Farmers and Merchants Bank of St. Clair savings, CD and money market rates
Farmers and Merchants Bank of St. Clair advertises 0.20% APY on its Statement Savings account. That is 0.18 percentage points below the national savings average of 0.38% (FDIC, Aug 2026).
Ranked #406 of 679 tracked savings rates by advertised APY. For a $10,000 balance it would rank #348.
Estimate your earnings·What Farmers and Merchants Bank of St. Clair actually pays
Farmers and Merchants Bank of St. Clair at a glance
| Savings | |
|---|---|
| Top savings APY | 0.20% · Statement Savings |
| Minimum to open | $200 · Statement Savings |
| Against the national average | 0.18 percentage points below the 0.38% FDIC savings average (Aug 2026) |
| CDs | |
| Top CD APY | 4.15% · 5 months · 5 Month CD (New Money) |
| Minimum to open | $500 · 5 months CD |
| Against the national average | 2.74 percentage points above the 1.41% FDIC 6-month CD average (Aug 2026) |
| Money market | |
| Top money market APY | 3.51% · Premium MMDA · needs at least $250,000 |
| Minimum to open | $50,000 · Premium MMDA |
| Against the national average | 2.88 percentage points above the 0.63% FDIC money market average (Aug 2026) |
| FDIC certificate | 14056 · Saint Clair, MO |
|---|---|
| Website | www.fmb4banking.bank |
| Branches | 4 branches in MO |
| Availability | Available in MO |
Farmers and Merchants Bank of St. Clair savings, CD and money market rates
Personal
How the rate applies
How the rate applies
How the rate applies
IRA
Rates are APY. The national savings average is 0.38% (FDIC, Aug 2026). The top tracked savings rate on Banksparency is 5.00%. Across 59 savings accounts from 57 banks in the Banksparency core savings index, the median advertised rate is 3.51%, and one account in ten advertises 4.01% or more. See the highest savings rates.
Farmers and Merchants Bank of St. Clair CD rates
| Term | APY | Minimum | Product |
|---|---|---|---|
| Personal CDs | |||
| 4 months | 4.00% | $500 | 4 Month CD |
| 5 months | 4.15% | $500 | 5 Month CD (New Money) |
| 6 months | 3.51% | $500 | 6 Month CD |
| 7 months | 3.71% | $500 | 7 Month CD |
| 12 months | 3.80% | $500 | 1 Year CD |
| 18 months | 1.50% | $500 | 18 Month CD |
| 19 months | 3.80% | $500 | 19 Month CD |
| 24 months | 3.80% | $500 | 2 Year CD |
| 36 months | 2.50% | $500 | 3 Year CD |
| 48 months | 2.50% | $500 | 4 Year CD |
| 60 months | 2.50% | $500 | 5 Year CD |
| IRA CDs | |||
| 12 months | 3.80% | $500 | IRA 12 Month CD |
| 18 months | 1.50% | $500 | IRA 18 Month CD |
| 24 months | 3.80% | $500 | IRA 24 Month CD |
| 36 months | 2.50% | $500 | IRA 36 Month CD |
| 60 months | 2.50% | $500 | IRA 60 Month CD |
Interactive Tool
Calculate Savings for Farmers and Merchants Bank of St. Clair
All calculations are based on APY.
Savings Breakdown
- Interest Earned+$93.40(0.7%)
- Total Contributions$13,000
- Initial Deposit$1,000
Projected Balance
$14,093.40
The Banksparency Savings Calculator provides estimated savings growth based on user input and our latest data.
What Farmers and Merchants Bank of St. Clair pays on deposits
FDIC call report data
An advertised rate tells you what a new savings account earns today. It cannot tell you how the bank has priced all of its deposits over time. This section shows that. The figure is computed from the interest expense and deposit balances that every bank files with the FDIC in the same form. That is what makes it comparable across banks and across quarters.
The two figures answer different questions, so they sit side by side and are not combined.
In Q1 2026, Farmers and Merchants Bank of St. Clair paid a higher average rate than 36% of U.S. banks (all-bank median 2.27%).
- Farmers and Merchants Bank of St. Clair, avg rate paid
- All-bank median
How to read these figures
What the average covers. It is an average across the whole bank, taken from its own quarterly FDIC call report. It covers every account that earns interest: savings, interest checking, money market accounts, CDs, and personal and business accounts at every balance tier. It also covers accounts that were opened years ago and keep the rate of those years.
What the advertised rate covers. It is the rate that this bank advertises now for a new savings account. Banksparency records it from the bank's website on the date shown beside it.
Why the two differ. They measure different things, so this page shows them side by side and keeps them apart. An advertised rate applies to one account, opened now, at today's price. The average also includes older balances at the rates of earlier years, everyday transaction balances, and CDs that were priced in a different rate environment. An average below an advertised rate is the usual result of that arithmetic. On its own it is not evidence about the account that you would open.
What the average is useful for. The bank files the data itself, under reporting instructions that are the same for every filer, and the same computation runs for every bank on this site. That makes it comparable in a way that an advertisement is not. Two things on this page read it: the percentile, which shows where the quarter sits among all filers, and the chart, which shows the direction the figure has moved across quarters.
What the average cannot tell you. It cannot tell you the rate that you would earn. No single customer earns the average. For your rate, read the advertised rate above and the rate tables on this page, each with the date it was observed.
What to do next. Use the advertised rate to work out what a new account earns. Use the chart to see how the quarterly average has moved against the all-bank median. Then compare the advertised rate against the current rates on the savings-rate tables before you open an account.
