Bank · FDIC insured
Farmers & Merchants State Bank Savings Rates
Farmers & Merchants State Bank’s best savings rate is 0.16% APY on $10,000, with its Money Market. Rates checked October 16, 2026.
How Farmers & Merchants State Bank’s savings rates compare
Compared with banks and credit unions near Watertown, WI, where Farmers & Merchants State Bank has the most branches. $10,000, best rate first.
This bank’s best
Farmers & Merchants State Bank
0.16%APY
- Requires
- None
- Minimum
- $2,500
- Earns on $10,000 a year
- $16
Money Market
Top rate
Fort Community Credit Union
3.66%APY
- Requires
- None
- Minimum
- —
- Earns on $10,000 a year
- $366
2nd-highest rate
Associated Bank
3.20%APY
- Requires
- Another account
- Minimum
- $1,000
- Earns on $10,000 a year
- $320
Farmers & Merchants State Bank savings score
70
Savings score
Higher than 26% of U.S. banks and credit unions
- $1,000 balance$1,0000.07%
- $10,000 balance$10,0000.16%
- $100,000 balance$100,0002.52%
- QualifiedQualified0.16%
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.
Platinum Savings
0.22%APY
Minimum to open $100,000. Balance falls below $100,000 earns 0.22% APY.
| Balance | APY | Earns on $10,000 a yearEarns | Requirement |
|---|---|---|---|
| Up to $99,999Tier 1 | 0.22% | $22 | Tier 1 |
| $100,000 and upTier 2 | 2.52% | — | Tier 2 |
Sources (2)
- fandmstbk.com/uploads/userfile…ConsumerDepositRates.pdf
- fandmstbk.com/uploads/userfile…epositRates-combined.pdf
All captured Oct 5, 2026
Premium Money Market
0.16%APY
Variable Interest Rate and APY (checking, savings, money market and trade-up CD) are subject to change after opening accounts. Rates are subject to change without notice. Fees could reduce earnings on the account. All balances below minimum may earn interest however may incur service fees. Premium Money Market account is available for customers who can maintain a balance of at least $250,000.
| Balance | APY | Earns on $10,000 a yearEarns | Requirement |
|---|---|---|---|
| Up to $249,999Tier 1. Interest compounded monthly. Variable rate subject to change after opening. | 0.16% | $16 | Tier 1. Interest compounded monthly. Variable rate subject to change after opening. |
| $250,000 and upTier 2. Interest compounded monthly. Variable rate subject to change after opening. | 2.04% | — | Tier 2. Interest compounded monthly. Variable rate subject to change after opening. |
Sources (2)
All captured Oct 16, 2026
Money Market
0.16%APY
Variable Interest Rate and APY (checking, savings, money market and trade-up CD) are subject to change after opening accounts. Rates are subject to change without notice. Fees could reduce earnings on the account. All balances below minimum may earn interest however may incur service fees.
| Balance | APY | Earns on $10,000 a yearEarns | Requirement |
|---|---|---|---|
| Up to $74,999Tier 1. Interest compounded monthly. Variable rate subject to change after opening. | 0.16% | $16 | Tier 1. Interest compounded monthly. Variable rate subject to change after opening. |
| $75,000 – $99,999Tier 2. Interest compounded monthly. Variable rate subject to change after opening. | 0.21% | — | Tier 2. Interest compounded monthly. Variable rate subject to change after opening. |
| $100,000 – $149,999Tier 3. Interest compounded monthly. Variable rate subject to change after opening. | 0.26% | — | Tier 3. Interest compounded monthly. Variable rate subject to change after opening. |
| $150,000 and upTier 4. Interest compounded monthly. Variable rate subject to change after opening. | 0.31% | — | Tier 4. Interest compounded monthly. Variable rate subject to change after opening. |
Sources (2)
All captured Oct 16, 2026
Personal Savings
0.07%APY
For customers who are at least 18 years old and want a traditional savings account featuring low minimum balance requirements. Interest paid quarterly.
| BalanceRequirement | APY | Earns on $10,000 a yearEarns | Requirement |
|---|---|---|---|
| Any balanceInterest compounded quarterly.Any balance | 0.07% | $7 | Interest compounded quarterly. |
Sources (2)
All captured Oct 5, 2026
Special-purpose accounts
Custodial Savings
0.50%APY
Uniform Transfer to Minor Account (UTMA). Only one account per custodian tax identification number. Provides a way for youth up to age 21 to earn more interest on deposits.
| Balance | APY | Earns on $10,000 a yearEarns | Requirement |
|---|---|---|---|
| Up to $500Tier 1. Interest paid quarterly. | 5.00% | — | Tier 1. Interest paid quarterly. |
| Over $500Tier 2 (> $500). Interest paid quarterly. | 0.50% | $50 | Tier 2 (> $500). Interest paid quarterly. |
Youth Savings
0.50%APY
Savers under the age of 18. Only one account per minor's tax identification number. Interest is paid quarterly.
| Balance | APY | Earns on $10,000 a yearEarns | Requirement |
|---|---|---|---|
| Up to $500Tier 1. Interest paid quarterly. | 5.00% | — | Tier 1. Interest paid quarterly. |
| Over $500Tier 2 (> $500). Interest paid quarterly. | 0.50% | $50 | Tier 2 (> $500). Interest paid quarterly. |
Holiday Savings
1.25%APY
Funds must be deposited using Direct Deposit or an automated transfer. Interest is paid on November 1st each year.
| BalanceRequirement | APY | Earns on $10,000 a yearEarns | Requirement |
|---|---|---|---|
| Any balanceInterest compounded annually, paid on November 1st.Any balance | 1.25% | $125 | Interest compounded annually, paid on November 1st. |
IRA Passbook Savings
0.07%APY
Available as Traditional IRA or Roth IRA.
| BalanceRequirement | APY | Earns on $10,000 a yearEarns | Requirement |
|---|---|---|---|
| Any balanceInterest compounded quarterly.Any balance | 0.07% | $7 | Interest compounded quarterly. |
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.