Farmers and Merchants Bank 2026 Review

Mat C.
Written by Mat C.
Managing Editor & Senior Developer
Mika L.
Edited by Mika L.
Financial Content & Editor

Farmers and Merchants Bank4.0/5

Rate (APY)
3.50% APY
Term
12 months
Minimum Deposit
$1,000
Promotion
N/A
Apply Now →on Farmers and Merchants Bank's website

Farmers and Merchants Bank provides a reliable option with a 3.50% APY on its 12-month CD. While the minimum deposit of $1,000 may be higher than some competitors, the bank offers a variety of terms, catering to different savings strategies.

Pros:

  • Standard rates
  • Multiple term options

Cons:

  • Varies by location
  • Higher minimum deposit

In conclusion, Farmers and Merchants Bank's 12-month CD with a competitive 3.50% APY is well-suited for savers looking for a stable investment option with a minimum deposit of $1,000, making it a solid choice for those aiming to grow their savings with a reliable institution.

Compare CD Rates

Summary of all rates from our cd rate pages. Click column headers to sort.

Provider ↕Rate ↓Term ↕Min Deposit
Connexus Credit Union4.30% APY17 months$5,000Learn more
NASA Federal Credit Union4.28% APY5 years$1,000Learn more
Abound Credit Union4.25% APY1 year$500Learn more
Vibrant Credit Union4.25% APY6 months$5Learn more
TAB Bank4.20% APY60 months$1,000Learn more
United Fidelity Bank, fsb4.20% APY5 years$1,000Learn more
Sallie Mae Bank4.20% APY5 years$2,500Learn more
Popular Direct4.17% APY1 year$10,000Learn more
BTG Pactual4.15% APY1 year$500Learn more
Bread Savings4.00% APY6 months$1,500Learn more
CommunityWide Federal Credit Union4.00% APY6 months$1,000Learn more
SF Fire Credit Union4.00% APY7 months$250Learn more
Marcus by Goldman Sachs3.80% APY5 years$500Learn more
First Internet Bank of Indiana3.76% APY6 months$1,000Learn more
Synchrony Bank3.75% APY5 years$0Learn more
Big Horn Federal Savings Bank3.691% APY5 years$500Learn more
AbleBanking3.50% APY6 months$5,000Learn more
Farmers and Merchants Bank3.50% APY12 months$1,000Learn more

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