Farmers & Merchants Bank savings and CD rates
Farmers & Merchants Bank advertises up to 3.55% APY on its Super Saver Savings account. The 3.55% needs a balance of at least $100,000. Below that, the account advertises 0.05%.
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, Aug 2026).
Ranked #72 of 645 tracked savings rates by advertised APY. For a $10,000 balance it would rank #427.
Estimate your earnings·What Farmers & Merchants Bank actually pays
Farmers & Merchants Bank at a glance
| Savings | |
|---|---|
| Top savings APY | Up to 3.55% · Super Saver Savings · needs at least $100,000 |
| Minimum to open | $25 · Super Saver Savings |
| Against the national average | 3.17 percentage points above the 0.38% FDIC savings average (Aug 2026) |
| CDs | |
| Top CD APY | 3.81% · 12 months · 12 Month Jumbo CD |
| Minimum to open | $100,000 · 12 months CD |
| Against the national average | 2.10 percentage points above the 1.71% FDIC 12-month CD average (Aug 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, Aug 2026). The top tracked savings rate on Banksparency is 5.00%. Across 57 savings accounts from 55 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 & Merchants Bank CD rates
| Term | APY | Minimum | Product |
|---|---|---|---|
| 3 months | 2.02% | $1,000 | 3 Month CD |
| 6 months | 2.27% | $1,000 | 6 Month CD |
| 12 months | 3.81% | $100,000 | 12 Month Jumbo CD |
| 12 months | 3.55% | $1,000 | 12 Month CD |
| 18 months | 3.29% | $1,000 | 18 Month CD |
| 24 months | 3.29% | $1,000 | 24 Month CD |
| 36 months | 2.30% | $1,000 | 36 Month CD |
| 48 months | 2.30% | $1,000 | 48 Month CD |
| 60 months | 2.30% | $1,000 | 60 Month CD |
Interactive Tool
Calculate Savings for Farmers & Merchants Bank
All calculations are based on APY.
Tiered rates: 0.05% to 3.55% 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 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. The 3.55% needs a balance of at least $100,000. Below that, the account advertises 0.05%.
In Q1 2026, Farmers & Merchants Bank paid a higher average rate than 68% of U.S. banks (all-bank median 2.27%).
- Farmers & Merchants Bank, 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 |
|---|---|---|---|---|---|---|---|---|
| Personal | ||||||||
| Super Saver Savings | 3.55% | $25 | $0 | None | not stated | not stated | Tiered | |
| Kasasa Saver | 2.00% | $25 | $0 | None | not stated | Checking account | Tiered | |
| Statement Savings | 0.25% | $25 | $0 | None | not stated | not stated | Tiered | |
| Health Savings Account | 0.25% | $25 | $0 | None | not stated | not stated | One rate | |
| 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 | |
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 | 2.27% | $1,000 | not stated | not stated |
| 12 Month Jumbo CD | 12 months | 3.81% | $100,000 | not stated | not stated |
| 12 Month CD | 12 months | 3.55% | $1,000 | not stated | not stated |
| 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 | 2.30% | $1,000 | not stated | not stated |
| 48 Month CD | 48 months | 2.30% | $1,000 | not stated | not stated |
| 60 Month CD | 60 months | 2.30% | $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
Every observation of the advertised Super Saver Savings rate in the last 12 months was 3.55% (observed through Sep 9, 2026). The series includes promotional tiers where one applied.
- Super Saver Savings
- The same as 7 days ago.
- 12 months CD
- The same as 7 days ago.
- Rate last changed
- Aug 23, 2026(effective date)
$10,000 at the 3.55% APY Farmers & Merchants Bank advertises on Super Saver Savings grows to $10,355 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 $10,018 does today. See how the federal funds rate shapes savings rates.
Farmers & Merchants Bank CD rates over time
Who is Farmers & Merchants Bank?
| Headquarters | Miamisburg, OH |
|---|---|
| Founded | 1923 |
| Scale | $355M assets · $305M deposits, $230M of it interest-bearing (Q1 2026, FDIC) |
| Deposit insurance | FDIC insured · Certificate 9462 |
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 Sep 9, 2026. Check the bank's current terms before you open an account.
Does the 3.55% apply to my whole balance?
The 3.55% needs a balance of at least $100,000. Below that, the account advertises 0.05%. Rates are as observed on Sep 9, 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 (Q1 2026) | Min deposit | Branches |
|---|---|---|---|---|
| Farmers & Merchants Bank | 3.55% | 2.58% | $25 | 5 branches in OH |
| Bogota Savings Bank | 3.56% | 3.33% | $100 | 8 branches in NJ |
| CIBC Bank USA | 3.52% | 3.23% | $1,000 | 8 branches in FL, IL, MI, MO |
| BankVista | 3.51% | 3.43% | $50 | 3 branches in MN |
Alternatives are the three tracked banks whose highest savings APY is closest to Farmers & Merchants Bank's.
Similar banks and rate hubs
Banks in the same rate band with the same product mix:
Rate hubs: today's highest savings rates, and CD rates by term.