Preferred Savings
The boost your savings deserves.
You work hard to build your savings. So do we.
You want a savings account that works as hard as you do – A Preferred High-Yield Savings account from F&M is designed to do just that. With premium account benefits and competitive interest rates, what are you waiting for? Open your account and give your savings the boost it deserves today!
- Competitive interest rate
- Free online & mobile banking
- Free online statements
- 24/7 deposits
*APY – Annual Percentage Yield effective as of December 18, 2024. Rates are subject to change. Preferred Savings only available for new customers or deposits of new funds not currently held with F&M Bank. Personal accounts only. Interest will be paid on your daily account balance as follows: If your daily balance is $9,999.99 or less, the interest rate paid on the entire balance will be 0.01% with an APY of 0.01%. If your daily balance is $10,000.00 or greater, the interest rate paid on the entire balance will be 2.73% with an APY of 2.77%. Interest will be compounded every day. Interest will be credited to your account every quarter. A minimum deposit of $1,000.00 is required to open this account. A $3.00 monthly service fee will be charged if a $300.00 minimum balance is not maintained each day during the month. This fee will be assessed on the last business day of the month. Fees may reduce earnings. Limit one (1) savings account per household.
