IRAs
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IRAs

Set aside funds for retirement now with an IRA from Farmers & Merchants State Bank. We offer three IRA options. Our experts can help you decide which best fits your needs.

Questions?
Traditional IRA

Traditional IRAs allow individuals to make regular contributions and reduce taxable income. We act as the custodian for the IRA, receiving the funds and investing them only in F&M IRA Certificates of Deposit.

  • Save for the future
  • Good interest rates
  • Tax-fee withdrawals for certain distributions
  • Contributions may be tax deductible
  • FDIC insured
Roth IRA

The Roth IRA is a nondeductible account that features tax-free withdrawals for certain distributions. Roth IRA accounts are designed to help those who want to save for their financial future through weekly, monthly, or annual deposits.

  • Save for the future
  • Good interest rates
  • Interest is tax-free upon withdrawal
  • Contributions are not tax deductible
  • FDIC insured
Coverdell Education Savings

Coverdell Education Savings Agreement (CESA) is a nondeductible account that features tax-free withdrawals for a child's higher education expenses. CESAs are designed to help those who want to save for their children's future education by making weekly, monthly, or annual deposits.

  • Save for the future
  • Good interest rates
  • Withdraw funds penalty-free for educational expenses
  • FDIC insured
Questions?