|
Merchants Bank and Trust Interest Rates on CDs
APY = Annual Percentage Yield
Certificates of Deposit
|
.10% |
.10% |
|
.15% |
.15% |
|
.20% |
.20% |
|
.40% |
.40% |
|
.40% |
.40% |
|
.50% |
.50% |
|
.70% |
.70% |
|
.75% |
.75% |
|
.90% |
.90% |
|
1.24% |
1.25% |
|
1.49% |
1.50% |
For information concerning jumbo rates contact your local branch.
A penalty may be imposed for early withdrawal from Certificates of Deposit.
APY assumes that the interest will remain in the account.
Rates are subject to change at the Bank's discretion without notice.
Minimum Balance/Opening Amount ($1000 for one month and $500 for all other terms) except for Specials (6 month, $5,000 Minimum, 13 Month, $2,500 Minimum and 17 Month, $10,000 Minimum).
Certificates of Deposit greater than or equal to $100,000 are considered jumbo CDs and may have a different rate. Please inquire at your local branch or at the phone number below for a rate quote.
Rates are good as of 1/12/12.
|
