Savings Accounts

At The Farmers & Merchants Bank of Craig County, we understand the importance of savings plans to help our customers reach their personal financial goals or have cash reserves for unexpected emergencies. Therefore, we offer a variety of services to assist you in having the money you need when you need it.

The following savings plans have been designed to help secure your financial future. Stop by today and talk with any of our new accounts representatives. We are ready to discuss your individual goals and the best way to achieve them.

Passbook Savings Account

  • Minimum opening deposit of $3
  • Current variable market rate of interest is compounded monthly
  • No monthly service charge
  • Unlimited deposits and withdrawals
  • Free Direct Deposit
  • Free telephone banking

Money Market Deposit Account

  • No monthly fee for daily balances greater than $1000
  • $10 monthly fee for daily balances less than $1000
  • Minimum balance to open $1000
  • Daily accrual of interest, paid monthly
  • Limited to 6 withdrawals per month
  • Free Direct Deposit
  • Free telephone banking

Christmas Club & Vacation Club Accounts

  • Minimum opening deposit of $3
  • Fixed interest rate compounded monthly
  • Check issued annually

Certificates of Deposit

  • CD accounts from 6 months to five years
  • Competitive fixed-rates
  • Minimum opening deposit varies by term
  • 1 month early withdrawal interest penalty for 6, 12 & 18 months
  • 3 months early withdrawal interest penalty for 2, 3, 4, & 5 years

Individual Retirement Account

  • Traditional, Roth and SEP IRAs available
  • Competitive fixed rates