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Business Savings Accounts

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Savings Accounts for Your Business or Farm

You should have options when it comes to saving your money, and that’s exactly what we offer at F & M Community Bank. Whether you want a standard savings account that offers competitive interest rates on your balance or an account offering tiered interest rates that reward you for keeping higher balances, you can choose what works best for your farm or business.

Choose Your Savings Account

Account Name

Choose this account if…

Minimum Opening Balance



Community Business Savings

You are looking for a standard savings account offering competitive interest rates on all balances.


$1 fee per withdrawal after 12 free withdrawals per quarter


$10 quarterly service fee if $100 average daily balance isn’t met

12 free withdrawals per quarter


Free online banking


Interest compounded and credited quarterly1


Set up direct deposit or automatic transfers from your business checking account


Community Money Market*

You can maintain higher account balances and want to take advantage of higher interest rates for larger balances.


$10 excessive transfer fee (this is a flat fee that will only be incurred if you have more than 6 transfers per month)

6 free transfers per month


No monthly service fees


Free online banking


Interest paid on all balances over $1,000


Interest compounded and credited monthly

*F & M checking account is required to open a money market account.
[1] Competitive interest is paid on all balances of $100 or more.


Certificates of Deposit

If you’re interested in setting aside some of the money you’ve saved for your business, F & M Community Bank offers Certificate of Deposit (CD) accounts that limit fees and offer interest rates above what you’ll find in a standard savings account. Features of Business CDs include:

  • $1,000 minimum deposit to open
  • Choose your term length between three months and five years
  • Better rates on longer terms
  • No setup or maintenance fees
  • Interest accrues daily and is compounded or paid quarterly
  • Funds are FDIC-insured up to $250,000
  • Account renews automatically at maturity*
  • Early withdrawal is subject to a penalty

*There is a 10-day grace period for reinvestment renewal options

Business CDARS

If you want to keep a balance above the standard $250,000 for FDIC insurance, the Certificate of Deposit Account Registry Service can offer CD accounts that provide FDIC insurance to accounts up to $50 million. You’ll receive a competitive CD rate that is higher than the standard saving account rate and your account is still managed through your local F & M Community Bank office. Visit the CDARS website to learn more.

Learn More About CDARS

Business ICS

If your business is able to keep a balance of more than the standard $250,000 that is insured by the FDIC, The Insured Cash Sweep (ICS) service is a great option to make sure all the funds in your account are insured. ICS offers options to provide FDIC insurance up to $160,000,000 and keep your funds liquid. The best part? You receive competitive savings account rates on your account balance, and everything is still managed at your local  F & M Community Bank office. To learn more, visit the ICS website.

Learn More About ICS

Open Your Business Savings Accounts

If you know which savings account is the right choice for your farm or business, contact F & M Community Bank to speak with our business banking team.

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