Deposit Services

Commercial Deposit Services

Business Express Checking

  • Up to 150 items (checks, deposits, deposited items, ACH, debit) per month. 35¢ charge per item over 150.
  • Maximum of $5,000 cash deposits per month (.10% fee charged on any cash deposited over $5000.00 per month).
  • No minimum balance

BusinessValue Checking

  • Process up to 200 checks, deposits and deposited items at no charge.
  • For each additional item, a 35¢ charge will be applied.
  • Low monthly maintenance of $10.
  • Pay no maintenance fee with $3,500 minimum average monthly balance.

BusinessPremier Checking

  • Process up to 400 checks, deposits and deposited items at no charge.
  • For each additional item, a 35¢ charge will be applied.
  • Low monthly maintenance fee of $15.
  • Pay no maintenance fee with $5,000 minimum average monthly balance.

BusinessAnalysis Checking

  • For companies with greater numbers of items to process.
  • For those companies seeking additional Cash Management services.
  • Balances earn credit, offsetting monthly per item fees and service charges.

Flexible Money Market Account

A tiered rate account that earns higher rates of interest for higher daily balances greater than $2,500.

  • You may make as many as six withdrawals from your account per monthly statement cycle.
  • Your account will be assessed a $15.00 fee for each withdrawal in excess of the six allowable withdrawals per statement cycle.

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.

Features:

  • 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  • Principal may be withdrawn before maturity with an interest penalty.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 April 22, 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. Annual percentage yields are accurate as of April 22, 2014.

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