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Farmers and Merchants Bank


TODAY'S FEATURED RATES
Member FDIC
APY APY = Annual Percentage Yield Rates as of 5/15/2025
4.44%
Our Rating
4.3  / 5
Peak Bank
Envision High Yield Savings
See Offer
Sponsored Note: Member FDIC: Insured up to $250,000. $100 Deposit Earns Interest Immediately.
Member FDIC
APY APY = Annual Percentage Yield Rates as of 5/15/2025
4.20%
Our Rating
3.6  / 5
Jenius Bank
Jenius Savings Account
See Offer
Sponsored Note: FDIC Insured. No fees or minimums. 24/7 U.S-based support.
Member FDIC
APY APY = Annual Percentage Yield Rates as of 5/15/2025
4.10%
Our Rating
4.2  / 5
CIT Bank
Platinum Savings
See Offer
Sponsored Note: Get up to a $300 Cash Bonus. FDIC Insured. See site for details.
Member FDIC
APY APY = Annual Percentage Yield Rates as of 5/15/2025
4.35%
Our Rating
4.1  / 5
BrioDirect
High-Yield Savings
See Offer
Sponsored Note: You must deposit at least $5,000 to open your account. Member FDIC
Member FDIC
APY APY = Annual Percentage Yield Rates as of 5/15/2025
4.36%
Our Rating
4.0  / 5
Vio Bank
Cornerstone Money Market
See Offer
Sponsored Note: Interest is compounded daily, growing your money fast
Member FDIC
APY APY = Annual Percentage Yield Rates as of 5/15/2025
3.80%
Our Rating
4.3  / 5
SoFi® Bank, N.A.
SoFi Checking and Savings
See Offer
Sponsored Note: Earn up to 3.80% APY and up to $300 with direct deposit. Members can unlock our highest savings rate with direct deposit OR by depositing $5,000 or more every 30 days. Terms Apply. Member FDIC
Member FDIC
APY APY = Annual Percentage Yield Rates as of 5/15/2025
3.60%
Our Rating
4.2  / 5
American Express®
High Yield Savings Account
See Offer
Sponsored Note: Interest compounds daily, deposited monthly
Member FDIC
Bonus Amount
up to $300
Our Rating
4.3  / 5
SoFi® Bank, N.A.
SoFi Checking and Savings
See Offer
Sponsored Note: Earn up to $300 with direct deposit, plus 2-day-early-pay. FDIC insured!
Overview / Commentary
www.fandm.bank
256-447-9041
112 East Ladiga Street
Piedmont, AL 36272

Farmers and Merchants Bank is headquartered in PIEDMONT and is the 50th largest bank in the state of Alabama. It is also the 2,514th largest bank in the nation. It was established in 1915 and as of December of 2024, it had grown to 54 employees at 5 locations. Farmers and Merchants Bank's CD rates are 4X the national average, and it has a B+ health rating.

