Personal Checking Accounts

 

Personal Checking

F&M Advantage

NOW Account

Minimum to open

$100.00 minimum deposit

$100.00 minimum deposit

$100.00 minimum deposit

Minimum balance

$500.00 average
to avoid fees1

No Minimum Balance

$1,000.00 average
to avoid fees1

Maintenance Fees
  • $4.003/month if average daily balance falls below $500.001
  • A debit fee of $.203 will be charged for each debit transaction2. This fee applies if average daily balance falls below $500.00 for the monthly statement cycle.1
  • Refer to Maintenance and Debit Fee Exceptions below.

Copies of statement images (checks and deposit slips) available for $1.00 per item

  • $8.003/month if average daily balance falls below $1,000.001.
  • A debit fee of $.203 will be charged for each debit transaction2. This fee will apply if average daily balance falls below $1,000.00 for the monthly statement cycle1.
  • Refer to Maintenance and Debit Fee Exceptions below.
Transaction limitations

n/a

Statement images (checks and deposit slips) are not returned with statement.

n/a

Dormant fee3

$3.00/month if average daily balance falls below $200.001 and no activity for 12 months. There is no dormant fee on Money Tree or Junior Savings accounts.

Interest rate4

n/a

n/a

See interest rates

ATM or VISA debit card Checkmark Checkmark Checkmark
Free online banking Checkmark Checkmark Checkmark
Free basic bill pay Checkmark Checkmark Checkmark
Free mobile banking Checkmark Checkmark Checkmark
Free electronic statements Checkmark Checkmark Checkmark

Personal Savings Accounts

 

Savings Account

Money Market Savings

Christmas Club

Minimum to open

$100.00 minimum deposit

 

$100.00 minimum deposit

 

$10.00 minimum deposit

Minimum balance

$100.00 average to avoid maintenance fees1

$500.00 average to avoid debit fees1

$1,000.00 average
to avoid fees1

No Minimum Balance

Maintenance Fees
  • $5.00/month if average daily balance falls below $100.001
  • A debit fee of $1.00 will be charged for each debit transaction2 in excess of 6 per month if average daily balance falls below $500.001.
  • Refer to Maintenance and Debit Fee Exceptions below.
  • $10.00/month if average daily balance falls below $1,000.001.
  • A debit fee of $5.00 will be charged for each debit transaction2 in excess of 6 during a monthly statement cycle regardless of balance maintained.

No Maintenance Fees

Transaction limitations

Transfers from savings to another account or third parties5 are limited to 6 per statement cycle.

$10.00 per month minimum deposit.

Dormant fee

$3.00/month if average daily balance falls below $200.001 and no activity for 12 months.

n/a
Interest rate4 See interest rates See interest rates See interest rates
ATM or VISA debit card Checkmark Checkmark n/a
Free online banking Checkmark Checkmark n/a
Free mobile banking Checkmark Checkmark n/a
Free electronic statements Checkmark Checkmark n/a

Maintenance and Debit Fee exceptions: Fees will not apply to: Ages 62 and older, children age 18 and younger, students age 21 and younger, conservatorship for individuals age 62 and older or individuals under age 18, estate accounts, trust accounts and non-profit accounts.

1 The average daily balance is calculated by adding the principal in the account each day of the period and dividing that total by the number of days in the period.

2 Debit transaction means any withdrawal, check paid, automatic transfer or payment out of this account.

3 This fee is subject to Iowa State sales tax.

4 At our discretion, the interest rate and annual percentage yield may change weekly. Interest will be compounded daily. Interest will be credited to your account monthly. Interest begins to accrue on the business day you deposit noncash items (ie: checks). We use the daily balance computation method to calculate the interest on your account. This method applies a daily periodic rate to the principal in the account each day. Interest rate and annual percentage yield may change.

5 Transfers to third parties include preauthorized, automatic, or telephone transfer, check, draft, debit card, or similar order.