Select Account Type

Online Banking

IRA and COD Services

Like an umbrella on a rainy day, Farmers & Merchants Bank has got you covered with a broad range of investment options-the beginning of any successful retirement plan.

With our IRA services, your financial objectives can be realized. Our accounts earn competitive rates, so your retirement funds grow quickly and steadily. This is one of the most secure forms of retirement planning, because every account is insured by an agency of the federal government.

Farmers and Merchants offers Traditional, Roth, and Educational IRA’s. If you are 50 years or older, take advantage of the new “catch up” provisions that allow those who haven’t saved enough to increase IRA contributions an additional $500.

IRA info

  • Minimum opening balance $25
  • Individual Retirement Account – Current FMB competitive rate on open account.
  • 18-month variable
  • 12 month fixed
  • 60 month fixed

COD info

  • Minimum opening balance $1000
  • Fixed rate to maturity with automatic renewal
  • Terms are: 31 days, 91 days, 182 days, 12 months, 16 months, 18 months, 24 months, 30 months, 36 months, 48 months, 60 months.
  • Substantial penalty for early withdrawal

COD Rates / Term Table



33-365 days

Amount of 3 months interest

Over one year

Amount of 6 months interest.

Go To Top