Flexible Certificate of Deposit
When you are planning for government entity 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 for your government entity 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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