CDs & IRAs

Start on the path to secure your financial future today! A Certificate of Deposit (CD) can help you meet your longer-term savings goals and an Individual Retirement Account (IRA) may be an important part of your retirement savings plan. 

Certificate of Deposit Features

We offer Certificate of Deposit* (CD) accounts for regular savings, retirement accounts (IRAs), and Health Savings Accounts (HSAs):

  • $500 minimum opening deposit 
  • Flexible terms starting from just three months

Individual Retirement Account (IRA) Features

Save for your retirement with flexible and competitive rates when you choose between a Traditional IRA or Roth IRA.^

  • Interest compounded quarterly on our IRA savings account and on CD terms of 12 months or longer
  • No minimum deposit on our IRA savings account
  • $500 minimum deposit for Certificates of Deposit*
  • No annual reporting fees
  • FDIC insurance

*Rates of return vary by term and penalties apply for early withdrawal.

^ Some tax restrictions may apply. Consult your tax advisor to determine which type of IRA is best for you.


As your dedicated financial partner, we offer Wealth Management resources to help you plan for the future. Put our expertise to work for you. 

Relationship Checking

The account that rewards you when certain relationship balances are maintained. Being part of the Merchants family has its perks!

Diamond Money Market

The savings account that helps you earn more while you save more.

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