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Farmers & Merchants Bank & Trust (IA)


TODAY'S FEATURED RATES
Member FDIC
APY APY = Annual Percentage Yield Rates as of 4/23/2025
4.54%
Our Rating
4.2  / 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 4/23/2025
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 4/23/2025
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 4/23/2025
4.41%
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 4/23/2025
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 4/23/2025
4.45%
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 4/23/2025
3.70%
Our Rating
4.3  / 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.fmbanktrust.bank
319-754-2265
221 Jefferson Street
Burlington, IA 52601

Farmers & Merchants Bank & Trust (IA) is headquartered in BURLINGTON and is the 133rd largest bank in the state of Iowa. It is also the 2,945th largest bank in the nation. It was established in 1916 and as of December of 2024, it had grown to 47 employees at 4 locations. Farmers & Merchants Bank & Trust (IA) 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 #13737
Year Established1916
Employees47
Primary RegulatorFDIC
Profit Margin
Return on Assets - YTD0.38%
Return on Equity - YTD7.34%
Annual Interest Income$8.4MM
Assets and Liabilities
AssetsQ4 2024vs Q4 2023$216MM$233.6MM
LoansQ4 2024vs Q4 2023$118.9MM$120.5MM
DepositsQ4 2024vs Q4 2023$184MM$207.3MM
Equity CapitalQ4 2024vs Q4 2023$12.4MM$10.9MM
Loan Loss AllowanceQ4 2024vs Q4 2023$1.7MM$1.7MM
Unbacked Noncurrent LoansQ4 2024vs Q4 2023$171K$541K
Real Estate OwnedQ4 2024vs Q4 2023$0$1,000
TODAY'S FEATURED RATES
Member FDIC
APY APY = Annual Percentage Yield Rates as of 4/23/2025
4.54%
Our Rating
4.2  / 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 4/23/2025
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 4/23/2025
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 4/23/2025
4.41%
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 4/23/2025
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 4/23/2025
4.45%
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 4/23/2025
3.70%
Our Rating
4.3  / 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 & Merchants Bank & Trust (IA) Savings Account Rates

APYMINMAXACCOUNT NAMEVIEW DETAILS
0.40%$0-F&M Dream Big Savings Account
0.25%$0-Health Savings
0.10%$0-F&M MYWAY Saving Account

Farmers & Merchants Bank & Trust (IA) Checking Account Rates

APYMINMAXACCOUNT NAMEVIEW DETAILS
10.47%*$0$500F&M Campus Checking
OTHER TIERS: 0.05% → $500+
5.12%*$0$1kF&M Interest Checking
OTHER TIERS: 0.15% → $1k+
2.02%*$0$3kF&M Young Farmers Checking
OTHER TIERS: 0.10% → $3k+
0.15%$5k-Business F&M Interest Checking
0.15%*$2.5k*-F&M Extreme Checking
OTHER TIERS: 0.10% → $0 - $2.5k
0.05%$500-F&M 50+ Checking

Farmers & Merchants Bank & Trust (IA) CD Rates

APYMINMAXACCOUNT NAMEVIEW DETAILS
1.15%$500-19 Month Special
0.77%$500$100k5 Year CD
0.65%$500-7 Month CD Special
0.50%$500$100k4 Year CD
0.37%$500$100k36 month CD
0.32%$500$100k30 Month CD
0.28%$500$100k24 Month CD
0.25%$500$100k18 Month CD
0.21%$500$100k12 Month CD
0.20%$500$100k9 Month CD
0.19%$500$100k6 Month CD
0.14%$500$100k3 Month CD

Farmers & Merchants Bank & Trust (IA) IRA Rates

APYMINMAXACCOUNT NAMEVIEW DETAILS
0.10%$0-IRA Variable Savings
Locations


Farmers & Merchants Bank & Trust (IA) Locations
West Burlington Branch101 Broadway StreetWest Burlington, IA 52655
Farmers & Merchants Bank & Trust221 Jefferson StBurlington, IA 52601
Drive-In Branch109 West Mt. Pleasant StreetW. Burlington, IA 52655
Parking Lot BranchFourth and Valley StreetsBurlington, IA 52601

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