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!

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13 Month CD
1.50% APY

1.49% Interest Rate
21 Month CD
2.00% APY

1.98% Interest Rate
View All Deposit Rates


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 Withdrawal of interest can be withdrawn when credited.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.