• Main Office: (706) 846-8415
  • Loan Production Office: (706) 660-6877
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Individual Retirement Accounts

F&M Bank Individual Retirement Accounts (IRAs) are one of the best ways to save for retirement.  IRAs are FDIC insured and provide tax advantages for your long-term retirement savings.

  • $100 minimum opening deposit
  • Variety of terms to choose from
  • Competitive Interest Rates Click here for Rates
  • Interest is compounded daily
  • Interest can be paid monthly or quarterly.
  • Interest can be credited back to the IRA, paid by check, or credited into another account
  • Penalty equal to 3 months interest for early withdrawal, except withdrawals made in accordance with IRS distributions
  • Withdrawals made before age 59 ½ are subject to 10% IRS penalty (in addition to early withdrawal penalties if applicable)
  • Includes Traditional, Roth and Coverdell Education Savings accounts (CESA), Medical Savings Accounts (MSA) and Simplified Employee Pension (SEP)