Customers of Farmers and Merchants Bank can choose from a variety of accounts depending on the initial investment and liquidity needs and earn a competitive interest rate from the day the deposit has been made. The $1000 is required to open the account. Corresponding rates and terms that range from 7 days to 47 months. The minimum required to open a Jumbo CD is $100,000. Corresponding rates and terms for Jumbo CDs range from 31 days to 23 months with higher interest rates offered for Jumbo CDs The Jumbo CD's have no monthly maintenance fees and are FDIC insured.