MonitorBankRates
☰
  1. Home›
  2. Banks›
  3. Farmers & Merchants State Bank
iAdvertiser Disclosure
Advertiser Disclosure Some institutions listed may have a business relationship with MonitorBankRates. Our proprietary systems independently track and verify all rates. Advertiser relationships do not influence our Safety Ratings, Star Ratings, Texas Ratio calculations, or the rates shown.

Farmers & Merchants State Bank Rates & Review November 2026

Content reviewed by
Brian McKay Brian McKay
Brian McKay

Brian McKay

Founder & Data Architect
Expertise
  • Automated Online Rate Data Aggregation
  • Location-Based Rate Tables
  • Bank & Credit Union Health Safety Ratings
  • Bank & Credit Union Star Ratings
  • Finance Calculators
Brian is the Founder of MonitorBankRates.com. For over 18 years, he has utilized his background in enterprise infrastructure to engineer proprietary systems that track rates from over 8,000 financial institutions.
Read Full Bio →
| iEditorial Disclosure
Editorial Disclosure The rates displayed are actual, verified rates sourced directly from the official websites of banks and credit unions. Our editorial content is independent of any advertiser relationships.
| ✓Fact Checked | Rates Last Updated and Verified: November 7, 2026

Farmers & Merchants State Bank's 25-Month - 10% New Money CD rates are at 4.50%, 36-Month - 10% New Money CD rates are at 4.50%, 20-Month - 10% New Money CD rates are at 4.40%, 25-Month CD rates are at 4.40%, 36-Month CD rates are at 4.40%. Farmers & Merchants State Bank's savings rates are at 2.52%. Farmers & Merchants State Bank's money market rates are at 4.00%. Farmers & Merchants State Bank's checking rates are as high as 4.25%. Farmers & Merchants State Bank's top CD rate of 4.50% APY on a 25 month CD is 54% higher than the MonitorBankRates national average of 2.93% APY for that term, and it has an A+ health rating. MonitorBankRates evaluates the financial stability of Farmers & Merchants State Bank with a 5.0 Star Rating, an A+ Overall Health Grade, and a Texas Ratio of 0.00%. Rates last updated and verified on 11/07/2026.

Farmers & Merchants State Bank money market rates, and other rates, are continually updated to reflect market conditions. We recommend checking back frequently to get the best money market rates and other rates available. Have you opened an account or have any experiences at Farmers & Merchants State Bank? Share your experience about Farmers & Merchants State Bank by leaving a review below, or read customer reviews before you decide to use Farmers & Merchants State Bank.

MonitorBankRates Verified Healthy Badge 2026 Verified Healthy 2026 Use This Badge on Your Bank Website
Overall Health & Safety Grade ?
A+
Exceptional Health Score: 100/100
MonitorBankRates Rating ?
5.0
Exceptional Out of 5.0 Stars
Texas Ratio ?
0.00%
Perfect Lower than avg
Health Trend ?
Improving 12 quarters
Full history ›
Farmers & Merchants State Bank
210 W Madison St
Waterloo, WI 53594
https://www.FandMStBk.com
MemberFDIC
Customer Reviews
Be the first to review
Write a Review
Financial health data as of Q2 2026 (FDIC call report for the quarter ended June 30, 2026). This is the most recent call report available. The FDIC publishes bank call reports about eight weeks after each quarter ends.

