Making it easy for you to earn even more.
That’s Merrimack Style.
11-Month CD Special
Minimum Balance of $500
Additional rates and terms available.
What is a Certificate of Deposit?
A CD is actually a type of savings account that holds a fixed amount of money for a fixed period of time. In this case, 11 months. In exchange for leaving the money untouched, the purchaser is able to earn a much better rate than a typical savings or money market account.
What’s more, a Certificate of Deposit is also insured by the FDIC, which means your deposit is backed by the “full faith and credit of the United States Government,” providing an extra layer of protection. And, the rates for the special certificate of deposit won’t change no matter how much the stock markets go up and down—your money stays secure and growing.
At The Merrimack, we deliver exceptional service by nurturing the journeys of the people, businesses, and communities we serve. Our bankers are ready to provide hands-on help to find the best financial solution for you.
*Promotional rate of 4.50% APY (Annual Percentage Yield) available on 11-month CD with $500 minimum of new money not currently deposited at Merrimack County Savings Bank. New money is defined as deposits not currently held in an account at Merrimack County Savings Bank. A substantial interest penalty may be required for early withdrawals from Certificates of Deposit and IRA CDs. Contact a representative for further information regarding applicable fees and terms. Fees could reduce the earnings on the account.