Step Up Savings System

If you're looking for a traditional savings account, F&M has a bonus in store for you: your interest rates "step up" automatically through six levels as your balance grows.

• Interest accrues on the daily ledger balance and is credited monthly.
• You may access your Step-Up Savings System account with your F&M automatic teller card.
• The bank provides you with personalized deposit and withdrawal tickets.
• You may authorize automatic deposits from your F&M checking account into your Step-Up Savings System account.
• No monthly maintenance fee with a minimum daily balance of $125 or more.
• No monthly maintenance fee for minors, full-time students through age 22, and persons age 62 and older.

Step-Up Savings Fees
Interest accrues on the daily balance and is credited monthly. Interest rates increase automatically as balance grows.

(Maintenance & activity fees waived for children thru 18, full-time students thru age 22 and persons age 62 and older).

• Interest rate subject to change without notice.
• Call us about our tiered interest rates.

Transaction Limitations
Transactions are limited as follows:

• Teller transfers/withdrawals are limited to four (4) per month.
• Transfers/withdrawals to another account or preauthorized, automatic or telephone transfers/withdrawals are limited to three (3) per month and one (1) ATM transfer/withdrawal, or any combination of the above, not to exceed three (3) preauthorized, automatic or telephone transfers/withdrawals per month.
• Activity fee for exceeding withdrawal/transfer limit:
  $15.00 per excess transaction. It is a regulatory requirement that accounts be closed for repeated violations of excessive withdrawal limitations. See account disclosure for more details.