Farmers & Merchants State Bank CD Rates

Product Rate APY Term Min. Deposit View More
25-Month - 10% New Money CD 4.50% 4.50% 25 months $500
Min Deposit $500
Min Balance $500
Details 10 for 10 SPECIALS Certificates Only (No IRA or HSA); 10% of the total CD amount must be funds from another financial institution; Compounding: Annually
Last Updated 11/07/2026
Rate History
No change since Oct 23, 2026 · 4.50% APY · checked 4 times
4.00%4.50%5.00%Oct 23, 2026: 4.50% APYOct 23, 2026Nov 9, 2026
Institution Ratings
5.0
Star Rating
A+
Health Grade
◈ Texas Ratio: 0.00%
36-Month - 10% New Money CD 4.50% 4.50% 36 months $500
Min Deposit $500
Min Balance $500
Details 10 for 10 SPECIALS Certificates Only (No IRA or HSA); 10% of the total CD amount must be funds from another financial institution; Compounding: Annually
Last Updated 11/07/2026
Rate History
No change since Oct 23, 2026 · 4.50% APY · checked 4 times
4.00%4.50%5.00%Oct 23, 2026: 4.50% APYOct 23, 2026Nov 9, 2026
Institution Ratings
5.0
Star Rating
A+
Health Grade
◈ Texas Ratio: 0.00%
20-Month - 10% New Money CD 4.39% 4.40% 20 months $500
Min Deposit $500
Min Balance $500
Details 10 for 10 SPECIALS Certificates Only (No IRA or HSA); 10% of the total CD amount must be funds from another financial institution; Compounding: Annually
Last Updated 11/07/2026
Rate History
No change since Oct 23, 2026 · 4.40% APY · checked 4 times
3.90%4.40%4.90%Oct 23, 2026: 4.40% APYOct 23, 2026Nov 9, 2026
Institution Ratings
5.0
Star Rating
A+
Health Grade
◈ Texas Ratio: 0.00%
25-Month CD 4.40% 4.40% 25 months $500
Min Deposit $500
Min Balance $500
Details 10 for 10 SPECIALS Certificates Only (No IRA or HSA); Compounding: Annually
Last Updated 11/07/2026
Rate History
No change since Oct 12, 2026 · 4.40% APY · checked 5 times
3.90%4.40%4.90%Oct 12, 2026: 4.40% APYOct 12, 2026Nov 9, 2026
Institution Ratings
5.0
Star Rating
A+
Health Grade
◈ Texas Ratio: 0.00%
36-Month CD 4.40% 4.40% 36 months $500
Min Deposit $500
Min Balance $500
Details 10 for 10 SPECIALS Certificates Only (No IRA or HSA); Compounding: Annually
Last Updated 11/07/2026
Rate History
No change since Oct 12, 2026 · 4.40% APY · checked 5 times
3.90%4.40%4.90%Oct 12, 2026: 4.40% APYOct 12, 2026Nov 9, 2026
Institution Ratings
5.0
Star Rating
A+
Health Grade
◈ Texas Ratio: 0.00%
20-Month CD 4.29% 4.30% 20 months $500
Min Deposit $500
Min Balance $500
Details 10 for 10 SPECIALS Certificates Only (No IRA or HSA); Compounding: Annually
Last Updated 11/07/2026
Rate History
No change since Oct 12, 2026 · 4.30% APY · checked 5 times
3.80%4.30%4.80%Oct 12, 2026: 4.30% APYOct 12, 2026Nov 9, 2026
Institution Ratings
5.0
Star Rating
A+
Health Grade
◈ Texas Ratio: 0.00%
13-Month CD 4.04% 4.05% 13 months $500
Min Deposit $500
Min Balance $500
Details SPECIALS Certificates Only (No IRA or HSA); Compounding: Annually
Last Updated 11/07/2026
Rate History
No change since Oct 12, 2026 · 4.05% APY · checked 5 times
3.55%4.05%4.55%Oct 12, 2026: 4.05% APYOct 12, 2026Nov 9, 2026
Institution Ratings
5.0
Star Rating
A+
Health Grade
◈ Texas Ratio: 0.00%
6-Month CD 3.96% 4.00% 6 months $500
Min Deposit $500
Min Balance $500
Details SPECIALS Certificates & IRAs; Compounding: At Maturity
Last Updated 11/07/2026
Rate History
No change since Oct 12, 2026 · 4.00% APY · checked 5 times
3.50%4.00%4.50%Oct 12, 2026: 4.00% APYOct 12, 2026Nov 9, 2026
Institution Ratings
5.0
Star Rating
A+
Health Grade
◈ Texas Ratio: 0.00%
90 Day Option CD 3.80% 3.85% 90 days $500
Min Deposit $500
Details 9-Month Option CD (footnote 6): can deposit or withdraw without penalty at each 90 day anniversary; $500 minimum balance must be maintained; aggregate deposits during 9 month term may not exceed $250,000; no institutional money; Compounding: Quarterly
Last Updated 11/07/2026
Rate History
No change since Oct 4, 2026 · 3.85% APY · checked 6 times
3.35%3.85%4.35%Oct 4, 2026: 3.85% APYOct 4, 2026Nov 9, 2026
Institution Ratings
5.0
Star Rating
A+
Health Grade
◈ Texas Ratio: 0.00%
18-Month CD 3.49% 3.50% 18 months $500
Min Deposit $500
Min Balance $500
Details Certificates, IRA & HSA; Compounding: Annually
Last Updated 11/07/2026
Rate History
No change since Oct 12, 2026 · 3.50% APY · checked 5 times
3.00%3.50%4.00%Oct 12, 2026: 3.50% APYOct 12, 2026Nov 9, 2026
Institution Ratings
5.0
Star Rating
A+
Health Grade
◈ Texas Ratio: 0.00%
24-Month CD 3.25% 3.25% 24 months $500
Min Deposit $500
Min Balance $500
Details Certificates, IRA & HSA; Compounding: Annually
Last Updated 11/07/2026
Rate History
No change since Oct 12, 2026 · 3.25% APY · checked 5 times
2.75%3.25%3.75%Oct 12, 2026: 3.25% APYOct 12, 2026Nov 9, 2026
Institution Ratings
5.0
Star Rating
A+
Health Grade
◈ Texas Ratio: 0.00%
60-Month CD 3.05% 3.05% 60 months $500
Min Deposit $500
Min Balance $500
Details Certificates, IRA & HSA; Compounding: Annually
Last Updated 11/07/2026
Rate History
No change since Oct 12, 2026 · 3.05% APY · checked 5 times
2.55%3.05%3.55%Oct 12, 2026: 3.05% APYOct 12, 2026Nov 9, 2026
Institution Ratings
5.0
Star Rating
A+
Health Grade
◈ Texas Ratio: 0.00%
12-Month CD 2.75% 2.75% 12 months $500
Min Deposit $500
Min Balance $500
Details Certificates, IRA & HSA; Compounding: Annually
Last Updated 11/07/2026
Rate History
No change since Oct 12, 2026 · 2.75% APY · checked 5 times
2.25%2.75%3.25%Oct 12, 2026: 2.75% APYOct 12, 2026Nov 9, 2026
Institution Ratings
5.0
Star Rating
A+
Health Grade
◈ Texas Ratio: 0.00%

