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Consumer Banking Products

Checking Accounts

Free-N-Easy Checking
Open a Free-N-Easy Checking account today and enjoy features such as no minimum balance, no service fee, and no per withdrawal item charges. Safekeeping of checks for your convenience.*

Classic Checking Account
With a minimum required balance of $300 your account will remain free of monthly charges. Maintenance and per check charges apply if the account balance falls below $300.*


Banclub Checking Account
Our Banclub Checking Account offers benefits including no minimum balance. The monthly fee is determined by the amount of insurance the accountholder chooses. This account has many benefits that our customer service representatives would be glad to discuss with you.*


NOW Checking Account
With a minimum required balance of $800 your account will remain free of monthly charges. Best of all this account is interest bearing. There is an $8.00 service charge if the account balance falls below $800. *


For Checking Account Holders who are Age 55 and Older

Senior Citizens Classic Checking Account
Our Senior Citizen Classic Checking Account has no minimum balance, no service fee, no per withdrawal item charges.  Ask your customer representative for additional information.


Other Checking Account Features:
  • Ready Reserve is available to qualified applicants on all of our checking accounts.

  • Debit cards are also available for your convenience.

Savings Accounts

Classic Savings
Enjoy no minimum required balance and unlimited transactions.  Interest is compounded quarterly and statements are distributed semi-annually.*


Money Market Savings
Our Money Market Savings Account is a tiered savings plan with a varying interest rate based on your account balance.  Interest is compounded quarterly and statements are distributed quarterly.  Transactions are limited.*


Certificates of Deposit

Farmers & Merchants State Bank offers a variety of terms to compliment our Certificate of Deposit rates. Many terms with competitive rates are available. *

 

* Accounts not meeting the minimum balance requirement are subject to monthly service charges and/or per check fees. Other restrictions apply.  Please contact a customer service representative for complete account details and disclosures.


Individual Retirement Accounts

Open a Traditional or ROTH IRA with the security of a separate FDIC insured account. Our rates are competitive and our customer service representatives can assist you with your retirement account needs.

 

Consumer Loans

Farmers & Merchants State Bank offers a full line of consumer credit.  We offer loans for the purchase of new or used vehicles, recreational vehicles, home improvements, personal expenses, and debt consolidation, to name a few.

 

Farmers & Merchants State Bank is also willing to assist in the financing of your real estate mortgage.  We offer home construction loans and loans for the purchase of your primary or vacation home.  We service the real estate loans we originate, so your money stays local.

 

Farmers & Merchants State Bank - Main Office
80 Main Street
P. O. Box 308
Pierz, Minnesota 56364
Phone: 320-468-6422
Fax: 320-468-6427
customerservice@fmpierz.com

24 Hour Telephone Banking
Pierz Local: 320-468-6779
Toll Free: 1-866-273-7260
Farmers & Merchants State Bank - Sauk Rapids Office
1301 Second Street North
P.O. Box 567
Sauk Rapids, Minnesota 56379
Phone: 320-252-5121
Fax: 320-252-5327

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