Certificates of Deposit

First Farmers & Merchants Bank offers the most flexible approach to investing with Certificates of Deposit with a minimum of $1,000: F&M offers CD's from seven days to five years.

Features:

• Depositors insured by the Federal Deposit Insurance Corporation.
• Principal may be withdrawn before maturity with an interest penalty.
• Interest may be paid to you by check or can be credited to your F&M checking or savings account.

Certificate of Deposit Rates

Chairman's Club members receive a higher rate of interest.
*Rates effective May 6, 2008

The minimum balance to open an account and obtain the annual percentage yield is $10,000. A penalty may be imposed for early withdrawal. Annual percentage yields are accurate as of May 6, 2008.

Please contact any Customer Service Representative for all CD terms and rates.