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Deposit Rates


All rates effective March 21, 2017 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$0.00$500.000.10%0.10%
6 Month$0.00$500.000.15%0.15%
6 Month Add-On$0.00$500.000.15%0.15%
1 Year$0.00$500.000.25%0.25%
1 1/2 Year (18 Month)$0.00$500.000.30%0.30%
2 Year$0.00$500.000.45%0.45%
3 Year$0.00$500.000.65%0.65%
3 Year Bump-Up$0.00$500.001.04%1.05%
4 Year$0.00$500.000.75%0.75%
5 Year$0.00$500.001.00%1.00%
5 Year Bump-Up$0.00$500.001.14%1.15%
7 Month Premium (1)$0.00$500.000.20%0.20%
14 Month Premium (1)$0.00$500.000.50%0.50%
28 Month Premium (1)$0.00$500.000.65%0.65%
52 Month Premium CD (1)$0.00$500.001.34%1.35%
  • 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 or Premium Plus Checking Account. Please contact a Customer Service Representative for details.
Individual Retirement Accounts (IRAs)
Product NameMinimum to Obtain APYMinimum to OpenInterest RateAnnual Percentage Yield (APY)
5 year Wealth Builder IRA CD$0.00$500.001.34%1.35%
  • -- Please note that all Certificates of Deposit are available as Roth and Traditional IRAs.
Checking and Savings Accounts
Product NameMinimum to Obtain APYMinimum to OpenInterest RateAnnual Percentage Yield (APY)
Premium Plus Checking with Direct Deposit$500.00$50.000.03%0.03%
$25,000.00$50.000.10%0.10%
$50,000.00$50.000.15%0.15%
Bank at Work(2)$500.00$50.000.01%0.01%
GenGold Checking$1,000.00$50.000.02%0.02%
$5,000.00$50.000.03%0.03%
$10,000.00$50.000.04%0.04%
Mobile Checking (with requirements met)(3)$0.01$50.000.40%0.40%
$15,000.00$50.000.40%0.40%
$15,000.01$50.000.05%0.10%
Mobile Checking (requirements are NOT met)(3)$0.01$50.000.01%0.01%
Non-Profit Checking$500.00$50.000.01%0.01%
$25,000.00$50.000.01%0.01%
$75,000.00$50.000.01%0.01%
$100,000.00$50.000.01%0.01%
$250,000.00$50.000.01%0.01%
IOLTA Checking$1,000.00$100.001.00%1.02%
$100,000.00$100.002.00%2.02%
$200,000.00$100.002.00%2.02%
Premium Plus Savings$500.00$50.000.03%0.03%
$10,000.00$50.000.04%0.04%
$25,000.00$50.000.05%0.05%
$50,000.00$50.000.06%0.06%
$75,000.00$50.000.08%0.08%
Just Savings$100.00$50.000.02%0.02%
$2,500.00$50.000.03%0.03%
$10,000.00$50.000.04%0.04%
$25,000.00$50.000.05%0.05%
Business Savings$100.00$50.000.03%0.03%
$2,500.00$50.000.04%0.04%
$10,000.00$50.000.06%0.06%
$25,000.00$50.000.08%0.08%
All Purpose Club$2.00$2.000.10%0.10%
Youth Savings$1.00$0.000.03%0.03%
  • (3) If Mobile Checking requirements are met and your average daily balance is $15,000.00 or less, the interest rate paid on the entire balance will be .40% with an annual percentage yield of .40%. An interest rate of .05% will be paid only on that portion of your average daily balance that is greater than $15,000.00. The annual percentage yield for this tier will range from .10% to .40%, depending on the balance in the account. If requirements are not met during the statement cycle, the interest rate will be .01% with an APY of .01% on the entire account balance. Mobile Checking Requirements: A minimum of 14 fully processed debit card transactions each statement cycle and have eStatements. **Maximum APY is based on an assumed maximum balance of $100,000.00. A higher balance is possible and the APY would be calculated accordingly.
  • (2) Available to employees of businesses registered for this service.
  • 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 NameMinimum to Obtain APYMinimum to OpenInterest RateAnnual Percentage Yield (APY)
Personal Money Market$500.00$500.000.03%0.03%
$10,000.00$500.000.03%0.03%
$25,000.00$500.000.06%0.06%
$50,000.00$500.000.08%0.08%
$75,000.00$500.000.10%0.10%
Business Money Market$2,500.00$2,500.000.03%0.03%
$25,000.00$2,500.000.03%0.03%
$75,000.00$2,500.000.06%0.06%
$100,000.00$2,500.000.08%0.08%
$250,000.00$2,500.000.10%0.10%
  • Money Market Accounts are variable rate accounts. The interest rates and APYs may change at the Bank's discretion. Fees could reduce earning.
  • -- Interest on Merrimack County Savings Bank’s deposits is compounded every month and credited to your account monthly, using the daily balance method. This method applies a daily periodic rate to the principal in the account each day. Accrual of interest on non-cash deposits (for example, checks) begins to accrue no later than the next business day.
  • -- Please note that all Certificates of Deposit are available as Roth and Traditional IRAs.
  • -- Please refer to the Account Terms schedule for applicable fees and other details.
Deposit Rates