Farmers & Merchants Bank savings and CD rates
Farmers & Merchants Bank's Super Saver Savings offers 3.56% APY on balances of $100,000 or more, and 0.05% to 0.25% below that. On a $10,000 balance the account earns 0.10% overall, about $10 in a year, which is 0.28 percentage points below the national savings average of 0.38% (FDIC, Oct 2026).
Ranked #155 of 3052 tracked savings rates by advertised APY. For a $10,000 balance it would rank #2044.
Estimate your earnings·What Farmers & Merchants Bank actually pays
Farmers & Merchants Bank at a glance
| Savings | |
|---|---|
| Top savings APY | Up to 3.56% · Super Saver Savings · needs at least $100,000 |
| Minimum to open | $25 · Super Saver Savings |
| Against the national average | 3.18 percentage points above the 0.38% FDIC savings average (Oct 2026) |
| CDs | |
| Top CD APY | 3.80% · 12 months · 12 Month Jumbo CD |
| Minimum to open | $100,000 · 12 months CD |
| Against the national average | 2.04 percentage points above the 1.76% FDIC 12-month CD average (Oct 2026) |
| FDIC certificate | 9462 · Miamisburg, OH |
|---|---|
| Website | www.bankwithfm.com |
| Branches | 5 branches in OH |
| Availability | Available in OH |
Farmers & Merchants Bank savings and CD rates
Personal
How the rate applies
How the rate applies
IRA
Rates are APY. The national savings average is 0.38% (FDIC, Oct 2026). The top tracked savings rate on Banksparency is 12.00%. Across 59 savings accounts from 58 banks in the Banksparency core savings index, the median advertised rate is 3.65%, and one account in ten advertises 4.20% or more. See the highest savings rates.
Farmers & Merchants Bank CD rates
| Term | APY | Minimum | Product |
|---|---|---|---|
| 3 months | 2.02% | $1,000 | 3 Month CD |
| 6 months | 2.26% | $1,000 | 6 Month CD |
| 12 months | 3.55% | $1,000 | 12 Month CD |
| 12 months | 3.80% | $100,000 | 12 Month Jumbo CD |
| 18 months | 3.29% | $1,000 | 18 Month CD |
| 24 months | 3.29% | $1,000 | 24 Month CD |
| 36 months | 2.27% | $1,000 | 36 Month CD |
| 48 months | 2.27% | $1,000 | 48 Month CD |
| 60 months | 2.27% | $1,000 | 60 Month CD |
Interactive Tool
Calculate Savings for Farmers & Merchants Bank
All calculations are based on APY.
Tiered rates: 0.05% to 3.56% APY across 5 balance tiers.
Savings Breakdown
- Interest Earned+$27.80(0.2%)
- Total Contributions$13,000
- Initial Deposit$1,000
Projected Balance
$14,027.80
The Banksparency Savings Calculator provides estimated savings growth based on user input and our latest data.
What Farmers & Merchants Bank 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 the savings and money market deposits it already holds, 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. The 3.56% needs a balance of at least $100,000. Below that, the account advertises 0.05%.
In Q2 2026, Farmers & Merchants Bank paid a higher average rate on savings and money market deposits than 79% of banks that reported a figure (FDIC call report). The all-bank median was 1.45%.
- Farmers & Merchants Bank, savings and money market
- 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 savings accounts and money market deposit accounts, personal and business, at every balance tier. It also covers accounts that were opened years ago and keep the rate of those years. The FDIC line does not separate consumer accounts.
The second figure. The scale row also shows the average across all interest-bearing deposits: savings, interest checking, money market accounts, CDs, personal and business. That figure covers the whole deposit book. The two are shown separately and are not combined.
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 savings balances at the rates of earlier years, money market balances that were priced in a different rate environment, and business accounts. 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 rates paid on savings and money market deposits, and on all interest-bearing deposits, quarterly. The FDIC line for savings includes money market deposit accounts and business savings deposits and does not separate consumer accounts. 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. The percentile counts the banks that paid strictly less on savings and money market deposits, one vote per bank, among the banks that reported a figure for the quarter.
So what is the catch?
| Product | APY | Min to open | Min to earn | Balance cap | Monthly fee | Requirements | Rate type | 12-mo trend |
|---|---|---|---|---|---|---|---|---|
| Personal | ||||||||
| Super Saver Savings | Up to 3.56% | $25 | $0 | None | not stated | not stated | Tiered | |
| Kasasa Saver | Up to 2.00% | $25 | $0 | None | not stated | Linked account at the bank | Tiered | |
| Fine print: The reward rate applies only to balances up to $100,000. The portion of the balance above that cap earns a lower rate, which reduces the blended yield. Earning the reward rate requires meeting the monthly qualifications in a linked Kasasa Cash or Kasasa Cash Back checking account: at least 12 debit card purchases, enrollment in e-statements, and logging in to online banking. In a month when the qualifications are not met, all balances earn the base rate. | ||||||||
| Statement Savings | Up to 0.25% | $25 | $0 | None | not stated | not stated | Tiered | |
| Health Savings Account | 0.25% | $25 | $0 | None | not stated | not stated | One rate | |
| Fine print: The monthly maintenance fee applies only to accounts that receive paper statements. It does not apply with e-statements. | ||||||||
| IRA | ||||||||
| Roth IRA Variable Rate | 3.03% | $500 | $0 | None | not stated | not stated | One rate | |
| Self Directed IRA Variable Rate | 3.03% | $500 | $0 | None | not stated | not stated | One rate | |
Fine print for 2 products above: Four withdrawals are allowed each month. Each debit transaction above four costs $0.50. A debit transaction includes a withdrawal, an automatic transfer, and a payment out of the account.
