RATES
APYs that work hard for you
- HOME
- RATES
FDIC-Insured—Backed by the full faith and credit of the U.S. Government
How can you make your money work harder?
Open a CD, checking or saving account with a hard-working APY. What’s an APY? It’s your annual percentage yield, the amount of interest you’ll earn over a year, including interest compounded daily or monthly. What’s compounded interest? That’s the dollar amount you earn each day or month based on your interest rate, which then gets added to your account balance. That calculation gets repeated based on your new account balance the next time interest is applied. Typically, the longer the term, the more you earn, but not always. It all depends on the APY and the size of your investment.
CD SPECIALS
Learn More| CD SPECIALS | MINIMUM BALANCE | MAXIMUM BALANCE | APY* |
|---|---|---|---|
| 5-Month CD Special | $1,000 | No maximum balance | 3.85% |
| 10-Month CD Special | $1,000 | No maximum balance | 3.55% |
| 20-Month CD Special | $1,000 | No maximum balance | 3.30% |
| 30-Month CD Special | $1,000 | $250,000 | 3.25% |
*APY - Annual Percentage Yields are effective as of April 17, 2025. At maturity, the 5 month CD will automatically renew as a 6 month CD. At maturity, the 10 month CD will automatically renew as a 12 month CD. The 20 month CD will automatically renew as a 24 month CD. The 30 month CD will automatically renew as a 30 month CD. Stated APY assumes interest remains on deposit until CD maturity. A minimum $1,000 deposit is required to open a cd special. Fees may reduce earnings. Subject to penalty for early withdrawal. The advertised APY is subject to change without notice. Limited time offer.
LOYALTY REWARDS CHECKING
Apply Now| Tiers | Qualifiers | Rate | APY* |
|---|---|---|---|
| Tier 1 | eStatement and one qualifier is met in the monthly statement cycle | 0.02% | 0.02% |
| Tier 2 | eStatement and two of the qualifiers are met in the monthly statement cycle | 0.17% | 0.17% |
| Tier 3 | eStatement and three of the qualifiers are met in the monthly statement cycle | 4.94% | 5.05% |
| Basic Tier | If no qualifiers are met and/or balance is above $25,000 | 0.01% | 0.01% |
Loyalty Rewards Checking earns the following:
Tier 1 – If your daily balance is $25,000.00 or less, the account is enrolled in eStatements via Online Banking, and you have met a minimum of 1 qualifier, the interest rate paid on the entire daily balance will be 0.02% with an annual percentage yield of 0.02%.
Tier 2 – If your daily balance is $25,000.00 or less, the account is enrolled in eStatements via Online Banking, and you have met a minimum of 2 qualifiers, the interest rate paid on the entire daily balance will be 0.17% with an annual percentage yield of 0.17%.
Tier 3 – If your daily balance is $25,000.00 or less, the account is enrolled in eStatements via Online Banking, and you have met a minimum of 3 qualifiers, the interest rate paid on the entire daily balance will be 4.94% with an annual percentage yield of 5.05%.
Basic Tier – An interest rate of 0.01% with an annual percentage yield of 0.01% will be paid only for that portion of your daily balance that is greater than $25,000.00.
Depending on the balance in the account and the number of qualifiers met, assuming a maximum account balance of $100,000.00, the annual percentage yield will range as follows: Tier 1 - 0.01% to 0.01%, Tier 2 - 0.01%- 0.05%, Tier 3 - 0.01% - 1.27%.
APY - Annual Percentage Yields accurate as of May 22, 2025. Rates may change after the account is opened. To earn interest, you must be enrolled in eStatements and meet a minimum of one qualifier during the monthly statement cycle. Minimum to open a Loyalty Rewards Checking account is $50. There is no minimum balance requirement to earn interest or receive ATM fee refunds. Once enrolled in eStatements and a minimum of one (1) qualifier is met each monthly statement cycle, nationwide ATM fee during the monthly statement cycle will be reimbursed up to $10 and will be credited to your account on the last business day each month. A service charge of $5.00 will be charged each monthly statement cycle unless the account is enrolled in eStatements and a minimum of one qualifier has been met. Qualifying transactions must post and settle to the account during the monthly statement cycle. Transactions may take one or more business days from the transaction date to post and settle to an account. 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. Fees may reduce earnings. Personal accounts only. Limit one Loyalty Rewards Checking account per household.
DIRECT SAVINGS
Apply Now| Account Balance | Rate | APY* |
|---|---|---|
| $0 - $99,999.99 | 1.17% | 1.18% |
| $100,000.00 - $249,999.99 | 1.27% | 1.28% |
| $250,000.00 - $499,999.99 | 1.52% | 1.53% |
| $500,000.00 and over | 1.68% | 1.69% |
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 greater, 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.
IRAs
| Term | MINIMUM BALANCE | MAXIMUM BALANCE | APY* |
|---|---|---|---|
| 12 Month Fixed IRA | $2,500 | $250,000 | 3.45% |
| 26 Month Fixed IRA | $2,500 | $250,000 | 3.20% |
APY – Annual Percentage Yields are effective as of April 17, 2025. A minimum $2,500 deposit is required to open this account and the maximum deposit to open this account is $250,000. Fees may reduce earnings. The advertised APY is subject to change without notice.