Farmers & Merchants State Bank Business CD Rates

Product Rate APY Term Min. Deposit View More
Commercial 25-Month CD 4.40% 4.40% 25 months $500
Min Deposit $500
Min Balance $500
Details Commercial deposit; SPECIALS; Compounding: Annually
Last Updated 11/07/2026
Rate History
No change since Oct 23, 2026 · 4.40% APY · checked 4 times
3.90%4.40%4.90%Oct 23, 2026: 4.40% APYOct 23, 2026Nov 9, 2026
Institution Ratings
5.0
Star Rating
A+
Health Grade
◈ Texas Ratio: 0.00%
Commercial 36-Month CD 4.40% 4.40% 36 months $500
Min Deposit $500
Min Balance $500
Details Commercial deposit; TERM CDs; Compounding: Annually
Last Updated 11/07/2026
Rate History
No change since Oct 23, 2026 · 4.40% APY · checked 4 times
3.90%4.40%4.90%Oct 23, 2026: 4.40% APYOct 23, 2026Nov 9, 2026
Institution Ratings
5.0
Star Rating
A+
Health Grade
◈ Texas Ratio: 0.00%
Commercial 6-Month CD 3.96% 4.00% 6 months $500
Min Deposit $500
Min Balance $500
Details Commercial deposit; SPECIALS; Compounding: At Maturity
Last Updated 11/07/2026
Rate History
No change since Oct 23, 2026 · 4.00% APY · checked 4 times
3.50%4.00%4.50%Oct 23, 2026: 4.00% APYOct 23, 2026Nov 9, 2026
Institution Ratings
5.0
Star Rating
A+
Health Grade
◈ Texas Ratio: 0.00%
Commercial 90 Day Option CD 3.80% 3.85% 90 days $500
Min Deposit $500
Min Balance $500
Details Commercial deposit; SPECIALS; 9-month term with option to withdraw or deposit without penalty at each 90 day anniversary; $500 minimum must be maintained; aggregate deposits up to $250,000; no institutional money; Compounding: Quarterly
Last Updated 11/07/2026
Rate History
No change since Oct 23, 2026 · 3.85% APY · checked 4 times
3.35%3.85%4.35%Oct 23, 2026: 3.85% APYOct 23, 2026Nov 9, 2026
Institution Ratings
5.0
Star Rating
A+
Health Grade
◈ Texas Ratio: 0.00%
Commercial 18-Month CD 3.49% 3.50% 18 months $500
Min Deposit $500
Min Balance $500
Details Commercial deposit; TERM CDs; Compounding: Annually
Last Updated 11/07/2026
Rate History
No change since Oct 23, 2026 · 3.50% APY · checked 4 times
3.00%3.50%4.00%Oct 23, 2026: 3.50% APYOct 23, 2026Nov 9, 2026
Institution Ratings
5.0
Star Rating
A+
Health Grade
◈ Texas Ratio: 0.00%
Commercial 24-Month CD 3.25% 3.25% 24 months $500
Min Deposit $500
Min Balance $500
Details Commercial deposit; TERM CDs; Compounding: Annually
Last Updated 11/07/2026
Rate History
No change since Oct 23, 2026 · 3.25% APY · checked 4 times
2.75%3.25%3.75%Oct 23, 2026: 3.25% APYOct 23, 2026Nov 9, 2026
Institution Ratings
5.0
Star Rating
A+
Health Grade
◈ Texas Ratio: 0.00%
Commercial 60-Month CD 3.05% 3.05% 60 months $500
Min Deposit $500
Min Balance $500
Details Commercial deposit; TERM CDs; Compounding: Annually
Last Updated 11/07/2026
Rate History
No change since Oct 23, 2026 · 3.05% APY · checked 4 times
2.55%3.05%3.55%Oct 23, 2026: 3.05% APYOct 23, 2026Nov 9, 2026
Institution Ratings
5.0
Star Rating
A+
Health Grade
◈ Texas Ratio: 0.00%
Commercial 12-Month CD 2.75% 2.75% 12 months $500
Min Deposit $500
Min Balance $500
Details Commercial deposit; TERM CDs; Compounding: Annually
Last Updated 11/07/2026
Rate History
No change since Oct 23, 2026 · 2.75% APY · checked 4 times
2.25%2.75%3.25%Oct 23, 2026: 2.75% APYOct 23, 2026Nov 9, 2026
Institution Ratings
5.0
Star Rating
A+
Health Grade
◈ Texas Ratio: 0.00%

Farmers & Merchants State Bank Savings Rates

Product Rate APY View More
Platinum Savings 2.50% 2.52%
Min Deposit $100,000
Min Balance $100,000
Details Balance: $100,000 (Tier 2); Balance falling below $100,000 earns 0.22% APY; Compounding: Quarterly
Last Updated 11/07/2026
Rate History
No change since Oct 4, 2026 · 2.52% APY · checked 8 times
2.02%2.52%3.02%Oct 4, 2026: 2.52% APYOct 4, 2026Nov 9, 2026
Institution Ratings
5.0
Star Rating
A+
Health Grade
◈ Texas Ratio: 0.00%
Holiday Savings 1.25% 1.25%
Min Deposit $10
Details Compounding: Annually
Last Updated 11/07/2026
Rate History
No change since Oct 4, 2026 · 1.25% APY · checked 7 times
0.75%1.25%1.75%Oct 4, 2026: 1.25% APYOct 4, 2026Nov 9, 2026
Institution Ratings
5.0
Star Rating
A+
Health Grade
◈ Texas Ratio: 0.00%
Custodial Savings 0.50% 0.50%
Min Deposit $10
Min Balance $500
Details Balance: > $500 (Tier 2); Custodial Savings only one account per custodian tax identification number; Compounding: Quarterly
Last Updated 11/07/2026
Rate History
No change since Oct 4, 2026 · 0.50% APY · checked 8 times
0.00%0.50%1.00%Oct 4, 2026: 0.50% APYOct 4, 2026Nov 9, 2026
Institution Ratings
5.0
Star Rating
A+
Health Grade
◈ Texas Ratio: 0.00%
Youth Savings 0.50% 0.50%
Min Deposit $10
Min Balance $500
Details Balance: > $500 (Tier 2); Youth Savings only one account per minor's tax identification number; Compounding: Quarterly
Last Updated 11/07/2026
Rate History
No change since Oct 4, 2026 · 0.50% APY · checked 8 times
0.00%0.50%1.00%Oct 4, 2026: 0.50% APYOct 4, 2026Nov 9, 2026
Institution Ratings
5.0
Star Rating
A+
Health Grade
◈ Texas Ratio: 0.00%
Platinum Savings 0.22% 0.22%
Min Deposit $100,000
Min Balance $0
Details Balance: $0 - $99,999 (Tier 1); Compounding: Quarterly
Last Updated 11/07/2026
Rate History
No change since Oct 4, 2026 · 0.22% APY · checked 8 times
0.00%0.36%0.72%Oct 4, 2026: 0.22% APYOct 4, 2026Nov 9, 2026
Institution Ratings
5.0
Star Rating
A+
Health Grade
◈ Texas Ratio: 0.00%
IRA Passbook Savings 0.07% 0.07%
Min Deposit $100
Details Compounding: Quarterly
Last Updated 11/07/2026
Rate History
No change since Oct 4, 2026 · 0.07% APY · checked 7 times
0.00%0.29%0.57%Oct 4, 2026: 0.07% APYOct 4, 2026Nov 9, 2026
Institution Ratings
5.0
Star Rating
A+
Health Grade
◈ Texas Ratio: 0.00%
Personal Savings 0.07% 0.07%
Min Deposit $100
Details Compounding: Quarterly
Last Updated 11/07/2026
Rate History
No change since Oct 4, 2026 · 0.07% APY · checked 6 times
0.00%0.29%0.57%Oct 4, 2026: 0.07% APYOct 4, 2026Nov 9, 2026
Institution Ratings
5.0
Star Rating
A+
Health Grade
◈ Texas Ratio: 0.00%