Definitions: Call Report · Rate Paid on Deposits · Interest-Bearing Deposits · Front Book and Back Book · Deposit Rate Percentile
Average annualized rate paid on interest-bearing deposits, quarterly. Source: FDIC call report data, as reported; it may be amended. The percentile compares all FDIC filers, count-weighted. A missing quarter is suppressed, never interpolated.
So what is the catch?
| Product | APY | Min to open | Min to earn | Balance cap | Monthly fee | Requirements | Rate type | 12-mo trend |
|---|---|---|---|---|---|---|---|---|
| Lazy River Kids Club Savings | 0.61% | $25 | $25 | $5,000 | No Monthly Maintenance Fee | not stated | Tiered | |
| Health Savings Account | 0.20% | $100 | $0 | None | not stated | not stated | One rate | |
| Statement Savings | 0.20% | $200 | $0 | None | No Monthly Maintenance Fee with a $200 Minimum Average Balance | not stated | One rate | |
| Premium MMDA | 3.51% | $50,000 | $50,000 | None | not stated | not stated | Tiered | |
| MMDA Regular & Business | 0.30% | $2,500 | $500 | None | No monthly maintenance fee with a $2500 minimum average balance | not stated | Tiered |
Rate type: one rate applies at every balance. A tiered rate changes with your balance. A promotional rate changes after the period shown. A balance cap is the largest balance the highest rate applies to.
The 12-month trend shows the highest advertised rate observed each day and includes promotional tiers where one applied.
CDs
| Product | Term | APY | Min to open | Early withdrawal fee | Compounding |
|---|---|---|---|---|---|
| Personal CDs | |||||
| 4 Month CD | 4 months | 4.00% | $500 | not stated | not stated |
| 5 Month CD (New Money) | 5 months | 4.15% | $500 | not stated | not stated |
| 6 Month CD | 6 months | 3.51% | $500 | not stated | not stated |
| 7 Month CD | 7 months | 3.71% | $500 | not stated | not stated |
| 1 Year CD | 12 months | 3.80% | $500 | not stated | not stated |
| 18 Month CD | 18 months | 1.50% | $500 | not stated | not stated |
| 19 Month CD | 19 months | 3.80% | $500 | not stated | not stated |
| 2 Year CD | 24 months | 3.80% | $500 | not stated | not stated |
| 3 Year CD | 36 months | 2.50% | $500 | not stated | not stated |
| 4 Year CD | 48 months | 2.50% | $500 | not stated | not stated |
| 5 Year CD | 60 months | 2.50% | $500 | not stated | not stated |
| IRA CDs | |||||
| IRA 12 Month CD | 12 months | 3.80% | $500 | not stated | not stated |
| IRA 18 Month CD | 18 months | 1.50% | $500 | not stated | not stated |
| IRA 24 Month CD | 24 months | 3.80% | $500 | not stated | not stated |
| IRA 36 Month CD | 36 months | 2.50% | $500 | not stated | not stated |
| IRA 60 Month CD | 60 months | 2.50% | $500 | not stated | not stated |
Opening and using the account
| Availability | Available in MO |
|---|---|
| Footprint | 4 branches in MO |
| Eligibility | not stated |
How Farmers and Merchants Bank of St. Clair behaves over time
Every observation of the advertised Statement Savings rate in the last 12 months was 0.20% (observed through Sep 10, 2026). The series includes promotional tiers where one applied.
- Statement Savings
- The same as 7 days ago.
- 5 months CD
- The same as 7 days ago.
- Premium MMDA
- The same as 7 days ago.
- Rate last changed
- Aug 31, 2026(effective date)
$10,000 at the 0.20% APY Farmers and Merchants Bank of St. Clair advertises on Statement Savings grows to $10,020 in a year. Prices rose 3.4% in the year to July 2026 (Consumer Price Index (CPI)). After a year of prices rising at that pace, it buys as much as $9,694 does today. See how the federal funds rate shapes savings rates.
Farmers and Merchants Bank of St. Clair CD rates over time
Who is Farmers and Merchants Bank of St. Clair?
| Headquarters | Saint Clair, MO |
|---|---|
| Founded | 1913 |
| Scale | $343M assets · $302M deposits, $240M of it interest-bearing (Q1 2026, FDIC) |
| Deposit insurance | FDIC insured · Certificate 14056 |
Financial detail is in What Farmers and Merchants Bank of St. Clair pays on deposits above.
Common questions about Farmers and Merchants Bank of St. Clair
Is Farmers and Merchants Bank of St. Clair FDIC insured?
Yes. Farmers and Merchants Bank of St. Clair is FDIC insured under certificate 14056, so deposits are covered up to $250,000 per depositor, per ownership category.
What is the minimum deposit at Farmers and Merchants Bank of St. Clair?
Farmers and Merchants Bank of St. Clair requires a minimum deposit of $200 to open its Statement Savings account, as observed on Sep 10, 2026. Check the bank's current terms before you open an account.
Does Farmers and Merchants Bank of St. Clair have branches?
Yes. Farmers and Merchants Bank of St. Clair operates 4 branches according to FDIC branch records, in addition to its website and mobile apps.
Farmers and Merchants Bank of St. Clair against its closest alternatives
| Bank | Savings APY | Rate paid (Q1 2026) | Min deposit | Branches |
|---|---|---|---|---|
| Farmers and Merchants Bank of St. Clair | 3.51% | 2.04% | $50,000 | 4 branches in MO |
| Alma Bank | 0.60% | 2.98% | $10,000 | 13 branches in NJ, NY |
| Chelsea State Bank | 1.56% | 1.72% | $1 | 4 branches in MI |
| Fall River Five Cents Savings Bank | 2.48% | 2.35% | $25,000 | 18 branches in MA, RI |
Alternatives are the three tracked banks whose highest savings APY is closest to Farmers and Merchants Bank of St. Clair's.
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