Money Market Account Rates Deal of the Day: Farmers & Merchants Savings Bank at 1.75% APY

Some investment opportunities may intimidate depositors from participating because of the complicated terms and time length required of the arrangement. Farmers and Merchants Savings Bank has a totally stress free money market interest rate of up to 1.75%.

There are some simple terms depositors must meet to have their account live up to their greatest earning potential:

• Minimum opening balance of $500 required
• Money market interest rate only applies on Gold Money Market Account
• Interest credited and compounded monthly
• Money market account features two earning tiers:
  • Money market account deposits of $500,000 or more can earn 1% APY
  • Money market account deposits under $500,000 can earn 1.74% APY
• FDIC insured

Farmers & Merchants Savings Bank has a history dating back to 1925. At that time a bunch of Waterville, Iowa locals realized that their town needed a bank to call their own. Since then the bank has opened branches in Waukon and Decorah.

>> Top Money Market Rates

Other Terms and Conditions may apply. Additionally, rates may have changed since this offer was posted. Please contact the financial institution for the most recent rate updates and to review the terms of the offer.