The Farmers & Merchants Bank 12 Month CD Rates
The Farmers & Merchants Bank of Adamsville, TN, is offering one of the best CD rates available right now in TN or any other state. The Farmers & Merchants Bank's current 12 month CD rates are at 1.35%. That rate is considerably higher than the current national average 1 year CD rate of 0.54% as reported by Monitor Bank Rates.
You probably haven't hears of The Farmers & Merchants Bank but they have been around for a long time and deposits have been insured by the FDIC since 1934. The bank's FDIC cert number is 9188.
Other bank CD rates at The Farmers & Merchants Bank are not as good as the bank's 12 month CD rate. For example, 5 year CD interest rates are only at 1.80%. That rate is better than a lot of rates but you can get 5 year interest rates as high as 2.77%.
To find out more about opening a certificate of deposit account at the bank contact them here: The Farmers & Merchants Bank CD Rates.
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