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Health
B+

Data as of Q4 2024

Learn why bank health matters

Health Grade Components

Overall
FDIC Certificate #1735
Year Established1915
Employees54
Primary RegulatorFDIC
Profit Margin
Return on Assets - YTD0.84%
Return on Equity - YTD9.43%
Annual Interest Income$13.4MM
Assets and Liabilities
AssetsQ4 2024vs Q4 2023$295MM$298.6MM
LoansQ4 2024vs Q4 2023$144MM$136.1MM
DepositsQ4 2024vs Q4 2023$266.7MM$271.8MM
Equity CapitalQ4 2024vs Q4 2023$26.3MM$24.8MM
Loan Loss AllowanceQ4 2024vs Q4 2023$2MM$2.2MM
Unbacked Noncurrent LoansQ4 2024vs Q4 2023$550K$37K
Real Estate OwnedQ4 2024vs Q4 2023$0$1.1MM
TODAY'S FEATURED RATES
Member FDIC
APY APY = Annual Percentage Yield Rates as of 5/15/2025
4.44%
Our Rating
4.3  / 5
Peak Bank
Envision High Yield Savings
See Offer
Sponsored Note: Member FDIC: Insured up to $250,000. $100 Deposit Earns Interest Immediately.
Member FDIC
APY APY = Annual Percentage Yield Rates as of 5/15/2025
4.20%
Our Rating
3.6  / 5
Jenius Bank
Jenius Savings Account
See Offer
Sponsored Note: FDIC Insured. No fees or minimums. 24/7 U.S-based support.
Member FDIC
APY APY = Annual Percentage Yield Rates as of 5/15/2025
4.10%
Our Rating
4.2  / 5
CIT Bank
Platinum Savings
See Offer
Sponsored Note: Get up to a $300 Cash Bonus. FDIC Insured. See site for details.
Member FDIC
APY APY = Annual Percentage Yield Rates as of 5/15/2025
4.35%
Our Rating
4.1  / 5
BrioDirect
High-Yield Savings
See Offer
Sponsored Note: You must deposit at least $5,000 to open your account. Member FDIC
Member FDIC
APY APY = Annual Percentage Yield Rates as of 5/15/2025
4.36%
Our Rating
4.0  / 5
Vio Bank
Cornerstone Money Market
See Offer
Sponsored Note: Interest is compounded daily, growing your money fast
Member FDIC
APY APY = Annual Percentage Yield Rates as of 5/15/2025
3.80%
Our Rating
4.3  / 5
SoFi® Bank, N.A.
SoFi Checking and Savings
See Offer
Sponsored Note: Earn up to 3.80% APY and up to $300 with direct deposit. Members can unlock our highest savings rate with direct deposit OR by depositing $5,000 or more every 30 days. Terms Apply. Member FDIC
Member FDIC
APY APY = Annual Percentage Yield Rates as of 5/15/2025
3.60%
Our Rating
4.2  / 5
American Express®
High Yield Savings Account
See Offer
Sponsored Note: Interest compounds daily, deposited monthly
Member FDIC
Bonus Amount
up to $300
Our Rating
4.3  / 5
SoFi® Bank, N.A.
SoFi Checking and Savings
See Offer
Sponsored Note: Earn up to $300 with direct deposit, plus 2-day-early-pay. FDIC insured!
Rates
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* The APY shown varies based on the deposit amount. Expand the listing to see APYs for other deposit amounts.

Farmers and Merchants Bank Savings Account Rates

APYMINMAXACCOUNT NAMEVIEW DETAILS
0.25%$0-Savings Account
0.25%$0-Business Savings Account

Farmers and Merchants Bank Checking Account Rates

APYMINMAXACCOUNT NAMEVIEW DETAILS
0.30%*$10k*-Prime Investment Checking
OTHER TIERS: 0.10% → $1k - $1.5k | 0.15% → $1.5k - $10k
0.30%*$50k*-Wall Street Checking
OTHER TIERS: 0.25% → $0 - $50k
0.25%$0-NOW Account

Farmers and Merchants Bank CD Rates

APYMINMAXACCOUNT NAMEVIEW DETAILS
3.80%$1k-6 Month CD Special
3.29%$1k-1 Year CD
3.03%$1k-5 Year CD
2.78%$1k-4 Year CD
2.52%$1k-3 Year CD
2.27%$1k-18 Month CD
2.27%$1k-30 Month CD
2.02%$1k-2 Year CD
0.50%$1k-90 Day CD
0.10%$1k-60 Day CD
0.05%$1k-30 Day CD

Farmers and Merchants Bank IRA Rates

APYMINMAXACCOUNT NAMEVIEW DETAILS
3.80%$1k-6 Month IRA Special
3.29%$1k-1 Year IRA
3.03%$1k-5 Year IRA
2.78%$1k-4 Year IRA
2.52%$1k-3 Year IRA
2.27%$1k-18 Month IRA
2.27%$1k-30 Month IRA
2.02%$1k-2 Year IRA
0.50%$1k-90 Day IRA
0.10%$1k-60 Day IRA
0.05%$1k-30 Day IRA
Locations


Farmers and Merchants Bank Locations
Farmers and Merchants Bank112 E Ladiga StPiedmont, AL 36272
Jacksonville Branch1130 South Pelham RoadJacksonville, AL 36265
Anniston Branch1429 Quintard AvenueAnniston, AL 36201
Oxford Branch35 Ali WayOxford, AL 36203

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