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Current Rates

Description Interest
Rate
APY
*91-day CD 1.25% 1.25%
*6-month CD 1.75% 1.75%
*12-month CD 2.50% 2.50%
*24-month CD 3.00% 3.00%
*36-month CD 3.00% 3.00%
*10-month Line of Credit 2.25% 2.25%
Traditional IRA (Variable Rate) 1.24% 1.25%
Money Market $.01 - $2,499.99 .10% .10%
Money Market $2,500 - $24,999.99 .25% .25%
Money Market $25,000 and above 1.00% 1.00%
Passbook Savings .10% .10%
NOW Checking Account .10% .10%

*APY refers to Annual Percentage Yield based on interest rate.
Rates are accurate as of 03/17/08

Compounded annually on all CD'S.
Compounded quarterly on IRA'S & Savings.
Compounded monthly on Money Market & NOW Checking.
Fees, if any, may reduce earnings.
A penalty may be imposed for withdrawal before maturity.

Please contact an employee for further information about applicable fees & terms.


Farmers and Merchants State Bank
125 E James Street P.O. Box 137
Paynesville,MN 56362
(320)-243-3702