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Farmers & Merchants Bank


TODAY'S FEATURED RATES
Member FDIC
APY APY = Annual Percentage Yield Rates as of 3/23/2025
4.54%
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 3/23/2025
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 3/23/2025
3.70%
Our Rating
4.3  / 5
American Express®
High Yield Savings Account
See Offer
Sponsored Note: Interest compounds daily, deposited monthly
Member FDIC
APY APY = Annual Percentage Yield Rates as of 3/23/2025
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 3/23/2025
4.39%
Our Rating
3.6  / 5
Valley National Bank
High-Yield Savings Account Via Raisin
See Offer
Sponsored Note: Valley National Bank, Member FDIC. $1 minimum, with no fees to open and maintain through Raisin. $250 bonus for new customers with a minimum deposit of $25,000 with promo code GET250.
Member FDIC
APY APY = Annual Percentage Yield Rates as of 3/23/2025
4.25%
Our Rating
3.7  / 5
Sallie Mae Bank
14 Month High-Yield CD Via Raisin
See Offer
Sponsored Note: Sallie Mae Bank, Member FDIC. $1 minimum, with no fees to open and maintain through Raisin. $250 bonus for new customers with a minimum deposit of $25,000 with promo code GET250.
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.fmbankva.com
540-896-8941
205 S. Main St.
Timberville, VA 22853

Farmers & Merchants Bank is headquartered in TIMBERVILLE and is the 24th largest bank in the state of Virginia. It is also the 836th largest bank in the nation. It was established in 1908 and as of December of 2024, it had grown to 158 employees at 15 locations. Farmers & Merchants Bank's money market rates are 8X 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 #8668
Year Established1908
Employees158
Primary RegulatorFED
Profit Margin
Return on Assets - YTD0.56%
Return on Equity - YTD8.61%
Annual Interest Income$64.4MM
Assets and Liabilities
AssetsQ4 2024vs Q4 2023$1.3B$1.29B
LoansQ4 2024vs Q4 2023$834.1MM$814.9MM
DepositsQ4 2024vs Q4 2023$1.2B$1.14B
Equity CapitalQ4 2024vs Q4 2023$87.7MM$80.4MM
Loan Loss AllowanceQ4 2024vs Q4 2023$8.1MM$8.3MM
Unbacked Noncurrent LoansQ4 2024vs Q4 2023$7.1MM$6.5MM
Real Estate OwnedQ4 2024vs Q4 2023$77K$55K
TODAY'S FEATURED RATES
Member FDIC
APY APY = Annual Percentage Yield Rates as of 3/23/2025
4.54%
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 3/23/2025
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 3/23/2025
3.70%
Our Rating
4.3  / 5
American Express®
High Yield Savings Account
See Offer
Sponsored Note: Interest compounds daily, deposited monthly
Member FDIC
APY APY = Annual Percentage Yield Rates as of 3/23/2025
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 3/23/2025
4.39%
Our Rating
3.6  / 5
Valley National Bank
High-Yield Savings Account Via Raisin
See Offer
Sponsored Note: Valley National Bank, Member FDIC. $1 minimum, with no fees to open and maintain through Raisin. $250 bonus for new customers with a minimum deposit of $25,000 with promo code GET250.
Member FDIC
APY APY = Annual Percentage Yield Rates as of 3/23/2025
4.25%
Our Rating
3.7  / 5
Sallie Mae Bank
14 Month High-Yield CD Via Raisin
See Offer
Sponsored Note: Sallie Mae Bank, Member FDIC. $1 minimum, with no fees to open and maintain through Raisin. $250 bonus for new customers with a minimum deposit of $25,000 with promo code GET250.
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 Savings Account Rates

APYMINMAXACCOUNT NAMEVIEW DETAILS
0.50%*$5$5kTreehouse Savings Club
OTHER TIERS: 0.15% → $5k+
0.15%$0-Premium Savings
0.15%$0-Christmas Club Savings
0.15%$0-Business Premium Savings

Farmers & Merchants Bank Money Market Rates

APYMINMAXACCOUNT NAMEVIEW DETAILS
3.71%*$1.5m*-F & M Money Market
OTHER TIERS: 3.04% → $1k - $100k | 3.09% → $100k - $250k | 3.15% → $250k - $750k | 3.20% → $750k - $1.5m
3.71%*$1.5m*-Business Money Market Account
OTHER TIERS: 3.04% → $1k - $100k | 3.09% → $100k - $250k | 3.15% → $250k - $750k | 3.20% → $750k - $1.5m

Farmers & Merchants Bank Checking Account Rates

APYMINMAXACCOUNT NAMEVIEW DETAILS
1.10%*$250k*-Checking For Non Profits
OTHER TIERS: 0.55% → $1k - $10k | 0.75% → $10k - $100k | 0.95% → $100k - $250k
0.10%$1k-Sole Proprietorships Interest Checking

Farmers & Merchants Bank CD Rates

APYMINMAXACCOUNT NAMEVIEW DETAILS
3.29%$1k-12 Month CD
3.29%$1k-Business 12 Month CD
3.03%$1k-12 Month Penalty Free CD
3.03%$1k-Business 12 Month Penalty Free CD
3.03%$1k-9 Month CD
3.03%$1k-Business 9 Month CD
2.78%$1k-24 Month CD
2.78%$1k-Business 24 Month CD
2.77%$1k-182 Days CD
2.77%$1k-Business 182 Days CD
2.52%$1k-36 Month CD
2.52%$1k-Business 36 Month CD
2.52%$1k-3 Month CD
2.52%$1k-Business 3 Month CD
2.02%$1k-48 Month CD
2.02%$1k-Business 48 Month CD
1.91%$1k-60 Month CD
1.91%$1k-Business 60 Month CD
Locations

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