Certificate of Deposit

Certificates of Deposit

First Farmers & Merchants Bank offers the most flexible approach to investing with Certificates of Deposit with a minimum of $1,000: First Farmers offers CD's from seven days to five years.


  • Depositors insured by the Federal Deposit Insurance Corporation.
  • Principal may be withdrawn before maturity with an interest penalty.
  • Interest may be paid to you by check or can be credited to your checking or savings account at First Farmers.

Certificate of Deposit Rates

Term Minimum Deposit to Earn APY Interest Rate Annual Percentage Yield
91 Day $10,000 0.05% 0.05%
182 Day $10,000 0.15% 0.15%
1 Year $10,000 0.25% 0.25%
2 Year $10,000 0.30% 0.30%
3 Year $10,000 0.35% 0.35%

Chairman's Club members receive a higher rate of interest.
*Rates effective June 3, 2014

The minimum balance to open an account and obtain the annual percentage yield is $10,000. A penalty may be imposed for early withdrawal that may reduce the earnings on the account. Annual percentage yields are accurate as of June 3, 2014.

Please contact any Customer Service Representative for all CD terms and rates.