Bank of the FSM review

Updated October 14, 2026 · SumCue Editorial Team

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Our verdict

The Bank of FSM notice says Passbook Savings Accounts would automatically convert to Statement Savings Accounts.

Key facts

Best for
FSM business savings customers following the October 2025 account migration

Pros

Pros

  • The Bank of FSM notice says Passbook Savings Accounts would automatically convert to Statement Savings Accounts.
  • Customers may still request a passbook, while account information becomes available through digital banking; this is a business-account migration notice.

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Who it suits

  • FSM business savings customers following the October 2025 account migration

Account

The Bank of FSM notice says Passbook Savings Accounts would automatically convert to Statement Savings Accounts. Customers may still request a passbook, while account information becomes available through digital banking; this is a business-account migration notice.

Not confirmed yet: Headline rate, Rate type, Term, Minimum deposit, Deposit protection.

Bank of the FSM

FSM business savings customers following the October 2025 account migration

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