Interest Rates

Effective September 03, 2010

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 0.05% 0.05%
Basic Checking $25.00 N/A 0.00% 0.00%
Passbook Savings $1.00 $1.00 0.15% 0.15%
Statement Savings $1.00 $1.00 0.15% 0.15%
Club Savings $1.00 $1.00 0.15% 0.15%

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 0.10% 0.10%
$2,500.00 to $9,999.99 $2,500.00 $2,500.00 0.20% 0.20%
$10,000.00 to $49,999.99 $2,500.00 $10,000.00 0.30% 0.30%
$50,000.00 to $99,999.99 $2,500.00 $50,000.00 0.40% 0.40%
$100,000.00 to $199,999.99 $2,500.00 $100,000.00 0.60% 0.60%
$200,000.00 to $499,999.99 $2,500.00 $200,000.00 0.85% 0.85%
$500,000 and over $2,500.00 $500,000.00 1.00% 1.00%

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 0.20% 0.20%
6 months $500.00 $500.00 0.30% 0.30%
9 months $500.00 $500.00 0.40% 0.40%
12 months $500.00 $500.00 0.60% 0.60%
18 months $500.00 $500.00 0.75% 0.75%
24 months $500.00 $500.00 0.90% 0.90%
30 months $500.00 $500.00 1.00% 1.00%
36 months $500.00 $500.00 1.24% 1.25%
48 months $500.00 $500.00 1.49% 1.50%
60 months $500.00 $500.00 1.49% 1.50%
       

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 0.60% 0.60%
18 month $200.00 $200.00 0.75% 0.75%
24 month $200.00 $200.00 0.90% 0.90%
36 month $200.00 $200.00 1.24% 1.25%
48 month $200.00 $200.00 1.49% 1.50%
60 month $200.00 $200.00 1.49% 1.50%
       

(*) 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.

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