- Community Reinvestment
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To contact F&M Bank
121 W. Pine Street
Lodi, CA 95240
1 (800) 888-1498
Sky Blue Checking
The sky is the limit with Sky Blue Checking. Open this account online, and earn up to 0.40% Annual Percentage Yield* (APY) on your balance.
See important Account Disclosure Information below.*
Minimum Opening Deposit
Monthly Service Charge
- No Monthly Service Charge1
- No Minimum Balance Requirements
- Open Online in four Easy Steps: Now that's Easy!
- No Limit on Check Writing and No Per Check Charge!2
- F&M Bank VISA® Money Card or ATM Card is Available Upon Request3
- Pays Interest4
Sky Blue Checking. This account can only be opened online through the F&M Bank web site. Sky Blue Checking cannot be opened in a branch. After the account is open, customers may bank in any of our branch locations at no additional cost. This account has a $50 minimum balance to open, no monthly service charge, and pays interest. Personal accounts only, limit one account per household.
Visit any of our convenient locations or call us at (800) 888-1498, M-F 8am-6pm PST. Either way, one of our friendly and knowledgeable Customer Service Representatives will be happy to assist you.
*Account Disclosure Information
1 No Monthly Service Charge refers to a recurring monthly account service charge or account maintenance fee; other fees and charges may apply, such as a $1.50 monthly Point of Sale (POS) fee per statement cycle, if used.
2 Customer purchases checks.
3 Other fees apply for example: monthly Point of Sale (POS) charge and use of non-F&M Bank ATMs.
4 Rates and APY effective as of 8/21/14. This is a variable rate account, your interest rate and APY may change at any time, without prior notice. The rate is set by the Bank and the calculation used is FDIC Tiering Method B. (Under this method, an institution pays the stated interest rate only on that portion of the balance within the specified tier.) An interest rate of 0.15% will be paid only for that portion of your daily balance that is greater than $0.00 but less than $5,000.00. The annual percentage yield for this tier is 0.15%. An interest rate of 0.43% will be paid only for that portion of your daily balance that is greater than or equal to $5,000.00 but less than $50,000.00. The annual percentage yield for this tier will range from 0.15% to 0.40%, depending on the balance in the account. An interest rate of 0.05% will be paid only for that portion of your daily balance that is greater than or equal to $50,000.00. The annual percentage yield for this tier will range from 0.40% to 0.07%, depending on the balance in the account (the Bank assumes a maximum amount of $1,000,000.00 for the purposes of computing the annual percentage yield for the high end of the third tier).
Balance Computation Method: We use the daily balance method (365/365; 366/366) to calculate the interest in your account. This method applies a daily periodic rate to the principal in the account each day. Accrual of Interest: The accrual begins no later than the business day we receive credit for the deposit of non-cash items (for example, checks). Interest compounds monthly and is credited to your account on the monthly statement cycle date. If the account is closed before interest is credited, you will not receive the accrued interest for that period.
For terms and conditions, account information, and a list of fees and charges that may apply, please refer to our Customer Agreement & Schedule of Charges, Books I & II which you received at account opening.
This information is effective 8/21/14 and subject to change anytime without notice.