Bank · FDIC insured
Farmers & Merchants State Bank CD Rates
Farmers & Merchants State Bank’s best CD rate is 4.50% APY on a 2-year CD. Terms run from 6 months to 5 years. Rates checked October 16, 2026.
How Farmers & Merchants State Bank’s CD rates compare
Compared with banks and credit unions near Des Moines, IA, where Farmers & Merchants State Bank has the most branches. $10,000, best rate first.
This bank’s best
Farmers & Merchants State Bank
4.50%APY
- Term
- 24 months
- Requires
- None
- Minimum
- $1,000
- Earns on $10,000
- $920
24 Month CD
Top rate
Nicolet National Bank
4.75%APY
- Term
- 60 months
- Requires
- None
- Minimum
- $2,500
- Earns on $10,000
- $2,612
2nd-highest rate
Union State Bank
4.61%APY
- Term
- 27 months
- Requires
- Another account
- Minimum
- —
- Earns on $10,000
- $1,067
Farmers & Merchants State Bank CD score
93
CD score
Higher than 95% of U.S. banks and credit unions
- 3–8 months3–8 mo3.79%
- 9–15 months9–15 mo3.65%
- 16–30 months16–30 mo4.50%
- 31–60 months31–60 mo4.50%
- QualifiedQualified4.50%
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 State Bank ranks
By CD score, in each area where it has branches
Every rate
Current CD rates
Rates from the bank’s website. Earnings assume the rate doesn’t change.
24 Month CD
4.50%APY · 1 term
A penalty may be imposed for early withdrawal. Fees could reduce the earnings on the account.
| Term | APY · $1,000 and up | APY · $10,000 and up | APY · $100,000 and up | APY | Earns on $10,000Earns |
|---|---|---|---|---|---|
| 24 months | 4.50% | 4.50% | 4.50% | 4.50%4.50% from $10k4.50% from $100k | $920 |
Sources (2)
All captured Sep 18, 2026
36 Month CD
Up to 4.50%APY · 1 term
A penalty may be imposed for early withdrawal. Fees could reduce the earnings on the account.
| Term | APY · $1,000 and up | APY · $10,000 and up | APY · $100,000 and up | APY | Earns on $10,000Earns |
|---|---|---|---|---|---|
| 36 months | 4.00% | 4.50% | 4.50% | 4.00%4.50% from $10k4.50% from $100k | $1,249 |
Sources (2)
All captured Sep 18, 2026
48 Month CD
Up to 4.50%APY · 1 term
A penalty may be imposed for early withdrawal. Fees could reduce the earnings on the account.
| Term | APY · $1,000 and up | APY · $10,000 and up | APY · $100,000 and up | APY | Earns on $10,000Earns |
|---|---|---|---|---|---|
| 48 months | 4.00% | 4.50% | 4.50% | 4.00%4.50% from $10k4.50% from $100k | $1,699 |
Sources (2)
All captured Sep 18, 2026
60 Month CD
Up to 4.50%APY · 1 term
A penalty may be imposed for early withdrawal. Fees could reduce the earnings on the account.
| Term | APY · $1,000 and up | APY · $10,000 and up | APY · $100,000 and up | APY | Earns on $10,000Earns |
|---|---|---|---|---|---|
| 60 months | 4.00% | 4.50% | 4.50% | 4.00%4.50% from $10k4.50% from $100k | $2,167 |
Sources (2)
All captured Sep 18, 2026
18 Month CD
Up to 3.76%APY · 1 term
A penalty may be imposed for early withdrawal. Fees could reduce the earnings on the account.
| Term | APY · $1,000 and up | APY · $10,000 and up | APY · $100,000 and up | APY | Earns on $10,000Earns |
|---|---|---|---|---|---|
| 18 months | 3.56% | 3.76% | 4.06% | 3.56%3.76% from $10k4.06% from $100k | $539 |
Sources (2)
All captured Sep 18, 2026
12 Month CD
Up to 3.65%APY · 1 term
A penalty may be imposed for early withdrawal. Fees could reduce the earnings on the account.
| Term | APY · $1,000 and up | APY · $10,000 and up | APY · $100,000 and up | APY | Earns on $10,000Earns |
|---|---|---|---|---|---|
| 12 months | 3.50% | 3.65% | 3.95% | 3.50%3.65% from $10k3.95% from $100k | $350 |
Sources (2)
All captured Sep 18, 2026
6 Month CD
Up to 3.79%APY · 1 term
A penalty may be imposed for early withdrawal. Fees could reduce the earnings on the account.
| Term | APY · $1,000 and up | APY · $10,000 and up | APY · $100,000 and up | APY | Earns on $10,000Earns |
|---|---|---|---|---|---|
| 6 months | 3.68% | 3.79% | 3.89% | 3.68%3.79% from $10k3.89% from $100k | $182 |
Sources (2)
All captured Sep 18, 2026
Special-purpose accounts
60 Month Roth IRA
3.00%APY · 1 term
A penalty may be imposed for early withdrawal. Fees could reduce the earnings on the account.
| Term | APY | Earns on $10,000Earns |
|---|---|---|
| 60 months | 3.00% | $1,593 |
Sources (1)
- fmstate.bank/rates/individual-retirement-accounts · captured Sep 18, 2026
60 Month Traditional IRA
3.00%APY · 1 term
A penalty may be imposed for early withdrawal. Fees could reduce the earnings on the account.
| Term | APY | Earns on $10,000Earns |
|---|---|---|
| 60 months | 3.00% | $1,593 |
Sources (1)
- fmstate.bank/rates/individual-retirement-accounts · captured Sep 18, 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.