Farmers & Merchants State Bank Business Savings Rates

Product Rate APY View More
Business Savings 0.22% 0.22%
Min Deposit $200
Min Balance $25,000
Details Commercial deposit; Balance: $25,000 (Tier 2); Compounding: Quarterly
Last Updated 11/07/2026
Rate History
No change since Oct 4, 2026 · 0.22% APY · checked 8 times
0.00%0.36%0.72%Oct 4, 2026: 0.22% APYOct 4, 2026Nov 9, 2026
Institution Ratings
5.0
Star Rating
A+
Health Grade
◈ Texas Ratio: 0.00%
Business Savings 0.07% 0.07%
Min Deposit $200
Min Balance $0
Details Commercial deposit; Balance: $0 - $24,999 (Tier 1); Compounding: Quarterly
Last Updated 11/07/2026
Rate History
No change since Oct 4, 2026 · 0.07% APY · checked 8 times
0.00%0.29%0.57%Oct 4, 2026: 0.07% APYOct 4, 2026Nov 9, 2026
Institution Ratings
5.0
Star Rating
A+
Health Grade
◈ Texas Ratio: 0.00%

Farmers & Merchants State Bank Money Market Rates

Product Rate APY View More
Premium Money Market 3.93% 4.00%
Min Deposit $2,500
Min Balance $750,000
Details Balance: $750,000+ (Tier 5); Compounding: Monthly
Last Updated 11/07/2026
Rate History
No change since Oct 4, 2026 · 4.00% APY · checked 8 times
3.50%4.00%4.50%Oct 4, 2026: 4.00% APYOct 4, 2026Nov 9, 2026
Institution Ratings
5.0
Star Rating
A+
Health Grade
◈ Texas Ratio: 0.00%
Premium Money Market 3.15% 3.20%
Min Deposit $2,500
Min Balance $500,000
Details Balance: $500,000 - $749,999 (Tier 4); Compounding: Monthly
Last Updated 11/07/2026
Rate History
No change since Oct 4, 2026 · 3.20% APY · checked 8 times
2.70%3.20%3.70%Oct 4, 2026: 3.20% APYOct 4, 2026Nov 9, 2026
Institution Ratings
5.0
Star Rating
A+
Health Grade
◈ Texas Ratio: 0.00%
Premium Money Market 2.72% 2.75%
Min Deposit $2,500
Min Balance $250,000
Details Balance: $250,000 - $499,999 (Tier 3); Compounding: Monthly
Last Updated 11/07/2026
Rate History
No change since Oct 4, 2026 · 2.75% APY · checked 8 times
2.25%2.75%3.25%Oct 4, 2026: 2.75% APYOct 4, 2026Nov 9, 2026
Institution Ratings
5.0
Star Rating
A+
Health Grade
◈ Texas Ratio: 0.00%
Premium Money Market 2.47% 2.50%
Min Deposit $2,500
Min Balance $100,000
Details Balance: $100,000 - $249,999 (Tier 2); Compounding: Monthly
Last Updated 11/07/2026
Rate History
No change since Oct 4, 2026 · 2.50% APY · checked 8 times
2.00%2.50%3.00%Oct 4, 2026: 2.50% APYOct 4, 2026Nov 9, 2026
Institution Ratings
5.0
Star Rating
A+
Health Grade
◈ Texas Ratio: 0.00%
Money Market 0.31% 0.31%
Min Deposit $2,500
Min Balance $150,000
Details Balance: $150,000 (Tier 4); Compounding: Monthly
Last Updated 11/07/2026
Rate History
No change since Oct 4, 2026 · 0.31% APY · checked 8 times
0.00%0.41%0.81%Oct 4, 2026: 0.31% APYOct 4, 2026Nov 9, 2026
Institution Ratings
5.0
Star Rating
A+
Health Grade
◈ Texas Ratio: 0.00%
Money Market 0.26% 0.26%
Min Deposit $2,500
Min Balance $100,000
Details Balance: $100,000 - $149,999 (Tier 3); Compounding: Monthly
Last Updated 11/07/2026
Rate History
No change since Oct 4, 2026 · 0.26% APY · checked 8 times
0.00%0.38%0.76%Oct 4, 2026: 0.26% APYOct 4, 2026Nov 9, 2026
Institution Ratings
5.0
Star Rating
A+
Health Grade
◈ Texas Ratio: 0.00%
Money Market 0.21% 0.21%
Min Deposit $2,500
Min Balance $75,000
Details Balance: $75,000 - $99,999 (Tier 2); Compounding: Monthly
Last Updated 11/07/2026
Rate History
No change since Oct 4, 2026 · 0.21% APY · checked 8 times
0.00%0.36%0.71%Oct 4, 2026: 0.21% APYOct 4, 2026Nov 9, 2026
Institution Ratings
5.0
Star Rating
A+
Health Grade
◈ Texas Ratio: 0.00%
Money Market 0.16% 0.16%
Min Deposit $2,500
Min Balance $0
Details Balance: $0 - $74,999 (Tier 1); Compounding: Monthly
Last Updated 11/07/2026
Rate History
No change since Oct 4, 2026 · 0.16% APY · checked 8 times
0.00%0.33%0.66%Oct 4, 2026: 0.16% APYOct 4, 2026Nov 9, 2026
Institution Ratings
5.0
Star Rating
A+
Health Grade
◈ Texas Ratio: 0.00%
Premium Money Market 0.16% 0.16%
Min Deposit $2,500
Min Balance $0
Details Balance: $0 - $99,000 (Tier 1); Compounding: Monthly
Last Updated 11/07/2026
Rate History
No change since Oct 4, 2026 · 0.16% APY · checked 8 times
0.00%0.33%0.66%Oct 4, 2026: 0.16% APYOct 4, 2026Nov 9, 2026
Institution Ratings
5.0
Star Rating
A+
Health Grade
◈ Texas Ratio: 0.00%

