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 and lock into our highest savings rates.
Contact us today for your Business CD rate.
$2000 minimum balance required to open a Certificate of Deposit.
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account has an original maturity of one year or less, the fee we may impose will equal 30 days interest on the amount withdrawn subject to penalty.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account has an original maturity of more than one year, the fee we may impose will equal 90 days interest on the amount withdrawn subject to penalty.