Preferred Savings
The boost your savings deserves.
You work hard to build your savings. So do we.
You want a savings account that works as hard as you do – A Preferred High-Yield Savings account from F&M is designed to do just that. With premium account benefits and competitive interest rates, what are you waiting for? Open your account and give your savings the boost it deserves today!
- Competitive interest rate
- Free online & mobile banking
- Free online statements
- 24/7 deposits
*APY – Annual Percentage Yield effective as of June 1, 2026. Rates are subject to change. Preferred Savings only available for new customers or deposits of new funds not currently held with F&M Bank. Personal accounts only. Interest will be paid on your daily account balance as follows: If your daily balance is $9,999.99 or less, the interest rate paid on the entire balance will be 0.01% with an APY of 0.01%. If your daily balance is $10,000.00 or greater, the interest rate paid on the entire balance will be 2.23% with an APY of 2.26%. Interest will be compounded every day. Interest will be credited to your account every quarter. A minimum deposit of $1,000.00 is required to open this account. A $3.00 monthly service fee 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.