Farmers & Merchants State Bank Business Money Market Rates

Product Rate APY View More
Premium Business Money Market 3.93% 4.00%
Min Deposit $2,500
Min Balance $750,000
Details Commercial deposit; Balance: $750,000+ (Tier 5); Compounding: Monthly
Last Updated 11/07/2026
Rate History
No change since Oct 4, 2026 · 4.00% APY · checked 8 times
3.50%4.00%4.50%Oct 4, 2026: 4.00% APYOct 4, 2026Nov 9, 2026
Institution Ratings
5.0
Star Rating
A+
Health Grade
◈ Texas Ratio: 0.00%
Premium Business Money Market 3.15% 3.20%
Min Deposit $2,500
Min Balance $500,000
Details Commercial deposit; Balance: $500,000 - $749,999 (Tier 4); Compounding: Monthly
Last Updated 11/07/2026
Rate History
No change since Oct 4, 2026 · 3.20% APY · checked 8 times
2.70%3.20%3.70%Oct 4, 2026: 3.20% APYOct 4, 2026Nov 9, 2026
Institution Ratings
5.0
Star Rating
A+
Health Grade
◈ Texas Ratio: 0.00%
Business Prime Money Market 2.75% 2.78%
Min Deposit $2,500
Min Balance $150,000
Details Commercial deposit; Balance: $150,000 and over (Tier 2); Rate determined by Wall Street Journal Prime less 4.25% with floor of .05% (footnote); Compounding: Monthly
Last Updated 11/07/2026
Rate History
No change since Oct 4, 2026 · 2.78% APY · checked 8 times
2.28%2.78%3.28%Oct 4, 2026: 2.78% APYOct 4, 2026Nov 9, 2026
Institution Ratings
5.0
Star Rating
A+
Health Grade
◈ Texas Ratio: 0.00%
Premium Business Money Market 2.72% 2.75%
Min Deposit $2,500
Min Balance $250,000
Details Commercial deposit; Balance: $250,000 - $499,999 (Tier 3); Compounding: Monthly
Last Updated 11/07/2026
Rate History
No change since Oct 4, 2026 · 2.75% APY · checked 8 times
2.25%2.75%3.25%Oct 4, 2026: 2.75% APYOct 4, 2026Nov 9, 2026
Institution Ratings
5.0
Star Rating
A+
Health Grade
◈ Texas Ratio: 0.00%
Premium Business Money Market 2.47% 2.50%
Min Deposit $2,500
Min Balance $100,000
Details Commercial deposit; Balance: $100,000 - $249,999 (Tier 2); Compounding: Monthly
Last Updated 11/07/2026
Rate History
No change since Oct 4, 2026 · 2.50% APY · checked 8 times
2.00%2.50%3.00%Oct 4, 2026: 2.50% APYOct 4, 2026Nov 9, 2026
Institution Ratings
5.0
Star Rating
A+
Health Grade
◈ Texas Ratio: 0.00%
Business Money Market 0.31% 0.31%
Min Deposit $2,500
Min Balance $150,000
Details Commercial deposit; Balance: $150,000 (Tier 4); Compounding: Monthly
Last Updated 11/07/2026
Rate History
No change since Oct 4, 2026 · 0.31% APY · checked 8 times
0.00%0.41%0.81%Oct 4, 2026: 0.31% APYOct 4, 2026Nov 9, 2026
Institution Ratings
5.0
Star Rating
A+
Health Grade
◈ Texas Ratio: 0.00%
Business Money Market 0.26% 0.26%
Min Deposit $2,500
Min Balance $100,000
Details Commercial deposit; Balance: $100,000 - $149,999 (Tier 3); Compounding: Monthly
Last Updated 11/07/2026
Rate History
No change since Oct 4, 2026 · 0.26% APY · checked 8 times
0.00%0.38%0.76%Oct 4, 2026: 0.26% APYOct 4, 2026Nov 9, 2026
Institution Ratings
5.0
Star Rating
A+
Health Grade
◈ Texas Ratio: 0.00%
Business Money Market 0.21% 0.21%
Min Deposit $2,500
Min Balance $75,000
Details Commercial deposit; Balance: $75,000 - $99,999 (Tier 2); Compounding: Monthly
Last Updated 11/07/2026
Rate History
No change since Oct 4, 2026 · 0.21% APY · checked 8 times
0.00%0.36%0.71%Oct 4, 2026: 0.21% APYOct 4, 2026Nov 9, 2026
Institution Ratings
5.0
Star Rating
A+
Health Grade
◈ Texas Ratio: 0.00%
Business Money Market 0.16% 0.16%
Min Deposit $2,500
Min Balance $0
Details Commercial deposit; Balance: $0 - $74,999 (Tier 1); Compounding: Monthly
Last Updated 11/07/2026
Rate History
No change since Oct 4, 2026 · 0.16% APY · checked 8 times
0.00%0.33%0.66%Oct 4, 2026: 0.16% APYOct 4, 2026Nov 9, 2026
Institution Ratings
5.0
Star Rating
A+
Health Grade
◈ Texas Ratio: 0.00%
Business Prime Money Market 0.16% 0.16%
Min Deposit $2,500
Min Balance $0
Details Commercial deposit; Balance: $0 - $149,999 (Tier 1); Compounding: Monthly
Last Updated 11/07/2026
Rate History
No change since Oct 4, 2026 · 0.16% APY · checked 8 times
0.00%0.33%0.66%Oct 4, 2026: 0.16% APYOct 4, 2026Nov 9, 2026
Institution Ratings
5.0
Star Rating
A+
Health Grade
◈ Texas Ratio: 0.00%
Premium Business Money Market 0.16% 0.16%
Min Deposit $2,500
Min Balance $0
Details Commercial deposit; Balance: $0 - $99,999 (Tier 1); Compounding: Monthly
Last Updated 11/07/2026
Rate History
No change since Oct 4, 2026 · 0.16% APY · checked 8 times
0.00%0.33%0.66%Oct 4, 2026: 0.16% APYOct 4, 2026Nov 9, 2026
Institution Ratings
5.0
Star Rating
A+
Health Grade
◈ Texas Ratio: 0.00%

