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?
Looking for additional ways to maximize your savings?
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