Automate your savings and earn a high interest rate with no monthly fees. With BonuSelect Saver, you can set it and forget it — just link your BonuSelect Checking or BonuSelect Cash Back Checking to save effortlessly.
Key Features
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Automatic Savings
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High Interest
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No Monthly Fees
- Free account that builds your savings effortlessly
- Links to free BonuSelect Checking or BonuSelect CashBack Checking
- Automatic transfers of BonuSelect Checking or BonuSelect CashBack Checking earnings
- 0.50% APY* on balances less than $20,001
- 0.50% to 0.11% APY* on balances equal to or greater than $20,001
- 0.01% APY* if qualifications are not met
- No minimum balance to earn bonus
- No monthly maintenance fees
- Free digital banking services
Qualifying for your BonuSelect Checking or BonuSelect CashBack Checking rewards automatically qualifies you for the highest BonuSelect Saver rate, too. Enrollments must be in place and all of the following transactions and activities must post and settle to your BonuSelect Checking or BonuSelect CashBack Checking account during each Monthly Qualification Cycle:
- At least 15 debit card purchases
- Be enrolled in eStatements
That’s it. Even if you don’t meet your qualifications during the cycle, your BonuSelect Checking or BonuSelect CashBack Checking account is still free. And you can get right back to earning your full rewards the very next month!
All savings accounts are FDIC-insured for up to $250,000 in deposits. So, whichever savings account you choose, you can rest assured that your funds will be safe as they continue to earn interest month after month. If you are saving for a short-term goal, such as holiday spending or a vacation, a savings account is a better option than the stock market. Your emergency fund should also be kept in an accessible, risk-free savings account.
To get the most out of a BonuSelect Saver account, you should also have a BonuSelect Checking or Cashback Checking account, be enrolled in eStatements, and make at least 15 debit card purchases per month. That will give you the highest interest rate on your BonuSelect Saver.
If you can’t meet the qualifications for rewards savings, you may want to consider our basic savings account instead. Saving for retirement? Check out our Individual Retirement Accounts (IRA).
To learn more about BonuSelect Saver, visit your nearest branch location in Edmond, Yukon, Guthrie, Kingfisher, Piedmont, or Crescent, OK. You can also apply online quickly and conveniently from the comfort of your home! Don’t forget to link your BonuSelect checking and savings accounts.
*APY=Annual Percentage Yield. $50 Minimum Deposit to Open. *BonuSelect Checking – A Tier 1 – An APY of 0.50% will be paid on the entire portion of your Average Daily Balance that is less than $20,001. When the qualifications are not met, the APY on your account will be 0.01%. The current APY is subject to change after account opening. See BonuSelect truth in savings disclosure for more details of other benefits and qualifying requirements. Tier 2 – An APY of 0.11% will be paid only for that portion of your Average Daily Balance that is $20,001 or more. A blended APY for the account will range from 0.50% to 0.11% depending on the balance in the account.
**Cash Back Account – Receive 2.50% cash back up to $5 on purchases made with your F&M Bank debit card during each cycle. See BonuSelect truth in savings disclosure for more details of other benefits and qualifying requirements.
These APYs are current as of 11/16/2022. Rates may change after account is open. Fees may reduce earnings.