Lafayette Parks St Martinville sign at Breaux Bridge
Savings, Money Market, CDs & IRAs
Open a Savings, Money Market, CD and IRA Today!
All Savings & Money Market Accounts Feature:
- Online Banking
- Mobile app with Mobile Deposit
- eStatements
Choice Statement Savings Account
A perfect account for those looking to establish or continue growing their savings portfolio.
- $100 minimum initial deposit
- No quarterly service charge if your daily balance stays above $100
- Competitive interest rate
- ATM card available
Sweet Saver Savings Account
For individuals seeking an interest earning combination checking and savings product.
- $1 minimum initial deposit
- Pairs with our Sweet Saver Checking account
- No monthly service charge
- Earn interest on both Sweet Saver accounts
- Pending qualification, ATM fees can be refunded
Choice Money Market Deposit Account
An account for the experienced saver; an excellent choice for high-balance savings.
- Tiered interest rates for optimal savings
- ATM/Debit card available
- $5 monthly service charge
- $2,500 minimum initial deposit
- Limit of six withdrawals per month ($5 per additional withdrawals/transfers)
Christmas Club
A convenient holiday helper, to make for hassle-free holidays.
- No monthly service charge
- $10 minimum initial deposit
- $5 charge if closed before the annual disbursement
- Annual payout can be directly deposited into your FM Bank account
- Disbursements take place annually in October
Certificates of Deposit
Why a CD?
Many people choose a CD for flexible term options and the ability to earn interest without being concerned about losing principal balances on the investment.
Benefits:
- Guaranteed returns
- Multiple term options
- Automatic renewal at maturity
- $500 minimum opening deposit
Individual Retirement Accounts
With IRAs, securing your retirement is incredibly easy. These retirement accounts are invested safely into Certificates of Deposit.
Traditional IRAs
Great for long-range retirement goals, the Traditional IRA allows you to invest your earned income in a tax-deferred manner. With a traditional IRA, you can invest your pre-tax dollars into a retirement account and earn interest. Your contributions are tax-deductible, depending on your income, tax filing status, and other factors. When you take your distribution, the income is treated as ordinary income and is subject to tax.
Roth IRAs
Similar to a Traditional IRA, this account is excellent for long term savings goals. However, a Roth IRA is funded with your after-tax dollars, and you are not subject to income tax on qualified distributions.