Deposit Services

F & M Trust & Financial Management

Private Banking Deposit Accounts

Private Banking Checking

The Private Banking Checking account at First Farmers is designed to meet the checking needs of qualified customers with features such as:

  • Higher rates on Certificates of Deposit.
  • Discounts on safe deposit boxes.
  • No fee for cashier’s checks.
  • Free notary services.
  • Free Impact Visa Debit Card.
  • No annual fee for Visa or MasterCard.

Private Banking Checking Account Fees

Account requires an opening balance of $500.00. No maintenance fee if a daily balance of $1,000.00 is maintained; $15.00 fee per month if daily balance falls below $1,000.00.

Interest on Private Banking Checking Account

Interest accrued daily and credited monthly. Rate paid on tier balances. Call us about our current tiered interest rates.

Private Banking Money Market

The Private Banking Money Market account at First Farmers offers higher tiered interest rates than a traditional savings account.

Private Banking Money Market Account Fees

Account requires an opening balance of $1,000.00. No maintenance fee if a daily balance of $1,000.00 is maintained; $10.00 fee per month if daily balance falls below $1,000.00.

Private Banking Money Market Transaction Limitations

Transactions are limited as follows:

  • You may make as many as six (6) withdrawals from your account per monthly statement cycle.
  • Activity fee for exceeding withdrawal/transfer limit:
    $15.00 per excess transaction. It is a regulatory requirement that accounts be closed for repeated violations of excessive withdrawal limitations. See account disclosure for more details.

Interest on Private Banking Money Market Account

Interest accrued daily and credited monthly. Rate paid on tier balances. Call us about our current tiered interest rates.