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Certificates of Deposit

Home Personal Banking Certificates of Deposit

Help Your Money Grow Faster

Would you like to help your money grow faster with a higher interest rate while you choose the terms that work best for you? A Certificate of Deposit (CD) allows you to take advantage of higher interest rates than you’ll see on a standard savings account, allowing you to maximize your earning potential. The best part about opening a CD at F & M Community Bank? You set the terms. We offer terms anywhere between three months and five years.

Our CDs – What You Should Know

Here’s what you need to know about the CDs we offer:

  • $1,000 minimum deposit to open
  • Fixed interest rate (better rates for longer terms)
  • Interest is accrued daily, and is compounded or paid quarterly
  • No setup or maintenance fees
  • Your funds are FDIC-insured up to $250,000
  • Account renews automatically at maturity*
  • Early withdrawal is subject to penalty

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

CDARS – Insure Your Funds on Larger Balances

If you want to maintain a larger balance in your CD, you can still have your funds fully insured through the Certificate of Deposit Account Registry Service®. CDARS can offer FDIC coverage up to $50 million and offer rates comparable to F & M Community Bank CD rates. Our staff manages everything for you, so you’re still working with our local team. If you’d like to learn more, please visit the CDARS website.

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