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CD and Deposit Account Rates
These rate are effective as of September 20, 2021
Enjoy the added convenience that a credit card can add to your life.Farmers & Merchants Bank and ServisFirst Bank have come together to offer these services to our customers. Secure online tools to help you stay on top of your accounts.With instant 24/7 access to online financial management, we make it easier for you to control your spending, manage your payments, and save more! Why bother with the ups and downs of changing interest rates? Find a good rate and lock it down with a CD. This is an easy way to make a solid return without doing any of the work, and aside funds for future savings goals. Just pick a term, lock in the rate, and let the CD do the rest. It’s that simple! 1.25% APY 13-Month Anniversary CD Special!*
Requirements
Early withdrawals subject to penalty.* For clients who have sizable amounts to invest, the Certificate of Deposit Account Registry Service® is the perfect solution. Enjoy the convenience and high rate of CDs with the security of full FDIC insurance up to $50 million. Using CDARS, we will place your funds with multiple FDIC-insured institutions so that all your money is covered. You will only have to work with us—one rate, one bank, one relationship. It’s the perfect place for your nest egg—no matter how big it is.
CD calculatorInitial deposit Term length (in months) Total value at maturity $0 Total interest earned $0 Annual Percentage Yield (APY) 0% Our calculators are for informational purposes only and are not intended to provide financial advice. All examples are hypothetical and for illustrative purposes. Although we have obtained content from sources deemed to be reliable, Farmers & Merchants State Bank and its affiliates are not responsible for any content provided by unaffiliated third parties. You may wish to consult an appropriate outside advisor about your financial situation. Request InfoWhat bank is paying the highest rate on CDs?Best CD rates of October 2022
Capital One: 6 months – 5 years, 2.00% APY – 3.50% APY; no minimum deposit needed to open. Marcus by Goldman Sachs: 6 months – 6 years, 2.00% APY – 3.30% APY; $500 minimum deposit to open. Synchrony Bank: 3 months – 5 years, 1.75% APY – 3.61% APY; no minimum deposit needed to open.
Who has the highest 12Best 1-year CD rates for October 2022. Connexus Credit Union: 3.51% APY, $5,000 minimum to open.. Bread Savings: 3.60% APY, $1,500 minimum to open.. Bank5 Connect: 3.10% APY, $500 minimum to open.. Popular Direct: 3.20% APY, $10,000 minimum to open.. Live Oak Bank: 3.50% APY, $2,500 minimum to open.. What bank has the best one year CD rates?Best 1-year CD rates for October 2022. Ally Bank: 3.00% APY, $0 minimum deposit.. Marcus by Goldman Sachs: 3.00% APY, $500 minimum deposit.. LendingClub Bank: 3.00% APY, $2,500 minimum deposit.. Citizens: 3.00% APY, $5,000 minimum deposit.. First Internet Bank of Indiana: 2.99% APY, $1,000 minimum deposit.. Who has the highest 10 year CD rate?A closer look at the top 10-year CD rates. Discover Bank: 3.30% APY; $2,500 minimum deposit to open. ... . EmigrantDirect: 2.75% APY; $1,000 minimum deposit to open. ... . Vio Bank: 2.00% APY; $500 minimum deposit to open. ... . MySavingsDirect: 2.00% APY; $1,000 minimum deposit to open.. What are the current 6 month CD rates?Best 6-Month CD Rates:. NASA Federal Credit Union – 3.55% APY.. Lafayette Federal Credit Union - 3.29% APY.. CommunityWide Federal Credit Union - 3.25% APY.. Merrick Bank - 3.10% APY.. TAB Bank - 3.05% APY.. One American Bank - 3.01% APY.. ConnectOne Bank - 2.85% APY.. My eBanc - 2.84% APY.. What is the highest 6 month CD rate?Best 6-Month CD Rates. |