FDIC-Insured - Backed by the full faith and credit of the U.S. Government
FDIC-Insured - Backed by the full faith and credit of the U.S. Government
Farmers and Miners Bank has an account that fits the needs of every kind of customer. Whether you are opening an account for the first time or planning to upgrade your services, Farmers and Miners Bank has the right account to suit your needs.
To open a new deposit account, visit your nearest Farmers and Miners Bank location today.
The Regular Savings Account compounds interest daily using the daily balance method to calculate interest on your account. Interest is credited to the account every quarter. A minimum deposit of $25 is required to open a savings account.
The Twig Savings Account is designed for children up to eighteen (18) years of age.
Featuring monthly compounded interest using the daily balance method, interest is deposited to the account on a monthly basis. Twig Accounts earn a higher interest rate than a regular savings account on balances up to $500. No minimum deposit is required.
Designed to help customers have extra cash on hand at Christmas, this account earns interest at a predetermined rate which is disclosed at the opening of the account. Maturing in October of each year, this account only requires $2 to get started!
If you are looking for a higher interest rate, this is the account for you. The Super Savings Account features competitive tiered interest rates and no service charges regardless of your balance. You can even write up to six checks per month directly from your Money Market account or connect your VISA® Debit Card to your account. You are also allowed to make unlimited in-person withdrawals. This account requires a minimum opening balance of $2,500.
Traditional, as well as Roth, IRAs are available. An IRA is a type of trust, a savings plan designed to supplement retirement income from Social Security and pension plans.
Certain contribution limitations, tax deductibility, tax penalty and distribution issues apply to IRAs.
Anyone considering opening an IRA (Traditional or Roth) should consult their tax advisor and IRS Publications.
Certificates of Deposit are generally available from one (1) month to five (5) years.
REQUIREMENTS: Minimum deposit to purchase a Certificate of Deposit.
SERVICE CHARGES: Early withdrawal penalties may apply.
For more information about FDIC Insurance, please use the FDIC’s Electronic Deposit Insurance Estimator (EDIE).