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IRA (Individual Retirement Accounts)

An Individual Retirement Account (IRA) is a government sponsored, tax-deferred personal retirement plan.  Farmers and Merchants Bank offers both Traditional and Roth IRA's.  If you qualify, an IRA contribution can be a great way to reduce this year's taxes. You have until April 15th each year to make a previous year contribution and still reap the tax benefits.   IRA's are restricted by earned income, age and deposit limits.  For more details about IRA's as well as retirement calculators, limits and maximums visit the IRS Website.


FMB offers several options:

  • 18 month variable rate CD
  • Fixed rate CD's with a 2-Year, 3-Year or 5-Year Term
  • Interest compounds quarterly

Ask your Tax Professional if an IRA is right for you!

Click here to view our deposit rates.


If you would like to speak to a Personal Banker regarding opening an IRA, please fill out the form below.

*Penalty for early withdrawal, IRS penalties and restrictions apply


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