15-Month CD Special
| Minimum Balance to Earn Stated APY | Annual Percentage Yield (APY) |
|---|---|
| $500.00 | 3.00% |
| $50,000 | 3.25% |
| $100,000 | 3.50% |
| $300,000 | 4.00% |
| $500,000 | 4.25% |
Additional rates and terms available.
The Merrimack County Savings Bank Special 15-month Certificates of Deposit (CDs) are
a great way to invest. The CDs deliver predictable returns that are significantly better
than a savings or money market account. When you compare yields, you’ll see that our
CDs are competitive and a great way to prepare for the journey forward.
What is a Certificate of Deposit?
A CD is actually a type of savings account that holds a fixed amount of money for a fixed period of time. In this case, 15 months. In exchange for leaving the money untouched, the purchaser is able to earn a much better rate than a typical savings or money market account.
What’s more, a Certificate of Deposit is also insured by the FDIC, which means your deposit is backed by the “full faith and credit of the United States Government,” providing an extra layer of protection. And, the rates for the special certificate of deposit won’t change no matter how much the stock markets go up and down—your money stays secure and growing.
At The Merrimack, we deliver exceptional service by nurturing the journeys of the people, businesses, and communities we serve. Our bankers are ready to provide hands-on help to find the best financial solution for you.
*$500.00 minimum to open Certificate of Deposit. A substantial interest penalty may be required for early withdrawals from Certificates of Deposit and IRA CDs. Contact a representative for further information regarding applicable fees and terms. Fees could reduce the earnings on the account.
