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 0.06% 0.06%
91 Day Cert. of Deposit $500 0.06% 0.06%
182 Day Cert. of Deposit $500 0.11% 0.11%
1 Year Cert. of Deposit $100 0.19% 0.19%
1.5 Year Cert. of Deposit $100 0.31% 0.31%
2 Year Cert. of Deposit $100 0.36% 0.36%
2.5 Year Cert. of Deposit*** $100 0.44% 0.44%
3 Year Cert. of Deposit*** $100 0.49% 0.49%
3.5 Year Cert. of Deposit*** $100 0.49% 0.49%
4 Year Cert. of Deposit*** $100 0.84% 0.84%
5 Year Cert. of Deposit*** $100 1.21% 1.20%
18 Month IRA Retirement CD*** $100 0.94% 0.94%

 

 

*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 December 5, 2017

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