Take advantage of some of our best Certificate of Deposit (CD) rates with these limited time CD specials as part of your overall savings strategy.
 

For CD specials, click on your location below.

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CD Rates As High As .56%
 
Choose your term:
  • 21-month
  • 31-month
APY APY as high as
.36% .56%
Earn highest APY shown above by adding:
  • .10 for having a direct deposit into a personal checking account.
  • .10 if Certificate of Deposit includes at least $10,000 of new money

Apply for a Certificate of Deposit

Annual Percentage Yield effective September 4, 2020.

$500 minimum balance to earn APY.

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CD Rates As High As 1.00%
 
Term APY APY as high as
9-month .25% .75%
19-month .35% .85%
29-month .50% 1.00%
Increase your APY by 0.50% for having a direct deposit into a new or existing Merchants Bank personal checking account .
 

Annual Percentage Yield effective March 20, 2020.

$2,500 minimum balance to earn APY.

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CD Rate .50% APY for 11 Months
 

Apply for a Certificate of Deposit

Annual Percentage Yield effective September 10, 2020.

$500 minimum balance to earn APY.


CD Rate .50% APY for 5 Months*

 
 

*APY with $10,000 new money

Annual Percentage Yield effective September 10, 2020.

$10,000 minimum balance to earn APY.

Certificate of Deposit has a maximum opening deposit of $249,999.99.

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CD Rates As High As .50%

 
Term APY APY as high as
11-month .40% .50%
Earn highest APY shown above by adding:
  • .05 for having a direct deposit into a personal checking account.
  • .05 if Certificate of Deposit includes at least $10,000 of new money

Annual Percentage Yield effective August 28, 2020.

$500 minimum balance to earn APY.

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CD Rates As High As 1.00%
 
Term APY APY as high as
9-month .25% .75%
19-month .35% .85%
29-month .50% 1.00%
Increase your APY by 0.50% for having a direct deposit into a new or existing Merchants Bank personal checking account .
 

Annual Percentage Yield effective September 10, 2020.

$2,500 minimum balance to earn APY.

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CD Rates As High As .50%

 
Term APY APY as high as
11-month .40% .50%
Earn highest APY shown above by adding:
  • .05 for having a direct deposit into a personal checking account.
  • .05 if Certificate of Deposit includes at least $10,000 of new money

Annual Percentage Yield effective August 28, 2020.

$500 minimum balance to earn APY.

Please scroll left and right to view the rest of the table.

CD Rates As High As .56%
 
Choose your term:
  • 21-month
  • 31-month
APY APY as high as
.36% .56%
Earn highest APY shown above by adding:
  • .10 for having a direct deposit into a personal checking account.
  • .10 if Certificate of Deposit includes at least $10,000 of new money

Apply for a Certificate of Deposit

Annual Percentage Yield effective September 4, 2020.

$500 minimum balance to earn APY.

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CD Rates As High As .90%

Term APY APY as high as
9-month .15% .65%
19-month .25% .75%
29-month .40% .90%
 
Increase your APY by 0.50% for having a direct deposit into a new or existing Merchants Bank personal checking account. 
 

Apply for a Certificate of Deposit

Annual Percentage Yield effective August 13, 2020.

$2,500 minimum balance to earn APY.

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CD Rates As High As .75%

Term APY APY as high as
9-month .25% .50%
19-month .35% .60%
29-month .50% .75%
Increase your APY by .25 for all specials by having a
Merchants Bank personal checking account.
 

Apply for a Certificate of Deposit

Annual Percentage Yield effective May 21, 2020

$2,500 minimum balance to earn APY.

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CD Rates As High As .56%
 
Choose your term:
  • 21-month
  • 31-month
APY APY as high as
.36% .56%
Earn highest APY shown above by adding:
  • .10 for having a direct deposit into a personal checking account.
  • .10 if Certificate of Deposit includes at least $10,000 of new money

Apply for a Certificate of Deposit

Annual Percentage Yield effective September 4, 2020.

$500 minimum balance to earn APY.

 
 
 
 
 
 
 
 
 
 
 
To view our standard CD rates and other checking and savings account rates, please visit our rates page.

Early withdrawal penalties may reduce account earnings. Offers not available on government funds.

New money is money not currently on deposit with Merchants Bank and is required at account opening.