CDs & IRAs

Certificates of Deposit

An FMB Bank Certificate of Deposit offers a high rate of return with a variety of terms to meet your needs. A Certificate of Deposit is our most popular investment product because deposits are safe, invested locally and FDIC insured. Here are a few of the additional benefits you'll receive with a FMB Bank CD:

• Our guarantee of a competitive rate
• The peace-of-mind that comes with a guaranteed rate of return
• A low minimum deposit requirement
• The flexibility of several CD options with different rates, maturities and compounding policies
• Interest on a CD can be paid to the customer or reinvested back into the CD
• Interest can also be deposited directly into any FMB Bank deposit account
• Upon maturity, CDs are automatically renewable (substantial penalty for early withdrawal)

Individual Retirement Accounts

An IRA is a personal, tax-sheltered retirement plan. FMB Bank offers three different IRA plans for customers to choose from, so investing can be tailored to fit your individual needs. With all IRAs, there is a substantial penalty for early withdrawal.

Traditional

• This is a custodial account for an individual with earned income
• Grows tax-free, but disbursements are subject to tax
• Deposits can be up to $5,000/year and $6,000/year for those age 50 and over in 2008
• Interest is compounded semi-annually
• Disbursements can begin at age 59 1/2
• IRA certificates can be automatically renewed
• IRAs can be transferred from other institutions at no charge
• Disbursements can be made before retirement age for qualified reasons

Roth IRA

• Funds invested are after tax dollars
• Grows tax-free and disbursements can be tax-free
• Contributions are not tax deductible
• IRA certificates can be automatically renewed
• Deposits can be up to $5,000/year and $6,000/year for those age 50 and over in 2008
• Interest is compounded semi-annually
• Disbursements can be made before retirement age for qualified reasons

Coverdell Education Savings Accounts

• This IRA is designed to save for a child's education
• Not only can this IRA grow tax-free, but disbursements are also tax-free when used to pay for qualified education expenses
• Deposits can be up to $2,000/child/year
• Interest is compounded semi-annually
• IRA certificates can be automatically renewed