Transaction Accounts and CD rates

Mercer Savings Bank offers the lowest fees and most competitive rates available. If you need help to determine which account is right for you, contact a banking officer today.

 

Type of Account
Min.*
A.P.Y.**
Interest Rate
NOW Checking Account $400 0.03% 0.03%
Passbook Account $100 0.05% 0.05%
Statement Savings Account $100 0.05% 0.05%
Christmas Club Account $5 0.05% 0.05%
7 Day Notice Account $2,500 0.10% 0.10%
91 Day Cert. of Deposit $500 0.10% 0.10%
182 Day Cert. of Deposit $500 0.15% 0.15%
1 Year Cert. of Deposit $100 0.30% 0.30%
1.5 Year Cert. of Deposit $100 0.50% 0.50%
2 Year Cert. of Deposit $100 0.60% 0.60%
2.5 Year Cert. of Deposit*** $100 0.70% 0.70%
3 Year Cert. of Deposit*** $100 0.75% 0.75%
3.5 Year Cert. of Deposit*** $100 0.75% 0.75%
4 Year Cert. of Deposit*** $100 1.00% 1.00%
5 Year Cert. of Deposit*** $100 2.02% 2.00%
18 Month IRA Retirement CD*** $100 1.21% 1.20%

 

 

*Minimum Balance required to open account.
**The Annual Percentage Yield (APY) assumes interest remains on deposit until maturity and that a withdrawal will reduce earnings.
***These certificates are available as a Variable Rate CD, with rates changing Jan.1, Apr 1, July 1 and Oct. 1.

Penalty for early withdrawal may apply.
Fees could reduce the earnings on an account.
Rates effective as of May 22, 2018

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