Flexible Certificate of Deposit
Our Flexible CD gives you the benefit of low-risk savings with higher returns. Plus, you can access your funds without penalties.
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 to open
- 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
Easy Access to Your Funds
- Add or withdraw money – $250 minimum
- Avoid penalties by making withdrawals at least seven days from the most recent deposit, withdrawal or rate change
- Automatically deposit funds monthly, in $50 or higher increments from a Merchants Bank account with no transfer charge
Need an easy way to invest over $250,000 and still have FDIC insurance? Find out about our CDARS® CD.
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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.
Mobile Banking
Make payments, check balances and more from your smartphone. Download our free Mobile Banking App here. ($3 monthly fee applies to Free Checking for Life account holders.)
Mortgages
Our range of residential mortgages are maintained and serviced in-house-keeping our Vermont economy healthier. Check today’s rates and get started.
52 Reasons
Businesses across Vermont choose to work with us for many reasons. We’re sharing 52 of those reasons throughout the year. Click here and see how many we have so far.