Interest Rates
Effective November 21, 2008
The following tables outline the rate of interest earned on various types of Merrimac Savings Bank checking/savings accounts.
All rates are subject to change without notice, and are not guaranteed unless confirmed by phone or fax.
Deposit Accounts
|
Account Product Name |
Min. Opening Deposit |
Min. Balance to Obtain Annual Percentage Yield |
Interest Rate |
Annual Percentage Yield |
|
N.O.W Checking |
$100.00 |
$10.00 |
0.20% |
0.20% |
|
Basic Checking |
$25.00 |
N/A |
0.00% |
0.00% |
|
Passbook Savings |
$1.00 |
$1.00 |
0.30% |
0.30% |
|
Statement Savings |
$1.00 |
$1.00 |
0.30% |
0.30% |
|
Club Savings |
$1.00 |
$1.00 |
0.30% |
0.30% |
Tiered Rate Money Market
|
TIERED RATE MONEY MARKET
(Daily Balances) |
Min. Opening Deposit |
Min. Balance to Obtain Annual Percentage Yield |
Interest Rate |
Annual Percentage Yield |
|
$0.00 to $2,499.00 |
$2,500.00 |
$1.00 |
0.25% |
0.25% |
|
$2,500.00 to $9,999.99 |
$2,500.00 |
$2,500.00 |
1.00% |
1.01% |
|
$10,000.00 to $49,999.99 |
$2,500.00 |
$10,000.00 |
1.24% |
1.25% |
|
$50,000.00 to $99,999.99 |
$2,500.00 |
$50,000.00 |
1.24% |
1.25% |
|
$100,000.00 to $199,999.99 |
$2,500.00 |
$100,000.00 |
1.49% |
1.50% |
|
$200,000.00 to $499,999.99 |
$2,500.00 |
$200,000.00 |
1.74% |
1.75% |
|
$500,000 and over |
$2,500.00 |
$500,000.00 |
2.47% |
2.50% |
CD's
|
CERTIFICATES OF DEPOSIT TERMS (*) |
Min. Opening Deposit |
Min. Balance to Obtain Annual Percentage Yield |
Interest Rate |
Annual Percentage Yield |
|
3 months |
$500.00 |
$500.00 |
1.24% |
1.25% |
|
6 months |
$500.00 |
$500.00 |
1.98% |
2.00% |
|
7 MONTHS SPECIAL |
$5000.00 |
$5000.00 |
3.20% |
3.25% |
|
9 months |
$500.00 |
$500.00 |
2.08% |
2.10% |
|
12 months |
$500.00 |
$500.00 |
2.23% |
2.25% |
|
12 months |
$500.00 |
$100,000.00 |
2.47% |
2.50% |
|
15 MONTHS SPECIAL |
$5000.00 |
$5000.00 |
3.44% |
3.50% |
|
18 months |
$500.00 |
$500.00 |
2.23% |
2.25% |
|
24 months |
$500.00 |
$500.00 |
2.32% |
2.35% |
|
30 months |
$500.00 |
$500.00 |
2.42% |
2.45% |
|
36 months |
$500.00 |
$500.00 |
2.71% |
2.75% |
|
48 months |
$500.00 |
$500.00 |
2.71% |
2.75% |
|
60 months |
$500.00 |
$500.00 |
2.96% |
3.00% |
IRA's
|
IRA TERMS |
Min. Opening Deposit |
Min. Balance to Obtain Annual Percentage Yield |
Interest Rate |
Annual Percentage Yield |
|
12 month |
$200.00 |
$200.00 |
2.23% |
2.25% |
|
12 month |
$200.00 |
$100,000.00 |
2.47% |
2.50% |
|
18 month |
$200.00 |
$200.00 |
2.23% |
2.25% |
|
24 month |
$200.00 |
$200.00 |
2.32% |
2.35% |
|
36 month |
$200.00 |
$200.00 |
2.71% |
2.75% |
|
48 month |
$200.00 |
$200.00 |
2.71% |
2.75% |
|
60 month |
$200.00 |
$200.00 |
2.96% |
3.00% |
(*) Substantial penalty is imposed for early withdrawal.
Fees could reduce the earnings on the account.
For current rate information call (978) 346-8661, (603) 382-1311 or fax request to (978) 346-7155.
|
