CHOOSE BETWEEN OUR 13-MONTH OR OUR 21-MONTH CD SPECIALS!
Step up your savings with your choice of one or both of our CD specials. If you're planning to save money for a new car, a family vacation, college savings or diversify your investments, Merchants Bank has a CD term to meet your short term needs. Take your pick - Act now!
13 Month CD
1.49% Interest Rate
21 Month CD
1.98% Interest Rate
APY is the annual percentage yield and is effective as of the publication date. The minimum balance to open an account and obtain the APY is $1000.00. For CDs with $100,000 or more, the interest rate is 1.54% with an annual percentage yield of 1.55% for a 13 month term and 2.05% APYwith an interest rate of 2.03% on a 21 month term.
Interest compounds daily and credited semi-annually. Withdrawal of interest can be withdrawn when credited. The annual percentage yield assumes that interest remains on deposit until maturity. A withdrawal will reduce earnings. Early withdrawal penalties apply.
Offer valid as of 7/2/18.
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