Farmers & Merchants State Bank Checking Rates

Product Rate APY View More
Legacy Rewards Checking 4.17% 4.25%
Min Deposit $50
Min Balance $0
Details Qualifications Required; Balance: $0 - $25,000 (Tier 1); Non-qualifying statement cycle rate 0.01% APY on all balances; Compounding: Monthly
Last Updated 11/07/2026
Rate History
No change since Oct 12, 2026 · 4.25% APY · checked 6 times
3.75%4.25%4.75%Oct 12, 2026: 4.25% APYOct 12, 2026Nov 9, 2026
Institution Ratings
5.0
Star Rating
A+
Health Grade
◈ Texas Ratio: 0.00%
Prime Checking 2.75% 2.78%
Min Deposit $50
Min Balance $0
Details Balance: $0 - $5000 (Tier 1); Rate determined by Prime Rate less 4.25% with floor of .05% for balances below $5000.01 (footnote); One account per tax identification number; Compounding: Monthly
Last Updated 11/07/2026
Rate History
No change since Oct 4, 2026 · 2.78% APY · checked 8 times
2.28%2.78%3.28%Oct 4, 2026: 2.78% APYOct 4, 2026Nov 9, 2026
Institution Ratings
5.0
Star Rating
A+
Health Grade
◈ Texas Ratio: 0.00%
Prime Checking 0.01% 0.01%
Min Deposit $50
Min Balance $5,000
Details Balance: $5000.01 or over (Tier 2); Rate determined by Prime Rate less 4.25% with floor of .05% for balances below $5000.01 (footnote); One account per tax identification number; Compounding: Monthly
Last Updated 11/07/2026
Rate History
No change since Oct 4, 2026 · 0.01% APY · checked 7 times
0.00%0.26%0.51%Oct 4, 2026: 0.01% APYOct 4, 2026Nov 9, 2026
Institution Ratings
5.0
Star Rating
A+
Health Grade
◈ Texas Ratio: 0.00%

Farmers & Merchants State Bank Business Checking Rates

Product Rate APY View More
Business Interest Checking 0.05% 0.05%
Min Deposit $100
Min Balance $2,500
Details Commercial deposit; Balance: $2500+ (Tier 2); Compounding: Monthly
Last Updated 11/07/2026
Rate History
No change since Oct 4, 2026 · 0.05% APY · checked 8 times
0.00%0.28%0.55%Oct 4, 2026: 0.05% APYOct 4, 2026Nov 9, 2026
Institution Ratings
5.0
Star Rating
A+
Health Grade
◈ Texas Ratio: 0.00%
Business Interest Checking 0.01% 0.01%
Min Deposit $100
Min Balance $0
Details Commercial deposit; Balance: $0 - $2,499 (Tier 1); Compounding: Monthly
Last Updated 11/07/2026
Rate History
No change since Oct 4, 2026 · 0.01% APY · checked 8 times
0.00%0.26%0.51%Oct 4, 2026: 0.01% APYOct 4, 2026Nov 9, 2026
Institution Ratings
5.0
Star Rating
A+
Health Grade
◈ Texas Ratio: 0.00%

Farmers & Merchants State Bank Home Equity & HELOC

Product Rate Points APR Term View More
Home Equity Line of Credit Special - Home Equity 6.00% 0% 6.00% 15 Year
Details Introductory rate 6.000% for the first 6 months, then Prime Rate as published in the Wall Street Journal + 0.000% (currently 7.000%), with a floor rate of 4.00%. Based on a $50,000 loan, property in Waterloo, Jefferson county, WI. Minimum monthly payment based on interest due. Balance due at end of loan term.
Last Updated 11/07/2026
Rate History
No change since Oct 23, 2026 · 6.00% APR · checked 4 times
5.50%6.00%6.50%Oct 23, 2026: 6.00% APROct 23, 2026Nov 9, 2026
Institution Ratings
5.0
Star Rating
A+
Health Grade
◈ Texas Ratio: 0.00%

