Certificates of Deposit

It's easy to bank with Merchants Bank™

Certificates of Deposit

It's easy to bank with Merchants Bank™

Flex Index CD

Finally, a certificate of deposit that keeps pace with a changing rate environment! Our Flex Index CD flexes, so you earn a great rate—with a 12-month term that offers both flexibility and security.

4.86% APY

4.86%

APY*

*Flex Index CD Annual Percentage Yield (APY) is current as of 5/08/2025

Choose from the following terms:

  • 12 Month Flex Index CD

Account Details:

  • Minimum balance to open CD is $1000
  • Must maintain minimum balance of $1000 every day to earn APY
  • Penalty may be imposed for early withdrawal
  • Interest rate is based on a Prime Rate index minus a margin of 2.75%, with a floor of 0%
  • Interest rate may change at any time based on changes in the index

Fixed Rate CD

Looking for a fixed-rate, fixed-term deposit account? A traditional Certificate of Deposit is a great way to earn higher interest rates than regular savings accounts.

CD Rates up to

4.25%

APY**

**The Annual Percentage Yield (APY) is accurate as of 5/08/2025

Choose from the following terms:

  • 1 Month CD: 3.67% APY
  • 3 Month CD: 4.25% APY
  • 6 Month CD: 4.25% APY
  • 12 Month CD: 3.75% APY
  • 18 Month CD: 3.32% APY
  • 24 Month CD: 3.37% APY
  • 30 Month CD: 3.42% APY
  • 36 Month CD: 3.48% APY

Account Details:

  • Minimum balance to open CD is $1000
  • Must maintain minimum balance of $1000 every day to earn APY
  • Penalty may be imposed for early withdrawal

Looking for additional ways to maximize your savings?

High-Yield Money Market

Earn a great rate with no gimmicks

Personal Checking

Simple, straightforward checking with no hidden fees

Looking for additional ways to maximize your savings?

High-Yield Money Market

Earn a competitive rate with no gimmicks

Personal Checking

Simple, straightforward checking with no hidden fees

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