2.75% 12-Month CD at F&M Bank in Tennessee - Local Only


F&M Bank is offering a 2.75% APY 12-month CD. A checking account is required. Without the checking account, the rate is still very competitive at 2.50% APY. Minimum deposit is $1,000. This CD special is listed on the bank's front page and in the bank's promo page as of 10/15/09.

The bank offers a reward checking account that has no minimum balance requirement or monthly service charge (see account review).

It appears that a branch visit is required to open an account. Branches are located in several cities in middle Tennessee including Brentwood, Clarksville, Cookeville, Dover, Greenbrier, Hendersonville, Murfreesboro and Lebanon.

F&M Bank's ratings for safety and soundness are above average: 4 stars (excellent) at BauerFinancial and 3 stars (performing) at Bankrate.com. Both ratings are based on 6/30/09 financial data. The bank has been a FDIC member since 1934 (FDIC Certificate # 9963).

Other Competitive CD Rates
Anonymous   |     |   Comment #1
Just checked out SFGI Direct online savings account. 2.25% rate......great site for online savers. Best rate I found, no gimmics or promo rate!!!!
2.75% Reward Checking Account at F&M Bank in Tennessee - Local Only
Update 11/08/09: The top rate has fallen to 2.75% APY. Refer to the bottom of the post for the rate history.

F&M Bank is offering a reward checking account called Smart E-Checking. The account offers the following rates and features if certain monthly requirements are met:
  • 2.75% APY on balances up to $50,000
  • 1.00% APY on the portion of the balance over $50,000
  • 0.50% base rate if qualifications are not met
  • ATM fee refunds nationwide
The monthly requirements include:
  • 10 check card transactions
  • one direct deposit or automatic debit
  • Access online banking
  • Receive e-Statements
Additional features of the account include:
  • No minimum...

Continue Reading