Farmers and Merchants Bank of ND
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CHECKING:

Regular Personal Checking: From the teenager opening his first checking account, to a longtime banking customer, this account serves everyone’s needs well... a basic checking account with the features you need and want. 

  • no minimum balance requirements
  • $1 monthly service charge
  • statements with check images
  • unlimited check writing
  • debit card availability upon approval
  • bill pay access

Personal Now Checking: With this account, you can earn interest on a checking account without having to keep a high minimum balance. 

  • earns interest (accrued interest credited monthly to the account)
  • requires that a $1000 daily balance by maintained to avoid a $5 per month flat service charge
  • monthly statements with check images
  • unlimited check writing
  • debit card availability upon approval
  • bill pay access

Personal Super Now Checking: An interest bearing account checking account available to you. 

  • earns interest (accrued interest credited monthly to the account)
  • requires that a $2500 daily balance by maintained to avoid a $10 per month flat service charge
  • monthly statements with check images
  • unlimited check writing
  • debit card availability upon approval
  • bill pay access

SAVINGS:

Personal Passbook Savings Account: If you’re able to put some money away for a special project, trip, or upcoming bill but can’t lock it up in a Certificate of Deposit, this account should be considered. 

  • earn interest (accrued interest credited to the account quarterly)
  • requires that a $100 daily balance by maintained to avoid a $2.00 per month flat service charge
  • debit card availability upon approval for cash withdrawals only
  • transfers and withdrawals from this account to another of your accounts or to third parties by preauthorized, automatic, telephonic or computer transfer, or by check, draft, debit card, or similar order to third parties, cannot exceed six per calendar month or statement cycle of at least four weeks. If you exceed the transfer limitations set forth above, we may ask you to switch to another type of account. 

Personal Passbook Savings Account for those under age 19: We want to encourage our young customers to save, therefore waive all fees on this account. 

  • earn interest (accrued interest credited to the account quarterly)
  • no minimum balance requirements
  • debit card availability upon approval for cash withdrawals only
  • transfers and withdrawals from this account to another of your accounts or to third parties by preauthorized, automatic, telephonic or computer transfer, or by check, draft, debit card, or similar order to third parties, cannot exceed six per calendar month or statement cycle of at least four weeks. If you exceed the transfer limitations set forth above, we may ask you to switch to another type of account. 

Personal IRA Savings Account: Use this tool to make periodic contributions until you meet minimum deposit requirements for an IRA Certificate of Deposit. 

  • earn interest (accrued interest credited to the account quarterly)
  • no minimum balance requirements

Personal Money Market Account: If you have a larger amount of money to invest, but may occasionally need access to it, this account may be what you want. 

  • Minimum daily balance requirement of $10,000 to avoid a $10 per month flat service charge
  • transfers and withdrawals to another of your accounts or to third parties by preauthorized, automatic, telephonic or computer transfer or by check, draft, debit card, or similar order to third parties, cannot exceed six per calendar month or statement cycle of at least four weeks. If you exceed the transfer limitations set forth above, we may ask you to switch to another type of account.
  • monthly statements with check images
  • debit card availability upon approval
  • limited bill pay access

CERTIFICATES OF DEPOSIT: For a long term investment, a certificate of deposit (CD) provides a  great way of earning interest.  You pick the term that works the best for your future funding needs and we pay you a guaranteed rate of interest for that period of time.  There may be a penalty imposed for early withdrawal.  

  • minimum balances starting $1000
  • maturities ranging from 91 days to 5 years
  • interest can be compounded, transferred to another account at our institution or paid by check

INDIVIDUAL RETIREMENT ACCOUNTS (IRAs): Set aside money for your retirement by opening an IRA with us.  We will charge no fees for setting up and maintaining your IRA.  Visit with your tax consultant to see how this type of investment may work for you, then call the Tolna branch to get started.

For the current rates on these deposit accounts, please stop in or call:

Tolna location: 101 N Main Street 701-262-4211
Binford location: 207 Whinery St 701-676-2411
Mcville location: 201 S Main Street 701-322-4324

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