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Savings options for all of life's moments.
F&M Bank has a wide array of savings plans designed to provide you the maximum in flexibility, convenience and value with options to help you put your money to work and secure your financial future. Watch your savings grow along with generous interest rates, and have easy access when an opportunity arrives. Trust our accounts for all of life’s moments.
Let’s find a savings account that works hard for you.
Compare and decide for yourself.
Choose from savings accounts that reward your loyalty, boost your rates, diversify your retirement portfolio and tuck money away for the holidays (or a well-earned vacation). Explore each account for specific account features and details.
| Compare | LOYALTY REWARDS SAVINGS | DIRECT SAVINGS ACCOUNT | STATEMENT SAVINGS ACCOUNT | CHRISTMAS CLUB | CERTIFICATES OF DEPOSIT(CDs) | INDIVIDUAL RETIREMENT ACCOUNTS (IRAs) |
|---|---|---|---|---|---|---|
| Works for you if... | You want to earn higher interest rates just for using your debit card, direct deposit or ACH | You want to earn higher savings account interest rates on higher balances | You want a simple go-to account to start building your savings | You want to set money aside for the holidays or big-ticket purchases | You want to set it and forget it – pick a term, lock in the rate and watch your money grow | You want to save for retirement at a higher rate and with tax advantages |
| No monthly service fee | $3 (waived on balances of $300 or more) | $3 (waived on balances of $300 or more) | ||||
| Minimum opening deposit | $0 | $1,000 | $100 | $10 | Varies by product and term | Varies by product and term |
| Minimum balance | $0 | $0 | $0 | $0 | $1,000 | Varies by product and term |
| Interest bearing | ||||||
| Free online & mobile banking | ||||||
| Direct Deposit | ||||||
| Free online statments |
Loyalty Rewards Savings: APY - Annual Percentage Yield effective as of May 23, 2025. You must have a Loyalty Rewards Checking or a Loyalty Rewards + The Bundler Checking account to open a Loyalty Rewards Savings Account, and the Loyalty Rewards Checking or the Loyalty Rewards + The Bundler Checking account must remain open throughout the period that you hold the Loyalty Rewards Savings account. Rates subject to change.
If your daily balance is $100,000 or less, the account is enrolled in eStatements via Online Banking and all three Loyalty Rewards Checking or Loyalty Rewards + The Bundler Checking Qualifiers have been met, the interest rate paid on this account is 1.73% with an annual percentage yield of 1.75%.
If your daily balance is greater than $100,000, an interest rate of 0.07% with an annual percentage yield of 0.07% will be paid on any portion of your daily balance that is greater than $100,000.
When Loyalty Rewards Checking or Loyalty Rewards + the Bundler Checking Qualifiers have NOT been met during the monthly statement cycle, the interest rate paid on the entire account balance is 0.07% with an annual percentage yield of 0.07%.
Assuming a maximum account balance of $150,000, the annual percentage yield will range from .07% to 1.19% depending on the balance in the account.
Interest will be compounded every month. Interest will be credited to your account on the last business day each month. No minimum balance is required to open this account, earn interest, or receive ATM Fee Refunds. To qualify for the Loyalty Savings Account higher interest rate, you must be enrolled for eStatements via Online Banking and the following Loyalty Rewards Checking or Loyalty Rewards + The Bundler Checking Account Qualifiers must be met: (1) Minimum of 20 Debit MasterCard® must post and settle to the account. (2) Minimum of $500 or greater Direct Deposit or automated clearing house (ACH) debit or credit must post and settle to the account. (3) Have a Combined Total of $25,000 or more in personal deposit accounts (primary account owner) based on the average daily balances and/or loan relationships based on current principal balance. Transactions must post and settle to your Loyalty Rewards Checking or Loyalty Rewards + The Bundler Checking Account during the Monthly Statement Cycle in order to receive higher interest rate on the Loyalty Rewards Savings. Your Loyalty Rewards Checking or Loyalty Rewards + The Bundler Checking account will be linked to the Loyalty Rewards Savings Account. Interest earned on your Loyalty Rewards Checking or Loyalty Rewards + The Bundler Checking Account will be credited on the last business day each month and automatically transferred to your Loyalty Savings account on the next business day. Fees may reduce earnings. Limit one Loyalty Rewards Savings Account per household.
Direct Savings: APY - Annual Percentage Yield effective as of May 23, 2025. Rates are subject to change. Direct Savings only available for new customers or deposits of new funds not currently held with F&M Bank. Interest will be paid on your daily account balance as follows:
If your daily balance is $99,999.99 or less, the interest rate paid on the entire balance will be 1.17% with an APY of 1.18%.
If your daily balance is $100,000.00-$249,999.99, the interest rate paid on the entire balance will be 1.27% with an APY of 1.28%.
If your daily balance is $250,000.00-$499,999.99, the interest rate paid on the entire balance will be 1.52% with an APY of 1.53%.
If your daily balance is $500,000.00 or more, the interest rate paid on the entire balance will be 1.68% with an APY of 1.69%.
Interest will be compounded every day. Interest will be credited to your account every quarter. A minimum deposit $1,000.00 to open this account. A $3.00 monthly service charge will be charged if a $300.00 minimum balance is not maintained each day during the month. This fee will be assessed on the last business day of the month. Fees may reduce earnings. Limit one (1) Direct Savings account per household.
Statement Savings: You must deposit $100 to open this account. APY is effective as of May 23, 2025. Rates are subject to change. The interest rate is 0.02% with an APY of 0.02%. Interest will be compounded every day. Interest will be credited to your account every quarter. If you close this account before interest is credited, the accrued interest will be paid. Transfers from a Statement Savings account to another account or to third parties are limited to six per month when made by preauthorized withdrawal, automatic, telephone, or computer transfers, checks and debit cards or other similar transactions from your account. A $3.00 monthly service charge will be charged if a $300 minimum balance is not maintained each day during the month. This fee will be assessed on the last business day of the month. Refer to the current Schedule for complete list of fees and charges that may be assessed against your account. Fees may reduce earnings.
Certificates of Deposit: Account features and interest rates vary based on product and term.
Individual Retirement Account: Planning for the future ahead. Traditional, Roth, SIMPLE, SEP, and Beneficiary IRA's available.
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