Drop Down Menu

Savings Accounts

Christmas Club

Are you tired of the credit card bills piling up after the Christmas holidays? A Christmas club account can help you put away a little money whenever your budget allows and make holiday shopping more fun. A Christmas club account can be opened for as little as $20.00. The Farmers and Merchants Bank allows the account holder to deposit any dollar amount on whatever schedule they desire or their budget allows. There are no weekly restraints. However, a penalty will be imposed for early withdrawal. Interest is compounded daily. Each year in mid October, a check including all principal and interest is mailed to the account holder.