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Farmers & Merchants State Bank (WI)


TODAY'S FEATURED RATES
Member FDIC
APY APY = Annual Percentage Yield Rates as of 7/1/2025
3.80%
Our Rating
4.2  / 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 7/1/2025
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 7/1/2025
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.fandmstbk.com
920-478-2181
210 West Madison
Waterloo, WI 53594

Farmers & Merchants State Bank (WI) is headquartered in WATERLOO and is the 109th largest bank in the state of Wisconsin. It is also the 2,810th largest bank in the nation. It was established in 1897 and as of March of 2025, it had grown to 32 employees at 3 locations. Farmers & Merchants State Bank (WI)'s savings rates are 5X the national average, and it boasts 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 #13242
Year Established1897
Employees32
Primary RegulatorFDIC
Profit Margin
Return on Assets - YTD0.56%
Return on Equity - YTD5.43%
Annual Interest Income$2.9MM
Assets and Liabilities
AssetsQ1 2025vs Q1 2024$240.2MM$234.7MM
LoansQ1 2025vs Q1 2024$197.4MM$197.2MM
DepositsQ1 2025vs Q1 2024$178.9MM$170.8MM
Equity CapitalQ1 2025vs Q1 2024$24.9MM$23.7MM
Loan Loss AllowanceQ1 2025vs Q1 2024$2.3MM$2.4MM
Unbacked Noncurrent LoansQ1 2025vs Q1 2024$33K$284K
Real Estate OwnedQ1 2025vs Q1 2024$0$0
TODAY'S FEATURED RATES
Member FDIC
APY APY = Annual Percentage Yield Rates as of 7/1/2025
3.80%
Our Rating
4.2  / 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 7/1/2025
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 7/1/2025
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 & Merchants State Bank (WI) Savings Account Rates

APYMINMAXACCOUNT NAMEVIEW DETAILS
5.00%*$0$500Custodial Savings
OTHER TIERS: 0.50% → $500+
5.00%*$0$500Youth Savings
OTHER TIERS: 0.50% → $500+
2.52%*$100k*-Business Platinum Savings
OTHER TIERS: 0.22% → $0 - $100k
2.52%*$100k*-Platinum Savings
OTHER TIERS: 0.22% → $0 - $100k
1.53%*$7.5k*-HSA Checking
OTHER TIERS: 0.52% → $0 - $7.5k
1.25%$10-Holiday Savings
0.22%*$25k*-Business Savings
OTHER TIERS: 0.07% → $0 - $25k
0.07%$100-Personal Savings

Farmers & Merchants State Bank (WI) Money Market Rates

APYMINMAXACCOUNT NAMEVIEW DETAILS
3.30%*$150k*-Business Prime Money Market
OTHER TIERS: 0.16% → $0 - $150k
2.04%*$250k*-Premium Money Market
OTHER TIERS: 0.16% → $0 - $250k
2.04%*$250k*- Premium Business Money Market
OTHER TIERS: 0.16% → $0 - $250k
0.31%*$150k*-Business Money Market
OTHER TIERS: 0.16% → $0 - $75k | 0.21% → $75k - $100k | 0.26% → $100k - $150k
0.31%*$150k*-Money Market
OTHER TIERS: 0.16% → $0 - $75k | 0.21% → $75k - $100k | 0.26% → $100k - $150k

Farmers & Merchants State Bank (WI) Checking Account Rates

APYMINMAXACCOUNT NAMEVIEW DETAILS
4.50%*$0$25kLegacy Rewards Checking
OTHER TIERS: 2.75% → $25k - $100k | 3.00% → $100k - $250k | 3.25% → $250k+
3.30%*$0$5kPrime Checking
OTHER TIERS: 0.01% → $5k+
0.05%*$2.5k*-Commercial Interest Checking
OTHER TIERS: 0.01% → $0 - $2.5k

Farmers & Merchants State Bank (WI) CD Rates

APYMINMAXACCOUNT NAMEVIEW DETAILS
4.25%$5k-6 Month CD Special
4.25%$5k-Business 6 Month CD Special
4.05%$5k-90 Day Option CD Special
4.05%$5k-Business 90 Day Option CD Special
3.75%$500-18 Month CD
3.75%$5k-24 Month Reverse CD Special
3.75%$5k-36 Month Reverse CD Special
3.75%$5k-48 Month Reverse CD Special
3.75%$5k-60 Month Reverse CD Special
3.75%$500-Business 18 Month CD
3.75%$5k-25 Month CD Special
3.75%$500-18 Month HSA CD
3.75%$5k-Business 25 Month CD Special
3.51%$20-20 Month Dream Builder CD Special
3.50%$500-24 Month CD
3.50%$500-Business 24 Month CD
3.50%$500-24 Month HSA CD
3.30%$500-60 Month CD
3.30%$500-36 Month CD
3.30%$500-Business 36 Month CD
3.30%$500-Business 60 Month CD
3.30%$500-36 Month HSA CD
3.30%$500-60 Month HSA CD
3.00%$500-12 Month CD
3.00%$500-Business 12 Month CD
3.00%$500-12 Month HSA CD

Farmers & Merchants State Bank (WI) IRA Rates

APYMINMAXACCOUNT NAMEVIEW DETAILS
4.25%$5k-6 Month IRA Special
4.05%$5k-90 Day Option IRA Special
3.75%$500-18 Month IRA
3.75%$5k-25 Month IRA Special
3.75%$5k-24 Month Reverse IRA Special
3.75%$5k-36 Month Reverse IRA Special
3.75%$5k-48 Month Reverse IRA Special
3.75%$5k-60 Month Reverse IRA Special
3.50%$500-24 Month IRA
3.30%$500-36 Month IRA
3.30%$500-60 Month IRA
3.00%$500-12 Month IRA
0.07%$100-IRA Passbook Savings
Locations


Farmers & Merchants State Bank (WI) Locations
Farmers & Merchants State Bank210 W Madison StWaterloo, WI 53594
Marshall Branch218 West MainMarshall, WI 53559

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