SCAM PHONE CALLS & TEXT MESSAGES

We've received reports that some clients are receiving fraudulent phone calls and text messages mimicking CBI Bank & Trust. These are scams and are not coming from CBI Bank & Trust. Please do not give any information over the phone and do not click on any text message links.  If you have any questions, please call us directly at the known phone number or contact your regular banking representative.

Home Personal CDs & IRAs

CDs & IRAs

Fixed Rate CDs and IRAs

There are thousands of ways you can save for the future. However, not all of them provide security and low-risk. There are savings solutions available to help your money grow while also protecting it from loss: CDs and IRA CDs.

At F&M Bank, our CDs and IRA CDs offer more than “competitive rates” and “flexible terms.” They are ways to help you save for your dream vacation, a new home or whatever you have planned for your future.

CD Options at F&M Bank

Both CDs and IRA CDs have a minimum opening deposit and minimum balance of $1,000. F&M Bank also offers jumbo CDs for deposits over $100,000. Jumbo CDs come in any term and require at least a $100,000 deposit. See full CD account information here.

CDs and IRA CDs come in various terms, including:

  • 0-5 months
  • 6-11 months
  • 12-23 months
  • 24-35 months
  • 36-47 months
  • 48-59 months
  • 60 months
 

IRA OPTIONS AT F&M Bank

In addition to an IRA CD, F&M Bank also offers IRA Savings accounts to help you save for retirement. Both IRA CD and IRA Savings are limited in the amount of money you can contribute in a year. These accounts are compounded quarterly, and may also be used as a tax deduction.*  For all other IRA needs, please contact our Wealth Management department.

Open Your CD or IRA Today

To open your CD or IRA at F&M Bank, simply stop by any F&M Bank location today.

*Please consult your tax advisor for this information.