If you're looking for a higher rate of return on your money - without the risks typically associated with many investments - consider a Merchant & Farmers Certificate of Deposit. Whether you are saving for 90 days or 3 years, we offer certificates of deposit to meet your needs for growth and liquidity. Our New Accounts Representative can show you how you can insure your investment. Open a Certificate of Deposit account with Merchants & Farmers Bank, and lock into our highest savings rates.
Contact us today for your Business CD rate.
Minimum balance required to open a Certificate of Deposit:
-You must deposit $2000.00 to open this account. There is no minimum balance required to obtain annual percentage yield.
Early withdrawal penalty (a penalty may be imposed for the withdrawal of funds before maturity):
-If your account has an original maturity of one year or less, the fee we may impose will equal 30 days' interest on the amount withdrawn subject to penalty.
-If your account has an original maturity of more than one year, the fee we may impose will equal 90 days' interest on the amount withdrawn subject to penalty.