Regular Checking
- Minimum balance to open – $100
- Mastercard® debit cards with approved application
- Unlimited check writing
- Free online banking with bill pay and e-statements
- Free mobile banking and mobile check deposit
- Combined monthly statement
- No monthly service charge with average daily balance of at least $100 ($6 fee if average daily balance falls below $100)
- No minimum balance requirement for those 65 and older, under the age of 18, Farmers-Merchants Bank of Illinois mortgage loan customers, and for accounts receiving e-statements
- Free first box of checks when account is opened
- First five ATM surcharge fees per month reimbursed
- Checking Plus – overdraft protection line of credit with approved application
Club Checking
- Minimum balance to open – $100
- Monthly maintenance fee of $5
- All ATM surcharge fees reimbursed
- Mastercard debit cards with approved application
- Unlimited check writing
- Free online banking with bill pay and e-statements
- Free mobile banking and mobile check deposit (some restrictions apply)
- Combined monthly statement
- Free small safe deposit rental for first year
- No license sticker bank fees
- Two free boxes of Green Safety checks annually
- Checking Plus – overdraft protection line of credit with approved application
Interest Checking
- Minimum balance to open – $750
- No monthly service charge with average daily balance of at least $750 ($6 fee if average daily balance falls below $750)
- Account will earn interest if the average daily balance is $750 or greater
- Interest will be compounded daily and credited monthly
- First five ATM surcharge fees per month reimbursed
- Unlimited check writing
- Mastercard® debit cards with approved application
- Free online banking with bill pay and e-statements
- Free mobile banking and mobile check deposit
- Combined monthly statement
- Free first box of checks when account is opened
- Checking Plus – overdraft protection line of credit with approved application
Club Interest Checking
- Minimum balance to open – $750
- No minimum balance requirement
- Monthly maintenance fee of $5
- Account will earn interest if the average daily balance is $750 or greater
- Interest will be compounded daily and credited monthly
- All ATM surcharge fees reimbursed
- Mastercard® debit cards with approved application
- Unlimited check writing
- Free online banking with bill pay and e-statements
- Free mobile banking and mobile check deposit (some restrictions apply)
- Combined monthly statement
- Free small safe deposit box rental for first year
- No license sticker bank fees
- Two free boxes of Green Safety checks annually
- Checking Plus – overdraft protection line of credit with approved application
Money Market
- Minimum balance to open – $1,000
- No monthly service charge with average daily balance of at least $1,000 ($6 fee if average daily balance falls below $1,000)
- Account will earn interest if the average daily balance is $1,000 or greater
- Interest will be compounded daily and credited monthly
- Interest rate based upon daily balance (see Rates page for current rates)
- Free online banking with bill pay and e-statements
- Free mobile banking with mobile check deposit
- Free first box of checks when account is opened
- Combined monthly statement
- Allows six withdrawals per month
Savings
- Minimum balance to open – $100 ($10 if under the age of 18)
- No service charge for individuals under 18, customers 65 and older, or accounts with average daily balance of at least $100 ($3 fee if average daily balance falls below $100)
- Account will earn interest if the average daily balance is $100 or greater
- Interest will be compounded daily and credited quarterly
- Free online banking and e-statements
- Free mobile banking with mobile check deposit
- Combined monthly statement
- Allows six withdrawals per month
Christmas Club
- $250 ($5/week), $500 ($10/week) and $1,000 ($20/week) club accounts
- Make 49 consecutive weekly deposits of the club amount and we’ll make the 50th deposit for you!
- Free online banking and e-statements
- Free mobile banking
- Combined monthly statement
- Account may be closed if any withdrawal is made before maturity
Certificates of Deposit (CD)
- Minimum balance to open – $1,000
- Terms range from 91 days to 60 months
- Interest compounds daily
- Free online banking
- Free mobile banking
- Choice to withdraw interest monthly, quarterly, or semi-annually by either check or direct deposit to a Farmers-Merchants Bank of Illinois account
- A penalty may be imposed for early withdrawals
Healthy Savings Account (HSA)
- No minimum balance to open
- No monthly service charge
- Earns interest
- Interest compounded daily and credited monthly
- Mastercard® debit cards with approved application
- Unlimited check writing
- Free online banking and e-statements
- Free mobile banking
- Combined monthly statement
- A Health Savings Account must be tied to a High Deductible Health Plan
Traditional and Roth IRA Certificates of Deposit
- Minimum balance to open – $1,000
- Terms range from 91 days to 60 months
- Interest compounds daily
- Choice to withdraw interest monthly, quarterly, or semi-annually by either check or direct deposit to a Farmers-Merchants Bank of Illinois account
- No transaction or account setup fees
- A penalty may be imposed for early withdrawals with the exception of required minimum distributions