Business Savings
At Farmers-Merchants Bank, we have solutions to help you save for your future business needs. A Business Money Market account gives you flexible access to your funds, giving you the ability to manage your cash flow to suit your operational requirements. If you’re looking for a fixed-rate option that doesn’t require liquid access to your funds for a period of time, a CD account ranging in terms from 91 days to 60 months, is a great investment product.
| Business Money Market | Certificates of Deposit (CD) | |
|---|---|---|
| Minimum Balance to Open | $1,000 | $1,000 |
| Terms | N/A | Range from 91 days to 60 Months |
| Monthly Service Charge | $6 if average daily balance falls below $1,000 | None |
| Earns Interest | Yes, with average daily balance of $1,000 or greater | Yes |
| Interest Accrual | Compounded daily, credited monthly | Compounded daily, credited monthly |
| Free Online and Mobile Banking | Yes | Yes |
| Free Bill Pay and e-Statements | Yes | N/A |
| Free Checks | Free first box when account is opened | N/A |
| Transaction Limits | Six withdrawals or preauthorized transfers per month | Penalty may be imposed for early withdrawals |
