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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

VIP Interest Checking 

VIP Platinum Interest Checking

Choice Interest Checking 

 Description

A FREE account for everyone! 

Perfect checking accounts for customers 50 and better!

A great checking account with interest and F&M Rewards! 

A great checking account with interest and Platinum F&M Rewards!

An account for those interested in higher interest!

Monthly Maintenance Fee

No Monthly Fee 

No Monthly Fee 

Monthly Maintenance Fee:
$8 per month

Monthly Maintenance Fee:
$12 per month

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

Minimum Opening Balance

$50 

$50

$50 

$50

$50 

Interest Bearing

N/A

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F&M Rewards
powered by BaZing*

  • Merchant Discounts
  • Cell Phone Replacement Protection
  • Identity Theft Aid
  • BaZing Fuel
  • Roadside Assistance

N/A

N/A

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PLUS:

Accidental Death & Common Carrier Insurance

and

Buyers Protection and Extended Warranty

N/A

Free Mobile Banking

(Data service charges may apply)

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Free Online Banking 

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Free Bill Pay

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Free VISA® Debit Card with uChoose Rewards® & CardValet®

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Statements

Your Choice: Monthly Paper or
E-Statement

Your Choice: Monthly Paper or
E-Statement

Your Choice: Monthly Paper or
E-Statement

Your Choice:
Monthly Paper or
E-Statement

Your Choice: Monthly Paper or E-Statement

Unlimited Check Writing

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Free Standard Checks

N/A

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N/A 

N/A

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*Registration is required to access F&M Rewards powered by BaZing benefits. 

All F&M Personal Checking Accounts include:

Although F&M Mobile Banking is offered at no charge, data service charges may apply through your wireless carrier. Other fees such as non-sufficient funds, overdraft, sustained overdraft fees, etc. may apply. See fee schedule for details.

Free gift may be reported on a 1099-INT or 1099-MISC. Free gift provided at the time of account opening.

Your new F&M Bank checking account will be credited $2 per pad of unused checks and $2 per debit card, up to $10 at the time the checks/debit cards.

 

Checking Products

Smart Free Checking

Smart Free Checking is FREE for everyone! 

  • No Minimum Balance
  • No Monthly Service Charge

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.

  • Competitive Interest - View Current Rates
  • Free Standard Checks
  • No Minimum Balance
  • No Monthly Fees

VIP Interest Checking

This account is a Smart Choice if you want to earn interest on your entire balance and reap the benefits of a wide array of F&M Rewards for a low monthly service charge.

  • Competitive Interest - View Current Rates
  • BaZing Fuel with 15 debit card swipes per month, save 10¢ per gallon on up to 20 gallons4
  • National, Regional, and Local merchant discounts1
  • Pharmacy and Vision discounts (Health Savings Card)1
  • Identity Theft Aid2,3
    • Payment Card Fraud Resolution
    • $2,500 Personal Identity Protection (for qualified expenses)
    • ID Recovery and Restoration
    • ID Monitoring and Credit Monitoring
  • $400 Cell Phone Protection2,3
  • 24-Hour Roadside Assistance (up to $80 for qualified expenses)
  • Only $8 monthly service charge
  • $50 Minimum Opening Balance

1. Participating merchants on BaZing are not sponsors of the program, are subject to change without notice, may not be available in all regions, and may choose to limit deals.

2. Cell phone protection and personal identity theft benefits are subject to additional terms and conditions.

3. Insurance products are: NOT A DEPOSIT, NOT FDIC INSURED, NOT INSURED BY ANY FEDERAL GOVERNMENT AGENCY. NOT GUARANTEED BY THIS FINANCIAL INSTITUTION.

4. You’ll receive a one-time activation reward of $0.10 per gallon when you activate BaZing Fuel. You’ll earn a monthly reward of $0.10 per gallon each month when you have 15 eligible debit card transactions post and settle during the Monthly Qualification Cycle (MQC), which is defined as the first day of the month through the last day of the month. Only transactions posted during the MQC will count towards the monthly reward for that MQC. The following activities do not count toward earning BaZing Fuel: ATM withdrawals, transfers between accounts, deposit or refund transactions. Transactions posted during the MQC greater than the monthly reward requirement will be stored to count towards a bonus reward of $0.10 per gallon. When you have 50 stored bonus transactions you will earn the bonus reward. You will continue to earn bonus rewards for every 50 stored bonus transactions accrued. If the required monthly reward transaction count is not met during the MQC, no transactions are counted for any reward during that MQC or the bonus reward. BaZing Fuel is limited to 20 gallons of fuel per purchase, per vehicle, or fraud limits placed by Shell and/or limits placed on your payment card by your financial institution, each of which may be lower. To activate, you will need to have online banking with your financial institution. Refer to the BaZing Fuel Terms and Conditions for full disclosures. BaZing Fuel offer may be changed at any time and without notice.

