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 a wedding, vacation, property tax payments or a wide range of business needs – our Flexible CD is a popular, easy way to save.
This CD is like no other; it provides you easy access to your funds.
Features include:
- Initial $500 deposit
- Higher rates of return than a Money Market Account
- Can be used to secure a Merchants Bank loan
†Easy Access to your Funds
- Add or withdraw money – subject to the seven day limit below
- Avoid penalties by making withdrawals at least seven days from the most recent deposit, withdrawal or rate change
- Set up an automatic deposit of funds from a Merchants Bank account
Need an easy way to invest over $250,000 and still have FDIC insurance? Learn about our CDARS CD
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Questions?
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What is the term of the CD?
What is the term of the CD?
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If I withdraw money early, is there a penalty?
If I withdraw money early, is there a penalty?
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How do I withdraw money?
How do I withdraw money?
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Does the rate change during the year?
Does the rate change during the year?
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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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Routing Number
The bank’s routing number is: 011600020
Personalize Your Debit Card
Upload any photo you want and add a personal touch to your Merchants Bank Debit Card. Learn more.

