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* NEW AND EXISTING BANK CUSTOMERS: To receive the advertised Annual Percentage Yield (APY) open a New CD or New IRA with New Money (funds not currently on deposit with F&M Bank). $1,000 minimum opening deposit. APY assumes interest does not remain on deposit: 1) CD interest will be paid monthly, quarterly or at maturity; 2) IRA interest will be paid at maturity. Upon maturity, the six (6) month IRA will automatically renew as a twelve (12) month IRA at the then current rate/APY. Early withdrawal penalties may apply and reduce earnings on CDs and IRAs. Additionally, an IRA plan closing fee may apply. APY is accurate as of 3-20-08 and subject to change anytime without notice. |