VIP Platinum Checking

A great checking account with interest and Platinum F&M Rewards!

  • Competitive Interest - View Current Rates
  • BaZing Fuel with 15 debit card swipes per month, save 10¢ per gallon on up to 20 gallons4
  • National, Regional, and Local merchant discounts1
  • Pharmacy and Vision discounts (Health Savings Card)1
  • Identity Theft Aid2,3
    • Payment Card Fraud Resolution
    • $5,000 Personal Identity Protection (for qualified expenses)
    • ID Recovery and Restoration
    • ID Monitoring and Credit Monitoring
  • $600 Cell Phone Protection2,3
  • 24-Hour Roadside Assistance (up to $80 for qualified expenses)
  • $25,000 Accidental Death and $100,000 Common Carrier Insurance3
  • $2,500 Buyers Protection and 180 Day Extended Warranty2,3
  • Only $12 monthly service charge
  • $50 Minimum Opening Balance

1. Participating merchants on BaZing are not sponsors of the program, are subject to change without notice, may not be available in all regions, and may choose to limit deals.

2. Cell phone protection, personal identity theft benefits, and buyer’s protection and extended warranty are subject to additional terms and conditions.

3. Insurance products are: NOT A DEPOSIT, NOT FDIC INSURED, NOT INSURED BY ANY FEDERAL GOVERNMENT AGENCY. NOT GUARANTEED BY THIS FINANCIAL INSTITUTION.

4. You’ll receive a one-time activation reward of $0.10 per gallon when you activate BaZing Fuel. You’ll earn a monthly reward of $0.10 per gallon each month when you have 15 eligible debit card transactions post and settle during the Monthly Qualification Cycle (MQC), which is defined as the first day of the month through the last day of the month. Only transactions posted during the MQC will count towards the monthly reward for that MQC. The following activities do not count toward earning BaZing Fuel: ATM withdrawals, transfers between accounts, deposit or refund transactions. Transactions posted during the MQC greater than the monthly reward requirement will be stored to count towards a bonus reward of $0.10 per gallon. When you have 50 stored bonus transactions you will earn the bonus reward. You will continue to earn bonus rewards for every 50 stored bonus transactions accrued. If the required monthly reward transaction count is not met during the MQC, no transactions are counted for any reward during that MQC or the bonus reward. BaZing Fuel is limited to 20 gallons of fuel per purchase, per vehicle, or fraud limits placed by Shell and/or limits placed on your payment card by your financial institution, each of which may be lower. To activate, you will need to have online banking with your financial institution. Refer to the BaZing Fuel Terms and Conditions for full disclosures. BaZing Fuel offer may be changed at any time and without notice.

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.  

  • Tiered Interest*View Current Rates
    • $0 - $2,499.99
    • $2,500 +
  • Free Wallet Style Choice Interest Checking Checks
  • $50 Minimum Opening Balance

*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.

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.

ORDER NOW

FDIC Coverage

For information about FDIC insurance coverage of transaction accounts, visit www.fdic.gov.

E-Statements

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.

LEARN MORE ABOUT HSAS

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.

F&M ONLINE RETIREMENT CALCULATORS

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

More information about Traditional IRAs:

UNDERSTANDING REQUIRED DISTRIBUTIONS

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

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.

F&M Rewards

F&M Rewards powered by BaZing

 All Checking Accounts are Not Created Equal. 

That's why we're offering VIP InterestVIP Platinum Checking accounts with F&M Rewards powered by BaZing, checking accounts that give you more Smart Choices for Your Money! When you're out shopping, you deserve the best deals available. F&M Rewards powered by BaZing deliver instant savings on thousands of businesses all over the United States. Plus, you have valuable protection and insurance on cell phones, mobile devices, identity, and more at NO EXTRA CHARGE.

View the F&M Rewards for each account:

VIP Interest Checking Benefits Reference Guide VIP Platinum Checking Benefits Reference Guide

LOGIN AND ACCESS YOUR BENEFITS NOW!

How do I register for F&M Rewards powered by BaZing?

If you are currently a VIP Interest or VIP Platinum Checking customer but are not taking advantage of your F&M Rewards, please call or stop by your nearest F&M location and an F&M Representative will be more than happy to help you register! Registration is simple and incurs no additional charge for F&M's VIP Interest & VIP Platinum Checking Account Holders.

If you are not a VIP Interest or VIP Platinum Checking customer but would like to take advantage of the full benefits of F&M Rewards powered by BaZing, you will need to open a VIP Interest or VIP Platinum Checking account at any of our F&M locations. Registration is free and easy and can be done at the time of account opening.

If you need help setting up your account, let us know!

We hope you enjoy the benefits and F&M Rewards powered by BaZing!

F&M MobilePlus!

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

LEARN MORE

 
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