F&M Bank Youth Savings Review

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

Are savings accounts from F&M Bank federally insured?

Yes, your F&M Bank savings 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.

Does F&M Bank offer a signup bonus?

F&M Bank Youth Savings doesn't offer a signup bonus.

What is the minimum balance for F&M Bank Youth Savings?

What APY does F&M Bank offer?

F&M Bank Youth Savings offers an APY of .03% (APY stands for annual percentage yield, rates may change).

What features and perks does F&M Bank Youth Savings offer?

This account includes the following features.

What fees does F&M Bank Youth Savings charge?

F&M Bank Youth Savings does not charge a monthly maintenance fee. See the fee breakdown section below to view all fees.

However, you can waive the monthly fee if you have a minimum daily balance of $200.

• Outgoing domestic bank transfers come with a $30 fee.
• Incoming domestic bank transfers come with a $10 fee.
• Outoing 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 Youth Savings charges a $20 fee for an early account closure. Contact F&M Bank Youth Savings for more details on what is considered an early closure.
• F&M Bank Youth Savings charges $3 every time you request a paper statement.