CD Rates


All rates effective May 21, 2013 unless otherwise noted and are subject to change without notice.


Certificates of Deposit--Fixed Rate
Product NameMinimum to Obtain APYMinimum to OpenInterest RateAnnual Percentage Yield (APY)
90 Day$0.01$1,000.000.10%0.10%
6 Month$0.01$1,000.000.15%0.15%
1 Year$0.01$500.000.25%0.25%
1 1/2 Year (18 Month)$0.01$500.000.30%0.30%
20/20 CD$0.01$500.000.35%0.35%
2 Year$0.01$500.000.44%0.45%
2 1/2 Year (30 Month)$0.01$500.000.49%0.50%
3 Year$0.01$500.000.64%0.65%
4 Year$0.01$500.000.84%0.85%
5 Year$0.01$500.001.03%1.05%
5 Year Bump-Up$0.01$500.001.13%1.15%
7 Month Premium (1)$0.01$1,000.000.20%0.20%
14 Month Premium (1)$0.01$1,000.000.35%0.35%
28 Month Premium (1)$0.01$1,000.000.64%0.65%
  • A substantial penalty is imposed on premature withdrawals from Certificates of Deposit.
  • (1) To qualify for a Premium CD, you must have a Merrimack Premium Checking Account. Please contact a Customer Service Representative for details.
Certificates of Deposit--Variable Rate
Product NameMinimum to Obtain APYMinimum to OpenInterest RateAnnual Percentage Yield (APY)
1 1/2 Year Variable Rate (18 Month) (2)$0.01$500.000.30%0.30%
  • (2) Funds may be added to this CD as many times as you wish. The rate adjusts weekly to the most recent Average Auction Discount rate of the 91-Day Treasury Bill plus 0.25.
Individual Retirement Accounts (IRAs)
Product NameMinimum to Obtain APYMinimum to OpenInterest RateAnnual Percentage Yield (APY)
Wealth Builder IRA Savings Account (3)
  • (3) The Wealthbuilder IRA Savings Account adjusts to 90% of the 91-day U.S. Treasury Bill with a minimum rate of 0.10% on the last Thursday effective the 1st of the next month.
$25.00$25.000.10%0.10%
  • -- Please note that Merrimack Maximizer Savings, Statement Savings, Merrimack Money Fund, and all Certificates of Deposit are also available as Roth and Traditional IRAs.
  • A substantial penalty is imposed on premature withdrawals from Certificates of Deposit.
CD Rates