Flexible Certificate of Deposit
Whether you are planning for tax payments, office equipment, unexpected repairs or other business needs, our Flexible CD is a popular, easy way to save. Features include:
- FDIC insured
- Initial $500 deposit
- Higher rates of return than a Money Market Account
- Can be used to secure a Merchants Bank loan
- A maximum aggregate balance of $250,000 per customer
CDARS® Network CD Program
If you're looking to invest larger sums of money (not just thousands, but potentially millions of dollars) – with the protection of FDIC insurance – the CDARS® Network program may be just the tool your business needs. The program works by breaking down your investment among CDARS Network institutions, which issue CDs in smaller denominations. Those smaller CDs are eligible for FDIC insurance - and as a result, your entire investment is covered.
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Questions?
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Do I need to live or work in Vermont to open an account or loan?
Do I need to live or work in Vermont to open an account or loan?
Merchants Bank opens accounts or loans for people living or working in Vermont or communities adjacent to our offices.
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Do you offer an investment alternative for every day people?
Do you offer an investment alternative for every day people?
Yes, to learn more about our Trust Personal Investment Account, click here.
Business Checking
Our 4 Business Checking Accounts give you the option to find the account that best matches your business needs. Learn more.
Allpoint ATM Network
Access over 55,000 surcharge-free ATMs around the world-with hundreds right here in Vermont. Learn more.
Routing Number
The bank’s routing number is: 011600020