Deposit Rates
All rates effective June 11, 2013 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 | $0.01 | $1,000.00 | 0.10% | 0.10% |
| 6 Month | $0.01 | $1,000.00 | 0.15% | 0.15% |
| 1 Year | $0.01 | $500.00 | 0.25% | 0.25% |
| 1 1/2 Year (18 Month) | $0.01 | $500.00 | 0.30% | 0.30% |
| 20/20 CD | $0.01 | $500.00 | 0.35% | 0.35% |
| 2 Year | $0.01 | $500.00 | 0.44% | 0.45% |
| 2 1/2 Year (30 Month) | $0.01 | $500.00 | 0.49% | 0.50% |
| 3 Year | $0.01 | $500.00 | 0.64% | 0.65% |
| 4 Year | $0.01 | $500.00 | 0.74% | 0.75% |
| 5 Year | $0.01 | $500.00 | 0.98% | 1.00% |
| 5 Year Bump-Up | $0.01 | $500.00 | 1.03% | 1.05% |
| 7 Month Premium (1) | $0.01 | $1,000.00 | 0.20% | 0.20% |
| 14 Month Premium (1) | $0.01 | $1,000.00 | 0.35% | 0.35% |
| 28 Month Premium (1) | $0.01 | $1,000.00 | 0.64% | 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 Name | Minimum to Obtain APY | Minimum to Open | Interest Rate | Annual Percentage Yield (APY) |
| 1 1/2 Year Variable Rate (18 Month) (2) | $0.01 | $500.00 | 0.30% | 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 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% |
- -- Please note that Merrimack Maximizer Savings, Statement Savings, Merrimack Money Fund, and all Certificates of Deposit are also available as Roth and Traditional IRAs.
Checking and Savings Accounts
| Product Name | Minimum to Obtain APY | Minimum to Open | Interest Rate | Annual Percentage Yield (APY) |
Premium Plus Checking with Direct Deposit
| $500.00 | $500.00 | 0.03% | 0.03% |
| $25,000.00 | $500.00 | 0.13% | 0.13% | |
| $50,000.00 | $500.00 | 0.18% | 0.18% | |
| Premium Checking | $500.00 | $500.00 | 0.03% | 0.03% |
| Personal Interest Checking | $500.00 | $50.00 | 0.01% | 0.01% |
| Business Interest Checking | $500.00 | $50.00 | 0.01% | 0.01% |
| Not-for-Profit Checking | $0.00 | $50.00 | 0.01% | 0.01% |
| IOLTA Checking | $500.00 | $50.00 | 2.00% | 2.05% |
Premium Statement Savings
| $500.00 | $25.00 | 0.03% | 0.03% |
| $10,000.00 | $25.00 | 0.03% | 0.03% | |
| $25,000.00 | $25.00 | 0.06% | 0.06% | |
| $50,000.00 | $25.00 | 0.08% | 0.08% | |
| $75,000.00 | $25.00 | 0.10% | 0.10% | |
| Passbook Savings | $200.00 | $0.00 | 0.03% | 0.03% |
| Statement Savings | $100.00 | $25.00 | 0.03% | 0.03% |
| Youth Savings | $1.00 | $0.00 | 0.03% | 0.03% |
- Checking and Savings Accounts are variable rate accounts. The interest rates and APYs may change at the discretion of the Bank.
- Fees could reduce the earnings on Savings and Checking Accounts.
Money Market Accounts
| Product Name | Minimum to Obtain APY | Minimum to Open | Interest Rate | Annual Percentage Yield (APY) |
Merrimack Maximizer Savings
| $500.00 | $50.00 | 0.03% | 0.03% |
| $10,000.00 | $50.00 | 0.03% | 0.03% | |
| $25,000.00 | $50.00 | 0.06% | 0.06% | |
| $50,000.00 | $50.00 | 0.08% | 0.08% | |
| $75,000.00 | $50.00 | 0.12% | 0.12% | |
Business Money Fund
| $500.00 | $2,500.00 | 0.03% | 0.03% |
| $10,000.00 | $2,500.00 | 0.03% | 0.03% | |
| $25,000.00 | $2,500.00 | 0.06% | 0.06% | |
| $50,000.00 | $2,500.00 | 0.08% | 0.08% | |
| $75,000.00 | $2,500.00 | 0.12% | 0.12% | |
Not-for-Profit Money Fund
| $500.00 | $2,500.00 | 0.03% | 0.03% |
| $25,000.00 | $2,500.00 | 0.06% | 0.06% | |
| $75,000.00 | $2,500.00 | 0.08% | 0.08% | |
| $100,000.00 | $2,500.00 | 0.12% | 0.12% | |
| $250,000.00 | $2,500.00 | 0.12% | 0.12% |
- Money Market Accounts are variable rate accounts. The interest rates and APYs may change after you open your account. Offered rates may change at the discretion of the bank. Fees could reduce earning.
- -- Interest on Merrimack County Savings Bank deposits is compounded continuously.
- -- Please refer to the Account Terms brochures for applicable fees and other details.
- -- Please note that Merrimack Maximizer Savings, Statement Savings, Merrimack Money Fund, and all Certificates of Deposit are also available as Roth and Traditional IRAs.
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