Farmers & Merchants State Bank CD Rates — Verified APYs · Updated October 2026

Yes, Farmers & Merchants State Bank offers certificate of deposit (CD) accounts with fixed interest rates across multiple term lengths.

CDs from Farmers & Merchants State Bank are typically issued by a federally insured institution and are covered up to applicable FDIC limits.

CD rates vary based on the selected term length and current market conditions.

The highest CD rate currently listed for Farmers & Merchants State Bank on CD Valet is 3.50% APY on a 36 month term, verified as of April 6, 2026. Rates are subject to change.

Farmers & Merchants State Bank offers CDs on 6-month, 12-month and 24-month terms. Rates vary by term.

CD Valet only shows rates from financial institutions that are federally insured. Typically, most banks are federally insured by the FDIC while credit unions are insured by NCUA. Some financial institutions are privately insured. In general, the FDIC and NCUA insure up to $250,000 per depositor. FDIC coverage is based on account ownership and structure. Depending on ownership, CDs can be insured for more than the standard $250,000. Consumers should check the insured status of the financial institution they are considering. Please contact the bank or credit union directly to determine the insurance eligibility of your deposits.

CD Valet shows the most competitive CD rates offered by thousands of banks and credit unions nationwide. Found a great rate? If the CD is offered by one of our partner financial institutions, you can easily and securely start the account opening process by clicking “Open Now.” You will be re-directed to the financial institution’s digital account opening process or prompted to provide your contact information so the financial institution can reach out to you to open your account. If the CD is not one of our Featured CDs, you can navigate to the financial institution’s website to learn how to open an account with them. If you have any questions, please reach out to the financial institution or contact our team at support@cdvalet.com.

Congrats on finding a great rate! As an online marketplace, CD Valet does not offer CD products – our site displays rates offered by federally insured banks and credit unions. Your deposit is with the financial institution you’ve chosen to open an account. CD Valet is not involved in your transaction with the financial institution.

Some financial institutions – mainly community credit unions – may have specified geographic restrictions or membership criteria that must be met to open an account with them. For example, a community credit union in Texas may only offer its financial services to Texas residents that live, work, or attend school in a defined Texas county. In these cases, you may sometimes find a rate on CD Valet that may not be eligible to you or available in your state. We recommend using our ✨Customize Your Search feature to filter for rates that may be available specifically in your state.

CD rates change frequently based on market conditions, Federal Reserve policy, and individual bank strategies. The institution offering the highest CD rate today may differ tomorrow, and the best rate can also vary depending on the term length and minimum deposit requirements.