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 |
|---|---|---|---|---|---|
| 3 Month CD | 3 months | 2.02% | $1,000 | not stated | not stated |
| 6 Month CD | 6 months | 2.26% | $1,000 | not stated | not stated |
| 12 Month CD | 12 months | 3.55% | $1,000 | not stated | not stated |
| 12 Month Jumbo CD | 12 months | 3.80% | $100,000 | not stated | not stated |
| Fine print: The bank offers this certificate to its existing customers only. It is opened by telephone with the bank, not through the online application. | |||||
| 18 Month CD | 18 months | 3.29% | $1,000 | not stated | not stated |
| 24 Month CD | 24 months | 3.29% | $1,000 | not stated | not stated |
| 36 Month CD | 36 months | 2.27% | $1,000 | not stated | not stated |
| 48 Month CD | 48 months | 2.27% | $1,000 | not stated | not stated |
| 60 Month CD | 60 months | 2.27% | $1,000 | not stated | not stated |
Opening and using the account
| Availability | Available in OH |
|---|---|
| Footprint | 5 branches in OH |
| Eligibility | not stated |
How Farmers & Merchants Bank behaves over time
- 12-month high
- 3.56%
- 12-month low
- 3.55%
- Advertised now
- 3.56%
- At the 12-month high
The advertised Super Saver Savings rate, observed through Oct 17, 2026. The series includes promotional tiers where one applied.
Recent rate changes, as observed
- Obs. Sep 18, 20266 Month CDCut:2.27%to2.26%
- Obs. Sep 18, 202636 Month CDCut:2.30%to2.27%
- Obs. Sep 18, 202648 Month CDCut:2.30%to2.27%
- Obs. Sep 18, 202660 Month CDCut:2.30%to2.27%
- Obs. Sep 18, 202612 Month Jumbo CDCut:3.81%to3.80%
- 12 months CD
- Down 0.01 percentage points from 30 days ago.
$10,000 in Farmers & Merchants Bank's Super Saver Savings earns 0.10% overall at the advertised rates, so it grows to $10,010 in a year. Prices rose 3.7% in the year to September 2026 (Consumer Price Index (CPI)). After a year of prices rising at that pace, it buys as much as $9,649 does today. See how the federal funds rate shapes savings rates.
- Super Saver Savings APY
- Banksparency savings index
Farmers & Merchants Bank CD rates over time
Who is Farmers & Merchants Bank?
| Headquarters | Miamisburg, OH |
|---|---|
| Founded | 1923 |
| Scale | $359M assets · $307M deposits, $227M of it interest-bearing (Q2 2026, FDIC) |
| Deposit insurance | FDIC insured · Certificate 9462 |
| Charter state | Ohio · one of 157 insured banks chartered there (Q2 2026, FDIC) |
| Size | 2,186th-largest by deposits of 4,238 insured banks (Q2 2026, FDIC) |
| Deposit growth | Higher than at 53% of 4,226 insured banks over the four quarters to Q2 2026 (FDIC) |
Financial detail is in What Farmers & Merchants Bank pays on deposits above.
Common questions about Farmers & Merchants Bank
Is Farmers & Merchants Bank FDIC insured?
Yes. Farmers & Merchants Bank is FDIC insured under certificate 9462, so deposits are covered up to $250,000 per depositor, per ownership category.
What is the minimum deposit at Farmers & Merchants Bank?
Farmers & Merchants Bank requires a minimum deposit of $25 to open its Super Saver Savings account, as observed on Oct 17, 2026. Check the bank's current terms before you open an account.
Does the 3.56% apply to my whole balance?
The 3.56% needs a balance of at least $100,000. Below that, the account advertises 0.05%. Rates are as observed on Oct 17, 2026.
Does Farmers & Merchants Bank have branches?
Yes. Farmers & Merchants Bank operates 5 branches according to FDIC branch records, in addition to its website and mobile apps.
Farmers & Merchants Bank against its closest alternatives
| Bank | Savings APY | Rate paid on savings and money market deposits (Q2 2026) | Min deposit | Branches |
|---|---|---|---|---|
| Farmers & Merchants Bank | Up to3.56% | 2.29% | $25 | 5 branches in OH |
| Atkins Savings Bank & Trust | 3.56% | 1.76% | $25,000 | 1 branch in IA |
| Badger Bank | Up to3.56% | 0.86% | not stated | 4 branches in WI |
| Bogota Savings Bank | Up to3.56% | 3.46% | $100 | 9 branches in NJ |
Each savings APY is the top rate of the account the bank's own page leads with. Alternatives are the three tracked banks whose savings APY is closest to Farmers & Merchants Bank's.
Similar banks and related pages
Banks in the same rate band with the same product mix:
Other banks chartered in Ohio, nearest to Farmers & Merchants Bank in deposits:
Rate hubs: today's highest savings rates, and CD rates by term.
State pages: savings rates in Ohio, and banks in Ohio.