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Farmers and Merchants State Bank (IA)


TODAY'S FEATURED RATES
Member FDIC
APY APY = Annual Percentage Yield Rates as of 7/13/2025
4.00%
Our Rating
4.2  / 5
CIT Bank
Platinum Savings
See Offer
Sponsored Note: Earn more with a min. balance of $5K. Savings starts at $100. FDIC Insured.
Member FDIC
APY APY = Annual Percentage Yield Rates as of 7/13/2025
3.80%
Our Rating
4.2  / 5
SoFi® Bank, N.A.
SoFi Checking and Savings
See Offer
Sponsored Note: +0.20% boost to 4.00% for up to 6 months on new accounts with eligible direct deposit. Terms apply.
Member FDIC
APY APY = Annual Percentage Yield Rates as of 7/13/2025
3.60%
Our Rating
4.3  / 5
American Express
American Express® High Yield Savings Account
See Offer
Sponsored Note: Interest compounds daily, deposited monthly
Member FDIC
APY APY = Annual Percentage Yield Rates as of 7/13/2025
3.50%
Our Rating
4.4  / 5
Capital One
360 Performance Savings
See Offer
Sponsored Note: It only takes about 5 minutes to open a fee-free account. Member FDIC.
Member FDIC
APY APY = Annual Percentage Yield Rates as of 7/13/2025
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
Bonus Amount
up to $300
Our Rating
4.2  / 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.fmstate.bank
515-462-4242
101 West Jefferson
Winterset, IA 50273

Farmers and Merchants State Bank (IA) is headquartered in WINTERSET and is the 120th largest bank in the state of Iowa. It is also the 2,705th largest bank in the nation. It was established in 1938 and as of March of 2025, it had grown to 31 employees at 4 locations. Farmers and Merchants State Bank (IA)'s CD rates are 4X the national average, and it has an A health rating.

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Health
A

Data as of Q1 2025

Learn why bank health matters

Health Grade Components

Overall
FDIC Certificate #15610
Year Established1938
Employees31
Primary RegulatorFDIC
Profit Margin
Return on Assets - YTD1.21%
Return on Equity - YTD13.55%
Annual Interest Income$3MM
Assets and Liabilities
AssetsQ1 2025vs Q1 2024$259.1MM$230.4MM
LoansQ1 2025vs Q1 2024$152.2MM$142.8MM
DepositsQ1 2025vs Q1 2024$230.9MM$204MM
Equity CapitalQ1 2025vs Q1 2024$23.8MM$21.2MM
Loan Loss AllowanceQ1 2025vs Q1 2024$1.4MM$1.4MM
Unbacked Noncurrent LoansQ1 2025vs Q1 2024$0$0
Real Estate OwnedQ1 2025vs Q1 2024$0$0
TODAY'S FEATURED RATES
Member FDIC
APY APY = Annual Percentage Yield Rates as of 7/13/2025
4.00%
Our Rating
4.2  / 5
CIT Bank
Platinum Savings
See Offer
Sponsored Note: Earn more with a min. balance of $5K. Savings starts at $100. FDIC Insured.
Member FDIC
APY APY = Annual Percentage Yield Rates as of 7/13/2025
3.80%
Our Rating
4.2  / 5
SoFi® Bank, N.A.
SoFi Checking and Savings
See Offer
Sponsored Note: +0.20% boost to 4.00% for up to 6 months on new accounts with eligible direct deposit. Terms apply.
Member FDIC
APY APY = Annual Percentage Yield Rates as of 7/13/2025
3.60%
Our Rating
4.3  / 5
American Express
American Express® High Yield Savings Account
See Offer
Sponsored Note: Interest compounds daily, deposited monthly
Member FDIC
APY APY = Annual Percentage Yield Rates as of 7/13/2025
3.50%
Our Rating
4.4  / 5
Capital One
360 Performance Savings
See Offer
Sponsored Note: It only takes about 5 minutes to open a fee-free account. Member FDIC.
Member FDIC
APY APY = Annual Percentage Yield Rates as of 7/13/2025
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
Bonus Amount
up to $300
Our Rating
4.2  / 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 State Bank (IA) Savings Account Rates

APYMINMAXACCOUNT NAMEVIEW DETAILS
0.80%$0-Junior Savings
0.40%*$25k*-Savings Account
OTHER TIERS: 0.25% → $0 - $2.5k | 0.30% → $2.5k - $5k | 0.35% → $5k - $25k
0.40%*$25k*-Business Savings Account
OTHER TIERS: 0.25% → $0 - $2.5k | 0.30% → $2.5k - $5k | 0.35% → $5k - $25k

Farmers and Merchants State Bank (IA) Money Market Rates

APYMINMAXACCOUNT NAMEVIEW DETAILS
1.25%*$250k*-Money Market Savings
OTHER TIERS: 0.25% → $0 - $5k | 0.65% → $5k - $25k | 1.00% → $25k - $100k | 1.10% → $100k - $250k
1.25%*$250k*-Business Money Market Savings
OTHER TIERS: 0.25% → $0 - $5k | 0.65% → $5k - $25k | 1.00% → $25k - $100k | 1.10% → $100k - $250k

Farmers and Merchants State Bank (IA) Checking Account Rates

APYMINMAXACCOUNT NAMEVIEW DETAILS
0.10%$1.5k-F&M Classic Plus

Farmers and Merchants State Bank (IA) CD Rates

APYMINMAXACCOUNT NAMEVIEW DETAILS
4.09%$1k-6 Month CD
3.85%$1k-12 Month CD
3.50%*$100k*-60 Month CD
OTHER TIERS: 2.70% → $1k - $10k | 3.30% → $10k - $100k
3.30%*$100k*-48 Month CD
OTHER TIERS: 2.60% → $1k - $10k | 3.25% → $10k - $100k
3.25%*$100k*-36 Month CD
OTHER TIERS: 2.50% → $1k - $10k | 3.15% → $10k - $100k
3.20%*$100k*-24 Month CD
OTHER TIERS: 2.40% → $1k - $10k | 3.10% → $10k - $100k
3.01%*$10k*-18 Month CD
OTHER TIERS: 2.51% → $1k - $10k

Farmers and Merchants State Bank (IA) IRA Rates

APYMINMAXACCOUNT NAMEVIEW DETAILS
3.50%$1k-60 Month IRA
3.50%$25-12 Month Roth IRA
3.50%$1k-60 Month Roth IRA
3.26%$10-18 Month IRA
Locations


Farmers and Merchants State Bank (IA) Locations
Farmers and Merchants State Bank101 W Jefferson StWinterset, IA 50273
Orient Branch114 South Broad StreetOrient, IA 50858
St Charles Branch317 East Main StreetSaint Charles, IA 50240
Motor Branch722 North First StreetWinterset, IA 50273

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