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Reeds gold mine

Reed Gold Mine is located in Cabarrus County and is the site of the first documented commercial gold find in the United States.

Just like traditional money market accounts, F&M Bank’s Non-Profit Money Market account earns interest and offers easy access to funds. This option makes the most of higher savings balances for civic organizations, community groups and non-profit organizations eligible for tax exempt status under section 501 of the Internal Revenue Code. 

Account Features 

  • Minimum Opening Balance: $1,000 deposit required to open account
  • Interest rates that are tiered based on your balances
  • Access funds by ATM, phone, online or at any of our locations
  • Avoid a $10 monthly service charge by maintaining a average monthly balance of $5,000 

Note: Federal regulations prohibit excessive transactions on this account.