Farmers and Merchants Bank has partnered with College Loan Corporation to aid students in the process of financing their education. The College Loan Corporation's CLC® Premier Loan aids students to bridge the gap between federal aid and college costs. The CLC® Premier Loan is credit-based with features - Interest rate as low as prime 0%, origination fee as low as 0%, apply for co-borrower release after making 24 consecutive scheduled payments on time and meeting credit and eligibility criteria for the loan, interest capitalized at repayment, to save you money, 0.25% interest rate reduction for automatic payments, 0.50% interest rate reduction for borrowers who make interest payments in school, no prepayment fee, no payments for 6 months after graduation or dropping below half-time enrollment, flexible repayment terms and borrow the full cost of attendance, minus other aid received.
| Type | Today | Week Ago |
|---|---|---|
| 15 Year Fixed | 4.62%  |
4.67% |
| 30 Year Fixed | 5.15% | 5.15% |
| 1 Year ARM | 3.48% |
3.51% |
| 5/1 Year ARM | 3.62% |
3.68% |
| Type | Today | Week Ago |
|---|---|---|
| Line of Credit | 4.89%  |
4.88% |
| 10 Year Loan | 7.47% | 7.47% |
| 15 Year Loan | 7.61% |
7.60% |
| Type | Today | Week Ago |
|---|---|---|
| Interest Checking | 0.28% | 0.28% |
| Money Market/Savings | 0.38% | 0.38% |
| 12 Month CD | 1.13%  |
1.15% |
| 60 Month IRA CD | 2.40% |
2.41% |
| Type | Today | Week Ago |
|---|---|---|
| Cash Back Cards | 12.66% |
12.68% |
| No Annual Fee Cards | 12.08% |
11.97% |
| Reward Cards | 12.75% |
12.61% |
| Small Business Cards | 11.01% |
10.94% |
| Student Cards | 13.77% |
13.49% |
| Platinum Cards | 12.26% |
12.11% |
