CD Rates
All rates effective March 9, 2010 unless otherwise noted and are subject to change without notice.
Certificates of Deposit--Fixed Rate
| Product Name | Minimum to Obtain APY | Minimum to Open | Interest Rate | Annual Percentage Yield (APY) |
| 90 Day | $0.00 | $1,000.00 | 0.49% | 0.50% |
| 6 Month | $0.00 | $1,000.00 | 0.59% | 0.60% |
| 1 Year | $0.00 | $500.00 | 1.08% | 1.10% |
| 1 1/2 Year (18 Month) | $0.00 | $500.00 | 1.32% | 1.35% |
| 2 Year | $0.00 | $500.00 | 1.37% | 1.40% |
| 2 1/2 Year (30 Month) | $0.00 | $500.00 | 1.95% | 2.00% |
| 3 Year | $0.00 | $500.00 | 2.19% | 2.25% |
| 4 Year | $0.00 | $500.00 | 2.63% | 2.70% |
| 5 Year | $0.00 | $500.00 | 2.77% | 2.85% |
| 7 Month Premium CD (1) | $0.00 | $1,000.00 | 1.23% | 1.25% |
| 14 Month Premium CD (1) | $0.00 | $1,000.00 | 1.47% | 1.50% |
| 28 Month Premium CD (1) | $0.00 | $1,000.00 | 1.81% | 1.85% |
- (1) To qualify for a Premium CD, you must have a Merrimack Premium Checking Account. Please contact a Customer Services Representative for details.
A substantial penalty is imposed on premature withdrawals from Certificates of Deposit.
Certificates of Deposit--Variable Rate
| Product Name | Minimum to Obtain APY | Minimum to Open | Interest Rate | Annual Percentage Yield (APY) |
| 1 1/2 Year Variable Rate (2) (18 Month) | $0.00 | $500.00 | 0.40% | 0.41% |
- (2) This CD rate adjusts weekly to the most recent Average Auction Discount rate of the 91 Day U.S. Treasury Bill plus 25 basis points. Funds may be added as often as desired.
A substantial penalty is imposed on premature withdrawals from Certificates of Deposit.
Individual Retirement Accounts (IRAs)
| Product Name | Minimum to Obtain APY | Minimum to Open | Interest Rate | Annual Percentage Yield (APY) |
| Wealth Builder IRA Savings Account (3) | $25.00 | $25.00 | 0.10% | 0.10% |
| 3 Year IRA CD Special | $0.00 | $500.00 | 2.82% | 2.90% |
| 4 Year IRA CD Special | $0.00 | $500.00 | 2.92% | 3.00% |
| 5 Year IRA CD Special | $0.00 | $500.00 | 3.01% | 3.10% |
- --Please note that Merrimack Maximizer Savings, Statement Savings, Merrimack Money Fund, and all Certificates of Deposit are also available as Roth and Traditional IRAs.
- (3) The Wealthbuilder IRA Savings Account adjusts to 90% of 91-day U.S. Treasury Bill with a minimum rate of .10% on the last Tuesday, effective the 1st of the following month. It is available as a Traditional or Roth IRA. This is a variable rate account, and the interest rate and APR may change at the discretion of the Bank.
