[rounded corner]
Today's RatesPersonal BankingBusiness BankingCorporate BankingGovernment BankingWealth Management

[rounded] Online Banking Logins secure login :

Online Applications:

[rounded]

[rounded] Banking Products

Return to Personal Banking

Return to Business Banking

[rounded]
Mortgage Closing Cost Rebate, click for details >
[rounded]

Open a CD Today!

Find a branch

For CDARS rates and questions, please call your local branch.

[rounded]

CDARS® Network CD Program

CDARS® † allows you to purchase more than $250,000‡ in CDs through Merchants Bank and have all the funds eligible for FDIC insurance.

Features

  • Your deposit is broken into smaller amounts and placed with institutions that are members of the CDARS® network
  • Accoutn breakdown graphicThese CDARS® institutions issue CDs in amounts under $250,000, making your entire investment eligible for FDIC insurance

Benefits

  • Earn one rate on your entire investment
  • Receive one regular statement listing all of your CDs, along with their issuing banks, maturity dates, interest earned, and other details
  • FDIC insurance

How does CDARS® work?

When you are ready to take advantage of CDARS®, here’s what happens:

  1. Click play to find out more about CDARS:

    (to view as full screen, press play then right click
    video player and choose Zoom > Full Screen)

    You sign one simple Deposit Placement Agreement with Merchants Bank.
  2. Based on our current CD options, you decide on a rate and a maturity that best matches your investment goals.
  3. Using CDARS®, we submit your funds for placement at member banks.
  4. Member banks issue CDs in denominations under $250,000†† so your entire investment is eligible for full FDIC insurance coverage.
  5. You receive written confirmation of your deposits and a listing of all of your CDs.

That’s it! Using CDARS® is just that easy.

For CDARS rates and questions, please call your local branch.

†CDARS is a registered service mark of Promontory Interfinancial Network, LLC.
‡$100,000 minimum balance to participate
††If your CDARS CD matures before 12/31/13, up to $250,000 may be placed in each member bank and still maintain full FDIC insurance.

[swoop]
[rounded corner]