Rates

Rates as of 11-08-2024

Checking and Savings Accounts                                             

F&M CLASSIC PLUS*                                                                                          

BalanceInterest RateAnnual Percentage Yield
$1,500+ 0.10% 0.10%

$50.00 minimum deposit to open account. You must maintain a minimum balance of $1,500 in the account each day to obtain the Annual Percentage Yield (APY).

Personal Savings Account*/ Business Savings Account* /Christmas Club*

BalanceInterest RateAnnual Percentage Yield
Under $2,500 0 .25% 0.25%
$2,500-$4,999.99 0.30% 0.30%
$5,000-$24,999.99 0.40% 0.40%
$25,000+ 0.45% 0.45%

$100.00 minimum deposit to open a savings account. $10.00 minimum deposit to open a Christmas Club account. The minimum balance required to obtain the APY is $0.01.

Money Market Savings*

BalanceInterest RateAnnual Percentage Yield
Under $5,000 0.25% 0.25%
$5,000-$24,999.99 0.65% 0.65%
$25,000-$99,999.99 1.00% 1.00%
$100,000-$249,999.99 1.15% 1.15%
$250,000+ 1.40% 1.40%

$100.00 minimum deposit to open account. The minimum balance required to obtain the APY is $0.01.

Money Tree Savings* | Junior Savings* 

BalanceInterest RateAnnual Percentage Yield
All Balances 0.80% 0.80%

$10.00 minimum deposit to open account. The minimum balance required to obtain the APY is $0.01.

Certificates of Deposit

6 Month CD**

BalanceInterest RateAnnual Percentage Yield
$1,000+ 4.40% 4.45% 
$10,000+ 4.40% 4.45% 
$100,000+ 4.40% 4.45% 

$1,000.00 minimum deposit to open account.

12 Month CD**

BalanceInterest RateAnnual Percentage Yield
$1,000+ 2.75% 2.75%
$10,000+ 2.75% 2.75%
$100,000+ 3.00% 3.00%

$1,000.00 minimum deposit to open account.

18 Month CD**

BalanceInterest RateAnnual Percentage Yield
$1,000+ 2.50% 2.51%
$10,000+ 3.00% 3.01%
$100,000+ 3.00% 3.01%

$1,000.00 minimum deposit to open account.

24 Month CD**

BalanceInterest RateAnnual Percentage Yield
$1,000+ 2.40% 2.40%
$10,000+ 3.10%  3.10%
$100,000+ 3.20% 3.20%

$1,000.00 minimum deposit to open account.

Money Tree 36 Month CD**

BalanceInterest RateAnnual Percentage Yield
$250+ 2.50% 2.50%

$250.00 minimum deposit to open account.

36 Month CD**

BalanceInterest RateAnnual Percentage Yield
$1,000+ 2.50% 2.50%
$10,000+ 3.15% 3.15%
$100,000+ 3.25% 3.25%

$1,000.00 minimum deposit to open account.

48 Month CD**

BalanceInterest RateAnnual Percentage Yield
$1,000+ 2.60% 2.60%
$10,000+ 3.25% 3.25%
$100,000+ 3.30% 3.30%

$1,000.00 minimum deposit to open account.

60 Month CD**

BalanceInterest RateAnnual Percentage Yield
$1,000+ 2.70% 2.70%
$10,000+ 3.30% 3.30%
$100,000+ 3.50% 3.50%

$1,000.00 minimum deposit to open account.

Individual Retirement Accounts

18 Month IRA(*) (**)

BalanceInterest RateAnnual Percentage Yield
$10 3.25% 3.26%

$10.00 minimum deposit to open account.

60 Month IRA and 60 Month Roth IRA(*) (**)

BalanceInterest RateAnnual Percentage Yield
$1,000 3.50% 3.50%

$1,000.00 minimum deposit to open account.

12 Month Roth IRA(*) (**)

BalanceInterest RateAnnual Percentage Yield
$25 3.50% 3.50%

$25.00 minimum deposit to open account.

Educational Savings

12 Month Coverdell Educational Savings Account(*) (**)

BalanceInterest RateAnnual Percentage Yield
$25 3.50% 3.50%

$25.00 minimum deposit to open account.

 

Heritage Plus Receives the $10,000+ Tier APY if Balance is < $100,000

Balance: The amount of principle in the account each day.
*The interest rate and annual percentage yield may change after account opening.
**A penalty may be imposed for early withdrawal. Fees could reduce the earnings on the account.
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