Farmers and Merchants Union Bank: Savings Accounts, CDs & Rates

Updated: 8/21/2026

Mission: Banksparency aims to make Farmers and Merchants Union Bank's deposit accounts transparent and comparable to the market.

Interest rates reported as APY

Analysis of Farmers and Merchants Union Bank

Our verdict

CD Analysis

Farmers and Merchants Union Bank offers CDs paying up to 4.30% APY on its 13 months term, across 12 term lengths.

Tracking 30 active CD products, useful for locking in today's rate before further moves at the Fed.

Best CD use: locking in 4.30% APY for a 13 months term and laddering across multiple maturities.

Farmers and Merchants Union Bank also offers Savings, a high-yield savings account paying 0.75% APY with no minimum deposit.

At 0.75% APY, Farmers and Merchants Union Bank pays above the national savings average of 0.38%.

Additional Accounts

Christmas Savings, a club savings account at 0.75% APY.
Health Savings, a health savings account (HSA) at 0.60% APY.

Ideal User Profile

Best for: simple saving without extra requirements.

IRA Analysis

Farmers and Merchants Union Bank also offers an IRA savings account paying up to 2.47% APY.

Tracking 1 active IRA savings product, useful for tax-advantaged retirement savings.

Best IRA use: tax-advantaged retirement saving.

Important Considerations

Christmas Savings is a club savings account. Designed for scheduled deposits toward a set payout date.

Health Savings is a health savings account (HSA). Requires an eligible high-deductible health plan and is intended for qualified medical expenses.

No app ratings available for this bank.

iOS app rating is not available.

Android app rating is not available.

Deposit Accounts Overview

Christmas Savings

Savings

0.75% APY

Min: $1 Branch Access

Rank #161 of 337 tracked.

Savings

0.75% APY

No Minimums Branch Access

Rank #162 of 337 tracked.

Variable rate. The rate can change after the account is opened.

Health Savings

Savings

0.60% APY

Tiered Range: 0.30% - 0.60%

No Minimums Branch Access

Rank #169 of 337 tracked.

Variable rate. The rate can change after the account is opened.

IRA Advantage

IRA Savings

2.47% APY

Min: $50 Branch Access

Variable rate. The rate can change after the account is opened.

Market Reality Check

This institution offers rates below the top 10 savings and money market accounts we track. Those institutions all pay at least 4.01% APY.

See Top Rates

National Avg: 0.38% (FDIC, 8/1/2026).
Banksparency tracks live rates daily.

Bank Overview

HQ LocationColumbus, WI
Deposit InsuranceFDIC Insured(Cert: 14445)

Visit Official Website

Featured Offers

Axos ONE - High Yield Savings & Checking

Over 95,000 fee-free ATMs
Get paid up to 2 days early with Direct Deposit
One convenient app for spending & saving

FDIC Insured

Savings4.21%APY

Checking0.51%APY

Go to Axos Bank

FDIC or NCUA insured

View Details

Monthly Maintenance Fee	None
Min. Deposit to Savings Account	0
Min. Balance in Savings Account	0
How to qualify for APY	OPTION ADirect Deposit $1,500+ AND Maintain $1,500+ avg daily checking balance. OR OPTION BDeposit $5,000+ total/mo AND Maintain $5,000+ avg daily checking balance.
Mobile Ratings	iOS:4.7 Android:4.5

The APY is available with the Axos ONE savings and checking bundle. The checking account also earns interest. To qualify, you must either set up a direct deposit of $1,500 and maintain an average daily balance of more than $1,500 in your ONE Checking account, or receive at least $5,000 in total monthly qualifying deposits and maintain an average daily balance of more than $5,000.

EASY TRANSFERS, LOW MINIMUMS

SponsoredVerified Aug 19, 2026

FDIC Insured

Quontic High Yield Savings

Apply in 3 minutes or less
No monthly service fees
Transfer with Zelle, Apple Pay, G-Pay, and more

FDIC Insured

Savings3.20%APY

Go to Quontic Bank

FDIC or NCUA insured

View Details

Monthly Maintenance Fee	None
Min. Deposit to Savings Account	10000
Min. Balance in Savings Account	0
Mobile Ratings	iOS:4.8 Android:4.9

Deposit Accounts: In-Depth View

Savings Accounts Offered by Farmers and Merchants Union Bank

Feature	Christmas Savings	Savings	Health Savings
APY	0.75%Verified: 8/21/2026	0.75%Verified: 8/21/2026	0.60%Range: 0.30% - 0.60%Verified: 8/21/2026
APY Trend	N/A	N/A	N/A
Min. Deposit	$1	$0	$0
Min. Balance	$0.01	$0.01	$500
Monthly Fee	N/A	N/A	N/A
Direct Deposit	None	None	None
Checking Bundle	No	No	No
In-Branch Access	Yes	Yes	Yes
Compounding	N/A	N/A	N/A
FDIC Insured	Yes	Yes	Yes
Eligibility	United States	United States	United States
Important	-	Variable rate. The rate can change after the account is opened.	Variable rate. The rate can change after the account is opened.
Next Steps	-	-	-

Interactive Tool

Calculate Savings for Farmers and Merchants Union Bank

All calculations are based on APY.

Choose savings account

Initial deposit

Recurring deposit

Frequency

Duration

Savings Breakdown

Interest Earned
+$282.10(2.0%)
Total Contributions
$13,000
Initial Deposit
$1,000

Projected Balance

$14,282.10

Effective APY

0.75%

The Banksparency Savings Calculator provides estimated savings growth based on user input and our latest data.

