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Personal Deposit Solutions

F&M Bank can help you keep you manage your money and safe for the future. With multiple deposit and high interest savings options, you can choose the type of account that fits your lifestyle. Whether you are saving for a rainy day or saving for retirement, we can help you invest.


Personal Checking

Select the account that fits your financial style! What are your money managing habits? Do you write lots of checks? Or do you prefer swiping your debit card? Pay bills and reconcile your account online? Whatever your style ... whatever services and features you need ... F&M Bank has the right personal checking account for you.

Checking Products Comparison Chart
Account Offerings 

Smart Free Checking

50+ Interest Checking

Choice Interest Checking 


A FREE account for everyone! 

Perfect checking accounts for customers 50 and better!

Options for high interest checking accounts too!

Monthly Maintenance Fee

No Monthly Fee 

No Monthly Fee 

No Monthly Maintenance Fee with:
$2,500 minimum daily balance
$8 per month

Minimum Opening Balance




Interest Bearing
(Current Rates)




Free Mobile Banking
(Data service charges may apply)




Free Online Banking and Bill Pay




Free VISA Debit Card




uChoose Rewards® Program





Your Choice: Monthly Paper or

Your Choice: Monthly Paper or

Your Choice: Monthly Paper or

Unlimited Check Writing




Free Standard Checks





Checking Products

Smart Free Checking

Smart Free Checking is FREE for everyone! No monthly maintenance fee. No minimum balance requirement when you open an account and no per-check charges.

  • Unlimited Check Writing
  • Free Online Banking and Bill Pay
  • Free F&M Mobile Banking
  • Free F&M Debit Card with uChoose Rewards
  • Toll-Free Phone Banking
  • Free Monthly E-Statement with Check Images (requires e-mail address) or paper statement
  • Nationwide ATM Surcharge Fees Automatically Refunded up to $20 Each Month
  • $50 Minimum Opening Balance

We’re proud to offer free checking account options for all of our clients. Most often, banks or other smaller credit unions will charge a monthly fee for smaller accounts. But, we designed our checking accounts so you don’t have to worry about excessive fees.

50+ Interest Checking

50+ Interest Checking is perfect if you're 50 or better and want to earn interest but prefer no monthly maintenance fee and no minimum balance requirement.

  • Interest Bearing - View Current Rates
  • Unlimited Check Writing
  • Free Online Banking and Bill Pay
  • Free F&M Mobile Banking
  • Free F&M Debit Card with uChoose Rewards
  • Toll-Free Phone Banking
  • Free Monthly E-Statement with Check Images (requires e-mail address) or paper statement
  • Nationwide ATM Surcharge Fees Automatically Refunded up to $20 Each Month
  • $50 Minimum Opening Balance

Choice Interest Checking

This account is your Smartest Choice if you are interested in earning near CD interest rates on your checking account balance. Pay no fee by keeping a $2,500 minimum daily balance - otherwise, pay a modest $8 maintenance fee per statement cycle.
Tiered Interest - Interest earned on the total balance.  (Find our current rates here)

  • Interest Tiers*
    • $0 - $2,499.99
    • $2,500 +
  • Unlimited Check Writing
  • Nationwide ATM Surcharge Fees Automatically Refunded up to $20 Each Month
  • Free Wallet Style Choice Interest Checking Checks
  • Free Online Banking and Bill Pay
  • Free F&M Mobile Banking
  • Free F&M Debit Card with uChoose Rewards
  • Toll-Free Phone Banking
  • Monthly Paper Image Statement or Convenient E-Statement
  • $50 Minimum Opening Balance
  • Higher annual percentage yield (APY)

The more money in your account the more interest you can earn back. That’s why for this option we require a minimum of $2,500 with no fee. This is what allows us to provide interest rates comparable with insured CD savings accounts.

If your goal is earning interest back on your account, you may consider a high rate savings account. Even though our Choice and VIP checking accounts offer higher rates than our other checking accounts, high yielding savings accounts will offer more returns.

On the other hand, if you need flexibility and fluid access to your account and funds, then a checking account is most likely the best option. You can always give us a call and we’ll be happy to review all your options.

*Interest earned on total balance. Higher balances earn a higher interest rate. Interest rate is variable and earnings are credited monthly to your account based on the listed tiers.

