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.

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 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

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Need an easy way to invest over $250,000 and still have FDIC insurance? Find out about our CDARS® CD.