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CD rates worth locking in

Got a sizable amount to invest? 

We have the perfect solution – the Certificate of Deposit Account Registry Service® (CDARS). This innovative investment solution offers the convenience and high rate of CDs with the security of full FDIC insurance up to $50 million. Using CDARS, we’ll break up your investment into smaller increments and distribute each portion among multiple financial institutions to ensure complete FDIC coverage. You’ll only have to work with us – one rate, one bank, one relationship.

Estimate Your Earnings

Use our CD calculator to estimate your return based on the size of your deposit and the rate and term you choose to lock in. Remember, the higher your balance the higher your return.

Pick a CD term that works for you and earn 4.25% APY!*

Saving for the future doesn’t have to be hard. Now at F&M, you can choose a Certificate of Deposit with the right maturity date for you. Start with selecting from one of our new 11, 17, or 23 month CD terms, then make a low minimum opening deposit and start saving more for your future today!


*APY - Annual Percentage Yields are effective as of May 16, 2024. At maturity, the 11 month CD will automatically renew as a 12 month CD. The 17 month CD will automatically renew as a 18 month CD. The 23 month CD will automatically renew as a 24 month CD. Stated  APY assumes interest remains on deposit until CD maturity. A minimum $1,000 deposit is required to open this account. Fees may reduce earnings. Subject to penalty for early withdrawal. The advertised APY is subject to change without notice. Limited time offer.

Our calculators are for informational purposes only and are not intended to provide financial advice. All examples are hypothetical and for illustrative purposes. Although we have obtained content from sources deemed to be reliable, F&M Bank and its affiliates are not responsible for any content provided by unaffiliated third parties. You may wish to consult an appropriate outside advisor about your financial situation.

Build a CD ladder.

New to this savings strategy? A ladder lets you spread your investment over CDs of different terms and maturity dates. (Generally, the longer the term, the higher the interest rate.) How do you build it? Let’s say you have $10,000 to invest. Just to keep things simple, you could split that amount into two $5,000 CDs of different term lengths and rates. Or make four $2,500 investments in CDs of varying lengths, like two in short-term CDs and two with longer terms. When the short-term certificates of deposit mature, you reinvest the original amount (plus interest earned) in a longer term certificate. Simply repeat that strategy each time a CD matures, moving up the ladder and multiplying yields as you go.


Just set it and forget it – for higher than average savings.


Get a safe, secure investment and a solid return.


Choose from a wide range of terms – 91 days to 60 months.


Withdraw your earnings upon maturity or let them roll over.