Deposit Rates

For the most current rates online, Merchants & Farmers Bank is your resource. The date at the top of the table reflects our most current interest rate and annual percentage yield offerings.

While we take every effort to maintain current and accurate rates on our website, please contact a personal banking representative at any of our locations for current information or with any questions you may have.

For additional information, contact us!

Effective: February 4, 2015

Interest Rate Annual Percentage Yield
* SAVINGS .20% .20%
* HSA
Health Savings Account
.20% .20%
* NOW .05% .05%
* MMA
0-$9,999.99
.05% .05%
* MMA
$10,000-$24,999.99
.10% .10%
* MMA
$25,000-$49,999.99
.15% .15%
* MMA
$50,000 and over
.20% .20%
IRA .40% .40%
30 day CD .05% .05%
60 day CD .05% .05%
91 day CD .10% .10%
182 day CD .15% .15%
273 day CD .20% .20%
12 mo CD .30% .30%
18 mo CD .40% .40%
24 mo CD .50% .50%
30 mo CD .60% .60%
36 mo CD .80% .80%
48 mo CD 1.25% 1.26%
60 mo CD 1.50% 1.51%

** Please Note:

  • Minimum opening balance required for these accounts are as follows:
    • Free checking Account: $50.00
    • Savings Account: $200.00
    • Now Account: $1,000.00
    • Money Market Account: $2,500.00
    • Individual Retirement Account: $500.00
    • Certificates of Deposit: $1,000.00
  • APY based on quarterly compounding except NOW, Money Market and Individual Retirement Accounts which are based on monthly compounding.
  • Penalty for early withdrawal

* Fees may reduce earnings
* Interest rates are subject to change at any time at Bank's discretion

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