Farmers & Merchants State Bank, New York Mills, MN HOME ABOUT ACCOUNT TYPES INSURANCE SERVICES COMMUNITY RESOURCE CENTER Checking Accounts Regular Checking NOW Checking NOW Senior Citizens Checking Super NOW Checking HiFi Money Market Demand Account Minimum to Open $0 $0 (However, service charge could be assessed--see "Monthly Fees" below) $0 (However, service charge could be assessed--see "Monthly Fees" below) $2500 $2500 Minimum Balance Required No Minimum $900.00 minimum daily ledger balance or $1,500.00 average available balance $500.00 minimum daily ledger balance or $850.00 average available balance $2500 minimum daily ledger balance $2500 minimum daily ledger balance Interest Rate / APY* N/A Please call Please call Please call Please call Monthly Fees None A maintenance fee of $6.00 will be imposed every statement cycle that balance falls below listed requirements (see ""Minimum Balance Required"" above) A maintenance fee of $6.00 will be imposed every statement cycle that balance falls below listed requirements (see ""Minimum Balance Required"" above) A maintenance fee of $6.00 will be imposed every statement cycle that balance falls below listed requirements (see ""Minimum Balance Required"" above) A maintenance fee of $6.00 will be imposed every statement cycle that balance falls below listed requirements (see ""Minimum Balance Required"" above) Other Account Features Free Online Banking with Images of Checks Free E-Statements Free (no monthly fee) Debit/ATM Card Other Account Information N/A Interest is credited & compounded monthly Must be 62 years of age or older to open account Interest is credited & compounded monthly Tiered interest rate--compounded monthly. A $0.20 fee per item will be imposed after 21 items (per month). Tiered interest rate--compounded monthly. Limits on number of automatic transactions (per Federal Regulations) Complementary first 40 checks. *Annual Percentage Yield Terms of Use | Privacy Policy | Site Map | Hours, Location & ATMs | Contact Us At times, we may provide links to sites outside the control of our bank. We do not make any representations concerning the linked sites contents or availability. You should review each sites' privacy and information security policies carefully before you enter confidential information. ©2021 Copyright Farmers & Merchants State Bank, New York Mills, MN, All Rights Reserved. Marketing and Website provided by 'CorePHP' LLC .