FARMERS-MERCHANTS BANK offers up-to-date competitive interest rates with
a wide variety of time periods and deposit amounts. Our rates are updated
weekly based on changes in the market and we offer competitive rates.
| Amount deposited:
- Less than $10,000
- $10,000 to $99,999
- $100,000 or more
|
Time of Deposit:
- 30 days
- 60 days
- 90 days
- 180 days
- 1 year
- 2 years
- 3 years
|
Come in and let any of our Customer Service Representatives help you
invest your money in the Certificate of Deposit that is right for you!
| Account
Features |
| Term |
28 Months |
| Minimum Opening Deposit |
$5,000 |
| Triple
Options Feature |
| Option 1 |
Increase the interest rate one time during the Option
Period which starts on the last day of the 14th month of the CD term
and lasts for 10 days |
| Option 2 |
Make additional deposits to the CD in minimum amounts
of $1,000 |
| Option 3 |
Withdraw from the CD in minimum amounts of $1,000 per
withdrawal up to 50% of the original amount of the CD, without penalty
* |
| *
A penalty of seven (7) days interest will be assessed on any withdrawal
made within six (6) days of a previous withdrawal or deposit. Additionally,
if more than 50% of the original deposit is withdrawn, a penalty
of 90 days interest on the amount withdrawn in excess of 50% will
be assessed. The early withdrawal penalty will be based on the interest
rate in effect at the time of withdrawal. |
| Interest
Rate and Annual Percentage Yield (APY) |
| Please call (337) 332-2115
for the current interest rate, annual percentage yield and other account
information. |
