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The Farmers and Merchants Bank has made planning ahead easier with Christmas and Vacation Club accounts. These special savings programs are designed to help you save for yearly expenses while allowing you to control how much you deposit and when.
Tired of credit card bills piling up after the holidays?
Christmas club accounts can be opened for $20.00. Account holders can deposit any dollar amount on whatever schedule they desire. There are no weekly restraints. However, a penalty will be imposed for early withdrawal. Interest is compounded daily. In October, a check including interest is mailed to the account holder.
Have you always dreamed of taking a special vacation? Start a vacation club account now and you can fulfill that dream sooner than you think.
A vacation club account can be opened for as little as $20.00. Account holders can deposit money on whatever schedule they desire or their budget allows. However, a penalty will be imposed for early withdrawal. Interest is compounded daily. Each year in mid May, a check including interest is mailed to the account holder.