Farmers and Merchants Union Bank Deposit Rates Over Time

No historical data available.

Compare with Farmers and Merchants Union Bank

Feature	Current View Farmers and Merchants Union Bank	Empty Slot
Product		-
APY	0.75%Verified: 8/21/2026	-
APY Trend	N/A	-
Min. Deposit	$1	N/A
Monthly Fee	N/A	-
Direct Deposit	No	-
Checking Bundle	No	-
In-Branch Access	Yes	-
Eligibility	United States	-
Compounding	N/A	-
FDIC or NCUA Insured	Yes	-
Next Steps	-	-

CD Overview

4.30% Highest APY

Across 30 CD products with terms: 48 months, 7 months, 13 months, 1 months, 3 months, 6 months, 12 months, 18 months, 24 months, 30 months, 36 months, 60 months

CD Products Offered by Farmers and Merchants Union Bank

Feature	7-31 Day CD 1 months	91 Day CD 3 months	182 Day CD 6 months	6 Month HSA CD 6 months	6 Month IRA CD 6 months	7 Month CD Promotion 7 months	7 Month IRA CD Promotion 7 months	12 Month CD 12 months	12 Month HSA CD 12 months	12 Month IRA CD 12 months	13 Month CD Promotion 13 months	13 Month IRA CD Promotion 13 months	18 Month CD 18 months	18 Month HSA CD 18 months	18 Month IRA CD 18 months	24 Month CD 24 months	24 Month HSA CD 24 months	24 Month IRA CD 24 months	30 Month CD 30 months	30 Month HSA CD 30 months	30 Month IRA CD 30 months	36 Month CD 36 months	36 Month HSA CD 36 months	36 Month IRA CD 36 months	48 Month HSA CD 48 months	48 Month CD 48 months	48 Month IRA CD 48 months	60 Month CD 60 months	60 Month HSA CD 60 months	60 Month IRA CD 60 months
APY	0.50%Verified: 8/21/2026	1.00%Verified: 8/21/2026	2.00%Verified: 8/21/2026	2.00%Verified: 8/21/2026	1.40%Verified: 8/21/2026	4.03%Verified: 8/21/2026	4.03%Verified: 8/21/2026	3.43%Verified: 8/21/2026	3.43%Verified: 8/21/2026	3.48%Verified: 8/21/2026	4.30%Verified: 8/21/2026	4.30%Verified: 8/21/2026	3.43%Verified: 8/21/2026	3.43%Verified: 8/21/2026	3.48%Verified: 8/21/2026	3.54%Verified: 8/21/2026	3.54%Verified: 8/21/2026	3.59%Verified: 8/21/2026	3.79%Verified: 8/21/2026	3.79%Verified: 8/21/2026	3.84%Verified: 8/21/2026	3.89%Verified: 8/21/2026	3.89%Verified: 8/21/2026	3.94%Verified: 8/21/2026	3.94%Verified: 8/21/2026	3.94%Verified: 8/21/2026	3.99%Verified: 8/21/2026	4.04%Verified: 8/21/2026	4.04%Verified: 8/21/2026	4.09%Verified: 8/21/2026
Term	1 months	3 months	6 months	6 months	6 months	7 months	7 months	12 months	12 months	12 months	13 months	13 months	18 months	18 months	18 months	24 months	24 months	24 months	30 months	30 months	30 months	36 months	36 months	36 months	48 months	48 months	48 months	60 months	60 months	60 months
Min. Deposit	$2,500	$2,500	$2,500	$2,500	$2,500	$5,000	$5,000	$1,000	$1,000	$1,000	$5,000	$5,000	$1,000	$1,000	$1,000	$1,000	$1,000	$1,000	$1,000	$1,000	$1,000	$1,000	$1,000	$1,000	$1,000	$1,000	$1,000	$1,000	$1,000	$1,000
Early Withdrawal	N/A	N/A	N/A	N/A	N/A	N/A	N/A	N/A	N/A	N/A	N/A	N/A	N/A	N/A	N/A	N/A	N/A	N/A	N/A	N/A	N/A	N/A	N/A	N/A	N/A	N/A	N/A	N/A	N/A	N/A
FDIC Insured	Yes	Yes	Yes	Yes	Yes	Yes	Yes	Yes	Yes	Yes	Yes	Yes	Yes	Yes	Yes	Yes	Yes	Yes	Yes	Yes	Yes	Yes	Yes	Yes	Yes	Yes	Yes	Yes	Yes	Yes
Notes	-	-	-	-	-	At maturity this certificate renews into a non-promotion CD: the 7-month promotion renews to a 182-day term and the 13-month promotion renews to a 12-month term. Brokered, institutional and out-of-State funds are not accepted.	At maturity this certificate renews into a non-promotion CD: the 7-month promotion renews to a 182-day term and the 13-month promotion renews to a 12-month term. Brokered, institutional and out-of-State funds are not accepted.	-	-	-	At maturity this certificate renews into a non-promotion CD: the 7-month promotion renews to a 182-day term and the 13-month promotion renews to a 12-month term. Brokered, institutional and out-of-State funds are not accepted.	At maturity this certificate renews into a non-promotion CD: the 7-month promotion renews to a 182-day term and the 13-month promotion renews to a 12-month term. Brokered, institutional and out-of-State funds are not accepted.	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-

Farmers and Merchants Union Bank CD Rates Over Time

Not enough rate history to show a chart. We have CD rates for this bank from one day only. The chart shows when we collect more data.

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