It's never too early to teach kids the importance of saving! An F&M Youth Savings1 account can be opened with as little as $5 and is the perfect place to save money earned from an allowance, after-school job or received as a gift.


Comparison table for Youth Savings
  Youth Savings1
Minimum Opening Balance $5
Account Fees $2 Per Check/Withdrawal Fee Applies for Each Withdrawal Exceeding 3 Per Quarter if the Balance in the Account Falls Below $200 any Day of the Quarter

$20 Early Closure Fee applies if the Account is Closed Within 12 Months of the Opening Date.
Limited Withdrawal Privilages2  Checkmark
Check images Included
With Monthly Statement
Free Debit MasterCard®3  
Free Debit Card Alerts4  
ATM access with your linked
F&M checking account’s
Debit MasterCard®3
Free Online Banking5  Checkmark
Free Mobile Banking4  Checkmark
Free eStatements & eNotices  Checkmark
Interest Competitive Variable Rate; Interest Accrues Daily and is Paid to the Account Quarterly
If the Account is Closed Before Interest is Paid, the Accrued Interest will not be Credited  Checkmark
Combined monthly statements  
Combined monthly statements or
a quarterly savings-only statement
Tiers offered:
$20,000 or more

Some account features and benefits may be subject to separate application, agreement, fees, and/or approval. Terms, Conditions and Limitations may apply. Account features and benefits are subject to change with or without notice. For additional details, please refer to Services & Fees located at, or the agreement and disclosures provided at the time of account opening, or ask our office staff.

  • 1For clients ages 21 years and under. Minors under 18 years old must have an adult as a joint accountholder.
  • 2Up to six transfers or withdrawals are allowed per month to another account of the depositor or to a third party by means of a pre-authorized, automatic or telephonic transfer, or by check, draft, debit card, ATM card or similar order payable to third parties. Exceeding these limitations may result in the closure of your account or the transfer of funds to another qualified account type.
  • 3Other financial institutions and ATM operators may charge an additional surcharge fee for use of their ATM, which is disclosed and debited at the time of your transactions.
  • 4F&M Bank does not charge for this service, however, your wireless carrier may charge you fees related to this service.
  • 5Online Banking is available for clients 13 years old and over.