Farmers & Merchants State Bank Other Rates

Product Rate Points APY/APR Term View More
Health Savings Checking (HSA) 1.52% - 1.53%
Min Deposit $100
Min Balance $7,500
Details Balance: $7,500 (Tier 2); Compounding: Monthly
Last Updated 11/07/2026
Rate History
No change since Oct 4, 2026 · 1.53% APY · checked 8 times
1.03%1.53%2.03%Oct 4, 2026: 1.53% APYOct 4, 2026Nov 9, 2026
Institution Ratings
5.0
Star Rating
A+
Health Grade
◈ Texas Ratio: 0.00%
Health Savings Checking (HSA) 0.52% - 0.52%
Min Deposit $100
Min Balance $0
Details Balance: $0 - $7499 (Tier 1); Compounding: Monthly
Last Updated 11/07/2026
Rate History
No change since Oct 4, 2026 · 0.52% APY · checked 8 times
0.02%0.52%1.02%Oct 4, 2026: 0.52% APYOct 4, 2026Nov 9, 2026
Institution Ratings
5.0
Star Rating
A+
Health Grade
◈ Texas Ratio: 0.00%
Important: Rates, terms, and conditions are subject to change without notice. The rates displayed are for information purposes only. Please confirm all rates and terms directly with the financial institution. We strive to keep this information accurate but cannot guarantee it.
Banks and Credit Unions: If you identify an incorrect rate or wish to request the removal of your institution's data from MonitorBankRates.com, please contact us here.
Powered by MonitorBankRates

Financial Health History

Farmers & Merchants State Bank’s Texas Ratio fell from 1.26% in Q3 2023 to 0.00% in Q2 2026, so its financial health has improved and is now very strong over the past 12 quarters. Over the same period its Star Rating moved from 5.0 to 5.0. Lower Texas Ratios are healthier — this bank’s entire history sits far below the 15% threshold for the MBR Verified Healthy badge. Hover over or tap a point for that quarter’s figures.

0% 1.0★ 0.4% 2.0★ 0.9% 3.0★ 1.3% 4.0★ 1.7% 5.0★ Healthy zone – entire history below the 15% limit 1.26% A+ Q3 2023 A+ Q4 2023 A+ Q1 2024 A+ Q2 2024 A+ Q3 2024 A+ Q4 2024 A+ Q1 2025 A+ Q2 2025 A+ Q3 2025 A+ Q4 2025 A+ Q1 2026 0.00% A+ Q2 2026
Swipe the chart sideways to see every quarter.
Texas Ratio, left axis (lower is healthier)MBR Star Rating, right axis (1 to 5)Health Grade
Powered by MonitorBankRates

How to read this chart: the two lines move in opposite directions by design. The Texas Ratio (blue) measures trouble, so a rising blue line means more non-performing assets against capital. The Star Rating (green) and Health Grade chips measure strength, so they fall when the Texas Ratio climbs and recover when it drops.

Show the quarterly figures
QuarterTotal assetsTexas RatioStar RatingHealth Grade
June 30, 2026$246M0.00%5.0A+
March 31, 2026$246M0.00%5.0A+
December 31, 2025$241M0.00%5.0A+
September 30, 2025$239M0.00%5.0A+
June 30, 2025$237M0.00%5.0A+
March 31, 2025$240M0.13%5.0A+
December 31, 2024$240M0.00%5.0A+
September 30, 2024$240M0.00%5.0A+
June 30, 2024$234M1.21%5.0A+
March 31, 2024$235M1.20%5.0A+
December 31, 2023$231M1.21%5.0A+
September 30, 2023$235M1.26%5.0A+
Source: FDIC call reports, MonitorBankRates analysis. Ratings shown are recomputed for each quarter with the current methodology and exclude member reviews.

Methodology & Data Sources

MonitorBankRates Star Rating: Our rating for Farmers & Merchants State Bank is derived from comprehensive financial data published quarterly by the FDIC. Our proprietary rating system evaluates financial stability (including the Texas Ratio and capitalization) and combines it with customer feedback (user reviews) to help you make informed banking decisions.

Texas Ratio: We calculate the Texas Ratio using standard industry methodology. This ratio compares the bank's non-performing assets to its tangible common equity and loan loss reserves to assess financial health.

Rate Data Aggregation: We gather Farmers & Merchants State Bank rates using proprietary online rate aggregation technology. Our systems scan constantly to provide the most recent rates available to our visitors.

Disclaimer: Interest rates are variable and subject to change without notice. While we strive for accuracy, rates can change rapidly based on market conditions. It is always advisable to check with Farmers & Merchants State Bank's official website for the most current offers and terms.

Bank Profile & Overview

Bank Name Chartway Credit Union
Website https://www.FandMStBk.com
Address 210 W Madison St, Waterloo, WI 53594  ·  Jefferson
Bank Holding Company MAUNESHA BANCSHARES INC
FDIC Certificate # 13242
Regulator FDIC
Established January 1, 1897
FDIC Insurance Date January 1, 1934
Domestic Offices 3
Total Branches 3
FDIC Insured ✓ Yes, up to $250,000 per depositor

Financials

MonitorBankRates Star Rating
5.0 / 5.0 ★
Overall Health & Safety Grade
A+ (100/100)
Texas Ratio
0.00%
National Average Texas Ratio
5.85%
Return on Assets (ROA)
0.9180%
Return on Equity (ROE)
8.5700%
Non-Performing Loans Ratio (NPL)
0.00%
Total Assets
$245,590,000
Total Deposits
$183,037,000
Equity Capital
$26,698,000
Net Income
$1,120,000
Headquarters
Waterloo
Total Branches and Offices
3
Source: FDIC — Last Updated June 30, 2026
MonitorBankRates Verified Healthy Badge 2026
2026 MBR Health & Safety Badge

Farmers & Merchants State Bank earned the Verified Healthy badge

Display this badge on your website to show visitors your 2026 MonitorBankRates recognition. The badge links back to this profile page for independent verification.

Copy the HTML below and paste it into your website where you’d like the badge to appear. The badge image is hosted on MonitorBankRates, so there is no need to download or upload anything. Badges are re-tested every quarter, and this profile page always shows the latest results, so the code never needs to change.

<a href="https://www.monitorbankrates.com/banks/farmers-and-merchants-state-bank-rates-review-13242">
  <img src="https://www.monitorbankrates.com/wp-content/uploads/badges/mbr-badge-tier-c-2026.svg"
       alt="MonitorBankRates Verified Healthy Badge 2026"
       width="160" height="160">
</a>
Learn more about the MBR Health & Safety Badge program on our methodology page.

