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5.01% Reward Checking Account at Farmers & Merchants Bank in Wisconsin - Local Only


Farmers & Merchants Bank is offering a rewards checking account with the following rates and features if certain monthly requirements are met:
  • 5.01% APY on balances up to $25,000
  • 1.00% on portion of balance over $25,000
  • 0.05% on all balances if requirements are not met
  • Refunds ATM fees nationwide up to $15 per cycle
The monthly requirements include:
  • 14 check card purchases (excludes PIN-based and ATM transactions)
  • 1 or more ACH transaction per cycle
  • Have online banking and receive e-statements
Additional features of the account regardless of the monthly requirements include:
  • $100 minimum initial deposit
  • No minimum balance requirement
  • No monthly service charge
It appears a branch visit is required to open an account. Branches are located in the Wisconsin cities of Tomah and Warrens.

The bank's ratings for safety and soundness are above average: 4 stars (excellent) at BauerFinancial and 3 stars (performing) at Both ratings are based on 3/31/09 financial data.

Farmers & Merchants Bank has been a FDIC member since 1934 (FDIC Certificate # 13046).

Other Reward Checking Accounts

To find reward checking accounts in other areas of the nation or to learn more about these accounts, please refer to my High Yield Checking website.

Rate History: (early rate history constructed from bank notes newsletters)

Apr 2009: 5.01% APY up to $25K; count increased to 14 non-PIN purchases
Jan 2009: 5.11% APY up to $25K; 1.00% over; NOW account base rate; 10 non-PIN purchases

  Tags: Wisconsin, Farmers & Merchants Bank, checking account, reward checking account

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Comment #1 by Anonymous posted on
So many F&M banks that make my head spin... no online forms.

Comment #2 by 51hh posted on
3.61%, coming down to earth.