Merchants and Farmers Bank Savings Accounts are a great investment alternative for your savings needs.

Passbook Savings
This account requires $100.00 to open. We furnish you with a convenient book to record your deposits and withdrawals. Interest is compounded semi-annually and is credited to your account semi-annually. You will be charged a $2.00 service charge for each withdrawal over one per month.

Non-Passbook Savings
This account requires $100.00 to open and usually pays a little more interest than our Passbook Savings. We furnish you with a transaction register for you to record your deposits and withdrawals. Interest is compounded quarterly and is credited to your account quarterly. You will be charged a $2.00 service charge for each withdrawal over one per month. Statements are mailed quarterly on this account.

Christmas Savings
You must deposit $10.00 to open this account. Interest is compounded annually and is credited to the account annually. At the end of the club account period on November 15, the funds in the account will be mailed to you. There is a $10.00 service charge for any withdrawal on this account.

Certificate of Deposits
These accounts are available in terms of seven days up to five years. You must deposit $1,000.00 to open these accounts. You may have the interest credited back to the account, a check mailed to you or deposited in an account that you designate.

Individual Retirement Accounts
Whether you are looking for a traditional, ROTH or Coverdale Saving Account (Educational IRA), Merchants and Farmers Bank has a retirement plan for you. You must deposit $100.00 to open these accounts. We offer fixed and variable rates on these accounts in terms of ninety days up to three years.