Customer Reviews

There are no reviews for Farmers & Merchants State Bank yet. Feel free to create one below.
Looking for more bank and credit union reviews? Visit our Community Reviews hub to read what other members are saying, ask questions, and join the conversation.
Average Rating
☆☆☆☆☆
Total Reviews
0
Add Your Rating and Review for Farmers & Merchants State Bank
Your Name:
Your Rating:

Frequently Asked Questions About Farmers & Merchants State Bank

Does Farmers & Merchants State Bank offer CDs?

Yes. Farmers & Merchants State Bank current CD rates include its 25-Month - 10% New Money CD at 4.50% APY, its 36-Month - 10% New Money CD at 4.50% APY and its 20-Month - 10% New Money CD at 4.40% APY, verified by MonitorBankRates as of November 7, 2026.

Are CDs from Farmers & Merchants State Bank FDIC insured?

Yes. Farmers & Merchants State Bank is insured by the Federal Deposit Insurance Corporation (FDIC), so CDs opened there are insured up to $250,000 per depositor, per ownership category.

What is the highest CD rate at Farmers & Merchants State Bank?

The highest Farmers & Merchants State Bank CD rate is its 25-Month - 10% New Money Certificate at 4.50% APY, verified by MonitorBankRates as of November 7, 2026.

What CD terms does Farmers & Merchants State Bank offer?

Farmers & Merchants State Bank CD rates are 2.75% APY for a 12 month CD, 3.50% APY for an 18 month CD, 4.40% APY for a 20 month CD, 3.25% APY for a 2 year CD, 4.50% APY for a 25 month CD, 4.50% APY for a 3 year CD and 3.05% APY for a 5 year CD, verified by MonitorBankRates as of November 7, 2026. The institution may offer other terms or specials that are not listed here, so check with Farmers & Merchants State Bank for its full lineup.

What is the highest savings rate at Farmers & Merchants State Bank?

The highest Farmers & Merchants State Bank savings rate is its Platinum Savings at 2.52% APY, verified by MonitorBankRates as of November 7, 2026.

What is the highest money market rate at Farmers & Merchants State Bank?

The highest Farmers & Merchants State Bank money market rate is its Premium Business Money Market at 4.00% APY, verified by MonitorBankRates as of November 7, 2026.

What is the highest checking rate at Farmers & Merchants State Bank?

The highest Farmers & Merchants State Bank checking rate is its Legacy Rewards Checking at 4.25% APY, verified by MonitorBankRates as of November 7, 2026.

How many branches does Farmers & Merchants State Bank operate?

Farmers & Merchants State Bank currently maintains approximately 3 branch location(s). Physical branches allow members to access in-person services such as notary consultations and safe deposit boxes.

Is there a first-time homebuyer program?

Currently, Farmers & Merchants State Bank does not list a specific first-time homebuyer program, but they provide a range of mortgage and home equity products to assist members with property financing.

Are credit management and repair services offered?

While formal credit repair services are not currently listed, Farmers & Merchants State Bank provides members with tools to manage their accounts and build a solid financial history.

Does Farmers & Merchants State Bank offer online and mobile banking?

Most modern institutions like Farmers & Merchants State Bank provide digital access. This includes the ability to check balances, transfer funds, deposit checks via mobile app, and view statements online. You can usually find these services at their official website: https://www.FandMStBk.com.

Are all CD rates listed on MonitorBankRates federally insured?

Most are. Banks are insured by the FDIC and most credit unions by the NCUA, up to $250,000 per depositor, per ownership category. A small number of credit unions are privately insured instead, and we label them on their pages. MonitorBankRates is not a bank or credit union; deposit insurance comes from the institution where you open the account.

I want to open a CD with an institution listed on MonitorBankRates. How do I open the account?

You open the account directly with the bank or credit union. Use the View button next to a rate to go to the institution's website, then apply online, by phone or at a branch. Confirm the current rate and terms with the institution before you deposit.

If I open a CD I found on MonitorBankRates, is my account with MonitorBankRates or the institution?

Your account is with the financial institution. MonitorBankRates is a rate comparison site; we do not open accounts, hold deposits or handle your money.

Why are some CD offers not available for me to open?

Some offers are limited to certain states or local areas, require membership or an existing account, need a minimum deposit, or were promotions that have since ended. Rates can also change after we verify them. The institution's website has the current eligibility rules.

How do Farmers & Merchants State Bank rates compare?

Farmers & Merchants State Bank's top CD rate of 4.50% APY on a 25 month CD is 54% higher than the MonitorBankRates national average of 2.93% APY for that term, and it has an A+ health rating. Farmers & Merchants State Bank's top rates are its 25-Months 25-Month - 10% New Money Certificate at 4.50% APY, its Platinum Savings at 2.52% APY, its Premium Business Money Market at 4.00% APY and its Legacy Rewards Checking at 4.25% APY, verified by MonitorBankRates on November 7, 2026.

Current Farmers & Merchants State Bank Rates

  • 12-Month CD2.75%
  • 18-Month CD3.50%
  • 24-Month CD3.25%
  • 36-Month CD4.40%
  • 60-Month CD3.05%
  • Savings2.52%
  • MMA4.00%
Retrieved from our database of financial products. Rates subject to change.

Compare to Other Banks

CornerStone Bank The Merchants & Planters Bank NSB of Gonvick First Bank of Utica Pathward, National Association Lamesa National Bank MVB Bank First Bank of Ohio Texas National Bank Mercedes, TX Reliance Bank The Farmers State Bank of Oakley, Kansas Providence Bank & Trust The Farmers Bank Community Savings Western Dakota Bank Citizens State Bank Gridley, KS Elkton Bank & Trust Company Liberty Bank of New Jersey Sanger Bank InterBank Stockman Bank of Montana