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Farmers-Merchants Bank of Illinois
Interest Rates
Effective 05/11/2019
| Account | Minimum Balance | Interest Rate | Annual Percentage Yield | Interest Paid |
|---|---|---|---|---|
Account *Interest Checking/Business Interest Checking | Minimum Balance $750.00 | Interest Rate 0.20% | Annual Percentage Yield 0.20% | Interest Paid Monthly |
Account *Club Interest Checking | Minimum Balance $750.00 | Interest Rate 0.20% | Annual Percentage Yield 0.20% | Interest Paid Monthly |
Account *Money Market/Business Money Market | Minimum Balance $1,000.00 | Interest Rate 0.50% | Annual Percentage Yield 0.50% | Interest Paid Monthly |
Minimum Balance $10,000.00 | Interest Rate 0.60% | Annual Percentage Yield 0.60% | ||
Minimum Balance $25,000.00 | Interest Rate 0.75% | Annual Percentage Yield 0.75% | ||
Account | Minimum Balance $50,000.00 | Interest Rate 0.75% | Annual Percentage Yield 0.75% | |
Account *Regular Savings | Minimum Balance $100.00 | Interest Rate 0.25% | Annual Percentage Yield 0.25% | Interest Paid Quarterly |
Account *Health Savings | Minimum Balance $0.00 | Interest Rate 1.50% | Annual Percentage Yield 1.51% | Interest Paid Monthly |
Account **No Maturity IRA | Minimum Balance $100.00 | Interest Rate 0.15% | Annual Percentage Yield 0.15% | Interest Paid Monthly |
Account **91 DAY C.D. | Minimum Balance $1,000.00 | Interest Rate 0.90% | Annual Percentage Yield 0.90% | Interest Paid Monthly |
Account **182 DAY C.D. | Minimum Balance $1,000.00 | Interest Rate 1.75% | Annual Percentage Yield 1.77% | Interest Paid Monthly |
Account **12 MO. C.D. | Minimum Balance $1,000.00 | Interest Rate 1.25% | Annual Percentage Yield 1.26% | Interest Paid Monthly |
Account **18 MO. C.D. | Minimum Balance $1,000.00 | Interest Rate 1.05% | Annual Percentage Yield 1.06% | Interest Paid Monthly |
Account **24 MO. C.D. | Minimum Balance $1,000.00 | Interest Rate 2.75% | Annual Percentage Yield 2.79% | Interest Paid Monthly |
Account **30 MO. C.D. | Minimum Balance $1,000.00 | Interest Rate 1.30% | Annual Percentage Yield 1.31% | Interest Paid Monthly |
Account **36 MO. C.D. | Minimum Balance $1,000.00 | Interest Rate 3.05% | Annual Percentage Yield 3.10% | Interest Paid Monthly |
Account **48 MO. C.D. | Minimum Balance $1,000.00 | Interest Rate 1.75% | Annual Percentage Yield 1.77% | Interest Paid Monthly |
Account **60 MO. C.D. | Minimum Balance $1,000.00 | Interest Rate 3.00% | Annual Percentage Yield 3.05% | Interest Paid Monthly |
All Certificate of Deposit terms are available for IRA’s. Fees could reduce earnings on the account.
* Annual Percentage Yield is accurate as of May 11, 2019 and is subject to change without notice. Rate may change after account is opened. Fees could reduce earnings. Interest compounded daily.
**Annual Percentage Yield is accurate as of May 11, 2019 and is subject to change without notice. Penalty may be imposed for early withdrawal. Interest compounded daily.