Bank · FDIC insured
Farmers & Merchants Bank Savings Rates
Farmers & Merchants Bank’s best savings rate is 0.03% APY on $10,000, with its Simply Savings. Rates checked October 15, 2026.
How Farmers & Merchants Bank’s savings rates compare
Compared with banks and credit unions near Fort Wayne, IN, where Farmers & Merchants Bank has the most branches. $10,000, best rate first.
This bank’s best
Farmers & Merchants Bank
0.03%APY
- Minimum
- $50
- Earns on $10,000 a year
- $3
Simply Savings
Top rate
GreenWay Bank
4.25%APY
- Minimum
- $5,000
- Earns on $10,000 a year
- $425
2nd-highest rate
Flagstar Bank
4.00%APY
- Minimum
- $1
- Earns on $10,000 a year
- $400
Farmers & Merchants Bank savings score
60
Savings score
Higher than 1% of U.S. banks and credit unions
- $1,000 balance$1,0000.03%
- $10,000 balance$10,0000.03%
- $100,000 balance$100,0000.03%
- QualifiedQualified0.03%
Each track runs from the lowest to the highest rate among U.S. banks and credit unions; the dot is this rate.Qualified: needs another account or monthly activity.
Where Farmers & Merchants Bank ranks
By savings score, in each area where it has branches
Every rate
Current savings rates
Rates from the bank’s website. Earnings assume the rate doesn’t change.
Simply Savings
0.03%APY
$50.00 minimum balance to avoid fee ($5.00 monthly fee per rate table footnote, quarterly maintenance fee of $5.00 per account details). Interest compounded and credited quarterly.
| BalanceRequirement | APY | Earns on $10,000 a yearEarns | Requirement |
|---|---|---|---|
| $50 and up$5.00 monthly fee if minimum balance falls below $50.00 at any point during the month; p21 notes $50.00 minimum balance to avoid a quarterly maintenance fee of $5.00.$50 and up | 0.03% | $3 | $5.00 monthly fee if minimum balance falls below $50.00 at any point during the month; p21 notes $50.00 minimum balance to avoid a quarterly maintenance fee of $5.00. |
Sources (3)
- fmfbank.com/deposit-accounts/cds-and-iras
- fmfbank.com/deposit-accounts/deposit-rates
- fmfbank.com/deposit-accounts/personal-savings
All captured Oct 5, 2026
Special-purpose accounts
Christmas Club
0.03%APY
$1.00 minimum daily balance to avoid fee. Disbursements made at end of club period (November 1st of each year). No withdrawals permitted before end of club period. Account does not renew automatically at maturity.
| BalanceRequirement | APY | Earns on $10,000 a yearEarns | Requirement |
|---|---|---|---|
| $1 and up$1.00 minimum daily balance to avoid fee. APY assumes interest remains on deposit until maturity. No withdrawals permitted before November 1st maturity date. If account is closed before interest is credited, accrued interest is forfeited.$1 and up | 0.03% | $3 | $1.00 minimum daily balance to avoid fee. APY assumes interest remains on deposit until maturity. No withdrawals permitted before November 1st maturity date. If account is closed before interest is credited, accrued interest is forfeited. |
Sources (3)
- fmfbank.com/deposit-accounts/cds-and-iras
- fmfbank.com/deposit-accounts/deposit-rates
- fmfbank.com/deposit-accounts/personal-savings
All captured Oct 5, 2026
Tax Time
0.03%APY
$5.00 minimum daily balance to avoid fee. Disbursements made at end of club periods (May 1st and November 1st of each year). No withdrawals permitted before end of club period. Account renews automatically at maturity.
| BalanceRequirement | APY | Earns on $10,000 a yearEarns | Requirement |
|---|---|---|---|
| $5 and up$5.00 minimum daily balance to avoid fee. APY assumes interest remains on deposit until maturity. No withdrawals permitted before club period maturity dates (May 1st and November 1st). If account is closed before interest is credited, accrued interest is forfeited.$5 and up | 0.03% | $3 | $5.00 minimum daily balance to avoid fee. APY assumes interest remains on deposit until maturity. No withdrawals permitted before club period maturity dates (May 1st and November 1st). If account is closed before interest is credited, accrued interest is forfeited. |
Sources (2)
All captured Oct 5, 2026
Opening an account
Confirm the bank’s opening requirements and whether the account is available where you live. A nearby branch does not establish eligibility for every rate.