Savings and CDs

We make it easy to make your money grow, with a variety of savings plans tailored to your goals.

Savings Accounts

Having trouble saving? We make it easy with interest-earning accounts and flexible plans.

  • Regular Statement Savings — Earn interest on a daily balance of $100 or more and waive the $2 monthly service charge with a minimum average daily balance of just $100
  • Premium Statement Savings — Structured with five balance tiers and preferred rates, this account is only available as a companion to Merrimack Premium Checking. Earn interest on a daily balance of $500 or more and waive the $2 monthly service charge with a minimum average daily balance of just $100.
  • Youth Savings — For savers under 18 years of age. Earn interest on daily balances of $1.00 or more and pay no monthly service charge.

Maximizer Money Market Account

For more aggressive savers. The Merrimack Maximizer Account offers five balance tiers, so you can earn progressively higher rates the more you save. Plus, this account comes with the option of limited check writing. (The account allows you to make up to six preauthorized transfers of which six may be by check to a third party per calendar month or statement cycle.) The monthly service charge of $6 is waived if you maintain a minimum average daily balance of $1000.

Remember to Pay Yourself First!

Choose Direct Deposit or Automatic Payment to fund your savings or money market accounts for hassle-free savings. Ask any Customer Service Representative to help you set up an automatic savings plan according to your preferences. Or make transfers automatically or at your discretion using Merrimack24 Online Banking transfers between your Merrimack accounts.

Certificates of Deposit

Better rates for the serious saver. If immediate access to your funds is not necessary, a CD can offer higher returns as well as stability, balance, and a "safe haven" for your investing. CD terms range from 3 months to 5 years and carry certain restrictions. Our popular 18-month variable rate "add-on" CD lets you add funds as many times as you wish during the term. Ask us for more details to find out how a CD from The Merrimack can fit into your savings plans.

Do you need FDIC coverage for higher balances?
We offer CDARS, a unique offering through a network of participating financial institutions that allows FDIC-insured CD deposits in amounts greater than $250,000.

Club Accounts

Want to save for a special occasion, but need a little "added discipline?" With a club account, you set your savings goal and then make 50 payments of $5, $10, $15, $20, $25, or $50. Choose from two club accounts:

  • Christmas Club - opens in October
  • Vacation Club - opens in April
Savings