F&M Bank Market Rate Savings
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| Monthly Fee | $0 - $3.30 |
| APY (Annual Percentage Yield) | 0.03% - 0.05% |
| Minimum Balance to Earn APY | N/A |
F&M Bank Market Rate Savings Review
F&M Bank Market Rate Savings is offered by F&M Bank, founded in 1907 and based in Long Beach, CA. F&M Bank Market Rate Savings is available in 1 state across the USA.
- Higher than average APY. F&M Bank Market Rate Savings has an annual percentage yield of up to .05%, which is higher than the national average interest rate on savings accounts.
- Charges a monthly fee. This account charges a monthly service fee of up to $3.30.
- $100 minimum deposit. This is a typical minimum initial deposit, but there are accounts that require a smaller initial deposit or have no minimum.
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Are savings accounts from F&M Bank federally insured?
No, your F&M Bank savings accounts are not insured by a federal insurance agency. This means that if F&M Bank were to fall into financial difficulties, your deposits are not covered by a government backed insurance fund like the FDIC or NCUSIF.
Does F&M Bank offer a signup bonus?
F&M Bank Market Rate Savings doesn't offer a signup bonus.
What is the minimum initial deposit for F&M Bank Market Rate Savings?
The minimum deposit to open a F&M Bank Market Rate Savings is $100.| Description | |
|---|---|
| Minimum Direct Deposit to Avoid Monthly Fee | $500 |
| Minimum Opening Deposit | Starting at $100 |
What APY does F&M Bank offer?
F&M Bank Market Rate Savings offers an APY starting at .03% and ranging up to .05% (APY stands for annual percentage yield, rates may change).
What fees does F&M Bank Market Rate Savings charge?
F&M Bank Market Rate Savings does not charge a monthly service fee. See the fee breakdown section below to view all fees.
Avoid the monthly fees by setting up a direct deposit of at least $500.
- Outgoing domestic bank transfers come with a $30 fee.
- Incoming domestic bank transfers come with a $10 fee.
- Outgoing international bank transfers come with a $60 fee. You can save a ton of money in fees if you use use a nonbank money transfer service.
- Incoming international bank transfers come with a $10 fee.
- F&M Bank Market Rate Savings charges a $20 fee for an early account closure. Contact F&M Bank Market Rate Savings for more details on what is considered an early closure.
- F&M Bank Market Rate Savings charges $3 every time you request a paper statement.
What features and perks does F&M Bank Market Rate Savings offer?
This savings account includes the following features:
Can you set up a direct deposit to F&M Bank Market Rate Savings?
In most cases, the answer is yes. However, it depends on the direct deposit program your employer uses. Most direct deposit programs allow you to send your paycheck to a savings or checking account. In some cases, you can even split your paycheck between the two.
What is the customer support email for F&M Bank Market Rate Savings?
The customer support email for F&M Bank Market Rate Savings is rcs@fmb.com.
Contact
- Headquarters
-
302 Pine Ave
Long Beach, CA 90802 USA - Visit Site
- Email Support
Other Services by F&M Bank
Availability
Feature Breakdown
| Minimum Direct Deposit to Avoid Monthly Fee | $500 |
| Minimum Opening Deposit | Starting at $100 |
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