Deposit Rates
All rates effective July 27, 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 | 0.39% | 0.40% |
| 6 Month | $0.00 | $1,000.00 | 0.49% | 0.50% |
| 1 Year | $0.00 | $500.00 | 0.88% | 0.90% |
| 1 1/2 Year (18 Month) | $0.00 | $500.00 | 1.18% | 1.20% |
| 2 Year | $0.00 | $500.00 | 1.23% | 1.25% |
| 2 1/2 Year (30 Month) | $0.00 | $500.00 | 1.71% | 1.75% |
| 3 Year | $0.00 | $500.00 | 1.81% | 1.85% |
| 4 Year | $0.00 | $500.00 | 2.05% | 2.10% |
| 5 Year | $0.00 | $500.00 | 2.19% | 2.25% |
| 7 Month Premium CD (1) | $0.00 | $1,000.00 | 0.83% | 0.85% |
| 14 Month Premium CD (1) | $0.00 | $1,000.00 | 0.98% | 1.00% |
| 28 Month Premium CD (1) | $0.00 | $1,000.00 | 1.47% | 1.50% |
- (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 | 0.65% | 0.66% |
- (2) This CD rate adjusts weekly to the most recent Average Auction Discount rate of the 91 Day U.S. Treasury Bill plus .50 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% |
- --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.
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 | 0.05% | 0.05% |
| $25,000.00 | $500.00 | 0.64% | 0.65% | |
| $50,000.00 | $500.00 | 0.79% | 0.80% | |
| Premium Checking | $500.00 | $500.00 | 0.10% | 0.10% |
| Personal Interest Checking | $500.00 | $50.00 | 0.05% | 0.05% |
| Business Interest Checking | $500.00 | $50.00 | 0.05% | 0.05% |
| Not-for-Profit Checking | $0.00 | $50.00 | 0.05% | 0.05% |
| IOLTA and RETA Checking | $500.00 | $50.00 | 2.00% | 2.05% |
Premium Statement Savings
| $500.00 | $25.00 | 0.25% | 0.25% |
| $10,000.00 | $25.00 | 0.30% | 0.30% | |
| $25,000.00 | $25.00 | 0.34% | 0.35% | |
| $50,000.00 | $25.00 | 0.39% | 0.40% | |
| $75,000.00 | $25.00 | 0.49% | 0.50% | |
| Passbook Savings | $200.00 | $0.00 | 0.15% | 0.15% |
| Statement Savings | $100.00 | $25.00 | 0.20% | 0.20% |
| Youth Savings | $1.00 | $1.00 | 0.25% | 0.25% |
- 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 | 0.25% | 0.25% |
| $10,000.00 | $50.00 | 0.30% | 0.30% | |
| $25,000.00 | $50.00 | 0.34% | 0.35% | |
| $50,000.00 | $50.00 | 0.39% | 0.40% | |
| $75,000.00 | $50.00 | 0.49% | 0.50% | |
Business Money Fund
| $500.00 | $2,500.00 | 0.25% | 0.25% |
| $10,000.00 | $2,500.00 | 0.30% | 0.30% | |
| $25,000.00 | $2,500.00 | 0.34% | 0.35% | |
| $50,000.00 | $2,500.00 | 0.39% | 0.40% | |
| $75,000.00 | $2,500.00 | 0.49% | 0.50% | |
Not-for-Profit Money Fund
| $500.00 | $2,500.00 | 0.34% | 0.35% |
| $75,000.00 | $2,500.00 | 0.39% | 0.40% | |
| $250,000.00 | $2,500.00 | 0.49% | 0.50% |
- Money Market Accounts are variable rate accounts. The interest rates and APYs may change at the discretion of the bank.
- Fees could reduce the earnings on Money Market Accounts
- -- Interest on Merrimack County Savings Bank deposits is compounded continuously.
- -- Please refer to the Account Terms brochures for applicable fees and other details.
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