Bank · FDIC insured
Farmers & Merchants State Bank Savings Rates
Farmers & Merchants State Bank’s best savings rate is 0.65% APY on $10,000, with its F&M Money Market. Rates checked October 16, 2026.
How Farmers & Merchants State Bank’s savings 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
0.65%APY
- Minimum
- $50
- Earns on $10,000 a year
- $65
F&M Money Market
Top rate
UMB Bank
3.71%APY
- Minimum
- —
- Earns on $10,000 a year
- $371
2nd-highest rate
Iowa Trust
3.70%APY
- Minimum
- $100
- Earns on $10,000 a year
- $370
Farmers & Merchants State Bank savings score
81
Savings score
Higher than 57% of U.S. banks and credit unions
- $1,000 balance$1,0000.35%
- $10,000 balance$10,0000.65%
- $100,000 balance$100,0001.15%
- QualifiedQualified0.65%
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 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.
F&M Money Market
0.65%APY
| Balance | APY | Earns on $10,000 a yearEarns | Requirement |
|---|---|---|---|
| Up to $5,000The minimum balance required to obtain the APY is $0.01. | 0.35% | — | The minimum balance required to obtain the APY is $0.01. |
| $5,000 – $25,000 | 0.65% | $65 | |
| $25,000 – $100,000 | 1.00% | — | |
| $100,000 – $250,000 | 1.15% | — | |
| $250,000 – $1,000,000 | 1.25% | — | |
| $1,000,000 and up | 2.20% | — |
Sources (1)
- fmstate.bank/rates/savings · captured Sep 18, 2026
F&M Savings
0.40%APY
Interest rate and APY current as of 12/11/2025. Compounded daily, credited monthly. $5.00 monthly maintenance fee if balance falls below $100.00 any day of statement cycle. $50 opening deposit. Minimum balance to obtain APY is $0.01.
| Balance | APY | Earns on $10,000 a yearEarns | Requirement |
|---|---|---|---|
| Up to $2,500Under $2,500 balance tier. $5.00 maintenance fee waived if balance stays at or above $100.00 every day of statement cycle. | 0.30% | — | Under $2,500 balance tier. $5.00 maintenance fee waived if balance stays at or above $100.00 every day of statement cycle. |
| $2,500 – $5,000$2,500-$4,999.99 balance tier. $5.00 maintenance fee waived if balance stays at or above $100.00 every day of statement cycle. | 0.35% | — | $2,500-$4,999.99 balance tier. $5.00 maintenance fee waived if balance stays at or above $100.00 every day of statement cycle. |
| $5,000 – $25,000$5,000-$24,999.99 balance tier. $5.00 maintenance fee waived if balance stays at or above $100.00 every day of statement cycle. | 0.40% | $40 | $5,000-$24,999.99 balance tier. $5.00 maintenance fee waived if balance stays at or above $100.00 every day of statement cycle. |
| $25,000 and up$25,000+ balance tier. $5.00 maintenance fee waived if balance stays at or above $100.00 every day of statement cycle. | 0.45% | — | $25,000+ balance tier. $5.00 maintenance fee waived if balance stays at or above $100.00 every day of statement cycle. |
Sources (2)
All captured Sep 18, 2026
Special-purpose accounts
IRA Savings
3.00%APY · 1 term
Traditional/Roth IRA. 60-month term. Minimum deposit $1,000.
| Term | APY | Earns on $10,000Earns |
|---|---|---|
| 60 monthsTraditional IRA. Penalty may be imposed for early withdrawal | 3.00% | $1,593 |
Sources (1)
- fmstate.bank/rates/individual-retirement-accounts · captured Sep 18, 2026
F&M Junior Savings
0.65%APY
Must be age 18 years or younger. Kids age 12 years or younger are automatically enrolled in Money Tree Club. Interest rate and APY current as of 12/11/2025. $10 opening deposit. Minimum balance to obtain APY is $0.01.
| BalanceRequirement | APY | Earns on $10,000 a yearEarns | Requirement |
|---|---|---|---|
| Over $0Applies to all balances. Must be age 18 or younger.Over $0 | 0.65% | $65 | Applies to all balances. Must be age 18 or younger. |
Sources (2)
All 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.