With this unique product, you can safely invest deposits of more than $250,000 in 100% FDIC-insured Certificates of Deposit.
F&M Bank is part of a network of 600+ banks that must meet specific, stringent financial requirements to participate in the CDARS program.
Your funds are placed in CDs that are technically issued by other member banks in increments of $250,000 or less so that your principal and interest are protected.
- Terms of all CDs range from (4) weeks to (3) years.
- No customer fees.
- Minimum investment is $10,000.
- Maximum investment in this product is up to an aggregate of $50 million.
- Interest can be paid monthly or at maturity.
- One monthly statement itemizes all CDARS certificate investments.
- One tax statement per year includes all CDARS CD investments.
For information about your CD investment needs, please call (918) 748-4185.
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here to view an informational video on CDARS.
See
Account Rules and Regulations