F&M Bank Market Rate Money Market Review

F&M Bank Market Rate Money Market is offered by F&M Bank, a bank founded in 1907 and based in Long Beach, CA. F&M Bank Market Rate Money Market is available in 1 state across the USA.

Are money market accounts from F&M Bank federally insured?

Yes, your F&M Bank money market accounts are insured up to $250,000 per person by the Federal Deposit Insurance Corporation (FDIC). The FDIC is an independent agency of the United States government that protects you against the loss of your insured deposits if an FDIC-insured bank or savings association fails. FDIC insurance is backed by the full faith and credit of the United States government.

What are the F&M Bank Market Rate Money Market rates?

F&M Bank Market Rate Money Market offers an APY starting at .05% and ranging up to .08% (APY stands for annual percentage yield, rates may change).

What are the F&M Bank Market Rate Money Market fees?

What is the minimum balance for F&M Bank Market Rate Money Market?

Minimum initial deposit of $100. You must make an initial deposit of at least $100 to open this account.

Monthly maintenance minimum balance of $2,500. You can avoid the monthly fee if you keep a minimum balance $2,500.

What features and perks does F&M Bank Market Rate Money Market offer?

This account includes the following features:

• Fraud monitoring - F&M Bank monitors transactions for potentially fraudulent activity.
• Mobile Banking Services - F&M Bank Market Rate Money Market allows you to manage your money online. This includes depositing checks in your account with your smartphone.

How to open an account with F&M Bank

• Visit the F&M Bank website.
• Fill in the application form. You will typically need to provide general financial information, such as your name, Social Security Number and address.
• Check the information is accurate and submit your application.