Benefits of Online Banking

Managing your money on the go has never been easier. You can bank from your mobile device or personal computer with ease. We know life is busy, and that you don’t always have the time to spend at a bank or financial institution. We made it so you can easily handle many things from your online banking account, including:

  • Bill payments
  • Transfer money between your accounts
  • Mobile deposit
  • Review past transactions

To access all the benefits of your checking account online, download the F&M Bank MobilePlus! Banking App. You can even connect your account to accounts at other banks and credit unions. You can also use the app to find nearby F&M Banks and approved ATMs so you can avoid paying out of network ATM charges.

Reorder Checks

Re-ordering your checks online is fast, easy and secure! Shop online for a variety of styles designs and choices. You can order checks online at your convenience...24 hours a day, 7 days a week.


FDIC Coverage

For information about FDIC insurance coverage of transaction accounts, visit


Choose whether you review your statement period reports electronically or on paper. In order to sign up for e-statements, simply provide your preferred email address when you open your account.

Personal Savings

Select A Savings Account To Suit Your Needs! A sure way to secure your financial future is by SAVING today! There's nothing more rewarding than watching your MONEY GROW ... simply because you made a SMART CHOICE. Whether your savings mission is for a not so far off purchase or for a comfortable retirement ... your money is safe because it's FDIC insured for up to $250,000.

Savings Products

Choice Money Market

This is a smart investment choice if you want to earn aggressively tiered market interest rates, but maintain total access to you money!

  • Minimum Opening Deposit – $50
  • Tiered Interest Rates – Paid on all balances. As you increase your account balance, you’ll earn more! Your interest rate INCREASES based on the following tiers:
    • Interest Tiers
    • $0 - $24,999.99
    • $25,000.00 - $49,999.99
    • $50,000.00 - $99,999.99
    • $100,000.00 - $499,999.99
    • $500,000.00 - $999,999.99
    • $1,000,000.00 and up
  • Current interest rates
  • 24-Hour Access – Withdrawals can be made at any F&M Bank office. You can transfer funds in and out of your account via Online Banking and our toll-free Telephone Banking.
  • Deposits – Add to your balance anytime
  • Withdrawals/Transfers – During any statement cycle you may not make more than 6 withdrawals or transfers to another account or third party. View our Fees
  • Free Checks
  • $12 maintenance fee waived on balances of $2,500 and above. View our Fees
  • Monthly Account Statements

Smart Savings

Whether you are putting aside money for a rainy day or a major purchase down the road, this account will help you develop good savings habits while earning interest on your money

  • Minimum Opening Balance – $50
  • Access To Funds – If you have an F&M Bank checking account, you can make deposits and withdrawals at any F&M Bank office. Transfers in and out of your account can be made via Online Banking and Telephone Banking. You can likewise get cash from your account at any VISA or Cirrus network ATM worldwide (fees may be charged by other banks for using their ATMs).
  • Interest Earnings – Calculated daily, compounded and credited quarterly
  • Withdrawals – During any statement cycle you may not make more than 6 withdrawals or transfers to another account or third party. View our Fees
  • Account Statements – Mailed quarterly
  • No Maintenance Fee – On account balances of $100 and above. View our Fees

Youth Savings

The key to building good savings habits is to start young. F&M Bank offers this NO FEE savings account for persons under 21 years of age.

  • Minimum Opening Balance – $50
  • Interest Earnings – Calculated daily, compounded and credited quarterly on all balances.
  • Withdrawals – During any statement cycle you may not make more than 6 withdrawals or transfers to another account or third party. View our Fees
  • No Service Charge
  • Account Statements – Mailed quarterly

HSA – Health Savings Accounts

Health Savings Accounts (HSAs) offer flexible way to pay for personal health care expenses, co-pays and deductibles. To qualify, you must be covered by a high-deductible health plan (HDHP). HSAs let you save for current and future health care expenses on a tax-free basis. You control the money in your HSA and make decisions on how and when to spend the money.


CDs & IRAs

CD & IRA Products

Certificates of Deposit (CDs)

If you want a guaranteed return on your investment, check into an F&M Bank Certificate of Deposit. CDs range from 90 days to five years, depending on the term and interest rate you desire. Contact any F&M Bank office for information on current and special CD interest rates.

  • Minimum Investment – $1,000
  • Interest Rates – Interest rates vary according to investment amount and term. View our current interest rates.
  • Access To Interest Earnings – Receive your interest by check (monthly, quarterly, semi-annually or annually) or by Direct Deposit into an F&M Bank checking or savings account
  • Automatic Renewal – Renewal options sent by mail allow you to renew your CD at the new interest rate without a trip to the bank
  • Service Charge – A penalty may be imposed for early withdrawals. View our fees.

