DIRECT SAVINGS
The no-nonsense savings account
FDIC-Insured—Backed by the full faith and credit of the U.S. Government
Get the best savings account for direct benefits.
Make your money work harder with this savings account. We call it Direct Savings for a reason: The higher your balance, the higher your interest rate – the more earnings that flow directly back to you. With Direct Savings you’ll enjoy premium account benefits like:
- Competitive interest rates
- Free online and mobile banking
- Free online statements
Direct Savings Tiers (See rate boxes below)
| Account Balance | Rate | APY* |
|---|---|---|
| $0 - $99,999.99 | 0.97% |
0.97% |
| $100,000.00 - $249,999.99 | 1.07% |
1.08% |
| $250,000.00 - $499,999.99 | 1.28% |
1.29% |
| $500,000.00 and more | 1.40% |
1.41% |
FREE ONLINE & MOBILE BANKING
Securely access your account and manage expenses 24/7
FREE ONLINE STATEMENTS
Get convenience and security without the paperwork.
Direct Savings: APY-Annual Percentage Yield effective as of June 1, 2026. 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 0.97% with an APY of 0.97%.
If your daily balance is $100,000.00-$249,999.99, the interest rate paid on the entire balance will be 1.08% with an APY of 1.09%.
If your daily balance is $250,000.00-$499,999.99, the interest rate paid on the entire balance will be 1.28% with an APY of 1.29%.
If your daily balance is $500,000.00 or greater, the interest rate paid on the entire balance will be 1.40% with an APY of 1.41%.
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.
