IRA rates of Farmers and Merchants Bank

The IRA rates offered by Farmers and Merchants Bank are above average and very competitive. Minimum opening deposit required is $250.00. Interest is compounded quarterly if term is greater than 182 days. If term is 128 days or less, interest is not compounded.

There are four IRA rates offered:

  • 12 months at 2.12%APY
  • 18 months at 2.73%APY
  • 30 months at 2.83%APY and
  • 36 months at 3.03%APY

Farmers and Merchants Bank of Georgia is FDIC insured and has a 4 star rating from Bankrate.com.

Update May 3, 2010: Current IRA rates of Farmers and Merchants Bank are as follows:

Note that below IRA rates are effective 7/15/09 according to the bank’s rate sheet. Interested individuals should call or visit the bank for current IRA rates.

  • 12 months at 1.92%APY
  • 18 months at 2.73%APY
  • 30 months at 2.83%APY and
  • 36 months at 3.03%APY

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