Ask us about our CDARS program, that allows us to offer FDIC insurance on CD's up to $50 million.

Individual Retirement Account (IRA)

Putting money away in an IRA will get you farther than just putting it in a checking or savings account can. Learn more about this type of retirement account and which one fits your saving needs and let you pay taxes later.

The tax treatment of after-tax retirement accounts varies between types of accounts. These retirement accounts can be made up of cash, mutual funds, and stocks.

Features Common to all F&M Bank IRA Accounts:
  • Minimum Opening Deposit – $1000 ($100 with IRA Plus).
  • Interest Earnings – Interest earnings are posted to your account quarterly.
  • Deposits – Can be made at any time to the IRA Plus.
  • Withdrawals – The IRS may impose a penalty for pre-mature withdrawals.


Traditional IRA

With a Traditional IRA, you can benefit from possible tax-deductible contributions and earnings that grow tax deferred. This is a simple way to save funds and pay fewer income taxes. Employer contributions often offer incentives and will match the funds you add to your account as long as they come from your paycheck.

  • Contributions may be tax-deductible, or you may be able to make non-deductible contributions.*
  • Earnings that remain invested are tax-deferred.
  • Taxes are paid at the time of distribution (usually after retirement).
  • You are eligible to contribute if you've earned income and won't be 70½ years of age by December 31.
  • Account Statements – Mailed annually
  • Insured by the FDIC
  • Current CD / IRA Rates


More information about Traditional IRAs:


Roth IRA

A Roth IRA may be appropriate for investors with growing earning potential who expect the same or higher tax rate in retirement. The primary requirement for contribution is having earned income. This comes from a paycheck, tips, bonuses, and running your own business. Assets and rental properties are some types of income that aren't considered earned income.

  • Contributions are made after tax, but earnings can remain invested tax-free.*
  • Qualified distributions are tax-free after age 59½
  • You can withdraw contributions tax-free at any time.
  • More information about Roth IRAs


Rollover IRA

If you're leaving a job, retiring or have money left in a former employer's retirement plan, you may want to consider rolling over your plan account balance to an F&M Bank IRA.

  • Eligible distributions from an employer-sponsored retirement plan can be directly transferred into a Rollover IRA.
  • Direct rollover avoids 20% withholding requirement on distributions from employer-sponsored plans.

SEP IRA – Simplified Employee Pension

Self-employed individuals and small business owners can contribute to a retirement plan with higher contribution limits than other types of IRAs to help them grow tax free and save for retirement.

  • All eligible employees are covered.
  • Any contributions in a SEP are 100% vested immediately.
  • Administration may be simpler than a 401(k) plan.
  • Earnings can grow tax-deferred.
  • Higher annual contribution limits

IRA Plus

This unique TIERED IRA makes it easy to start small and work your way up to significant retirement savings. As an example, with every paycheck, you can choose to make an automatic transfer of a modest amount directly into your IRA Plus account.

  • Opening Deposit – $100
  • Tiered Interest Rates – Earns higher interest based on higher balances. Interest rates are variable.
  • Interest Tiers
    • $ 0 - $ 2,999
    • $ 3,000 - $ 9,999
    • $ 10,000 - $ 24,999
    • $ 25,000 - $ 49,999
    • $ 50,000 - $ 99,999
    • $100,000 and above
  • Current Tiered Interest Rates
  • Deposits – Can be made at any time.
  • Withdrawals – The IRS may impose a penalty for pre-mature withdrawals.*
  • Account Statements – Mailed quarterly.

*Consult with a qualified financial adviser for tax advice regarding retirement accounts.

Catch Up Contribution

If you are over the age 50, you may be eligible to make additional contributions to your retirement accounts. This is part of the Economic Growth and Tax Relief Reconciliation Act of 2001 to help older individuals set aside enough money for their retirement.

Individuals can make catch-up contributions through their employee 401(k) but if this is not available, they can contribute to traditional and Roth retirement plans they set up for themselves.


If you have questions about your current VIP Interest Checking w/BaZing, contact us via secure web form or by calling 800-645-4199.

If you have questions about your current BaZing Benefits, contact or by calling 855-822-9464.

Stay tuned for F&M Rewards coming July, 1 2021!!

F&M MobilePlus!

On the go? Download the F&M MobilePlus! app today and bank anywhere, anytime.


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