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.

Account Type Annual
Percentage
Yield
Interest
Rate
Minimum
Balance
NOW Checking 0.03% 0.03% $400
Passbook or
Statement Savings
0.05% 0.05% $100
Money Market
Deposit Account
0.05% 0.05% < $3,000
0.15% 0.15% > $3,000
0.50% 0.50% > $50,000
1.00% 1.00% > $250,000
Christmas Club 0.05% 0.05% $5
7 Day Notice CD 0.10% 0.10% $2,500
91 Day CD 0.10% 0.10% $500
182 Day CD 0.15% 0.15% $500
1 Year CD 0.50% 0.50% $100
1 1/2 Year CD 0.70% 0.70% $100
2 Year CD 1.00% 1.00% $100
2 1/2 Year CD ** 1.00% 1.00% $100
3 Year CD ** 1.00% 1.00% $100
3 1/2 Year CD ** 1.00% 1.00% $100
4 Year CD ** 1.21% 1.20% $100
5 Year CD ** 2.02% 2.00% $100
18 Month Variable IRA 1.51% 1.50% $100

 

*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 July 17, 2018

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