automatically transferred to this savings account, where they’ll earn a second great rate!

Open your new F&M Perks Savings II account today!

Please choose from one of the following options.
If you are an existing customer, please click “Open a New Account” when logged into online or mobile banking.

Details

  • An account that builds your savings effortlessly
  • Requires an F&M Perks Checking with Savings II
  • Automatic transfers of F&M Perks Checking with Savings II interest and ATM refunds
  • Free online banking
  • Free mobile banking
  • Free online statements
  • $50 minimum deposit to open
  • No minimum balance to earn rewards

When F&M Perks Checking with Savings II qualifications are met, you earn:

When qualifications are met you earn

  • Balance
  • On balances up to $20,000
  • On balances over $20,000
  • All balances if qualifiers are not met on F&M Perks Checking with Savings II
  • Rate
  • 0.20%
  • 0.55%
  • 0.01%
  • APY
  • 0.20%
  • 0.55%
  • 0.01%
BalanceRateAPY
On balances up to $20,0000.20%0.20%
On balances over $20,0000.55%0.55%
All balances if qualifiers are not met on F&M Perks Checking with Savings II0.01%0.01%

It’s Easy To Earn Your Rewards!

Qualifying for your F&M Perks Checking with Savings II rewards automatically qualifies you for the highest F&M Perks Savings II, too. To earn your rewards, just do the following transactions and activities in your F&M Perks Checking with Savings II:

  • Have at least 20 debit card purchases post and settle
  • Have at least 1 direct deposit or ACH payment transaction post and settle
  • Be enrolled in and agree to receive online statements

That’s it. Even if you don’t meet your qualifications during the cycle, you’ll still earn our base interest rate on F&M Perks Savings II. And you can get right back to earning your full rewards the very next month!

  • Disclaimers
  • *APY= Annual Percentage Yield. APYs accurate as of 10/1/2020. Rates may change after the account is opened. Must have F&M Perks Checking with Savings II to open a F&M Perks Savings II. Refer to F&M Perks Checking with Savings II requirements and disclosures. Minimum to open a F&M Perks Savings II account is $50. (1) F&M Perks Savings II balances up to $20,000 receive an APY of 0.20% if qualifiers are met each monthly statement cycle on your F&M Perks Checking with Savings II account; and (2) balances above $20,000 receive an interest rate of 0.55% on the portion of the balance above $20.000 if qualifiers are met each monthly statement cycle on your F&M Perks Checking with Savings II. APYs will range from 0.20% - 0.48% depending on the balance in the account (assuming a maximum account balance of $100,000). If qualifiers on your F&M Perks Checking with Savings II are not met, the APY will be 0.01% on all balances. A Monthly Statement Cycle runs from the day after the last business day of the month to the last business day of the following month. The interest earned on F&M Perks Savings II will be credited to the savings account on the last business day of the month. The advertised F&M Perks Checking with Savings II APY is based on compounding interest. The interest earned on F&M Perks Checking with Savings II is deposited on the last business day each month and automatically transferred to F&M Perks Savings II the next business day where it then compounds interest at the F&M Perks Savings II APY. The actual interest paid on F&M Perks Checking with Savings II could be less than the advertised APY. The F&M Perks Savings II APYs may be less than the F&M Perks Checking with Savings II APYs. If F&M Perks Checking with Savings II qualifiers are met within the monthly statement cycle, nationwide ATM fee refunds up to $10 (on the F&M Perks Checking with Savings II only) will be credited to the F&M Perks Savings II account the business day after the qualifiers have been met for that month. Fees may reduce earnings. Personal accounts only. Limit one account per household.