Money Market Account

This account is available to Consumer Customers, Corporations, Government Agencies, Non-Profit Organizations, Partnerships, and Sole Proprietorships. The minimum opening deposit requirement for Consumer Customer accounts is $1,000. The minimum opening deposit requirement for business accounts is $2,500. The monthly service charge of $10 will be waived when a $2,500 minimum daily balance, a $10,000 average daily balance at the end of your cycle period or a $15,000 combined average daily balance at the end of your cycle period with your linked Savings, Checking or Time Deposit is maintained in the account during the statement cycle period. A $10 fee will be charged for each withdrawal of any type that exceeds six (6) during each statement cycle. Interest compounds monthly and is credited on the monthly statement cycle date. An Automated Teller Machine (ATM) or F&M Bank Debit Card is available for Consumer Customer and Sole Proprietorship accounts only.

¹Monthly Service Charge refers to a recurring monthly account service charge or account maintenance fee; other fees and charges may apply.

² For new users, enrollment is required. There is no fee from F&M Bank to use Online & Mobile Banking. Internet access is required. Check with your mobile carrier about fees for internet data, text messaging, or other related services. Refer to our Online & Mobile Banking End User License Agreement for more information.

³ Some restrictions will apply and funds from a mobile deposit are not available for immediate use.

Other fees apply for example: a monthly Point of Sale (POS) charge, and for use of non-F&M Bank ATMs.

For terms and conditions, account information, and a list of fees and charges that may apply, please refer to our Customer Agreement & Schedule of Charges, Books I & II.

This information is effective 1/1/2024 and subject to change anytime without notice.