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Personal Savings Accounts

Savings accounts are great...

for setting aside cash for big purchases or rainy days. At Merchants & Farmers Bank, we’re all about helping you make the most of your money. Whatever stage you find yourself in life, we have the savings account for you.
 
Benefits
  • $50 opening minimum balance
  • Automatic Transfer Capability
  • No more than six (6) withdrawals or transfers to another account of yours or to a third party by means of a preauthorized or automatic transfer or telephone order or instruction, computer transfer, or by check, draft, debit card or similar order to a third party
  • Statements printed/Interest compounded quarterly
  • Direct Deposit capability
  • No service charge if balance is $50 or above every day of month ($1.00 charge if balance falls below $50)
  • One monthly debit without a fee - $2.00 fee per debit afterwards
  • Online Banking
  • e-Statements (must be registered for Online Banking)
  • Mobile Banking (must be registered for Online Banking)
  • Telephone Banking
Benefits
  • Account available for children up to and including age 18
  • No minimum balance required
  • No service charge
  • $1 Minimum Opening Balance
  • One monthly debit without a fee - $2.00 fee per debit afterwards
  • Statements printed/Interest compounded quarterly
  • No more than six (6) withdrawals or transfers to another account of yours or to a third party by means of a preauthorized or automatic transfer or telephone order or instruction, computer transfer, or by check, draft, debit card or similar order to a third party
Benefits
  • $5.00 opening minimum balance
  • $10.00 fee per debit for early withdrawal.
  • $5.00 Service Charge for balances less than $50.00
  • Weekly or monthly deposits
  • Interest compounded annually - October
  • Automatic Transfers capability
  • Direct Deposit capability
  • Payout in October - Time for Christmas
  • Auto-Deposit into checking or savings account