Savings
Anytime is a good time to start a Savings Account. Whether you are saving for something special or just putting money aside for a rainy day, a Savings Account at F&M Bank will help get you on the way! And, you can simplify the opening process by using our online account application!
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Statement Savings
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Money Market Deposit Account
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Christmas Club
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| Minimum to Open
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$100
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$2,500
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$5
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| Required Minimum Balance to Avoid Maintenance Fee
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$100 each quarter
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$2,500 each month
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NA
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| Maintenance Fee
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$5
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$10
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NA
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| Earns Interest
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Yes - See Rates
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Yes - See Rates
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Yes - See Rates
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| Minimum to Earn Interest
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$250
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$1,000
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$5
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| Withdrawal Fees
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$1 per withdrawal in excess of 6/month**
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$1 per withdrawal in excess of 6/month**
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No withdrawals allowed***
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| Online Banking
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Free
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Free
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Free
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| Online Bill Pay
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Free
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Free
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Free
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| Mobile Banking
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Free
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Free
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Free
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| eStatements*
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| Combined Statements
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| 24 Hour Phone Banking
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Free
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Free
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Free
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* Click here to sign up for eStatements
** Federal Regulation limits the number of electronic debits (via telephone or internet) and third party checks to 6 per month.
***Funds are paid out each year in mid-October for the balance plus any earned interest. You can start a Christmas Club at any time of the year. If you close the account early, you will forfeit any earned interest.
*** Click here for the Funds Availability Disclosure