Find the latest Merrick Bank CD Rates, promotions and offers here.
Best CD Rates: 12-month CD 5.05% APY, 18-month CD 4.850% APY – $25k minimum/$250k maximum deposit.
Availability: Nationwide (internet bank)
Credit Inquiry: Unknown
About Merrick Bank
Merrick Bank is an online banking service that was founded in 1997. Headquartered in South Jordan, Utah (18 miles south of Salt Lake City), Merrick Bank offers its product line nationwide through an online application.
Merrick Bank offers a vast array of products including CD options for all of your specific financial needs. From checking and savings account to loans and CDs, you are bound to find one that works for you.
| Term | APY Rate | Minimum Deposit |
| 3-Month | 3.25% | $25,000 |
| 6-Month | 4.70% | $25,000 |
| 9-Month | 4.75% | $25,000 |
| 12-Month | 5.05% | $25,000 |
| 18-Month | 4.85% | $25,000 |
| 24-Month | 4.70% | $25,000 |
| 36-Month | 4.40% | $25,000 |
| 48-Month | 4.30% | $25,000 |
| 60-Month | 4.15% | $25,000 |
*The above rates are accurate as of 03/27/2023*
Merrick Bank CDs
CDs are a certificate issued by a bank to a person depositing money for a specified length of time. Usually the longer of a term, the higher APY rate you make.
They currently offer standard CD rates from 3-month to 60-month. If you’re interested in making a higher rate than a traditional savings account then make sure to check out Merrick Bank’s CDs and their rates listed below.
- Minimum deposit: $25K
- Maximum deposit: $250K
- Early withdrawal penalty:
- Terms of 364 days or less – 90 days interest
- Terms between 365 and 1,459 days – 180 days interest
- Terms of 1,460 days or longer – 270 days interest
(FDIC Insured)
| Compare to the best CDs such as Bellco Credit Union 17-Month CD (5.00% APY), Sallie Mae Bank 27-Month CD (5.15% APY), CIT Bank 18-Month CD (4.60% APY), Blue Federal Credit Union 15-Month CD (4.80% APY), Quontic Bank 12-Month CD (4.75% APY), Sallie Mae 14-Month No-Penalty CD (4.75% APY), and Western Alliance Bank 12-Month CD (5.01% APY). |
CD Features
- Available Nationwide
- Nationally Competitive Rate
- Free online and mobile banking
- Insured by the FDIC up to the maximum allowed by law
Bottom Line
With a unique selection of CD lengths to choose from, you can be sure to find an account that best fits all your banking needs. Take advantage of a low required minimum balance of just $25,000.
The rates are worth a look, but always compare them with the nation’s best using our guides: CD Rates | Savings Rates.
*While Merrick Bank does have decent rates with their launch, their product line is limited. I recommend to take a look at Discover Bank Promotions here
This is a great opportunity to invest in a high-interest CD from Merrick Bank. However, you may want to compare them with our best CD Rates:
- Best 6-Month CD Rates
- Best 9-Month CD Rates
- Best 12-Month CD Rates
- Best 18-Month CD Rates
- Best 24-Month CD Rates
- Best 36-Month CD Rates
- Best 48-Month CD Rates
- Best 60-Month CD Rates
You might even find yourself earning more than a regular savings account. Be sure to apply as soon as you can to start your new account experience. Check back often for the latest Merrick Bank CD rates!
Disclaimer: Rates / APY terms above are current as of the date indicated. These quotes are from banks, credit unions and thrifts. Bank, thrift and credit union deposits are insured by the FDIC or NCUA. Contact the bank for the terms and conditions that may apply to you. Rates are subject to change without notice and may not be the same at all branches.
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