Business Savings
F&M Bank’s convenient Business Savings account acts much like your personal savings for your business or non-profit organization: it helps you earn interest on extra funds while maximizing flexibility in case of the unexpected. And when you connect this account to your Business Checking account, you’ll also enjoy overdraft protection.
Account Features
- Minimum Opening Balance: $100 deposit required to open account
- Interest rates that are tiered based on your balances
- Access funds via ATM, phone, online or at any of our locations
- Avoid a $5 monthly maintenance fee by maintaining a minimum daily balance of $500
- Make three (3) withdrawals per statement period for no charge, additional withdrawals are subject to a fee
Business Money Market
An F&M Business Money Market account offers multiple benefits for companies and non-profit organizations that are able to maintain higher savings balances. Among the perks, you'll earn interest while enjoying easy access to your funds.
Account Features
Account Features
- Minimum Opening Balance: $1000 deposit required to open account
- Interest rates that are tiered based on your balances
- Access funds via ATM, phone, online or at any of our locations
- Avoid a $10 monthly maintenance fee by maintaining an average monthly balance of $5000
Note: Federal regulations prohibit excessive transactions on these accounts. There is a limit of six pre-authorized transfers such as ACH debits, third party checks, telebanking and online banking transfers and bill pay each statement cycle.
