investment services


certificate of deposit
Build your financial security with Certificates of Deposit. Designed for investors who want a higher interest rate and want to invest their money for a specific period of time. Select from a variety of terms and enjoy insured savings at a fixed rate. For terms, interest rates and annual percentage yields (APY) - See Interest Rates

Interest will be credited to your account or paid to you monthly, quarterly, semi-annually, annually, at maturity or as agreed upon. The annual percentage yield (APY) assumes that interest remains on deposit until maturity. A withdrawal will reduce earnings. After the account is opened, you may not make any deposits into or withdrawals from the principal in the account until the maturity date.

penalty for early withdrawal
Maturity of less than 182 days - one month penalty of interest earned or that could have been earned.
Maturity of 182 days and over up to 1 year - 3 month penalty of interest earned or that could have been earned.
Maturity of more than 1 year - 6 month penalty of interest earned or that could have been earned.

renewal policy - If your Certificate is SINGLE MATURITY and does not automatically renew, present it PROMPLTY at maturity as no interest is payable after the maturity date.

If your certificate will AUTOMATICALLY RENEW, you will have a grace period of 10 days from maturity date to present this certificate for payment without penalty. If the certificate automatically renews, IT WILL BE RENEWED AT THE RATE IN EFFECT AT THIS INSTITUTION ON THE DATE OF MATURITY.
Method of Computation - Daily Balance*
*The Daily Balance is determined by the application of a daily periodic rate to the full amount of principal in the account each day.


individual retirement account
An IRA is a personal, tax-sheltered account into which you deposit money during your earning years to help cover your expenses during retirement. Federal law governs both the contributions and withdrawals. Choose from a variety of IRA plans:
Traditional IRA
Roth IRA
Coverdell Education IRA
Transfer and Rollover IRAs
Invest in either a Variable Rate Account or an IRA Certificate
Minimum opening balance - $100
Interest Rate and Annual Percentage Yield (APY) - See Interest Rates
Interest Computation Method - Daily Balance*
Interest will be credited and compounded - Semi-annually
Penalty for Early Withdrawal - 6 Months Interest
Statement Period - Annually

To Close or Transfer: $25 (unless Raymond James Financial Services, Inc.)
*The Daily Balance is determined by the application of a daily periodic rate to the full amount of principal in the account each day.




Farmers-Merchants National Bank Disclosures


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