CD's are a safe, flexible, and easy way to understand investment. Our New Account Representatives 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 for current CD Rates.
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account has an original maturity of one year or less, the fee we may impose will equal 30 days' interest on the amount withdrawn subject to penalty.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has an original maturity of more than one year, the fee we may impose will equal 90 days' interest on the amount withdrawn subject to penalty.
**Rates are subject to change without notice.**