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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
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